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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Petts Hill Dental Laboratory Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Petts Hill Dental Laboratory Limited |
Petts Hill Dental Laboratory Limited (Registered number: 05262270) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Petts Hill Dental Laboratory Limited |
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Company Information |
for the Year Ended 31 March 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Petts Hill Dental Laboratory Limited (Registered number: 05262270) |
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Abbreviated Balance Sheet |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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CREDITORS |
Amounts falling due within one
year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more
than one year |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
Petts Hill Dental Laboratory Limited (Registered number: 05262270) |
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Abbreviated Balance Sheet - continued |
31 March 2016 |
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The financial statements were approved by the director on
signed by: |
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Petts Hill Dental Laboratory Limited (Registered number: 05262270) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents net invoiced sales of goods. The company is exempt from value |
added tax, as its principal activity is that of health professionals. |
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Goodwill |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, |
after making due allowance for obsolete and slow moving items. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable |
overheads. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the |
balance sheet. Those held under hire purchase contracts are depreciated over their |
estimated useful lives. Those held under finance leases are depreciated over their |
estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over |
the relevant period. The capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a |
straight line basis over the period of the lease. |
Petts Hill Dental Laboratory Limited (Registered number: 05262270) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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AMORTISATION |
At 1 April 2015 |
and 31 March 2016 |
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NET BOOK VALUE |
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At 31 March 2016 |
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At 31 March 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
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Additions |
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Disposals | ( |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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31.3.16 | 31.3.15 |
£ | £ |
Repayable by instalments | 14,540 | 18,148 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
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Ordinary | £1 |
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Petts Hill Dental Laboratory Limited (Registered number: 05262270) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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6. | UNLAWFUL DISTRIBUTION |
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The dividends paid during the year exceed distributable reserves by £27,439. The |
consequences of this unlawful distribution are that the director may be liable to repay |
the over distribution to the company. No such repayment has been made. |
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7. | GOING CONCERN |
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The company's ability to continue to trade is dependent upon the support of its bank and |
director. Should this support cease to be forthcoming, fixed assets would be reclassified |
as current assets and restated at recoverable amounts, current assets would be restated |
at recoverable amounts and creditors falling due in more than one year would be |
reclassified as current. As there is no intention to withdraw support, the financial |
statements have been prepared on the going concern basis. |
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8. | CONTROLLING PARTY |
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The company is controlled by its director, P P Cwieczek, by virtue of his majority |
ownership of the issued share capital. |