Cantel Computer Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01940170 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

CANTEL COMPUTER SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R C Sharpe

REGISTERED OFFICE:

Brunel Drive

Northern Road Industrial Estate

Newark

Nottinghamshire

NG24 2EG

REGISTERED NUMBER:

01940170 (England and Wales)

ACCOUNTANT:

R P Ellis

Chartered Accountant

414 Newark Road

Lincoln

Lincolnshire

LN6 8RX

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

556,781

135,911

556,781

135,911

CURRENT ASSETS

Stocks

473,459

494,582

Debtors

228,137

208,599

Cash at bank and in hand

152,480

41,222

854,076

744,403

CREDITORS

Amounts falling due within one year

4

349,655

260,610

NET CURRENT ASSETS

504,421

483,793

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,202

619,704

CREDITORS

Amounts falling due after more than one
year

4

356,932

89,362

NET ASSETS

704,270

530,342

CAPITAL AND RESERVES

Called up share capital

5

24

48

Revaluation reserve

457,186

-

Other reserves

76

52

Profit and loss account

246,984

530,242

SHAREHOLDERS' FUNDS

704,270

530,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 8 February 2017 and were signed by:

R C Sharpe - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

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 1992, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on reducing balance and at varying rates 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 material 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

10,000

AMORTISATION

At 1 September 2015

and 31 August 2016

10,000

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 September 2015

439,261

Disposals

(133,318

)

Revaluations

457,186

At 31 August 2016

763,129

DEPRECIATION

At 1 September 2015

303,350

Charge for year

24,877

Eliminated on disposal

(121,879

)

At 31 August 2016

206,348

NET BOOK VALUE

At 31 August 2016

556,781

At 31 August 2015

135,911

4.

CREDITORS

Creditors include an amount of £ 431,836 (31.8.15 - £ 72,018 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

24

Ordinary

£1

24

48

(31.8.15 - 48 )

The share capital was reduced to 24 ordinary £1 shares due to the purchase of own shares in the year.