Brighton Laser Clinic Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05291121 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

BRIGHTON LASER CLINIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr R Emerson

Dr F Emerson

REGISTERED OFFICE:

63 High Street

Hurstpierpoint

West Sussex

BN6 9RE

REGISTERED NUMBER:

05291121 (England and Wales)

ACCOUNTANTS:

Sykes Dalby & Truelove Limited

Chartered Accountants

63 High Street

Hurstpierpoint

West Sussex

BN6 9RE

FIXED ASSETS

Tangible assets

4

21,181

27,034

CURRENT ASSETS

Stocks

2,300

2,200

Debtors

5

89,349

149,773

Cash at bank

248,450

69,539

340,099

221,512

CREDITORS

Amounts falling due within one year

6

107,217

114,103

NET CURRENT ASSETS

232,882

107,409

TOTAL ASSETS LESS CURRENT LIABILITIES

254,063

134,443

PROVISIONS FOR LIABILITIES

3,524

4,538

NET ASSETS

250,539

129,905

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

250,538

129,904

SHAREHOLDERS' FUNDS

250,539

129,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 21 December 2017 and were signed on its behalf by:

Dr R Emerson - Director

1.	STATUTORY INFORMATION

Brighton Laser Clinic 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on cost and 25% on reducing balance

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 balance sheet date.

Deferred tax

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

balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

146,611

Additions

2,840

At 31 March 2017

149,451

DEPRECIATION

At 1 April 2016

119,577

Charge for year

8,693

At 31 March 2017

128,270

NET BOOK VALUE

At 31 March 2017

21,181

At 31 March 2016

27,034

5.

DEBTORS

31.3.17

31.3.16

£

£

Amounts falling due within one year:

Trade debtors

3,070

4,315

Other debtors

86,279

84,458

89,349

88,773

Amounts falling due after more than one year:

Other debtors

-

61,000

Aggregate amounts

89,349

149,773

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

34,010

41,748

Other creditors

73,207

72,355

107,217

114,103

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

1

Ordinary

1

1

1

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

Dr R Emerson and Dr F Emerson

Balance outstanding at start of year

(60,000

)

(60,000

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(60,000

)

(60,000

)

R & F Emerson LLP,is a partnership owned by the Directors of this company. The partnership previously

provided clinical services to the Company. At the year end the balance owing to Brighton Laser Clinic was

£80,000 (2016: £80,000).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr R Emerson.