Dice Medical Communications Ltd - Accounts to registrar (filleted) - small 17.3
Dice Medical Communications Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2017 |
| for |
| Dice Medical Communications Ltd |
| Dice Medical Communications Ltd (Registered number: 04606925) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Dice Medical Communications Ltd |
| Company Information |
| for the Year Ended 30 April 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Overdene House |
| 49 Church Street |
| Theale |
| Reading |
| Berkshire |
| RG7 5BX |
| Dice Medical Communications Ltd (Registered number: 04606925) |
| Statement of Financial Position |
| 30 April 2017 |
| 30.4.17 | 30.4.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 by: |
| Dice Medical Communications Ltd (Registered number: 04606925) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2017 |
| 1. | STATUTORY INFORMATION |
| Dice Medical Communications Ltd is a |
| 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 |
| The financial statements have been prepared under the historical cost convention. |
| These financial statements are the first financial statements that comply with FRS 102 Section 1A small entities. |
| The date of transition is 1 May 2015 and the comparative prior year has been restated. |
| The presentation currency is sterling (£) |
| Turnover |
| Turnover represents net invoices sales of services, excluding value added tax, as adjusted for work in progress. |
| Income is recognised at the point of invoicing, when the company obtains the right to consideration. |
| Tangible fixed assets |
| Short leasehold | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 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. |
| Debtors |
| Short Term debtors are measured at transaction price less any impairment. Loans receivable are measured |
| initially at fair value, net of transactions costs, and are measured subsequently at amortised costs using the |
| effective interest method, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are |
| measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs |
| using the effective interest method. |
| Dice Medical Communications Ltd (Registered number: 04606925) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern justification |
| The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is |
| appropriate because there are no material uncertainties related to events or conditions that may cast significant |
| doubt about the ability of the company to continue as a going concern. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Computer |
| leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2016 |
| Additions |
| At 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 61,273 | 51,712 |
| Other creditors |
| Directors' loan accounts | 240,329 | 200,000 |
| Accruals and deferred income |
| Dice Medical Communications Ltd (Registered number: 04606925) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the balance sheet date, the following balance existed on a loan account with one of the directors: |
| N A Dickinson £111,869 in credit (2016 - £100,000 in credit) |
| H A Dickinson £128,460 in credit (2016 - £100,000 in credit) |
| The above loan is interest free and with no fixed date for repayment. |
| The company paid dividends to its directors as follows: |
| N A Dickinson £164,110 (2016 - £219,110) |
| Mrs H Dickinson £164,110 (2016 - £219,110) |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of its directors, who, as husband and wife, jointly own 100% of the issued |
| share capital. |
| 10. | FIRST YEAR ADOPTION |
| This is the first year the financial statements have been prepared under FRS 102. There were no restatements of |
| prior year comparison as a result of the transition to FRS 102. |