Wivenhoe Dental Laboratory Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04568948 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

WIVENHOE DENTAL LABORATORY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B Critchley

D Critchley

SECRETARY:

B Critchley

REGISTERED OFFICE:

Wivenhoe Business Centre

Wivenhoe

Colchester

Essex

CO7 9DP

REGISTERED NUMBER:

04568948 (England and Wales)

ACCOUNTANTS:

Martyn Lewis Chartered Accountants

1 Brewery House

Brook Street

Wivenhoe

Essex

C07 9DS

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

422

563

422

563

CURRENT ASSETS

Stocks

5,000

Debtors

28,057

28,610

Cash at bank

7,429

2,960

40,486

36,570

CREDITORS

Amounts falling due within one year

29,839

27,034

NET CURRENT ASSETS

10,647

9,536

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,069

10,099

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

10,969

9,999

SHAREHOLDERS' FUNDS

11,069

10,099

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 March 2017 and were signed on its behalf by:

B Critchley - Director

D Critchley - 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 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 2002, is being amortised evenly over its estimated useful life of five years.

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 etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

20,000

AMORTISATION

At 1 November 2015

and 31 October 2016

20,000

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

12,750

DEPRECIATION

At 1 November 2015

12,187

Charge for year

141

At 31 October 2016

12,328

NET BOOK VALUE

At 31 October 2016

422

At 31 October 2015

563

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary Shares

£1

100