Acacia Dental Practice Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08055375 (England and Wales)

Abbreviated Accounts for the Period 1 June 2014 to 31 March 2015

for

Acacia Dental Practice Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Parsons

Mrs M Parsons

SECRETARY:

R J Parsons

REGISTERED OFFICE:

6 Link Way

Howsell Road

Malvern Link

Malvern

Worcestershire

WR14 1UQ

REGISTERED NUMBER:

08055375 (England and Wales)

ACCOUNTANTS:

Meigh Mansbridge & Co

6 Link Way

Howsell Road

Malvern

Worcestershire

WR14 1UQ

FIXED ASSETS

Intangible assets

2

96,916

109,030

Tangible assets

3

96,497

42,002

193,413

151,032

CURRENT ASSETS

Debtors

4,450

2,504

Cash at bank and in hand

66,546

88,246

70,996

90,750

CREDITORS

Amounts falling due within one year

85,470

98,811

NET CURRENT LIABILITIES

(14,474

)

(8,061

)

TOTAL ASSETS LESS CURRENT LIABILITIES

178,939

142,971

CREDITORS

Amounts falling due after more than one year

4

(94,379

)

(102,029

)

PROVISIONS FOR LIABILITIES

(7,575

)

(7,056

)

NET ASSETS

76,985

33,886

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

76,983

33,884

SHAREHOLDERS' FUNDS

76,985

33,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 December 2015 and were signed on its behalf by:

Mrs M Parsons - Director

R J Parsons - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 March 2015

121,145

AMORTISATION

At 1 June 2014

12,115

Amortisation for period

12,114

At 31 March 2015

24,229

NET BOOK VALUE

At 31 March 2015

96,916

At 31 May 2014

109,030

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

52,503

Additions

65,644

At 31 March 2015

118,147

DEPRECIATION

At 1 June 2014

10,501

Charge for period

11,149

At 31 March 2015

21,650

NET BOOK VALUE

At 31 March 2015

96,497

At 31 May 2014

42,002

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

45,809

55,085

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

1

2

2

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the directors, Mr and Mrs R J Parsons, a balance of £55,729 in

respect of a loan account with the company (2014 - £56,411). This is included in other creditors in the

financial statements.