Fosters Dental Ceramics Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07403529 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Fosters Dental Ceramics Limited

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Mr A S Foster

REGISTERED OFFICE:

Unit 4 Dove Court

Aylesbury Road

Aston Clinton

Buckinghamshire

HP22 5AQ

REGISTERED NUMBER:

07403529 (England and Wales)

ACCOUNTANTS:

AM Taxation Limited

Unit 3 The Courtyard

Milton Road

Aylesbury

Buckinghamshire

HP21 7LZ

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Fosters Dental Ceramics Limited for the year ended

31 October 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related

notes from the company's accounting records and from information and explanations you have

given us.

This report is made solely to the Board of Directors of Fosters Dental Ceramics Limited, as a body,

in accordance with our terms of engagement. Our work has been undertaken solely to prepare for

your approval the financial statements of Fosters Dental Ceramics Limited and state those matters

that we have agreed to state to the Board of Directors of Fosters Dental Ceramics Limited, as a

body, in this report. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than Fosters Dental Ceramics Limited Board of Directors, as a body,

for our work or for this report.

It is your duty to ensure that Fosters Dental Ceramics Limited has kept adequate accounting

records and to prepare statutory financial statements that give a true and fair view of the assets,

liabilities, financial position and profit of Fosters Dental Ceramics Limited. You consider that

Fosters Dental Ceramics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fosters

Dental Ceramics Limited. For this reason, we have not verified the accuracy or completeness of

the accounting records or information and explanations you have given to us and we do not,

therefore, express any opinion on the statutory financial statements.

AM Taxation Limited

Unit 3 The Courtyard

Milton Road

Aylesbury

Buckinghamshire

HP21 7LZ

22 July 2017

FIXED ASSETS

Tangible assets

2

15,288

15,089

CURRENT ASSETS

Debtors

22,452

13,907

Cash at bank

2,476

8,017

24,928

21,924

CREDITORS

Amounts falling due within one year

29,835

26,889

NET CURRENT LIABILITIES

(4,907

)

(4,965

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,381

10,124

CREDITORS

Amounts falling due after more than
one year

10,345

7,073

NET ASSETS

36

3,051

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

35

3,050

SHAREHOLDERS' FUNDS

36

3,051

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 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 22 July 2017 and were signed by:

Mr A S Foster - 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 amounts chargeable in respect of the sale of goods and services to

customers.

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

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

28,558

Additions

8,950

Disposals

(8,814

)

At 31 October 2016

28,694

DEPRECIATION

At 1 November 2015

13,469

Charge for year

4,323

Eliminated on disposal

(4,386

)

At 31 October 2016

13,406

NET BOOK VALUE

At 31 October 2016

15,288

At 31 October 2015

15,089

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 October 2016 and 31 October 2015:

31.10.16

31.10.15

£

Mr A S Foster

Balance outstanding at start of year

-

Amounts advanced

7,912

-

Amounts repaid

-

Balance outstanding at end of year

7,912

-

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A S Foster.