Aura Dental Excellence & Facial - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09227581 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

AURA DENTAL EXCELLENCE & FACIAL

AESTHETICS LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R Howorko

Dr N Skipp

REGISTERED OFFICE:

Unit 9b

Upper Wingbury Farm

Wingrave

Aylesbury

Buckinghamshire

HP22 4LW

REGISTERED NUMBER:

09227581 (England and Wales)

ACCOUNTANTS:

Taylor Roberts

Unit 9b

Upper Wingbury Farm

Wingrave

Aylesbury

Buckinghamshire

HP22 4LW

FIXED ASSETS

Investments

4

274,149

274,149

CURRENT ASSETS

Debtors

5

8,429

12,890

Cash in hand

101

101

8,530

12,991

CREDITORS

Amounts falling due within one year

6

52,731

33,137

NET CURRENT LIABILITIES

(44,201

)

(20,146

)

TOTAL ASSETS LESS CURRENT LIABILITIES

229,948

254,003

CREDITORS

Amounts falling due after more than one year

7

217,905

241,041

NET ASSETS

12,043

12,962

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

11,943

12,862

SHAREHOLDERS' FUNDS

12,043

12,962

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 26 February 2018 and were signed on its behalf by:

Dr N Skipp - Director

1.	STATUTORY INFORMATION

Aura Dental Excellence & Facial Aesthetics Ltd. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Aura Dental Excellence & Facial Aesthetics Ltd. as an individual

company and do not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly

owned subsidiaries within the group.

Significant judgements and estimates

The preparation of the financial statements required management to note judgements and estimates that affect the

reported amounts of assets and liabilities at the balance sheet date and the reported profits for the financial year. There

are no significant judgements or sources of estimation uncertainty that require specific disclosure in addition to the

disclosures in the accounting policies adopted by the company and set out below.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Debt instruments (other than those wholly repayable or receivable within one year, and loans from directors who are

also shareholders), including loans and other accounts receivable and payable, are initially measured at the present

value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, and loans from

directors who are also shareholders, are measured, initially and subsequently, at the undiscounted amount of the cash

or other consideration expected to be paid or received.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective

evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the

asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2016

and 31 May 2017

274,149

NET BOOK VALUE

At 31 May 2017

274,149

At 31 May 2016

274,149

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by group undertakings

-

12,890

Other debtors

8,429

-

8,429

12,890

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

23,320

23,635

Other creditors

29,411

9,502

52,731

33,137

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

167,905

191,041

Other creditors

50,000

50,000

217,905

241,041

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

74,626

96,502

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

191,225

214,676

The secured bank loan, is repayable by instalments commencing 1 June 2015. The loan is secured by way of fixed and

floating charges over the company's assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2017 and 31 May 2016:

2017

2016

£

£

R Howorko

Balance outstanding at start of year

(91

)

(91

)

Amounts advanced

28,520

-

Amounts repaid

(20,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,429

(91

)

11.	FIRST YEAR ADOPTION

Aura Dental Excellence & Facial Aesthetics Ltd. prepares its first financial statements that comply with FRS 102 for the

year ended 31 May 2017. The date of transition is 1 June 2015.

For Aura Dental Excellence & Facial Aesthetics Ltd. the transition to FRS 102 has not resulted in any changes in

accounting policies to those previously used.