2022-11-012023-10-312023-10-31false07047742IAKAB DENT 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IAKAB DENT LTD

Registered Number
07047742
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

IAKAB DENT LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

IAKAB, Zsolt, Dr

Company Secretary

GRAMA, Ionela Antuaneta

Registered Address

47 West Stonebridge
Orton Malborne
Peterborough
PE2 5LU

Registered Number

07047742 (England and Wales)
IAKAB DENT LTD
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets78,5588,119
8,5588,119
Current assets
Debtors94,03412,430
Cash at bank and on hand10,0121,054
14,04613,484
Creditors amounts falling due within one year10(19,487)(18,688)
Net current assets (liabilities)(5,441)(5,204)
Total assets less current liabilities3,1172,915
Provisions for liabilities11(2,139)(2,030)
Net assets978885
Capital and reserves
Called up share capital22
Profit and loss account976883
Shareholders' funds978885
The financial statements were approved and authorised for issue by the Director on 2 April 2024, and are signed on its behalf by:
IAKAB, Zsolt, Dr
Director
Registered Company No. 07047742
IAKAB DENT LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment25
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.
Stocks policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
5.Employee information

20232022
Average number of employees during the year22
6.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 November 2210,00010,000
At 31 October 2310,00010,000
Amortisation and impairment
At 01 November 2210,00010,000
At 31 October 2310,00010,000
Net book value
At 31 October 23--
At 31 October 22--
7.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 November 2219,0782,76310,88332,724
Additions-1,7251,2492,974
At 31 October 2319,0784,48812,13235,698
Depreciation and impairment
At 01 November 2216,8788996,82824,605
Charge for year5507891,1962,535
At 31 October 2317,4281,6888,02427,140
Net book value
At 31 October 231,6502,8004,1088,558
At 31 October 222,2001,8644,0558,119
8.Directors advances, credits and guarantees
Other Debtors include an amount of £4,034 (2022: £12,430 Dr) related to the directors' loan account Dr Z Iakab.
9.Debtors

2023

2022

££
Other debtors4,03412,430
Total4,03412,430
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables86-
Taxation and social security18,08117,368
Accrued liabilities and deferred income1,3201,320
Total19,48718,688
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)2,1392,030
Total2,1392,030