Aura Centre of Dental Excellence & Facial Aesthetics Limited
Aura Centre of Dental Excellence & Facial Aesthetics Limited
Registered number: 08958229
Unaudited Financial Statements
For The Year Ended 31 March 2018
Taylor Roberts
Unit 9b
Upper Wingbury Farm
Wingrave
Aylesbury
HP22 4LW
Aura Centre of Dental Excellence & Facial Aesthetics Limited
Unaudited Financial Statements
For The Year Ended 31 March 2018
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—7 |
Aura Centre of Dental Excellence & Facial Aesthetics Limited
Balance Sheet
As at
31 March 2018
Balance Sheet
Registered number:
08958229
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 3 |
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Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 7 |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 158,424 | 78,413 | |||
Page 1
Aura Centre of Dental Excellence & Facial Aesthetics Limited
Balance Sheet (continued)
As at
31 March 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 7 form part of these financial statements.
Page 2
Aura Centre of Dental Excellence & Facial Aesthetics Limited
Notes to the Financial Statements
For The Year Ended 31 March 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of fifteen years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold |
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Fixtures & Fittings |
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Computer Equipment |
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1.5.
Financial Instruments
Debt instruments (other than those wholly repayable or receivable within one year, and loans from directors who are also shareholders), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, and loans from directors who are also shareholders, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Page 3
Aura Centre of Dental Excellence & Facial Aesthetics Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
1.6.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.7.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.
Average Number of Employees
Average number of employees, including directors, during the year was 5 (2017: 5).
Page 4
Aura Centre of Dental Excellence & Facial Aesthetics Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
3.
Intangible Assets
Goodwill | |||
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Cost | |||
As at |
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As at |
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Amortisation | |||
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Provided during the period |
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As at |
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Net Book Value | |||
As at |
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As at |
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4.
Tangible Assets
Land & Property | ||||
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Leasehold | Fixtures & Fittings | Computer Equipment | Total | |
£ | £ | £ | £ | |
Cost | ||||
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Additions |
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As at |
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Depreciation | ||||
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Provided during the period |
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As at |
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Net Book Value | ||||
As at |
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As at |
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Page 5
Aura Centre of Dental Excellence & Facial Aesthetics Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
5.
Debtors
2018 | 2017 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors | 27,929 | 24,000 | |
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6.
Creditors: Amounts Falling Due Within One Year
2018 | 2017 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Other creditors | 45,506 | 28,500 | |
Taxation and social security | 25,424 | 19,844 | |
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7.
Creditors: Amounts Falling Due After More Than One Year
2018 | 2017 | ||
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£ | £ | ||
Bank loans |
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Other creditors | 307,903 | 362,446 | |
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8.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
2018 | 2017 | ||
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£ | £ | ||
Bank loans and overdrafts | 131,481 | 204,202 |
Page 6
Aura Centre of Dental Excellence & Facial Aesthetics Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
10.
General Information
Aura Centre of Dental Excellence & Facial Aesthetics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08958229 . The registered office is Taylor Roberts, Unit 9b, Upper Wingbury Farm, Wingrave, Aylesbury, Buckinghamshire, HP22 4LW.
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