Company Registration No. 13158806 (England and Wales)
Dental Systems Ltd
Unaudited accounts
for the year ended 31 May 2024
Dental Systems Ltd
Unaudited accounts
Contents
Dental Systems Ltd
Company Information
for the year ended 31 May 2024
Directors
Danniel Brian Lang
Laura Emily Frances Lang
Company Number
13158806 (England and Wales)
Registered Office
32 Garfield Street
Kettering
NN15 6BU
England
Accountants
PHA Accountants Limited
Timsons Business Centre
Bath Road
Kettering
Northamptonshire
NN16 8NQ
Dental Systems Ltd
Accountants' report
Accountants' report to the board of directors of Dental Systems Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Dental Systems Ltd for the year ended
31 May 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Dental Systems Ltd, as a body, in accordance with the terms of our engagement letter dated 22 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of Dental Systems Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dental Systems Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Dental Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dental Systems Ltd. You consider that Dental Systems Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dental Systems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
PHA Accountants Limited
Timsons Business Centre
Bath Road
Kettering
Northamptonshire
NN16 8NQ
9 August 2024
Dental Systems Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
56,731
23,191
Cash at bank and in hand
113,749
53,566
Creditors: amounts falling due within one year
(132,349)
(76,671)
Net current assets
78,425
13,120
Total assets less current liabilities
135,156
36,311
Creditors: amounts falling due after more than one year
(55,159)
(12,605)
Provisions for liabilities
Deferred tax
(10,779)
(4,406)
Called up share capital
100
100
Profit and loss account
69,118
19,200
Shareholders' funds
69,218
19,300
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by
Danniel Brian Lang
Director
Company Registration No. 13158806
Dental Systems Ltd
Notes to the Accounts
for the year ended 31 May 2024
Dental Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 13158806. The registered office is 32 Garfield Street, Kettering, NN15 6BU, 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.
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
Motor vehicles
20% - Reducing balance
Computer equipment
33% - Straight line
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.
The company operates a workplace pension scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Dental Systems Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
6,720
19,366
3,987
30,073
Additions
-
36,187
5,471
41,658
At 31 May 2024
6,720
55,553
9,458
71,731
At 1 June 2023
1,680
3,873
1,329
6,882
Charge for the year
1,260
3,701
3,157
8,118
At 31 May 2024
2,940
7,574
4,486
15,000
At 31 May 2024
3,780
47,979
4,972
56,731
At 31 May 2023
5,040
15,493
2,658
23,191
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
47,979
15,493
Amounts falling due within one year
Trade debtors
91,128
36,225
Accrued income and prepayments
5,897
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
25,008
-
Obligations under finance leases and hire purchase contracts
9,189
3,420
Trade creditors
23,188
38,783
Taxes and social security
14,254
4,592
Loans from directors
10,071
23,443
Dental Systems Ltd
Notes to the Accounts
for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
39,494
12,605
8
Transactions with related parties
During the year, the dividends of £29,492 (2023: £24,744) were paid to the Directors.
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).