BACD - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06634531 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

BACD

T/A

BRITISH COLLEGE OF AESTHETIC MEDICINE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr K Singh

Dr P Myers

Dr P B Charlson

Dr K Long

Dr R J Harker

Dr P.A. Dobson

SECRETARY:

Dr P.A. Dobson

REGISTERED OFFICE:

Shorne Village Surgery

Crown Lane

Shorne

Kent

DA12 3DY

REGISTERED NUMBER:

06634531 (England and Wales)

ACCOUNTANTS:

The Carley Partnership

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

223

262

223

262

CURRENT ASSETS

Debtors

6

10,714

11,638

Cash at bank and in hand

511,325

405,097

522,039

416,735

CREDITORS

Amounts falling due within one year

7

157,898

146,229

NET CURRENT ASSETS

364,141

270,506

TOTAL ASSETS LESS CURRENT LIABILITIES

364,364

270,768

RESERVES

Funding reserves

14,257

14,257

Income and expenditure account

350,107

256,511

364,364

270,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 surplus or deficit 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 22 September 2017 and were signed on its behalf by:

Dr P B Charlson - Director

Dr R J Harker - Director

1.	STATUTORY INFORMATION

BACD is a private company, limited by guarantee , 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.

First year adoption

The company has adopted the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102. No

changes were required to the figures reported previously under UK GAAP to bring them into line with the new

standard, and so no reconciliation statements are provided.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil 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

-

15% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	INTANGIBLE FIXED ASSETS

Development

Computer

costs

software

Totals

£

£

£

COST

At 1 July 2016

and 30 June 2017

126,500

8,750

135,250

AMORTISATION

At 1 July 2016

and 30 June 2017

126,500

8,750

135,250

NET BOOK VALUE

At 30 June 2017

-

-

-

At 30 June 2016

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

and 30 June 2017

990

DEPRECIATION

At 1 July 2016

728

Charge for year

39

At 30 June 2017

767

NET BOOK VALUE

At 30 June 2017

223

At 30 June 2016

262

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

10,714

11,638

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

105

105

Taxation and social security

4,284

4,056

Other creditors

153,509

142,068

157,898

146,229

8.	CONTINGENT LIABILITIES

There were no contingent liabilities at 30th June 2017 (2016-£nil).

9.	LIMIT OF MEMBERS' GUARANTEE

The liability of the members is limited. Every member of the company undertakes to contribute such amount as

may be required (not exceeding £1) to the company's assets if the company should be wound up while he is a

member or within one year after he ceases to be a member.