Dencraft Dental Laboratories Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04762489

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

DENCRAFT DENTAL LABORATORIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

A C West

Mrs E M West

A J S Bayley

EJ Herridge

SECRETARY:

REGISTERED OFFICE:

3 Parc Road

Radyr

Cardiff

CF15 8DF

REGISTERED NUMBER:

04762489

ACCOUNTANTS:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

FIXED ASSETS

215,000

Intangible assets

2

190,000

74,619

Tangible assets

3

66,376

289,619

256,376

CURRENT ASSETS

3,750

Stocks

3,000

39,667

Debtors

45,262

-

Cash at bank

3,261

43,417

51,523

CREDITORS

155,761

Amounts falling due within one year

147,853

(112,344

)

NET CURRENT LIABILITIES

(96,330

)

177,275

TOTAL ASSETS LESS CURRENT LIABILITIES

160,046

CREDITORS

(55,694

)

Amounts falling due after more than one year

(44,002

)

(13,285

)

PROVISIONS FOR LIABILITIES

(11,931

)

108,296

NET ASSETS

104,113

CAPITAL AND RESERVES

100

Called up share capital

4

100

108,196

Profit and loss account

104,013

108,296

SHAREHOLDERS' FUNDS

104,113

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 16 December 2015 and were signed on its behalf by:

A C West - Director

Mrs E M West - Director

A J S Bayley - Director

EJ Herridge - 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 sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

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 is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

500,000

AMORTISATION

At 1 November 2014

285,000

Amortisation for year

25,000

At 31 October 2015

310,000

NET BOOK VALUE

At 31 October 2015

190,000

At 31 October 2014

215,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

120,889

Additions

4,465

At 31 October 2015

125,354

DEPRECIATION

At 1 November 2014

46,270

Charge for year

12,708

At 31 October 2015

58,978

NET BOOK VALUE

At 31 October 2015

66,376

At 31 October 2014

74,619

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

100

Ordinary shares of 1 each

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Dencraft Dental Laboratories Limited for the year ended 31 October 2015 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 member 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 Dencraft Dental Laboratories Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dencraft Dental Laboratories Limited and state those matters that we have agreed to state to the Board of Directors of Dencraft Dental Laboratories Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dencraft Dental Laboratories 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 Dencraft Dental Laboratories Limited. You consider that Dencraft Dental Laboratories 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 Dencraft Dental Laboratories

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.

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

Date: .............................................