S L Dent Repair Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC298091 (Scotland)

Unaudited Financial Statements

For The Year Ended 31st March 2018

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

25,430

24,183

CURRENT ASSETS

Debtors

5

39,529

47,631

Cash at bank

19,056

15,023

58,585

62,654

CREDITORS

Amounts falling due within one year

6

(34,187

)

(24,792

)

NET CURRENT ASSETS

24,398

37,862

TOTAL ASSETS LESS CURRENT LIABILITIES

49,828

62,045

CREDITORS

Amounts falling due after more than one year

7

(27,374

)

(28,829

)

PROVISIONS FOR LIABILITIES

(5,047

)

(4,569

)

NET ASSETS

17,407

28,647

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

17,307

28,547

SHAREHOLDERS' FUNDS

17,407

28,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 14th November 2018 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 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2017

5,530

498

26,391

3,605

36,024

Additions

250

-

8,393

399

9,042

At 31st March 2018

5,780

498

34,784

4,004

45,066

DEPRECIATION

At 1st April 2017

2,992

180

6,830

1,839

11,841

Charge for year

418

64

6,989

324

7,795

At 31st March 2018

3,410

244

13,819

2,163

19,636

NET BOOK VALUE

At 31st March 2018

2,370

254

20,965

1,841

25,430

At 31st March 2017

2,538

318

19,561

1,766

24,183

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

Motor

vehicles

£

COST

At 1st April 2017

26,034

Additions

8,393

At 31st March 2018

34,427

DEPRECIATION

At 1st April 2017

6,509

Charge for year

6,980

At 31st March 2018

13,489

NET BOOK VALUE

At 31st March 2018

20,938

At 31st March 2017

19,525

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

35,379

25,356

Directors' loan accounts

4,150

22,253

VAT

-

22

39,529

47,631

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

6,349

2,698

Tax

16,757

18,970

Social security and other taxes

1,135

289

VAT

5,491

-

Other creditors

1,043

1,123

Accrued expenses

3,412

1,712

34,187

24,792

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

27,374

28,829

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1st April 2017

28,547

Profit for the year

69,960

Dividends

(81,200

)

At 31st March 2018

17,307

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2018 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

14th November 2018