Registered Number 08153774

THE FOUNDATION SKIN CLINIC LTD

Abbreviated Accounts

31 July 2014

THE FOUNDATION SKIN CLINIC LTD Registered Number 08153774

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,585 226
1,585 226
Current assets
Debtors 7,415 2,783
Cash at bank and in hand 44,932 48,136
52,347 50,919
Creditors: amounts falling due within one year (5,327) (17,086)
Net current assets (liabilities) 47,020 33,833
Total assets less current liabilities 48,605 34,059
Provisions for liabilities (334) (48)
Total net assets (liabilities) 48,271 34,011
Capital and reserves
Called up share capital 3 60 60
Profit and loss account 48,211 33,951
Shareholders' funds 48,271 34,011
  • For the year ending 31 July 2014 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 9 February 2015

And signed on their behalf by:
S Wong, Director

THE FOUNDATION SKIN CLINIC LTD Registered Number 08153774

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total fees receivable in the year and derives from the provision of services falling within the companys ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Equipment - 25% straight line

Other accounting policies
Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2 Tangible fixed assets
£
Cost
At 1 August 2013 301
Additions 1,913
Disposals -
Revaluations -
Transfers -
At 31 July 2014 2,214
Depreciation
At 1 August 2013 75
Charge for the year 554
On disposals -
At 31 July 2014 629
Net book values
At 31 July 2014 1,585
At 31 July 2013 226
3 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
60 Ordinary shares of £1 each 60 60

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