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 2016

ACHRAY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ACHRAY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,199

Investments

100

1,299

100

Current assets

Debtors

536,203

551,547

Cash at bank and in hand

259,752

215,902

795,955

767,449

Creditors: amounts falling due within one year

(146,758)

(82,024)

Net current assets

649,197

685,425

Total assets less current liabilities

650,496

685,525

Capital and reserves

Called up share capital

100

Profit and loss account

650,396

685,425

Shareholders' funds

650,496

685,525

For the financial year ended 31 March 2016 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 for issue on 29 November 2016

M Hamilton

Director

Company Registration No. SC374593

ACHRAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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.

ACHRAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

1,391

100

1,491

Additions

1,599

At 31 March 2016

2,990

100

3,090

Depreciation

At 1 April 2015

1,391

Charge for the year

400

At 31 March 2016

1,791

Net book value

At 31 March 2016

1,199

100

1,299

At 31 March 2015

100

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

2016

Principal activity

Edinburgh Orthodontics Limited

Orthodontic Services

16,551

543,221

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100