Hove Skin Clinic Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07208565 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

HOVE SKIN CLINIC LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Dr R Emerson

Dr F Emerson

REGISTERED OFFICE:

63 High Street

Hurstpierpoint

West Sussex

BN6 9RE

REGISTERED NUMBER:

07208565 (England and Wales)

ACCOUNTANTS:

Sykes Dalby & Truelove Limited

Chartered Accountants

63 High Street

Hurstpierpoint

West Sussex

BN6 9RE

FIXED ASSETS

Intangible assets

2

1,973,333

2,293,333

Tangible assets

3

77,549

101,853

2,050,882

2,395,186

CURRENT ASSETS

Stocks

12,000

22,000

Debtors

252,522

96,650

Cash at bank and in hand

311,124

324,166

575,646

442,816

CREDITORS

Amounts falling due within one year

4

1,295,734

2,098,910

NET CURRENT LIABILITIES

(720,088

)

(1,656,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,330,794

739,092

CREDITORS

Amounts falling due after more than one year

4

(17,010

)

(74,106

)

PROVISIONS FOR LIABILITIES

(12,558

)

(18,458

)

NET ASSETS

1,301,226

646,528

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

1,301,126

646,428

SHAREHOLDERS' FUNDS

1,301,226

646,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 December 2014 and were signed on its behalf by:

Dr F Emerson - Director

Dr R Emerson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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

-

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.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

3,200,000

AMORTISATION

At 1 April 2013

906,667

Amortisation for year

320,000

At 31 March 2014

1,226,667

NET BOOK VALUE

At 31 March 2014

1,973,333

At 31 March 2013

2,293,333

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

223,119

Additions

3,804

At 31 March 2014

226,923

DEPRECIATION

At 1 April 2013

121,266

Charge for year

28,108

At 31 March 2014

149,374

NET BOOK VALUE

At 31 March 2014

77,549

At 31 March 2013

101,853

4.

CREDITORS

Creditors include an amount of £ 74,094 (31.3.13 - £ 131,190 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary Shares

£1

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period £730,000 (2013 : £552,059) was invoiced to Sussex Community Dermatology Service

Limited for the supply of medical and nursing staff, medical consumables,drugs and administration costs.

Sussex Community Dermatology Service Limited is owned by Dr R Emerson and Dr F Emerson, who are

directors of both companies. All monies paid related to the provision of healthcare services for contracted

NHS services provided by Sussex Community Dermatology Service Limited as an 'Any Willing Provider of

medical NHS care'.

During the period £60,000 was invoiced to Brighton Laser Clinic Limited for the supply of medical and

nursing staff, medical consumables,drugs and administration costs. Brighton Laser Clinic Limited is owned

by Dr R Emerson and Dr F Emerson, who are directors of both companies.

The Company premises are owned by a SSAS Company Pension Scheme in favour of the Directors. A market

rent is paid to the SSAS amounting to £40,000 (2013 : 37,300)