2023-01-012023-12-312023-12-31false13063014SEMADCE LTD2024-02-12iso4217:GBPxbrli:pure130630142023-01-01130630142023-12-31130630142023-01-012023-12-31130630142022-01-01130630142022-12-31130630142022-01-012022-12-3113063014bus:SmallEntities2023-01-012023-12-3113063014bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113063014bus:FullAccounts2023-01-012023-12-3113063014bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113063014core:WithinOneYear2023-12-3113063014core:AfterOneYear2023-12-3113063014core:WithinOneYear2022-12-3113063014core:AfterOneYear2022-12-3113063014core:ShareCapital2023-12-3113063014core:SharePremium2023-12-3113063014core:RevaluationReserve2023-12-3113063014core:OtherReservesSubtotal2023-12-3113063014core:RetainedEarningsAccumulatedLosses2023-12-3113063014core:ShareCapital2022-12-3113063014core:SharePremium2022-12-3113063014core:RevaluationReserve2022-12-3113063014core:OtherReservesSubtotal2022-12-3113063014core:RetainedEarningsAccumulatedLosses2022-12-3113063014core:LandBuildings2023-12-3113063014core:PlantMachinery2023-12-3113063014core:Vehicles2023-12-3113063014core:FurnitureFittings2023-12-3113063014core:OfficeEquipment2023-12-3113063014core:NetGoodwill2023-12-3113063014core:IntangibleAssetsOtherThanGoodwill2023-12-3113063014core:ListedExchangeTraded2023-12-3113063014core:UnlistedNon-exchangeTraded2023-12-3113063014core:LandBuildings2022-12-3113063014core:PlantMachinery2022-12-3113063014core:Vehicles2022-12-3113063014core:FurnitureFittings2022-12-3113063014core:OfficeEquipment2022-12-3113063014core:NetGoodwill2022-12-3113063014core:IntangibleAssetsOtherThanGoodwill2022-12-3113063014core:ListedExchangeTraded2022-12-3113063014core:UnlistedNon-exchangeTraded2022-12-3113063014core:LandBuildings2023-01-012023-12-3113063014core:PlantMachinery2023-01-012023-12-3113063014core:Vehicles2023-01-012023-12-3113063014core:FurnitureFittings2023-01-012023-12-3113063014core:OfficeEquipment2023-01-012023-12-3113063014core:NetGoodwill2023-01-012023-12-3113063014core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113063014core:ListedExchangeTraded2023-01-012023-12-3113063014core:UnlistedNon-exchangeTraded2023-01-012023-12-3113063014core:MoreThanFiveYears2023-01-012023-12-3113063014core:Non-currentFinancialInstruments2023-12-3113063014core:Non-currentFinancialInstruments2022-12-3113063014dpl:CostSales2023-01-012023-12-3113063014dpl:DistributionCosts2023-01-012023-12-3113063014core:LandBuildings2023-01-012023-12-3113063014core:PlantMachinery2023-01-012023-12-3113063014core:Vehicles2023-01-012023-12-3113063014core:FurnitureFittings2023-01-012023-12-3113063014core:OfficeEquipment2023-01-012023-12-3113063014dpl:AdministrativeExpenses2023-01-012023-12-3113063014core:NetGoodwill2023-01-012023-12-3113063014core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113063014dpl:GroupUndertakings2023-01-012023-12-3113063014dpl:ParticipatingInterests2023-01-012023-12-3113063014dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113063014core:ListedExchangeTraded2023-01-012023-12-3113063014dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113063014core:UnlistedNon-exchangeTraded2023-01-012023-12-3113063014dpl:CostSales2022-01-012022-12-3113063014dpl:DistributionCosts2022-01-012022-12-3113063014core:LandBuildings2022-01-012022-12-3113063014core:PlantMachinery2022-01-012022-12-3113063014core:Vehicles2022-01-012022-12-3113063014core:FurnitureFittings2022-01-012022-12-3113063014core:OfficeEquipment2022-01-012022-12-3113063014dpl:AdministrativeExpenses2022-01-012022-12-3113063014core:NetGoodwill2022-01-012022-12-3113063014core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113063014dpl:GroupUndertakings2022-01-012022-12-3113063014dpl:ParticipatingInterests2022-01-012022-12-3113063014dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113063014core:ListedExchangeTraded2022-01-012022-12-3113063014dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113063014core:UnlistedNon-exchangeTraded2022-01-012022-12-3113063014core:NetGoodwill2023-12-3113063014core:IntangibleAssetsOtherThanGoodwill2023-12-3113063014core:LandBuildings2023-12-3113063014core:PlantMachinery2023-12-3113063014core:Vehicles2023-12-3113063014core:FurnitureFittings2023-12-3113063014core:OfficeEquipment2023-12-3113063014core:AfterOneYear2023-12-3113063014core:WithinOneYear2023-12-3113063014core:ListedExchangeTraded2023-12-3113063014core:UnlistedNon-exchangeTraded2023-12-3113063014core:ShareCapital2023-12-3113063014core:SharePremium2023-12-3113063014core:RevaluationReserve2023-12-3113063014core:OtherReservesSubtotal2023-12-3113063014core:RetainedEarningsAccumulatedLosses2023-12-3113063014core:NetGoodwill2022-12-3113063014core:IntangibleAssetsOtherThanGoodwill2022-12-3113063014core:LandBuildings2022-12-3113063014core:PlantMachinery2022-12-3113063014core:Vehicles2022-12-3113063014core:FurnitureFittings2022-12-3113063014core:OfficeEquipment2022-12-3113063014core:AfterOneYear2022-12-3113063014core:WithinOneYear2022-12-3113063014core:ListedExchange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SEMADCE LTD

