Company Registration No. 07282950 (England and Wales)
WANSBECK DENTAL SPA & IMPLANT CLINIC LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
WANSBECK DENTAL SPA & IMPLANT CLINIC LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
WANSBECK DENTAL SPA & IMPLANT CLINIC LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
87,783
109,729
Tangible assets
2
471,886
481,044
559,669
590,773
Current assets
Stocks
7,000
7,000
Debtors
221,077
282,113
Cash at bank and in hand
4,469
6,388
232,546
295,501
Creditors: amounts falling due within one year
(177,568)
(208,750)
Net current assets
54,978
86,751
Total assets less current liabilities
614,647
677,524
Creditors: amounts falling due after more than one year
(470,348)
(526,135)
Provisions for liabilities
(7,907)
(9,454)
136,392
141,935
Capital and reserves
Called up share capital
3
102
102
Profit and loss account
136,290
141,833
Shareholders' funds
136,392
141,935
WANSBECK DENTAL SPA & IMPLANT CLINIC LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
29 FEBRUARY 2016
29 February 2016
- 2 -
For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 13 September 2016
Dr R Varaich
Director
Company Registration No. 07282950
WANSBECK DENTAL SPA & IMPLANT CLINIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 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.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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 freehold
not provided
Office and dental equipment
20% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2015
293,916
564,491
858,407
Additions
-
4,221
4,221
At 29 February 2016
293,916
568,712
862,628
Depreciation
At 1 March 2015
184,187
83,447
267,634
Charge for the year
21,946
13,379
35,325
At 29 February 2016
206,133
96,826
302,959
Net book value
At 29 February 2016
87,783
471,886
559,669
At 28 February 2015
109,729
481,044
590,773
WANSBECK DENTAL SPA & IMPLANT CLINIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
102 Ordinary of £1 each
102
100
0 A Ordinary of £1 each
-
1
0 B Ordinary of £1 each
-
1
102
102