Queens Drive Dental Practice Ltd - Accounts to registrar (filleted) - small 18.2

Queens Drive Dental Practice Ltd - Accounts to registrar (filleted) - small 18.2

QUEENS DRIVE DENTAL PRACTICE LTD - Company Information

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REGISTERED NUMBER: SC313864 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

QUEENS DRIVE DENTAL PRACTICE LTD
QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUEENS DRIVE DENTAL PRACTICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: M J Skimming
Mrs C J Skimming





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC313864 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ
Page 1
QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 135,000 150,000
Tangible assets 5 61,306 76,976
196,306 226,976

CURRENT ASSETS
Stocks - 20,000
Debtors 6 6,640 35,244
Cash at bank and in hand 19,855 7,722
26,495 62,966
CREDITORS
Amounts falling due within one year 7 89,829 119,077
NET CURRENT LIABILITIES (63,334 ) (56,111 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
132,972
170,865

CREDITORS
Amounts falling due after more than one year 8 - 12,757
NET ASSETS 132,972 158,108

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 132,872 158,008
132,972 158,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

BALANCE SHEET - continued
31 MARCH 2018


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.

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

The financial statements were approved by the Board of Directors on 20 December 2018 and were signed on its behalf by:





M J Skimming - Director


The notes form part of these financial statements

Page 3
QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Queens Drive Dental Practice Ltd is a private company, limited by shares , registered in Scotland. The company's registered
number and registered office address can be found on the Company Information page.

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.

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 2007, is being amortised evenly over its estimated useful life of twenty 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 - 15% on a reducing balance basis

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.

Page 4 continued...
QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 300,000
AMORTISATION
At 1 April 2017 150,000
Amortisation for year 15,000
At 31 March 2018 165,000
NET BOOK VALUE
At 31 March 2018 135,000
At 31 March 2017 150,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2017 173,301
Additions 4,275
Disposals (10,736 )
At 31 March 2018 166,840
DEPRECIATION
At 1 April 2017 96,325
Charge for year 12,188
Eliminated on disposal (2,979 )
At 31 March 2018 105,534
NET BOOK VALUE
At 31 March 2018 61,306
At 31 March 2017 76,976

Page 5 continued...
QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 31,444
Other debtors 6,640 3,800
6,640 35,244

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts - 7,387
Trade creditors 7,089 24,173
Amounts owed to associates 73,634 -
Taxation and social security 6,106 19,257
Other creditors 3,000 68,260
89,829 119,077

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts - 12,757

Page 6