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Mckillop Dental Equipment Limited
Registered Number:02433132
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Mckillop Dental Equipment Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
02433132
As at 31 October 2023
Mckillop Dental Equipment Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
174,037
149,678
2
174,037
149,678
Current assets
Inventories
277,102
179,349
3
Trade and other receivables
190,763
383,748
4
216,340
Cash and cash equivalents
610,070
1,173,167
684,205
Trade and other payables: amounts falling due within one
year
(309,649)
(753,434)
5
374,556
419,733
Net current assets
Total assets less current liabilities
593,770
524,234
Trade and other payables: amounts falling due after more
than one year
(64,015)
(65,477)
6
528,293
Net assets
460,219
Capital and reserves
Called up share capital
2,250
2,250
Retained earnings
518,293
450,219
Other reserves
7,750
7,750
528,293
460,219
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Simon Michael Pearce Director
Mrs Amanda Jane Pearce Director
These financial statements were approved and authorised for issue by the Board on 08 March 2024 and were signed by:
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4
Registered Number :
02433132
For the year ended 31 October 2023
Mckillop Dental Equipment Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 October 2023
Mckillop Dental Equipment Limited
Notes to the Financial Statements
Statutory Information
Mckillop Dental Equipment Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 02433132.
Registered address:
45A Derby Road
Southport
Merseyside
PR9 0TZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures, fittings & equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 October 2023
Mckillop Dental Equipment Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures,
fittings &
equipment
Motor vehicles
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 November 2022
283,634
55,533
228,101
-
71,614
1,130
39,660
30,824
Additions
-
(40,641)
-
Disposals
(40,641)
At 31 October 2023
30,824
227,120
56,663
314,607
Provision for depreciation and impairment
At 01 November 2022
133,956
48,836
85,120
-
Charge for year
36,575
1,566
34,392
617
(29,961)
-
(29,961)
-
On disposal
At 31 October 2023
140,570
50,402
89,551
617
At 31 October 2023
Net book value
30,207
137,569
6,261
174,037
At 31 October 2022
-
142,981
6,697
149,678
1
3. Inventories
2022
2023
£
£
Stocks
179,349
277,102
4. Trade and other receivables
2022
2023
£
£
Trade debtors
336,439
183,026
Other debtors
47,309
7,737
190,763
383,748
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7
For the year ended 31 October 2023
Mckillop Dental Equipment Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
16,209
14,523
Trade creditors
497,392
199,593
Taxation and social security
78,004
92,887
Accruals and deferred income
3,480
2,646
Other creditors
158,349
-
753,434
309,649
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
65,477
64,015
7. Directors advances and guarantees
At 01/11/2022
Loaned
At 31/10/2023
£
£
£
Mr Simon Michael Pearce
Directors Current Account
20,000
-
20,000
20,000
-
20,000
Mrs Amanda Jane Pearce
Directors Current Account
20,000
-
20,000
20,000
-
20,000
8. Average number of persons employed
During the year the average number of employees was 11 (2022 : 11)
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