Limegrove Dental Care Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08139388 (England and Wales)

LIMEGROVE DENTAL CARE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

Page

Abridged Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

5

FIXED ASSETS

Intangible assets

4

166,874

199,964

Tangible assets

5

10,574

11,845

177,448

211,809

CURRENT ASSETS

Stocks

2,988

3,049

Debtors

53,873

51,728

Cash at bank and in hand

71,760

95,935

128,621

150,712

CREDITORS

Amounts falling due within one year

(76,934

)

(79,963

)

NET CURRENT ASSETS

51,687

70,749

TOTAL ASSETS LESS CURRENT LIABILITIES

229,135

282,558

CREDITORS

Amounts falling due after more than one year

6

(77,403

)

(97,485

)

PROVISIONS FOR LIABILITIES

(1,309

)

(1,564

)

NET ASSETS

150,423

183,509

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

150,323

183,409

SHAREHOLDERS' FUNDS

150,423

183,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 19 November 2018 and were signed by:

Mrs S J Briddon - Director

1.	STATUTORY INFORMATION

Limegrove Dental Care Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

08139388

Registered office:

2 Limegrove Walk

Matlock

Derbyshire

DE4 3FD

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.

The financial statements have been prepared on a going concern basis. The director considers that there are no

material uncertainties which may cast significant doubt about the ability of the company to continue as a going

concern.

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 2012, is being amortised evenly over its estimated useful life of ten years.

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

-

20% 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.

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 11 (2017 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2017

and 30 April 2018

330,900

AMORTISATION

At 1 May 2017

130,936

Amortisation for year

33,090

At 30 April 2018

164,026

NET BOOK VALUE

At 30 April 2018

166,874

At 30 April 2017

199,964

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2017

21,391

Additions

810

At 30 April 2018

22,201

DEPRECIATION

At 1 May 2017

9,546

Charge for year

2,081

At 30 April 2018

11,627

NET BOOK VALUE

At 30 April 2018

10,574

At 30 April 2017

11,845

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2018

2017

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

17,485

7.	RELATED PARTY DISCLOSURES

The bank overdraft and loans are secured by directors personal guarantee.

Under Other Creditors on the balance sheet are Directors loans of £1,290 (2017: £4,477). These are interest

free, unsecured and with no fixed repayment date.

There have been no material transactions with any related parties, other than those with the directors.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.