Elliot-Smith Clinic Limited - Period Ending 2016-03-31

Registration number: 01792490

Elliot-Smith Clinic Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Elliot-Smith Clinic Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Elliot-Smith Clinic Limited
(Registration number: 01792490)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Current assets
Cash at bank and in hand					142,486			164,856
Creditors: Amounts falling due within one year					(600)			(600)
Net assets					141,886			164,256
Capital and reserves
Called up share capital		2			8			8
Other reserves					201,976			201,976
Profit and loss account					(60,098)			(37,728)
Shareholders' funds					141,886			164,256

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 29 November 2016 and signed on its behalf by:

.........................................
T Stein
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Elliot-Smith Clinic Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The financial statements have been prepared on a going concern basis. However, the main activity of the company ceased with effect from 31st December 2013. The company continues to exist after that date to monitor its patients.

Turnover

Turnover represents the total invoice value of sales made during the year.

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		8			8			8			8

Page 2