Church Road Dental Practice Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06460945 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2018 to 7 June 2018

for

Church Road Dental Practice Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

166,910

175,695

Tangible assets

5

33,779

34,944

200,689

210,639

Current assets

Stocks

10,056

1,500

Debtors

6

10,385

46,324

Cash at bank

170,339

179,624

190,780

227,448

Creditors

Amounts falling due within one year

7

26,098

40,792

Net current assets

164,682

186,656

Total assets less current liabilities

365,371

397,295

Provisions for liabilities

5,670

5,866

Net assets

359,701

391,429

Capital and reserves

Called up share capital

8

1,000

1,000

Retained earnings

358,701

390,429

Shareholders' funds

359,701

391,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 7 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 7 June 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 8 January 2019 and were signed on its behalf by:

C I Saunders - Director

1.	Statutory information

Church Road Dental Practice Limited 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:

06460945

Registered office:

6 Pittville Lawn

Cheltenham

Gloucestershire

GL52 2BD

The presentation currency of the financial statements is the Pound Sterling (£).

The accounting period covered by the financial statements is 1 April 2018 to 7 June 2018. The

comparative period is 1 April 2017 to 31 March 2018. The comparatives are not entirely comparable.

The period end date was changed to coincide with a change in ownership.

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.

Turnover is measured at the fair value of the consideration received or receivable net of VAT and

trade discounts.The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the

goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable

that the economic benefits associated with the transaction will flow to the company and the costs

incurred or to be incurred in respect of the transaction can be measured reliably.This is usually on

dispatch of the goods.

Rendering of services

When the outcome of a transaction involving the rendering of services can be reliably estimated,

revenue from the rendering of services is measured by reference to the stage of completion of the

service transaction at the end of the reporting period. When the outcome of a transaction involving the

rendering of services cannot be reliably estimated, revenue is recognised only to the extent that

expenses recognised are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of eleven years.

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

-

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.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost

includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its

present location and condition. Cost is calculated using the first-in, first-out formula. Provision is

made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the period 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 at the reporting date. Unrelieved tax

losses and other deferred tax assets are recognised to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is

measured using the tax rates and laws that have been enacted or substantively enacted by the reporting

date that are expected to apply to the reversal of the timing difference.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the period was 7 (2018 - 7 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2018

and 7 June 2018

585,650

Amortisation

At 1 April 2018

409,955

Amortisation for period

8,785

At 7 June 2018

418,740

Net book value

At 7 June 2018

166,910

At 31 March 2018

175,695

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 April 2018

and 7 June 2018

107,246

Depreciation

At 1 April 2018

72,302

Charge for period

1,165

At 7 June 2018

73,467

Net book value

At 7 June 2018

33,779

At 31 March 2018

34,944

6.

Debtors: amounts falling due within one year

2018

2018

£

£

Trade debtors

7,947

6,997

Other debtors

2,438

39,327

10,385

46,324

7.

Creditors: amounts falling due within one year

2018

2018

£

£

Payments on account

1,000

-

Trade creditors

7,940

7,693

Taxation and social security

9,086

27,997

Other creditors

8,072

5,102

26,098

40,792

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2018

value:

£

£

800

Ordinary A

£1

800

800

200

Ordinary B

£1

200

200

1,000

1,000

9.	Director's advances, credits and guarantees

During the period, the company advanced £2,600 (31 March 2018: £66,393) to the director and he

repaid £38,241 (31 March 2018: £84,325). At the period end, the director owed the company £nil (31

March 2018: £35,641). The advances were interest-free, unsecured and repayable on demand.