SUMMERSTOWN DENTAL CENTRE LIMITED

SUMMERSTOWN DENTAL CENTRE LIMITED

SUMMERSTOWN DENTAL CENTRE LIMITED - Company Information

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SUMMERSTOWN DENTAL CENTRE LIMITED

Company Registration Number:
07181280 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

SUMMERSTOWN DENTAL CENTRE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

SUMMERSTOWN DENTAL CENTRE LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 92,083 134,583
Tangible assets: 3 25,304 30,200
Total fixed assets: 117,387 164,783
Current assets
Debtors:   1,688 7,511
Cash at bank and in hand: 635,014 451,516
Total current assets: 636,702 459,027
Creditors: amounts falling due within one year:   (65,706) (63,507)
Net current assets (liabilities): 570,996 395,520
Total assets less current liabilities: 688,383 560,303
Total net assets (liabilities): 688,383 560,303
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 588,383 460,303
Shareholders funds: 688,383 560,303

The notes form part of these financial statements

SUMMERSTOWN DENTAL CENTRE LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 September 2018
and signed on behalf of the board by:

Name: D Shah
Status: Director

The notes form part of these financial statements

SUMMERSTOWN DENTAL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:If there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, overthe useful life of that asset as follows:If there is an indication that there has been a significant change in amortisation rate, useful life orresidual value of an intangible asset, the amortisation is revised prospectively to reflect the newestimates.

Valuation and information policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss.

SUMMERSTOWN DENTAL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Intangible Assets

Total
Cost £
At 01 April 2017 425,000
At 31 March 2018 425,000
Amortisation
At 01 April 2017 290,417
Charge for year 42,500
At 31 March 2018 332,917
Net book value
At 31 March 2018 92,083
At 31 March 2017 134,583

SUMMERSTOWN DENTAL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Tangible Assets

Total
Cost £
At 01 April 2017 102,915
Additions 1,430
At 31 March 2018 104,345
Depreciation
At 01 April 2017 72,715
Charge for year 6,326
At 31 March 2018 79,041
Net book value
At 31 March 2018 25,304
At 31 March 2017 30,200