DLT Meek Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC338035 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

DLT MEEK LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

D L T Meek

SECRETARY:

Mrs M Meek

REGISTERED OFFICE:

11 Humbie Lawns

Newton Mearns

Glasgow

G77 5EA

REGISTERED NUMBER:

SC338035 (Scotland)

ACCOUNTANTS:

Sharles CA

29 Brandon Street

Hamilton

ML3 6DA

FIXED ASSETS

Intangible assets

5

-

4,000

Tangible assets

6

2,658

3,545

2,658

7,545

CURRENT ASSETS

Stocks

500

500

Debtors

7

14,100

11,758

Cash at bank and in hand

71,055

56,411

85,655

68,669

CREDITORS

Amounts falling due within one year

8

25,342

28,181

NET CURRENT ASSETS

60,313

40,488

TOTAL ASSETS LESS CURRENT LIABILITIES

62,971

48,033

CREDITORS

Amounts falling due after more than one year

9

(17,236

)

(20,227

)

PROVISIONS FOR LIABILITIES

(367

)

(531

)

NET ASSETS

45,368

27,275

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

45,268

27,175

SHAREHOLDERS' FUNDS

45,368

27,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 23 October 2018 and were signed by:

D L T Meek - Director

1.	STATUTORY INFORMATION

DLT Meek 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is derived from dentistry services supplied by the company.

Turnover is measured at the fair value of dentistry services supplied, net of discounts and excluding value added

tax, and is recognised at the point that the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and

accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine

whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the

recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is

not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of

the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets

below this threshold is charged directly to the income statement in the period it is incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable

value). Costs, which comprise direct production costs, are based on the method appropriate to the type of

inventory class, but usually on a first-in-first-out basis. Overheads are charged to the income statement as

incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling

costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the

related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of

stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any

reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an

expense in the period in which the reversal occurs.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

40,000

AMORTISATION

At 1 April 2017

36,000

Charge for year

4,000

At 31 March 2018

40,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

4,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

40,991

DEPRECIATION

At 1 April 2017

37,446

Charge for year

887

At 31 March 2018

38,333

NET BOOK VALUE

At 31 March 2018

2,658

At 31 March 2017

3,545

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

14,003

11,664

Other debtors

97

94

14,100

11,758

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

3,285

3,167

Trade creditors

3,110

4,336

Taxation and social security

17,914

17,951

Other creditors

1,033

2,727

25,342

28,181

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

17,236

20,227

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,695

6,207

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

20,521

23,394

The bank overdraft and loan are secured by a bond and floating charge over the whole of the company's assets

and a personal guarantee from the director.

11.	RELATED PARTY DISCLOSURES

The company operates a loan account with the director, DLT Meek.

During the year, the company advanced monies totalling £1,575 to the director. At the year end, the balance due

to the director was £539 (2017: £2,114). There are no fixed repayment terms and no interest charged.

The following reproduces the text of the report prepared for the director 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.

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

financial statements of DLT Meek Ltd. for the year ended 31 March 2018 which comprise the Income Statement,

Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of DLT Meek Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DLT Meek Ltd. and state those matters that we have agreed to state to the director of DLT Meek Ltd. in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that DLT Meek Ltd. 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 DLT Meek Ltd.. You consider that DLT Meek Ltd. 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 DLT Meek Ltd.. 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.

Sharles CA

29 Brandon Street

Hamilton

ML3 6DA

23 October 2018