Registered number: 00460740 | ||||||||
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FOR THE YEAR ENDED 31 MARCH 2017 | ||||||||
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Prepared By: | ||||||||
Keymer Haslam & Co | ||||||||
Chartered Accountants | ||||||||
4/6 Church Road | ||||||||
Burgess Hill | ||||||||
West Sussex | ||||||||
RH15 9AE |
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Dixons Surgical Instruments Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2017 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
Hurricane Way | ||||||||
Wickford Business Park | ||||||||
Wickford | ||||||||
Essex | ||||||||
SS11 8YB | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 00460740 | ||||||||
BANKERS | ||||||||
Lloyds Bank Plc | ||||||||
ACCOUNTANTS | ||||||||
Keymer Haslam & Co | ||||||||
Chartered Accountants | ||||||||
4/6 Church Road | ||||||||
Burgess Hill | ||||||||
West Sussex | ||||||||
RH15 9AE |
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Dixons Surgical Instruments Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 |
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Dixons Surgical Instruments Ltd | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock | 454,064 | 483,999 | ||||||||
Debtors | 3 | 166,015 | 425,802 | |||||||
Cash at bank and in hand |
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706,689 | 913,447 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | 234,246 | 277,096 | |||||||
NET CURRENT ASSETS | 472,443 | 636,351 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 723,501 | 944,612 | ||||||||
CREDITORS: Amounts falling due after more than one year | 5 | 47,499 | 71,635 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 40,130 | 48,780 | ||||||||
NET ASSETS | 635,872 | 824,197 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 1,700 | 1,700 | ||||||||
Share premium account | 1,700 | 1,700 | ||||||||
Profit and loss account | 632,472 | 820,797 | ||||||||
SHAREHOLDERS' FUNDS |
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824,197 | ||||||||
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Dixons Surgical Instruments Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | reducing balance 20% | |||||||
Commercial Vehicles | reducing balance 25% |
1c. Stocks | ||||||||
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
1e. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
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Dixons Surgical Instruments Ltd | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||
Plant and | Commercial | |||||
Machinery | Vehicles | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 April 2016 | 1,137,089 | 10,005 | 1,147,094 | |||
Additions | 5,914 | - | 5,914 | |||
At 31 March 2017 | 1,143,003 | 10,005 | 1,153,008 | |||
Depreciation | ||||||
At 1 April 2016 | 834,456 | 4,377 | 838,833 | |||
For the year | 61,710 | 1,407 | 63,117 | |||
At 31 March 2017 | 896,166 | 5,784 | 901,950 | |||
Net Book Amounts | ||||||
At 31 March 2017 |
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At 31 March 2016 |
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3. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 164,173 | 149,886 | ||||||
UK corporation tax | 143 | 143 | ||||||
Other debtors | - | 274,074 | ||||||
Prepayments | 1,699 | 1,699 | ||||||
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
VAT | 32,319 | 26,048 | ||||||
PAYE control | 13,359 | 10,723 | ||||||
Directors current account | 96,166 | 57,261 | ||||||
Bank loans and overdrafts | - | 95,414 | ||||||
Finance leases | 23,746 | 34,097 | ||||||
Trade creditors | 65,656 | 50,284 | ||||||
Other creditors | - | 269 | ||||||
Accruals | 3,000 | 3,000 | ||||||
234,246 | 277,096 | |||||||
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Dixons Surgical Instruments Ltd | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Finance Leases >1yr | 47,499 | 71,635 | ||||||
47,499 | 71,635 | |||||||
6. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 21 | 21 | ||||
7. LEASE COMMITTMENTS | ||||||||
At 31 March 2017 the company has total committments under operating leases amounting to £390,064 (2016 £427,286). | ||||||||