Molarcare Limited - Accounts to registrar (filleted) - small 18.2
Molarcare Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
MOLARCARE LIMITED |
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MOLARCARE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
207 Knutsford Road |
Grappenhall |
Warrington |
Cheshire |
WA4 2QL |
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530) |
ABRIDGED BALANCE SHEET |
31 MARCH 2018 |
31/3/18 | 31/3/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530) |
ABRIDGED BALANCE SHEET - continued |
31 MARCH 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
1. | STATUTORY INFORMATION |
Molarcare Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 31 March 2018 |
DEPRECIATION |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 | 1,519,336 |
At 31 March 2017 | 1,519,336 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31/3/18 | 31/3/17 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/3/18 | 31/3/17 |
£ | £ |
Bank loans |
The bank loan is secured by fixed and floating charges over all property and undertakings of the company. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/18 | 31/3/17 |
value: | £ | £ |
Ordinary | £1.00 | 100 | 100 |
MOLARCARE LIMITED (REGISTERED NUMBER: 08275530) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The director, Mr A Patel, received an unsecured loan from the company. There are no fixed repayment terms. |
The balance at the year ended 31st March 2018 was £9,889 (2017 £9,214). |
During the year the director received dividends totalling £98,000. |
10. | RELATED PARTY DISCLOSURES |
During the year, the company received associate income of £70,429 and management charge income of £34,000 |
(2017 - £39,000) from City Way Dental, a business of which the Director, Mr A Patel, is a partner. |
The company received associate income of £75,522 (2017 18,662) and management charge income of £10,000 |
(2017 - £32,000) from its 100% subsidiary, Oradent Kent Limited. A balance of £9,293 (2017 - £4,048) was |
outstanding at the year end and is included within debtors. |
In the prior year, there was a balance of £66,807 outstanding to Oradent Kent Limited at 31 March 2017. During |
the year ended 31 March 2018, the company received a dividend of £405,395 from Oradent Kent Limited and |
the intercompany balance was cleared in full. |