Reatech Dental Services Limited - Limited company accounts 16.3

REGISTERED NUMBER: 04562512

Report of the Director and

Financial Statements for the Year Ended 31 August 2016

for

Reatech Dental Services Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

S Rea

SECRETARY:

Ms S L Rea

REGISTERED OFFICE:

65a High Street

Stevenage

Hertfordshire

SG1 3AQ

REGISTERED NUMBER:

04562512

ACCOUNTANTS:

Long & Co (Dentax) Ltd

Chartered Accountants

65a High Street

Stevenage

Hertfordshire

SG1 3AQ

The director presents his report with the financial statements of the company for the year ended 31 August 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of producing laboratory work for dental

practices.

DIRECTOR

S Rea held office during the whole of the period from 1 September 2015 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

31.8.16

1.9.15

ordinary shares of £1 each

1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S Rea - Director

5 April 2017

TURNOVER

149,751

144,832

Cost of sales

(14,571

)

(14,048

)

GROSS PROFIT

135,180

130,784

Administrative expenses

(91,863

)

(115,794

)

OPERATING PROFIT

2

43,317

14,990

Interest payable and similar charges

(597

)

(800

)

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

42,720

14,190

Tax on profit on ordinary activities

3

(8,461

)

(3,555

)

PROFIT FOR THE FINANCIAL YEAR

34,259

10,635

FIXED ASSETS

Tangible assets

5

8,913

4,439

CURRENT ASSETS

Stocks

1,850

Debtors

6

14,991

14,069

Cash at bank and in hand

5,725

3,695

22,566

19,614

CREDITORS

Amounts falling due within one year

7

(21,100

)

(23,803

)

NET CURRENT ASSETS/(LIABILITIES)

1,466

(4,189

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,379

250

CAPITAL AND RESERVES

Called up share capital

8

2

Profit and loss account

9

10,377

248

SHAREHOLDERS' FUNDS

10,379

250

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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 5 April 2017 and were signed by:

S Rea - 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2016

2015

£

Depreciation - owned assets

2,971

1,480

Director's remuneration

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2016

2015

£

Current tax:

UK corporation tax

8,461

3,555

Tax on profit on ordinary activities

8,461

3,555

4.

DIVIDENDS

2016

2015

£

Final

24,130

10,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 September 2015

23,483

996

24,479

Additions

7,445

-

7,445

At 31 August 2016

30,928

996

31,924

DEPRECIATION

At 1 September 2015

19,604

436

20,040

Charge for year

2,831

140

2,971

At 31 August 2016

22,435

576

23,011

NET BOOK VALUE

At 31 August 2016

8,493

420

8,913

At 31 August 2015

3,879

560

4,439

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade debtors

14,991

14,069

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Bank loans and overdrafts

10,626

14,284

Trade creditors

1,669

3,528

Tax

8,465

3,555

Social security and other taxes

160

1,566

Directors' current accounts

180

870

21,100

23,803

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

ordinary

£1

2

9.

RESERVES

Profit

and loss

account

£

At 1 September 2015

248

Profit for the year

34,259

Dividends

(24,130

)

At 31 August 2016

10,377