Orthodontic & Facial London Care Limited Filleted accounts for Companies House (small and micro)
Orthodontic & Facial London Care Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07655024
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
7 |
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Tangible assets |
8 |
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-------- |
-------- |
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Current assets
Debtors |
9 |
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Investments |
10 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
11 |
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--------- |
--------- |
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Net current assets |
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--------- |
-------- |
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Total assets less current liabilities |
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--------- |
-------- |
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Net assets |
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--------- |
-------- |
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Capital and reserves
Called up share capital |
12 |
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Profit and loss account |
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--------- |
-------- |
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Shareholders funds |
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--------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
5 November 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
07655024
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Notes to the Financial Statements |
Year ended 30 June 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 8, Charles Harrod Court, 2 Somerville Avenue, London, SW13 8HH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Investments
Investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments are reviewed for indicators of impairment at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have been made by management in preparing these financial statements.
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
).
5.
Tax on profit
Major components of tax expense
2019 |
2018 |
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£ |
£ |
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Current tax:
UK current tax expense |
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-------- |
-------- |
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Tax on profit |
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-------- |
-------- |
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Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is higher than (2018: higher than) the
standard rate of corporation tax in the UK
of
0.19
% (2018:
0.19
%).
2019 |
2018 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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--------- |
--------- |
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Profit on ordinary activities by rate of tax |
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
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--------- |
--------- |
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Tax on profit |
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--------- |
--------- |
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6.
Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2019 |
2018 |
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£ |
£ |
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Dividends on equity shares |
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-------- |
-------- |
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7.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 July 2018 and 30 June 2019 |
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--------- |
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Amortisation |
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At 1 July 2018 |
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Charge for the year |
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--------- |
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At 30 June 2019 |
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--------- |
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Carrying amount |
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At 30 June 2019 |
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--------- |
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At 30 June 2018 |
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--------- |
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8.
Tangible assets
Equipment |
Total |
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£ |
£ |
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Cost |
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At 1 July 2018 and 30 June 2019 |
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Depreciation |
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At 1 July 2018 |
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Charge for the year |
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-------- |
-------- |
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At 30 June 2019 |
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-------- |
-------- |
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Carrying amount |
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At 30 June 2019 |
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-------- |
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At 30 June 2018 |
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-------- |
-------- |
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9.
Debtors
2019 |
2018 |
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£ |
£ |
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Other debtors |
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-------- |
-------- |
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10.
Investments
2019 |
2018 |
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£ |
£ |
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Other investments |
14,500 |
17,500 |
-------- |
-------- |
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11.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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-------- |
--------- |
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-------- |
--------- |
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12.
Called up share capital
Issued, called up and fully paid
2019 |
2018 |
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No. |
£ |
No. |
£ |
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1.00 |
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1.00 |
---- |
----- |
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----- |
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13.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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--------- |
-------- |
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2018 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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-------- |
------- |
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14.
Related party transactions
During the year a dividend of £75,000 was paid to
Ms F Jean-Joseph
, the director of the company. Included within other creditors is £30,678 owed to Ms F Jean-Joseph
, the director of the company. This amount is unsecured, interest free and repayable on demand.
15.
Controlling party
The company is controlled by
Ms F Jean-Joseph
, the director of the company, by virtue of her holding of 100% of the company's issued share capital.