The Angel Laser Clinic Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07763822 (England and Wales)

THE ANGEL LASER CLINIC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Ms D Simms

Registered office:

Moorgate House

7b Station Road West

Oxted

Surrey

RH8 9EE

Registered number:

07763822 (England and Wales)

Accountants:

M. Parmar & Co.

Chartered Accountants

First Floor

244 Edgware Road

London

W2 1DS

Fixed assets

Tangible assets

4

52,264

68,566

Current assets

Debtors

5

16,032

17,376

Cash at bank and in hand

340,885

218,501

356,917

235,877

Creditors

Amounts falling due within one year

6

104,335

120,675

Net current assets

252,582

115,202

Total assets less current liabilities

304,846

183,768

Provisions for liabilities

10,061

13,713

Net assets

294,785

170,055

Capital and reserves

Called up share capital

7

100

Retained earnings

8

294,685

169,955

Shareholders' funds

294,785

170,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 June 2018 and were signed by:

Ms D Simms - Director

1.	Statutory information

The Angel Laser Clinic Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 7 (2016 - 7 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 January 2017

202,885

Additions

1,119

At 31 December 2017

204,004

Depreciation

At 1 January 2017

134,319

Charge for year

17,421

At 31 December 2017

151,740

Net book value

At 31 December 2017

52,264

At 31 December 2016

68,566

5.

Debtors: amounts falling due within one year

2017

2016

£

Other debtors

16,032

17,376

6.

Creditors: amounts falling due within one year

2017

2016

£

Trade creditors

-

2,157

Taxation and social security

66,553

61,074

Other creditors

37,782

57,444

104,335

120,675

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

100

Ordinary

£1

100

8.

Reserves

Retained

earnings

£

At 1 January 2017

169,955

Profit for the year

154,730

Dividends

(30,000

)

At 31 December 2017

294,685

The Angel Laser Clinic Limited - Accounts to registrar (filleted) - small 18.1

The Angel Laser Clinic Limited - Accounts to registrar (filleted) - small 18.1