Dental Devices and Supplies Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04899993 (England and Wales)

DENTAL DEVICES AND SUPPLIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTOR:

F Farzin-Nia

REGISTERED OFFICE:

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 1RE

BUSINESS ADDRESS:

15 Great Central Road

Loughborough

Leicestershire

LE11 1RW

REGISTERED NUMBER:

04899993 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

FIXED ASSETS

Tangible assets

2

378,164

388,806

Investments

3

100

378,264

388,906

CURRENT ASSETS

Stocks

40,000

56,869

Debtors

408,499

266,404

Cash at bank and in hand

171,530

336,007

620,029

659,280

CREDITORS

Amounts falling due within one year

4

182,758

138,934

NET CURRENT ASSETS

437,271

520,346

TOTAL ASSETS LESS CURRENT LIABILITIES

815,535

909,252

CREDITORS

Amounts falling due after more than one
year

4

(143,519

)

(158,064

)

PROVISIONS FOR LIABILITIES

(11,119

)

(11,834

)

NET ASSETS

660,897

739,354

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

660,895

739,352

SHAREHOLDERS' FUNDS

660,897

739,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 22 December 2016 and were signed by:

F Farzin-Nia - 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 January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Dental Devices and Supplies Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company has

taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Land and buildings freehold

2% per annum straight line

Fixtures, fittings and equipment

25% per annum reducing balance

Motor vehicles

25% per annum 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 is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Employee benefit trusts

The company has created a trust whose beneficiaries will include employees of the Company and their

dependents. Assets held under this trust will be controlled by trustees who will be acting independently and

entirely at their own discretion.

Where assets are held in the trust and these are considered by the company to be in respect of services

already provided by employees to the Company, the Company will account for these as assets of the trust

when payment is made to the trust. The value transferred will be charged in the Company's profit and loss

account for the year to which it relates.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

465,035

Additions

2,864

At 31 March 2016

467,899

DEPRECIATION

At 1 April 2015

76,229

Charge for year

13,506

At 31 March 2016

89,735

NET BOOK VALUE

At 31 March 2016

378,164

At 31 March 2015

388,806

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

100

NET BOOK VALUE

At 31 March 2016

100

At 31 March 2015

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Orthodontic Supplies Limited

Nature of business: Distribution of orthodontic products

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

(175,987

)

(174,574

)

Loss for the year

(1,413

)

(81,192

)

4.

CREDITORS

Creditors include an amount of £ 147,123 (2015 - £ 158,227 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

85,865

100,675

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

F Farzin-Nia

Balance outstanding at start of year

48,025

-

Amounts advanced

55,250

85,763

Amounts repaid

(65,992

)

(37,738

)

Balance outstanding at end of year

37,283

48,025

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) 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 Dental Devices and Supplies Limited for the year ended 31 March 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 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 Dental Devices and Supplies Limited in accordance with the terms of our engagement letter dated 17 December 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Dental Devices and Supplies Limited and state those matters that we have agreed to state to the director of Dental Devices and Supplies 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 Dental Devices and Supplies Limited director for our work or for this report.

It is your duty to ensure that Dental Devices and Supplies 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 loss of Dental Devices and Supplies Limited. You consider that Dental Devices and Supplies 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 Dental Devices and Supplies 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.

Duncan & Toplis Limited

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

22 December 2016