Mckillop Dental Equipment Limited |
For the year ended 31 October 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02433132
Mckillop Dental Equipment Limited
Accountants' Report
For the year ended 31 October 2016
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
accounts of Mckillop Dental Equipment Limited for the year ended 31 October 2016 which comprise the Profit and |
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from |
information and explanations you have given us. |
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other |
professional requirements which are detailed at http://rulebook.accaglobal.com. |
This report is made solely to the Board of Directors of Mckillop Dental Equipment Limited, as a body, in accordance |
with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval |
the accounts of Mckillop Dental Equipment Limited and state those matters that we have agreed to state to the |
Board of Directors of Mckillop Dental Equipment Limited, as a body, in this report in accordance with the |
requirements of the Association of Chartered Certified Accountants and as detailed at |
http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume |
responsibility to anyone other than Mckillop Dental Equipment Limited and its Board of Directors as a body for our |
work or for this report. |
It is your duty to ensure that Mckillop Dental Equipment Limited has kept adequate accounting records and to |
prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of |
Mckillop Dental Equipment Limited. You consider that Mckillop Dental Equipment Limited is exempt from the |
statutory audit requirement for the year. |
S.B.P. (Southport) Limited T/as S B Patel & Co
Tolsey House
1 Marshside Road
Churchtown
Southport
PR9 9TL
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Abbreviated Balance Sheet |
Mckillop Dental Equipment Limited
2016
2015
2
35,028
43,786
35,028
43,786
59,428
51,434
74,279
202,550
140,303
154,728
394,287
288,435
Creditors: amounts falling due within one year |
(258,557)
(367,222)
29,878
27,065
Net current assets
Total assets less current liabilities |
62,093
73,664
Creditors: amounts falling due after more than one year |
3
(90,043)
(30,248)
(6,804)
(8,060)
Provisions for liabilities |
25,041
Net assets/liabilities
(24,439)
2,250
2,250
7,750
7,750
15,041
(34,439)
25,041
(24,439)
Shareholders funds
For the year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
Date approved by the board: 23 February 2017 |
Mr Simon Michael Pearce Director |
Signed on behalf of the board of directors |
Mrs Amanda Jane Pearce Director |
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Notes to the Abbreviated Financial Statements |
Mckillop Dental Equipment Limited
For the year ended 31 October 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Finance lease and hire purchase charges |
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
by the shareholders prior to the balance sheet date. |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Fixtures, Fittings & Equipment
Assets on finance lease and hire purchase |
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and |
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets |
and depreciated over the shorter of the lease term and their estimated expected useful lives. |
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
Stocks and work in progress |
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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Notes to the Abbreviated Financial Statements |
Mckillop Dental Equipment Limited
For the year ended 31 October 2016
121,589
2,184
(13,306)
110,467
77,803
(11,120)
8,756
Charge for year
75,439
35,028
43,786
2015
2016
3 Creditors due after more than one year |
30,248
89,295
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