Company Registration No. 05702567 (England and Wales)
A. PARSONS DENTAL LABORATORIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
A. PARSONS DENTAL LABORATORIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A. PARSONS DENTAL LABORATORIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
54,756
54,612
Current assets
Stocks
17,500
22,500
Debtors
438,334
371,289
Cash at bank and in hand
7,842
4,263
463,676
398,052
Creditors: amounts falling due within one year
(404,335)
(390,491)
Net current assets
59,341
7,561
Total assets less current liabilities
114,097
62,173
Creditors: amounts falling due after more than one year
(110,526)
(56,071)
3,571
6,102
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
3,471
6,002
Shareholders' funds
3,571
6,102
For the financial year ended 31 March 2014 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 for issue on 30 December 2014
Mr C Parsons
Director
Company Registration No. 05702567
A. PARSONS DENTAL LABORATORIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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 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:
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
33% straight line
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
113,457
Additions
39,509
Disposals
(50,275)
At 31 March 2014
102,691
Depreciation
At 1 April 2013
58,845
On disposals
(27,821)
Charge for the year
16,911
At 31 March 2014
47,935
Net book value
At 31 March 2014
54,756
At 31 March 2013
54,612
A. PARSONS DENTAL LABORATORIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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