Greenside Dental Care Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08714299 (England and Wales)

Greenside Dental Care Limited

Unaudited Financial Statements

for the Year Ended 30 September 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Peacock

C J Woods

SECRETARY:

K F Woods

REGISTERED OFFICE:

1-3 Mortimer Street

Cleckheaton

West Yorkshire

BD19 5AR

REGISTERED NUMBER:

08714299 (England and Wales)

ACCOUNTANTS:

Howard & Co. Accountants LLP

6 Market Street

Birstall

West Yorkshire

WF17 9EN

FIXED ASSETS

Intangible assets

4

437,760

492,480

Tangible assets

5

65,759

82,404

503,519

574,884

CURRENT ASSETS

Stocks

11,998

14,781

Debtors

6

21,382

21,870

Cash at bank and in hand

35,000

56,158

68,380

92,809

CREDITORS

Amounts falling due within one year

7

91,984

94,454

NET CURRENT LIABILITIES

(23,604

)

(1,645

)

TOTAL ASSETS LESS CURRENT LIABILITIES

479,915

573,239

CREDITORS

Amounts falling due after more than one year

8

(76,197

)

(102,416

)

PROVISIONS FOR LIABILITIES

(10,346

)

(13,723

)

NET ASSETS

393,372

457,100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

393,272

457,000

SHAREHOLDERS' FUNDS

393,372

457,100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 26 June 2018 and were signed on its behalf by:

L Peacock - Director

C J Woods - Director

1.	STATUTORY INFORMATION

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

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was estimated to have

a remaining useful life of 10 years on 1 October 2015 on transition to Financial Reporting Standard 102 and is

being amortised evenly over this period.

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.

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 15% 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 9 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

608,000

AMORTISATION

At 1 October 2016

115,520

Charge for year

54,720

At 30 September 2017

170,240

NET BOOK VALUE

At 30 September 2017

437,760

At 30 September 2016

492,480

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

114,663

Additions

943

At 30 September 2017

115,606

DEPRECIATION

At 1 October 2016

32,259

Charge for year

17,588

At 30 September 2017

49,847

NET BOOK VALUE

At 30 September 2017

65,759

At 30 September 2016

82,404

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

20,945

20,245

Other debtors

437

1,625

21,382

21,870

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

24,177

23,550

Hire purchase contracts

1,810

1,810

Taxation and social security

49,169

47,739

Other creditors

16,828

21,355

91,984

94,454

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

74,186

98,596

Hire purchase contracts

2,011

3,820

76,197

102,416

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,759

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

3,821

5,630

The hire purchase liability was secured on the assets to which it relates.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors: amounts falling due within one year were loans from the directors of £237 (2016:

£225). The loans were interest free with no fixed date for repayment.