Adam Norris Dental Laboratory Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06823435 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Adam Norris Dental Laboratory Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A L Norris

SECRETARY:

Mrs J A Norris

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

06823435 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

20,282

14,351

CURRENT ASSETS

Stocks

190

215

Debtors

8,558

10,062

Cash at bank

9,924

6,372

18,672

16,649

CREDITORS

Amounts falling due within one year

27,013

19,662

NET CURRENT LIABILITIES

(8,341

)

(3,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,941

11,338

PROVISIONS FOR LIABILITIES

3,550

2,252

NET ASSETS

8,391

9,086

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

8,291

8,986

SHAREHOLDERS' FUNDS

8,391

9,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 November 2015 and were signed by:

A L Norris - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

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.

Equipment and computers

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more tax at a future date, at the tax rates that are expected

to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

38,679

Additions

12,691

At 31 March 2015

51,370

DEPRECIATION

At 1 April 2014

24,328

Charge for year

6,760

At 31 March 2015

31,088

NET BOOK VALUE

At 31 March 2015

20,282

At 31 March 2014

14,351

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

4.	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.