Registered Number 02433132

MCKILLOP DENTAL EQUIPMENT LIMITED

Abbreviated Accounts

31 October 2012

MCKILLOP DENTAL EQUIPMENT LIMITED Registered Number 02433132

Abbreviated Balance Sheet as at 31 October 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 25,267 33,690
25,267 33,690
Current assets
Stocks 47,418 31,017
Debtors 3 152,865 179,356
Cash at bank and in hand 44,927 55,890
245,210 266,263
Creditors: amounts falling due within one year 4 (185,109) (226,442)
Net current assets (liabilities) 60,101 39,821
Total assets less current liabilities 85,368 73,511
Creditors: amounts falling due after more than one year 4 (2,042) (10,408)
Provisions for liabilities (5,010) (5,471)
Total net assets (liabilities) 78,316 57,632
Capital and reserves
Called up share capital 5 10,000 10,000
Other reserves 20,000 20,000
Profit and loss account 48,316 27,632
Shareholders' funds 78,316 57,632
  • For the year ending 31 October 2012 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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.

Approved by the Board on 26 February 2013

And signed on their behalf by:
Mr Simon Michael Pearce, Director

MCKILLOP DENTAL EQUIPMENT LIMITED Registered Number 02433132

Notes to the Abbreviated Accounts for the period ended 31 October 2012

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so at to write off the cost or valuation, less any estimated residual value, over their economical life as follows:
Asset class
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 33.3 Straight Line

2Tangible fixed assets
£
Cost
At 1 November 2011 85,089
Additions 233
Disposals -
Revaluations -
Transfers -
At 31 October 2012 85,322
Depreciation
At 1 November 2011 51,399
Charge for the year 8,656
On disposals -
At 31 October 2012 60,055
Net book values
At 31 October 2012 25,267
At 31 October 2011 33,690
3Debtors
2012
£
2011
£
Debtors include the following amounts due after more than one year 152,865 179,356
4Creditors
2012
£
2011
£
Secured Debts 187,151 236,850
5Called Up Share Capital
Allotted, called up and fully paid:
2012
£
2011
£
10,000 Ordinary shares of £1 each 10,000 10,000

6Transactions with directors

Name of director receiving advance or credit: Mr Simon Michael Pearce
Description of the transaction: Directors Loan Account
Balance at 1 November 2011: £ 18,306
Advances or credits made: £ 8,527
Advances or credits repaid: -
Balance at 31 October 2012: £ 26,833

Mr Simon Michael Pearce had a Directors Loan and was owed £26833 by the company at the year end.