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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MAY 2016 TO 31 JULY 2017 |
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ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MAY 2016 TO 31 JULY 2017 |
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FOR |
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ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD |
ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD (REGISTERED NUMBER: 08310017) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2016 TO 31 JULY 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 1 MAY 2016 TO 31 JULY 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
1 Kings Avenue |
London |
N21 3NA |
ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD (REGISTERED NUMBER: 08310017) |
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BALANCE SHEET |
31 JULY 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD (REGISTERED NUMBER: 08310017) |
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BALANCE SHEET - continued |
31 JULY 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD (REGISTERED NUMBER: 08310017) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2016 TO 31 JULY 2017 |
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1. | STATUTORY INFORMATION |
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Anglesea Terrace Orthodontic Practice Ltd is a
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and Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company has adopted to apply FRS 102 1A from previously applicable "UK Generally Accepted |
Accounting Practice" for the period beginning 1 May 2016. No adjustments have been made at either the |
transition date or for the year ended 30 April 2016. |
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Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales made during the period. |
Sales are recognised at the point at which the company has fulfilled its contractual obligations and the |
risks and rewards attaching to the services, have been transferred to the customer. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2013 is being |
amortised evenly over the life of 10 years starting from 30 April 2016 after the adoption of "Financial |
Reporting Standard 102". |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at |
cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Improvements to property | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD (REGISTERED NUMBER: 08310017) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2016 TO 31 JULY 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates |
and laws that have been enacted or substantively enacted by the period end and that are expected to |
apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 May 2016 |
and 31 July 2017 |
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AMORTISATION |
At 1 May 2016 |
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Charge for period |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 30 April 2016 |
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ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD (REGISTERED NUMBER: 08310017) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2016 TO 31 JULY 2017 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Improvements | Fixtures |
Long | to | and | Computer |
leasehold | property | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 May 2016 |
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Additions |
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At 31 July 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for period |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 30 April 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Directors' current accounts | 6,461 | - |
Deferred tax asset |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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Other creditors |
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Net wages | 4,341 | 3,922 |
Directors' current accounts | - | 11,891 |
Accrued expenses |
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ANGLESEA TERRACE ORTHODONTIC PRACTICE |
LTD (REGISTERED NUMBER: 08310017) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2016 TO 31 JULY 2017 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Bank loans - 1-2 years |
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9. | RELATED PARTY DISCLOSURES |
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Included in debtors, amounts falling due within one year, is a balance of £356,120 (2015: £258,426) due |
from a connected company. |
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Included in debtors, amounts falling due within one year, is a balance of £6,461 (2016: £11,891 in credit) |
due from the director of the company. During the year, interest amounting to £964 (2015: £927) at |
official interest rate of 3% per annum was charged for the period when the directors loan account was |
overdrawn. |
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