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ADC Golspie Practice Limited
SC320499
2016-03-31
11472
10310
11672
10510
200
200
11672
10510
70023
76096
81695
86606
-13955
-12062
43650
41564
29695
29502
18095
19732
10500
9770
1100
0
95650
98668
4000
8000
91650
90668
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 January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
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-10%
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & Machinery
25% Reducing Balance
0.2500
Office Equipment
15% Reducing Balance
0.1500
40000
40000
36000
32000
4000
139452
135427
4025
47802
44759
3043
The directors believe the investment property is included at year-end at it's market value, and therefore the property is valued correctly in the accounts.
179452
175427
4025
83802
76759
7043
The directors believe the investment property is included at year-end at it's market value, and therefore the property is valued correctly in the accounts.
70023
76096
44391
50981
Ordinary A
500000
1
500000
500000
Ordinary B
500000
1
500000
500000
Ordinary A
1
100
100
100
Ordinary B
1
100
100
100
The company was under the control of Mr & Mrs Dziamecki throughout the current year. Mr & Mrs Dziamecki are the only shareholders.
At year-end the directors' current account balance was £134 (2015 - £167Cr).
The directors' current account movements were as follows:
2016
Opening Balance167
Amounts credited to the14,596
directors' loan accounts
Amounts debited to the(14,629)
directors' loan accounts
---------
134
=======
The maximum amount during the year that the directors' current accounts were overdrawn by was £9,921.83.
Dividends of £38,300 (2015 - £33,600) were paid to the directors in this financial year.
2016-11-25
Mrs Dziamecka-Ciunel
Mr Dziamecki
Director
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true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
ADC Golspie Practice Limited
2015-04-01
2016-03-31
ADC Golspie Practice Limited
2014-04-01
2015-03-31
ADC Golspie Practice Limited
2014-03-31
ADC Golspie Practice Limited
2015-03-31
ADC Golspie Practice Limited
2015-03-31
ADC Golspie Practice Limited
2016-03-31
2016-12-13