Adam Norris Dental Laboratory Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06823435 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Adam Norris Dental Laboratory Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

A L Norris

SECRETARY:

Mrs J A Norris

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

BUSINESS ADDRESS:

123 Waterhouse Lane

Chelmsford

Essex

CM1 2RY

REGISTERED NUMBER:

06823435 (England and Wales)

ACCOUNTANTS:

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

4

9,590

10,523

CURRENT ASSETS

Stocks

810

865

Debtors

5

7,358

4,005

Cash at bank

76,254

60,856

84,422

65,726

CREDITORS

Amounts falling due within one year

6

34,901

27,130

NET CURRENT ASSETS

49,521

38,596

TOTAL ASSETS LESS CURRENT LIABILITIES

59,111

49,119

PROVISIONS FOR LIABILITIES

1,822

1,821

NET ASSETS

57,289

47,298

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

57,189

47,198

SHAREHOLDERS' FUNDS

57,289

47,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 20 December 2021 and were signed by:

A L Norris - Director

1.	STATUTORY INFORMATION

Adam Norris Dental Laboratory Limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced supply and sale of goods and services, excluding VAT ( having regard to the fulfilment of contractual obligations ).

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

Government grants

Government Grants in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

64,649

Additions

2,285

Disposals

(400

)

At 31 March 2021

66,534

DEPRECIATION

At 1 April 2020

54,126

Charge for year

3,196

Eliminated on disposal

(378

)

At 31 March 2021

56,944

NET BOOK VALUE

At 31 March 2021

9,590

At 31 March 2020

10,523

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

5,842

3,280

Other debtors

1,516

725

7,358

4,005

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

3,599

2,228

Taxation and social security

17,494

19,101

Other creditors

13,808

5,801

34,901

27,130

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

100

Ordinary

£1

100

100

8.	OTHER FINANCIAL COMMITMENTS

At 31 March 2021, the company had operating lease commitments over the remaining life of those leases totalling £104,000 ( 2020 - £116,000 ).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company has given a guarantee to Lloyds Bank plc in respect of a loan to the director for £240,000. The bank holds a fixed and floating charge over the current and future assets of the company.

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 Adam Norris Dental Laboratory Limited for the year ended 31 March 2021 which comprise the Income Statement, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Adam Norris Dental Laboratory Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adam Norris Dental Laboratory Limited and state those matters that we have agreed to state to the director of Adam Norris Dental Laboratory Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adam Norris Dental Laboratory Limited and its director for our work or for this report.

It is your duty to ensure that Adam Norris Dental Laboratory Limited 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 Adam Norris Dental Laboratory Limited. You consider that Adam Norris Dental Laboratory Limited 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 Adam Norris Dental Laboratory Limited. 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.

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

20 December 2021