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REGISTERED NUMBER: 09503238 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Nexus Dental Laboratory Ltd

Nexus Dental Laboratory Ltd (Registered number: 09503238)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Nexus Dental Laboratory Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr S W Campbell





REGISTERED OFFICE: 30 Whitcliffe Lane
Ripon
England
North Yorkshire
HG4 2JL





REGISTERED NUMBER: 09503238 (England and Wales)






Nexus Dental Laboratory Ltd (Registered number: 09503238)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,971 58,958

CURRENT ASSETS
Stocks 4,000 2,500
Debtors 5 259,669 258,593
Cash at bank and in hand 134,728 111,446
398,397 372,539
CREDITORS
Amounts falling due within one year 6 152,536 165,075
NET CURRENT ASSETS 245,861 207,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,832

266,422

PROVISIONS FOR LIABILITIES 21,844 7,222
NET ASSETS 338,988 259,200

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 338,888 259,100
SHAREHOLDERS' FUNDS 338,988 259,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Nexus Dental Laboratory Ltd (Registered number: 09503238)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





Mr S W Campbell - Director


Nexus Dental Laboratory Ltd (Registered number: 09503238)

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

1. STATUTORY INFORMATION

Nexus Dental Laboratory Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 21 ) .

Nexus Dental Laboratory Ltd (Registered number: 09503238)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 254,177
Additions 97,293
At 31 March 2023 351,470
DEPRECIATION
At 1 April 2022 195,221
Charge for year 41,278
At 31 March 2023 236,499
NET BOOK VALUE
At 31 March 2023 114,971
At 31 March 2022 58,956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 219,056 208,941
Other debtors 40,613 49,652
259,669 258,593

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 65,128 64,986
Taxation and social security 25,589 40,356
Other creditors 61,819 59,733
152,536 165,075

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

Nexus Dental Laboratory Ltd (Registered number: 09503238)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. RESERVES
Retained
earnings
£   

At 1 April 2022 259,100
Profit for the year 161,788
Dividends (82,000 )
At 31 March 2023 338,888