ORIENT_DENTAL_LABORATORY_ - Accounts

ORIENT DENTAL LABORATORY LTD - Company Information

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Company Registration No. 3471385 (England and Wales)

ORIENT DENTAL LABORATORY LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

ORIENT DENTAL LABORATORY LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ORIENT DENTAL LABORATORY LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

13,972

18,628

Current assets

Stocks

8,524

6,722

Debtors

127,239

119,557

Cash at bank and in hand

9,336

135,763

135,615

Creditors: amounts falling due within one year

(69,814)

(43,594)

Net current assets

65,949

92,021

Total assets less current liabilities

79,921

110,649

Creditors: amounts falling due after more than one year

(6,699)

(14,688)

Provisions for liabilities

(2,120)

71,102

95,961

Capital and reserves

Called up share capital

100

Profit and loss account

71,002

95,861

Shareholders' funds

71,102

95,961

ORIENT DENTAL LABORATORY LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2016

- 2 -

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 29 August 2017

Mr S Low

Director

Company Registration No. 3471385

ORIENT DENTAL LABORATORY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold improvements

over 10 years

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ORIENT DENTAL LABORATORY LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 December 2015 & at 30 November 2016

115,870

Depreciation

At 1 December 2015

97,241

Charge for the year

4,657

At 30 November 2016

101,898

Net book value

At 30 November 2016

13,972

At 30 November 2015

18,628

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Transactions with directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Amount outstanding

Maximum

2016

2015

in year

S Low

9,988