S L Dent Repair Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC298091 (Scotland)

Unaudited Financial Statements

For The Year Ended 31st March 2017

for

S L Dent Repair Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

S Liddle

SECRETARY:

Mrs D Liddle

REGISTERED OFFICE:

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

REGISTERED NUMBER:

SC298091 (Scotland)

ACCOUNTANTS:

J.S. Mackie & Co. Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

FIXED ASSETS

Tangible assets

4

24,183

15,060

CURRENT ASSETS

Debtors

5

47,631

25,490

Cash at bank

15,023

19,663

62,654

45,153

CREDITORS

Amounts falling due within one year

6

(24,792

)

(45,494

)

NET CURRENT ASSETS/(LIABILITIES)

37,862

(341

)

TOTAL ASSETS LESS CURRENT LIABILITIES

62,045

14,719

CREDITORS

Amounts falling due after more than one year

7

(28,829

)

(12,676

)

PROVISIONS FOR LIABILITIES

(4,569

)

(519

)

NET ASSETS

28,647

1,524

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,547

1,424

SHAREHOLDERS' FUNDS

28,647

1,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15th September 2017 and were signed by:

S Liddle - Director

1.	STATUTORY INFORMATION

S L Dent Repair Ltd is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents gross invoiced sales of goods including 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2016

4,170

498

21,032

2,887

28,587

Additions

1,360

-

26,034

718

28,112

Disposals

-

-

(20,675

)

-

(20,675

)

At 31st March 2017

5,530

498

26,391

3,605

36,024

DEPRECIATION

At 1st April 2016

2,544

100

9,355

1,528

13,527

Charge for year

448

80

6,521

311

7,360

Eliminated on disposal

-

-

(9,046

)

-

(9,046

)

At 31st March 2017

2,992

180

6,830

1,839

11,841

NET BOOK VALUE

At 31st March 2017

2,538

318

19,561

1,766

24,183

At 31st March 2016

1,626

398

11,677

1,359

15,060

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

26,034

At 31st March 2017

26,034

DEPRECIATION

Charge for year

6,509

At 31st March 2017

6,509

NET BOOK VALUE

At 31st March 2017

19,525

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

25,356

25,490

Other debtors

22,275

-

47,631

25,490

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

2,698

2,698

Taxation and social security

19,259

27,410

Other creditors

2,835

15,386

24,792

45,494

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

28,829

12,676

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

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2017 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

J.S. Mackie & Co. Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

15th September 2017