ACHRAY_LIMITED - Accounts

ACHRAY LIMITED - Company Information

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Company Registration No. SC374593 (Scotland)

ACHRAY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

ACHRAY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ACHRAY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

130

Investments

100

230

Current assets

Debtors

551,547

546,820

Cash at bank and in hand

215,902

80,293

767,449

627,113

Creditors: amounts falling due within one year

(140,024)

(16,188)

Net current assets

627,425

610,925

Total assets less current liabilities

627,525

611,155

Capital and reserves

Called up share capital

100

Profit and loss account

627,425

611,055

Shareholders' funds

627,525

611,155

For the financial year ended 31 March 2015 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 and authorised for issue on 16 December 2015

M Hamilton

Director

Company Registration No. SC374593

ACHRAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Fixtures, fittings & equipment

25% straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ACHRAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2014 & at 31 March 2015

1,391

100

1,491

Depreciation

At 1 April 2014

1,261

Charge for the year

130

At 31 March 2015

1,391

Net book value

At 31 March 2015

100

At 31 March 2014

130

100

230

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

Edinburgh Orthodontics Limited

Scotland

Ordinary

33.33

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Edinburgh Orthodontics Limited

Orthodontic Services

16,330

481,140

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100