Dentine Issues Limited - Period Ending 2014-03-31

Registration number: 04725687

Dentine Issues Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Pattinsons Accountancy Limited
Accountants
8 The Courtyard
Eliot Business Pk
Nuneaton
Warwickshire
CV10 7RJ

Dentine Issues Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Dentine Issues Limited
(Registration number: 04725687)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					24,950			18,066
Current assets
Stocks					7,171			7,885
Debtors					198,081			233,678
Cash at bank and in hand					36,930			13,413
					242,182			254,976
Creditors: Amounts falling due within one year					(181,414)			(149,596)
Net current assets					60,768			105,380
Net assets					85,718			123,446
Capital and reserves
Called up share capital		3			72			36
Profit and loss account					85,646			123,410
Shareholders' funds					85,718			123,446

For the year ending 31 March 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 director acknowledges his 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 director on 22 September 2014

.........................................
Mr Jodi Tabalotny
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Dentine Issues Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual
value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	50% straight line
Fixtures, fittings and equipment	25% straight line
Computer equipment	33% straight line
Leasehold properties	Straight line over the life of the lease

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Dentine Issues Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		208,213			208,213
Additions		24,629			24,629
At 31 March 2014		232,842			232,842
Depreciation
At 1 April 2013		190,147			190,147
Charge for the year		17,745			17,745
At 31 March 2014		207,892			207,892
Net book value
At 31 March 2014		24,950			24,950
At 31 March 2013		18,066			18,066

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary A shares of £1 each		24			24			24			24
Ordinary D shares of £1 each		12			12			12			12
		36			36			36			36

New shares allotted

During the year 36 Redeemable Preference P shares having an aggregate nominal value of £36 were allotted for an aggregate consideration of £36.

Redeemable preference shares

The Redeemable Preference P shares are redeemable. They are redeemable at £1 per share and carry no voting rights.

Page 3

Dentine Issues Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

4

Control

The company is controlled by no one individual During the year the company loaned monies to three companies which are also under the control of Mr A Davey, being; Accessible Orthodontics (N) Limited, Accessible Orthodontics (O) Limited and Accessible Orthodontics (T) Limited. The amount owed to these companies at the balance sheet date amount to £57,088 (2013 £39,547). The loan balancers are as a result of timing difference between invoices raised by the company for goods and services and the payment of these invoices.

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Page 4