A. J. B. Denture Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05447918 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2018

for

A. J. B. DENTURE SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr A Broom

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

05447918 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Tangible assets

4

46,531

60,469

Current assets

Stocks

1,350

1,220

Debtors

5

56,642

69,377

Cash at bank and in hand

201

200

58,193

70,797

Creditors

Amounts falling due within one year

6

78,369

85,874

Net current liabilities

(20,176

)

(15,077

)

Total assets less current liabilities

26,355

45,392

Creditors

Amounts falling due after more than one year

7

(17,020

)

(33,163

)

Provisions for liabilities

8

(8,777

)

(12,011

)

Net assets

558

218

Capital and reserves

Called up share capital

9

100

100

Retained earnings

458

118

Shareholders' funds

558

218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 28 February 2019 and were signed by:

Mr A Broom - Director

1.	Statutory information

A. J. B. Denture Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well

as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of

revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out

by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as

possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out

by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as

possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is

carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are

as accurate as possible, there remains a risk that the provisions do not match the level of debts which

ultimately prove to be uncollectable.

Turnover

Turnover represents the sale of goods and services.

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

-

20% on reducing balance

Fixtures and fittings

-

15% on cost

Computer equipment

-

25% straight line

Stocks and work in progress

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 stocks. Cost includes all direct costs and an appropriate proportion of

fixed and variable overheads.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a

party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial

recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the

effective interest rate method. A provision is established when there is objective evidence that the company will

not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank

and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and an equity

instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of direct issue costs.

3.	Employees and directors

The average number of employees during the year was 5 (2017 - 5 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 June 2017

47,400

61,971

2,075

111,446

Additions

-

-

599

599

At 31 May 2018

47,400

61,971

2,674

112,045

Depreciation

At 1 June 2017

17,570

31,333

2,074

50,977

Charge for year

5,966

8,509

62

14,537

At 31 May 2018

23,536

39,842

2,136

65,514

Net book value

At 31 May 2018

23,864

22,129

538

46,531

At 31 May 2017

29,830

30,638

1

60,469

The net book value of assets held under finance leases or hire purchase contracts, included above, are as

follows:

2018

2017

£

£

Plant & Machinery

23,864

29,830

Fixtures & Fittings

18,824

23,322

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

3,544

12,816

Other debtors

53,098

56,561

56,642

69,377

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Bank loans and overdrafts

7,956

19,668

Hire purchase contracts

16,144

16,144

Taxation and social security

45,822

41,697

Other creditors

8,447

8,365

78,369

85,874

7.

Creditors: amounts falling due after more than one year

2018

2017

£

£

Hire purchase contracts

17,020

33,163

8.	Provisions for liabilities

2018

2017

£

£

Deferred tax

8,777

12,011

Deferred tax

£

Balance at 1 June 2017

12,011

Provided during year

(3,234

)

Balance at 31 May 2018

8,777

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

10.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 May 2018 and

31 May 2017:

2018

2017

£

£

Mr A Broom

Balance outstanding at start of year

44,081

24,614

Amounts advanced

89,124

105,320

Amounts repaid

(92,587

)

(85,853

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,618

44,081

11.	Ultimate controlling party