Registered Number
13063014
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

SEMADCE LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

COLMENARES FUENTES, Maribel
MADRIGAL CERRO, Sergio

Registered Address

7 Adams Drive
Cressing
Braintree
CM77 8JS

Registered Number

13063014 (England and Wales)
SEMADCE LTD
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets466,49454,011
66,49454,011
Current assets
Stocks510,6485,000
Debtors83620,281
Cash at bank and on hand95,477101,147
106,961126,428
Creditors amounts falling due within one year6(103,427)(84,933)
Net current assets (liabilities)3,53441,495
Total assets less current liabilities70,02895,506
Creditors amounts falling due after one year7(22,946)-
Provisions for liabilities9(16,025)(10,262)
Net assets31,05785,244
Capital and reserves
Called up share capital100100
Profit and loss account30,95785,144
Shareholders' funds31,05785,244
The financial statements were approved and authorised for issue by the Board of Directors on 12 February 2024, and are signed on its behalf by:
COLMENARES FUENTES, Maribel
Director
MADRIGAL CERRO, Sergio
Director

Registered Company No. 13063014
SEMADCE LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
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.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Going concern
Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company’s trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
Revenue from sale of goods
The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year end date is recognised by reference to the state of completion.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Stocks and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.
Related parties
During the year the directors made available a loan to the company. At the year end the balance of the loan was £65,515.58.
2.Average number of employees

20232022
Average number of employees during the year20
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 2366,5648,19974,763
Additions34,647-34,647
At 31 December 23101,2118,199109,410
Depreciation and impairment
At 01 January 2320,752-20,752
Charge for year22,164-22,164
At 31 December 2342,916-42,916
Net book value
At 31 December 2358,2958,19966,494
At 31 December 2245,8128,19954,011
5.Stocks

2023

2022

££
Raw materials and consumables10,6485,000
Total10,6485,000
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables3,5612,210
Bank borrowings and overdrafts65,5161,037
Taxation and social security34,24142,952
Accrued liabilities and deferred income10938,734
Total103,42784,933
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts13,806-
Other creditors9,140-
Total22,946-
8.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts9,140-
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)16,02510,262
Total16,02510,262