Woodlane Dental Equipment Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06837995 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2014

for

Woodlane Dental Equipment Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M B Richardson

SECRETARY:

REGISTERED OFFICE:

Unit 10

Global Business Park

14 Wilkinson Road

Cirencester

Gloucestershire

GL7 1YZ

REGISTERED NUMBER:

06837995 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Intangible assets

2

3,200

-

Tangible assets

3

22,672

2,980

25,872

2,980

CURRENT ASSETS

Stocks

14,471

-

Debtors

20,454

6,526

Cash at bank

83,125

18,634

118,050

25,160

CREDITORS

Amounts falling due within one year

61,788

10,353

NET CURRENT ASSETS

56,262

14,807

TOTAL ASSETS LESS CURRENT LIABILITIES

82,134

17,787

CREDITORS

Amounts falling due after more than one year

(56,753

)

(25,000

)

PROVISIONS FOR LIABILITIES

(4,534

)

-

NET ASSETS/(LIABILITIES)

20,847

(7,213

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

20,845

(7,215

)

SHAREHOLDERS' FUNDS

20,847

(7,213

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 May 2015 and were signed by:

M B Richardson - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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

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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,000

At 31 December 2014

4,000

AMORTISATION

Amortisation for year

800

At 31 December 2014

800

NET BOOK VALUE

At 31 December 2014

3,200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

3,434

Additions

25,648

At 31 December 2014

29,082

DEPRECIATION

At 1 January 2014

454

Charge for year

5,956

At 31 December 2014

6,410

NET BOOK VALUE

At 31 December 2014

22,672

At 31 December 2013

2,980

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary share capital

£1

2

2