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Registration number: 04725687

Dentine Issues Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Dentine Issues Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 11

 

Dentine Issues Limited

Company Information

Directors

Mr David Zollo

Mr Jodi Eric Tabalotny

Ms Katherine Jayne Ballenger

Company secretary

Mr David Zollo

Mr Jodi Eric Tabalotny

Ms Katherine Jayne Ballenger

Registered office

8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

Accountants

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

 

Dentine Issues Limited

Directors' Report for the Year Ended 31 March 2023

The directors present their report and the financial statements for the year ended 31 March 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr David Zollo - Company secretary and director

Mr Jodi Eric Tabalotny - Company secretary and director

Ms Katherine Jayne Ballenger

Principal activity

The principal activity of the company is the provision of goods, services and staff for the use by dental practices.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 8 November 2023 and signed on its behalf by:

.




.........................................
Mr Jodi Eric Tabalotny
Company secretary and director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dentine Issues Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dentine Issues Limited for the year ended 31 March 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Dentine Issues Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dentine Issues Limited and state those matters that we have agreed to state to the Board of Directors of Dentine Issues Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dentine Issues Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dentine Issues Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dentine Issues Limited. You consider that Dentine Issues 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 accounts of Dentine Issues 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 accounts.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

8 November 2023

 

Dentine Issues Limited

(Registration number: 04725687)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

-

14,296

Investments

12

-

 

12

14,296

Current assets

 

Stocks

6

2,063

7,307

Debtors

7

728,008

741,687

Cash at bank and in hand

 

230,854

135,458

 

960,925

884,452

Creditors: Amounts falling due within one year

8

(6,794)

(41,080)

Net current assets

 

954,131

843,372

Total assets less current liabilities

 

954,143

857,668

Creditors: Amounts falling due after more than one year

8

-

(5,720)

Provisions for liabilities

-

(3,735)

Net assets

 

954,143

848,213

Capital and reserves

 

Called up share capital

9

124

72

Capital redemption reserve

12

12

Retained earnings

954,007

848,129

Shareholders' funds

 

954,143

848,213

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Dentine Issues Limited

(Registration number: 04725687)
Balance Sheet as at 31 March 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 November 2023 and signed on its behalf by:
 

.




.........................................

Mr Jodi Eric Tabalotny

Company secretary and director

 

Dentine Issues Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

These financial statements were authorised for issue by the Board on 8 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Contract revenue recognition

Turnover is measured at the fair value of consideration received or receivable, net of discounts, rebates, value added taxes and other sales taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dentine Issues Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

2/5 years straight line

Fixtures, fittings and equipment

4 years straight line

Computer equipment

3 years straight line

Leasehold properties

Straight line over the life of the lease

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Dentine Issues Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

 

Dentine Issues Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

-

6,878

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

65,157

64,706

147,158

277,021

Disposals

(65,157)

(64,706)

(147,158)

(277,021)

At 31 March 2023

-

-

-

-

Depreciation

At 1 April 2022

64,958

60,554

137,213

262,725

Eliminated on disposal

(64,958)

(60,554)

(137,213)

(262,725)

At 31 March 2023

-

-

-

-

Carrying amount

At 31 March 2023

-

-

-

-

At 31 March 2022

199

4,152

9,945

14,296

6

Stocks

2023
£

2022
£

Raw materials and consumables

2,063

7,307

7

Debtors

2023
£

2022
£

Prepayments

189

1,844

Other debtors

727,819

739,843

 

728,008

741,687

 

Dentine Issues Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

10

-

6,240

Taxation and social security

 

4,166

30,884

Other creditors

 

2,628

3,956

 

6,794

41,080

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

-

5,720

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

40

40

24

24

Ordinary D shares of £1 each

60

60

24

24

Redeemable preference P shares of £1 each

24

24

24

24

 

124

124

72

72

 

Dentine Issues Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

10

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

-

5,720

2023
£

2022
£

Current loans and borrowings

Bank borrowings

-

6,240

11

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £Nil (2022 - £12,713). The President and Scholars of Saint John Baptist College in the University of Oxford hold a rent deposit from the company in accordance with terms of a deed.

12

Related party transactions

Loans to related parties

Accessible Orthodontics (O) Ltd

Included within debtors within one year is an amount of £83,821 (2022 - £25,122) due from Accessible Orthodontics (O) Ltd, a company connected by way of shareholding. The loan is interest free and has no set repayment terms.

Accessible Orthodontics (TJV) Ltd

Included within debtors within one year is an amount of £965 (2022 - £0) due from Accessible Orthodontics (TJV) Ltd, a company connected by common directors. The loan is interest free and has no set repayment terms.

 

Loans from related parties

Accessible Orthodontics (TJV) Ltd

Included within creditors within one year is an amount of £0 (2022 - £622) due to Accessible Orthodontics (TJV) Ltd, a company connected by common directors. This loan is interest free and has no set repayment terms.