Winning Smiles (Gillingham) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07284151 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

Winning Smiles (Gillingham) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M W M Hawkins

SECRETARY:

Mrs S M Hawkins

REGISTERED OFFICE:

Middlefield House

Marlott Road

Peace Marsh

GILLINGHAM

Dorset

SP8 4FA

REGISTERED NUMBER:

07284151 (England and Wales)

ACCOUNTANTS:

A C Mole & Sons

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

2

339,201

360,401

Tangible assets

3

64,266

67,831

403,467

428,232

CURRENT ASSETS

Stocks

29,655

15,694

Debtors

164,336

43,563

Cash at bank and in hand

26,324

46,552

220,315

105,809

CREDITORS

Amounts falling due within one year

4

254,637

326,471

NET CURRENT LIABILITIES

(34,322

)

(220,662

)

TOTAL ASSETS LESS CURRENT LIABILITIES

369,145

207,570

CREDITORS

Amounts falling due after more than one year

4

(59,506

)

-

PROVISIONS FOR LIABILITIES

(4,242

)

(3,064

)

NET ASSETS

305,397

204,506

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

305,297

204,406

SHAREHOLDERS' FUNDS

305,397

204,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 3 January 2015 and were signed by:

Mr M W M Hawkins - 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 invoiced sales of goods and services.

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 twenty years.

The business was purchased from a related party, Mr M W M Hawkins.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 July 2013

and 30 June 2014

424,001

AMORTISATION

At 1 July 2013

63,600

Amortisation for year

21,200

At 30 June 2014

84,800

NET BOOK VALUE

At 30 June 2014

339,201

At 30 June 2013

360,401

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

110,896

Additions

9,031

At 30 June 2014

119,927

DEPRECIATION

At 1 July 2013

43,065

Charge for year

12,596

At 30 June 2014

55,661

NET BOOK VALUE

At 30 June 2014

64,266

At 30 June 2013

67,831

4.

CREDITORS

Creditors include an amount of £ 85,113 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

90

Ordinary A

£1

90

90

10

Ordinary B

£1

10

10

100

100