REGISTERED NUMBER: 04899107 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

ABBEYGATE DENTAL LABORATORY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K R J Young

SECRETARY:

Mrs B J Young

REGISTERED OFFICE:

Suite 12

Manchester House

113 Northgate Street

Bury St Edmunds

Suffolk

IP33 1HP

REGISTERED NUMBER:

04899107 (England and Wales)

ACCOUNTANTS:

Ballams

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

14,100

15,012

14,100

15,012

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

38,893

26,183

Cash at bank and in hand

15,417

26,274

57,310

55,457

CREDITORS

Amounts falling due within one year

4

26,776

30,515

NET CURRENT ASSETS

30,534

24,942

TOTAL ASSETS LESS CURRENT LIABILITIES

44,634

39,954

PROVISIONS FOR LIABILITIES

2,536

2,656

NET ASSETS

42,098

37,298

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

41,998

37,198

SHAREHOLDERS' FUNDS

42,098

37,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 25 June 2017 and were signed by:

K R J Young - 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).

Turnover

Turnover represents net invoiced sales of goods.

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 ten 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.

Equipment, fixtures and fittings

-

50% on cost and 20% on cost

Motor vehicles

-

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 is provided in full on timing differences which result in an obligation at the balance sheet

date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they

crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are

included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded

as more likely than not that they will be recovered.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

90,000

AMORTISATION

At 1 October 2015

and 30 September 2016

90,000

NET BOOK VALUE

At 30 September 2016

-

At 30 September 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

51,957

Additions

3,799

At 30 September 2016

55,756

DEPRECIATION

At 1 October 2015

36,945

Charge for year

4,711

At 30 September 2016

41,656

NET BOOK VALUE

At 30 September 2016

14,100

At 30 September 2015

15,012

4.

CREDITORS

Creditors include an amount of £ 0 (2015 - £ 318 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016

and 30 September 2015:

2016

2015

£

£

K R J Young

Balance outstanding at start of year

-

-

Amounts advanced

11,386

-

Amounts repaid

-

-

Balance outstanding at end of year

11,386

-