Company Registration No. 06476488 (England and Wales)
FOLKESTONE AND DOVER ORTHODONTICS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
FOLKESTONE AND DOVER ORTHODONTICS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
FOLKESTONE AND DOVER ORTHODONTICS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
210,000
227,500
Tangible assets
2
42,261
46,450
252,261
273,950
Current assets
Stocks
2,283
3,950
Debtors
576,289
458,069
Cash at bank and in hand
4,389
21,012
582,961
483,031
Creditors: amounts falling due within one year
(80,286)
(88,439)
Net current assets
502,675
394,592
Total assets less current liabilities
754,936
668,542
Provisions for liabilities
(1,255)
(1,674)
753,681
666,868
Capital and reserves
Called up share capital
3
99
99
Profit and loss account
753,582
666,769
Shareholders' funds
753,681
666,868
FOLKESTONE AND DOVER ORTHODONTICS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 19 December 2016
Mr P D Dineen
Director
Company Registration No. 06476488
FOLKESTONE AND DOVER ORTHODONTICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Compliance with accounting standards The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and servi ces .
ces
.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
4% straight line
Plant and machinery
25% reducing balance
1.6
Pensions The company pays superannuation into the NHS pension scheme for th e benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
The company
pays superannuation into the NHS pension scheme for th
e benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
350,000
100,825
450,825
Depreciation
At 1 April 2015
122,500
54,375
176,875
Charge for the year
17,500
4,189
21,689
At 31 March 2016
140,000
58,564
198,564
Net book value
At 31 March 2016
210,000
42,261
252,261
At 31 March 2015
227,500
46,450
273,950
FOLKESTONE AND DOVER ORTHODONTICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
99 Ordinary Shares of £1 each
99
99
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Loan - P D Dineen
-
354,473
181,272
-
91,038
444,707
354,473
181,272
-
91,038
444,707