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Willow Farm Osteopathic Clinic Limited
05469386
2016-03-31
5
3
105
103
100
100
105
103
1519
935
1624
1038
-10595
-8761
14678
11455
4083
2694
408
354
263
309
3412
2031
12219
9799
4625
5125
7594
4674
Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-5% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Equipment
reducing balance
0.2500
10000
10000
5375
4875
500
17808
12347
5461
10214
7673
2541
27808
22347
5461
15589
12548
3041
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2016-09-01
Caroline De Wilde
true
true
true
true
xbrli:shares
iso4217:GBP
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Willow Farm Osteopathic Clinic Limited
2015-04-01
2016-03-31
Willow Farm Osteopathic Clinic Limited
2014-04-01
2015-03-31
Willow Farm Osteopathic Clinic Limited
2014-03-31
Willow Farm Osteopathic Clinic Limited
2015-03-31
Willow Farm Osteopathic Clinic Limited
2015-03-31
Willow Farm Osteopathic Clinic Limited
2016-03-31
2016-09-06