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Company Registration No. 13557954 (England and Wales)
Implant Solutions Limited Unaudited accounts for the year ended 31 August 2023
Implant Solutions Limited Unaudited accounts Contents
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Implant Solutions Limited Company Information for the year ended 31 August 2023
Director
Antonio De Vivo
Company Number
13557954 (England and Wales)
Registered Office
15 Queens Street Kings Hill West Malling KENT ME19 4DA ENGLAND
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Implant Solutions Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,125 
37,500 
Current assets
Debtors
63,632 
1,359 
Cash at bank and in hand
3,026 
7,547 
66,658 
8,906 
Creditors: amounts falling due within one year
(61,378)
(38,527)
Net current assets/(liabilities)
5,280 
(29,621)
Net assets
33,405 
7,879 
Capital and reserves
Called up share capital
1 
(1)
Profit and loss account
33,404 
7,880 
Shareholders' funds
33,405 
7,879 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 July 2024 and were signed on its behalf by
Antonio De Vivo Director Company Registration No. 13557954
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Implant Solutions Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Implant Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 13557954. The registered office is 15 Queens Street, Kings Hill, West Malling, KENT, ME19 4DA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
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Implant Solutions Limited Notes to the Accounts for the year ended 31 August 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
50,000 
At 31 August 2023
50,000 
Depreciation
At 1 September 2022
12,500 
Charge for the year
9,375 
At 31 August 2023
21,875 
Net book value
At 31 August 2023
28,125 
At 31 August 2022
37,500 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
63,632 
1,359 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
61,378 
28,008 
Loans from directors
- 
10,519 
61,378 
38,527 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
As At 31/08/2023, £62,032 is owed from Metadent UK Ltd to Implant Solutions Ltd.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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