Company Registration No. 02850045 (England and Wales)
CTS DENTAL SUPPLIES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018
CTS DENTAL SUPPLIES LIMITED
COMPANY INFORMATION
Directors
Mr J Lodge
Mrs Y Brown
Secretary
Mr J Lodge
Company number
02850045
Registered office
Three Arch Business Park
Three Arch Road
Redhill
Surrey
RH1 5SS
Accountants
MHA Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
CTS DENTAL SUPPLIES LIMITED
CONTENTS
Page
Directors' report
1
Statement of financial position
2
Notes to the financial statements
3 - 4
CTS DENTAL SUPPLIES LIMITED
DIRECTORS REPORT
FOR THE YEAR ENDED 31 AUGUST 2018
- 1 -
The directors present their annual report and financial statements for the year ended 31 August 2018.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr J Lodge
Mrs Y Brown
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mrs Y Brown
Director
26 February 2019
CTS DENTAL SUPPLIES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2018
31 August 2018
- 2 -
2018
2017
Notes
£
£
£
£
Current assets
Trade and other receivables
2
2
2
Net current assets
2
2
Equity
Called up share capital
3
2
2
For the financial year ended 31 August 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 26 February 2019 and are signed on its behalf by:
Mrs Y Brown
Director
Company Registration No. 02850045
CTS DENTAL SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018
- 3 -
1
Accounting policies
Company information
CTS Dental Supplies Limited is a
private
company
limited by shares
incorporated in England and Wales
.
The registered office is
Three Arch Business Park, Three Arch Road, Redhill, Surrey, RH1 5SS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the year ended
31 August 2018
are the
first
financial statements of
CTS Dental Supplies Limited
prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1
September
201
6
. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Income statement
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Income statement is presented
in these financial statements.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include
debtors
, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost
.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. All called up share capital is allotted and fully paid.
2
Trade and other receivables
2018
2017
Amounts falling due within one year:
£
£
Other receivables
2
2
CTS DENTAL SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2018
- 4 -
3
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and not fully paid
2 ordinary shares of £1 each
2
2
2
2
4
Parent company
The
immediate
parent company is
Alanic Engineering
Limited, a company registered in England and Wales.
The ultimate parent company is CTS Dental Holdings Limited which prepares consolidated financial statements,
copies
of which
can be obtained from
Companies House.