Registered Number 06420187

MILESTONES CLINIC LIMITED

Abbreviated Accounts

30 November 2012

MILESTONES CLINIC LIMITED Registered Number 06420187

Abbreviated Balance Sheet as at 30 November 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 3,616 77
3,616 77
Current assets
Debtors 47,217 44,302
Cash at bank and in hand 3,384 5,300
50,601 49,602
Creditors: amounts falling due within one year (22,611) (22,122)
Net current assets (liabilities) 27,990 27,480
Total assets less current liabilities 31,606 27,557
Total net assets (liabilities) 31,606 27,557
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 31,506 27,457
Shareholders' funds 31,606 27,557
  • For the year ending 30 November 2012 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 16 August 2013

And signed on their behalf by:
S E de la Fontaine, Director

MILESTONES CLINIC LIMITED Registered Number 06420187

Notes to the Abbreviated Accounts for the period ended 30 November 2012

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 net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets
£
Cost
At 1 December 2011 16,527
Additions 4,822
Disposals -
Revaluations -
Transfers -
At 30 November 2012 21,349
Depreciation
At 1 December 2011 16,450
Charge for the year 1,283
On disposals -
At 30 November 2012 17,733
Net book values
At 30 November 2012 3,616
At 30 November 2011 77
3Called Up Share Capital
Allotted, called up and fully paid:
2012
£
2011
£
51 A Ordinary shares of £1 each 51 51
49 B Ordinary shares of £1 each 49 49

4Transactions with directors

Name of director receiving advance or credit: S E de la Fontaine
Description of the transaction: Loan
Balance at 1 December 2011: £ 23,514
Advances or credits made: £ 40,037
Advances or credits repaid: £ 37,716
Balance at 30 November 2012: £ 25,835

The maximum amount outstanding during the year and due to the company was £48,387. No interest was paid to the company during the year on this loan.

During the year the company paid rent of £25,000 (2011 £25,000) to Mrs S E de la Fontaine, the director and owner of the company.