Company Registration No. 05726456 (England and Wales)
Clinic Voot Limited
Financial Statements
for the year ended 31 March 2017
Clinic Voot Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Clinic Voot Limited
Balance sheet
as at 31 March 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
4
396
528
Current assets
Debtors
5
187
187
Cash at bank and in hand
3,640
1,906
3,827
2,093
Creditors: amounts falling due within one year
6
(4,202)
(3,480)
Net current liabilities
(375)
(1,387)
Total assets less current liabilities
21
(859)
Capital and reserves
Called up share capital
7
5
5
Profit and loss reserves
16
(864)
Total equity
21
(859)
Clinic Voot Limited
Balance sheet (continued)
as at 31 March 2017
- 2 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 7 December 2017 and are signed on its behalf by:
Mr H Buttoo
Director
Company Registration No. 05726456
Clinic Voot Limited
Notes to the financial statements
for the year ended 31 March 2017
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
Turnover is recognised on the provision of services to customers.
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 5 (2016 - 5).
Clinic Voot Limited
Notes to the financial statements (continued)
for the year ended 31 March 2017
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2016 and 31 March 2017
25,000
Amortisation and impairment
At 1 April 2016 and 31 March 2017
25,000
Carrying amount
At 31 March 2017
-
At 31 March 2016
-
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2016 and 31 March 2017
8,029
Depreciation and impairment
At 1 April 2016
7,501
Depreciation charged in the year
132
At 31 March 2017
7,633
Carrying amount
At 31 March 2017
396
At 31 March 2016
528
5
Debtors
2017
2016
Amounts falling due within one year:
£
£
Corporation tax recoverable
187
187
Clinic Voot Limited
Notes to the financial statements (continued)
for the year ended 31 March 2017
- 5 -
6
Creditors: amounts falling due within one year
2017
2016
£
£
Corporation tax
1,964
275
Other taxation and social security
-
389
Other creditors
2,238
2,816
4,202
3,480
7
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
5 Ordinary of £1 each
5
5