Company Registration No. 06553747 (England and Wales)
DVS HEALTHCARE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2016
DVS HEALTHCARE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
DVS HEALTHCARE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
26 SEPTEMBER 2016
26 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
243,750
Tangible assets
2
-
4,475
-
248,225
Current assets
Stocks
-
105,000
Debtors
375,067
106,870
Cash at bank and in hand
17,875
1,273
392,942
213,143
Creditors: amounts falling due within one year
(369,593)
(367,470)
Net current assets/(liabilities)
23,349
(154,327)
Total assets less current liabilities
23,349
93,898
Creditors: amounts falling due after more than one year
-
(91,794)
Provisions for liabilities
-
(526)
23,349
1,578
Capital and reserves
Called up share capital
3
100
100
Share premium account
1,249
1,249
Profit and loss account
22,000
229
Shareholders' funds
23,349
1,578
DVS HEALTHCARE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
26 SEPTEMBER 2016
26 September 2016
- 2 -
For the financial year ended 26 September 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 for issue on 26 June 2017
V Chopra
Director
Company Registration No. 06553747
DVS HEALTHCARE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 26 SEPTEMBER 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).
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 services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life which is currently estimated at 5 years.
which is currently estimated at 5 years.
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
25% reducing balance
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
1.6
Revenue recognition
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for goods and services it has provided.
DVS HEALTHCARE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 26 SEPTEMBER 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 27 September 2015
375,000
19,923
394,923
Disposals
(375,000)
(19,923)
(394,923)
At 26 September 2016
-
-
-
Depreciation
At 27 September 2015
131,250
15,448
146,698
On disposals
(131,250)
(15,448)
(146,698)
At 26 September 2016
-
-
-
Net book value
At 26 September 2016
-
-
-
At 26 September 2015
243,750
4,475
248,225
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
99 Ordinary of £1 each
99
99
1 Ordinary A of £1 each
1
1
100
100