Company Registration No. SC316426 (Scotland)
SCOTTISH CENTRE FOR EXCELLENCE IN DENTISTRY LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
SCOTTISH CENTRE FOR EXCELLENCE IN DENTISTRY LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SCOTTISH CENTRE FOR EXCELLENCE IN DENTISTRY LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
330,758
353,737
Current assets
Stocks
45,820
44,331
Debtors
33,125
12,719
Cash at bank and in hand
325,703
519,304
404,648
576,354
Creditors: amounts falling due within one year
(215,065)
(207,704)
Net current assets
189,583
368,650
Total assets less current liabilities
520,341
722,387
Provisions for liabilities
(29,080)
(30,227)
491,261
692,160
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
491,259
692,158
Shareholders' funds
491,261
692,160
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 for issue on 28 November 2016
Mr A Ali
Mr S Muir
Director
Director
Company Registration No. SC316426
SCOTTISH CENTRE FOR EXCELLENCE IN DENTISTRY LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
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
Turnover
Turnover represents amounts invoiced during the year.
invoiced during the year.
1.3
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:
Computer equipment
3 years straight line
Fixtures, fittings & equipment
15% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
818,583
Additions
36,222
At 31 March 2016
854,805
Depreciation
At 1 April 2015
464,846
Charge for the year
59,201
At 31 March 2016
524,047
Net book value
At 31 March 2016
330,758
At 31 March 2015
353,737
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary shares of 1p each
2
2