Arthro Dynamik Ltd - Period Ending 2017-04-30
Arthro Dynamik Ltd - Period Ending 2017-04-30
Registration number:
Arthro Dynamik Ltd
for the Year Ended 30 April 2017
Chartered Accountants
2 Woodside Mews
Clayton Wood Close
Leeds
West Yorkshire
LS16 6QE
Arthro Dynamik Ltd
Contents
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Balance Sheet |
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Notes to the Financial Statements |
Arthro Dynamik Ltd
(Registration number: 08479540)
Balance Sheet as at 30 April 2017
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Mr A Moore
Director
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Page 1 |
Arthro Dynamik Ltd
Notes to the Financial Statements for the Year Ended 30 April 2017
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General information |
The company is a incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements for the year ended 30 April 2017 are the first financial statements of Arthro Dynamik Limited following adoption of FRS 102. The date of transition to FRS 102 was 1 May 2015. Arthro Dynamik Limited previously reported under United Kingdom Accounting Standards. Information on the impact of first time adoption of FRS 102 is given in the notes to the financial statements.
The financial statements have been prepared using the historical cost convention.
The financial statements are presented in Sterling (£).
Tangible assets
Tangible assets are stated in the Balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Furniture, Fixtures & Fittings |
25% Straight Line |
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Computer Equipment |
25% Straight Line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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Page 2 |
Arthro Dynamik Ltd
Notes to the Financial Statements for the Year Ended 30 April 2017
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 May 2016 |
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Additions |
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At 30 April 2017 |
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Depreciation |
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At 1 May 2016 |
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Charge for the year |
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At 30 April 2017 |
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Carrying amount |
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At 30 April 2017 |
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At 30 April 2016 |
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Page 3 |
Arthro Dynamik Ltd
Notes to the Financial Statements for the Year Ended 30 April 2017
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Stocks |
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2017 |
2016 |
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Other inventories |
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Debtors |
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2017 |
2016 |
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Trade debtors |
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Other debtors |
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Creditors |
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2017 |
2016 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Transition to FRS 102 |
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Page 4 |