Company registration number 03862649 (England and Wales)
D B Dental Equipment Limited
Unaudited
financial statements
for the year ended 31 October 2023
PAGES FOR FILING WITH REGISTRAR
D B Dental Equipment Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
D B Dental Equipment Limited
Statement of financial position
as at 31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
378,534
242,333
Current assets
Stocks
733,487
987,531
Debtors
614,300
1,009,295
Cash at bank and in hand
617,470
677,918
1,965,257
2,674,744
Creditors: amounts falling due within one year
(2,232,967)
(2,902,382)
Net current liabilities
(267,710)
(227,638)
Total assets less current liabilities
110,824
14,695
Creditors: amounts falling due after more than one year
(18,125)
(10,378)
Net assets
92,699
4,317
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
92,697
4,315
Total equity
92,699
4,317
D B Dental Equipment Limited
Statement of financial position (continued)
as at 31 October 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial 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 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.

The 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 and delivered 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 19 January 2024 and are signed on its behalf by:
D M Bennett
Director
Company Registration No. 03862649
D B Dental Equipment Limited
Notes to the financial statements
for the year ended 31 October 2023
- 3 -
1
Accounting policies
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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance & 33.33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Assets obtained under hire purchase contracts are capitalised as tangible assets and are depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the payments are charged to the profit and loss account on a straight line basis over the period of the agreement.

D B Dental Equipment Limited
Notes to the financial statements (continued)
for the year ended 31 October 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
22
17
3
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 1 November 2022
200,189
330,445
530,634
Additions
2,030
274,544
276,574
Disposals
-
0
(149,756)
(149,756)
At 31 October 2023
202,219
455,233
657,452
Depreciation and impairment
At 1 November 2022
131,123
157,178
288,301
Depreciation charged in the year
10,593
72,460
83,053
Eliminated in respect of disposals
-
0
(92,436)
(92,436)
At 31 October 2023
141,716
137,202
278,918
Carrying amount
At 31 October 2023
60,503
318,031
378,534
At 31 October 2022
69,066
173,267
242,333
4
Parent company

The parent company is DBD (Holdings) Ltd and its registered office is West House, King Cross Road, Halifax, HX1 1EB.

5
Company information

D B Dental Equipment Limited is a private company limited by shares incorporated in England and Wales. The registered office is 53 Smithy Carr Lane, Brighouse, HD6 4BG.

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