Norfolk House Dental Care Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07853357 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2016

for

Norfolk House Dental Care Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P J Andrews

S M Robb

SECRETARY:

REGISTERED OFFICE:

Norfolk House

91 London Road

Gloucester

Gloucestershire

GL1 3HH

REGISTERED NUMBER:

07853357 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Intangible assets

4

402,500

483,000

Tangible assets

5

35,693

72,164

438,193

555,164

CURRENT ASSETS

Stocks

27,447

23,773

Debtors

6

5,586

3,836

Cash at bank and in hand

71,291

47,147

104,324

74,756

CREDITORS

Amounts falling due within one year

7

144,546

278,232

NET CURRENT LIABILITIES

(40,222

)

(203,476

)

TOTAL ASSETS LESS CURRENT LIABILITIES

397,971

351,688

PROVISIONS FOR LIABILITIES

-

5,385

NET ASSETS

397,971

346,303

CAPITAL AND RESERVES

Called up share capital

750

750

Retained earnings

397,221

345,553

SHAREHOLDERS' FUNDS

397,971

346,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 2 February 2017 and were signed on its behalf by:

Dr P J Andrews - Director

S M Robb - Director

1.	STATUTORY INFORMATION

Norfolk House Dental Care Limited is a private company, limited by shares, registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced services and goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2015 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

805,000

AMORTISATION

At 1 January 2016

322,000

Charge for year

80,500

At 31 December 2016

402,500

NET BOOK VALUE

At 31 December 2016

402,500

At 31 December 2015

483,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

192,721

Additions

2,591

At 31 December 2016

195,312

DEPRECIATION

At 1 January 2016

120,557

Charge for year

39,062

At 31 December 2016

159,619

NET BOOK VALUE

At 31 December 2016

35,693

At 31 December 2015

72,164

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

2,619

927

Other debtors

2,967

2,909

5,586

3,836

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

11,285

21,260

Amounts owed to group undertakings

7,367

-

Taxation and social security

68,180

57,200

Other creditors

57,714

199,772

144,546

278,232

8.	ULTIMATE PARENT COMPANY

The ultimate parent company for Norfolk House Dental Care Limited is NHDC Holdings Limited, a

company incorporated in England and Wales.