Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05825169 R P Rowe J M Rowe J M Rowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05825169 2023-05-31 05825169 2024-05-31 05825169 2023-06-01 2024-05-31 05825169 frs-core:CurrentFinancialInstruments 2024-05-31 05825169 frs-core:Non-currentFinancialInstruments 2024-05-31 05825169 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05825169 frs-core:NetGoodwill 2024-05-31 05825169 frs-core:NetGoodwill 2023-06-01 2024-05-31 05825169 frs-core:NetGoodwill 2023-05-31 05825169 frs-core:LandBuildings 2024-05-31 05825169 frs-core:LandBuildings 2023-06-01 2024-05-31 05825169 frs-core:LandBuildings 2023-05-31 05825169 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 05825169 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05825169 frs-core:PlantMachinery 2024-05-31 05825169 frs-core:PlantMachinery 2023-06-01 2024-05-31 05825169 frs-core:PlantMachinery 2023-05-31 05825169 frs-core:ShareCapital 2024-05-31 05825169 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05825169 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05825169 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05825169 frs-bus:SmallEntities 2023-06-01 2024-05-31 05825169 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05825169 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05825169 frs-bus:Director1 2023-06-01 2024-05-31 05825169 frs-bus:Director2 2023-06-01 2024-05-31 05825169 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 05825169 frs-countries:EnglandWales 2023-06-01 2024-05-31 05825169 2022-05-31 05825169 2023-05-31 05825169 2022-06-01 2023-05-31 05825169 frs-core:CurrentFinancialInstruments 2023-05-31 05825169 frs-core:Non-currentFinancialInstruments 2023-05-31 05825169 frs-core:ShareCapital 2023-05-31 05825169 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05825169
Vision Dental Ceramics (2006) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05825169
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,600 11,000
Tangible Assets 5 144,725 141,917
153,325 152,917
CURRENT ASSETS
Stocks 37,476 37,137
Debtors 6 134,486 155,063
Cash at bank and in hand 139,357 120,951
311,319 313,151
Creditors: Amounts Falling Due Within One Year 7 (166,563 ) (152,964 )
NET CURRENT ASSETS (LIABILITIES) 144,756 160,187
TOTAL ASSETS LESS CURRENT LIABILITIES 298,081 313,104
Creditors: Amounts Falling Due After More Than One Year 8 (7,353 ) (35,295 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,486 ) (34,089 )
NET ASSETS 255,242 243,720
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 255,142 243,620
SHAREHOLDERS' FUNDS 255,242 243,720
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R P Rowe
Director
5 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vision Dental Ceramics (2006) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05825169 . The registered office is 186 A, Lymington Road, Torquay, Devon, TQ1 4BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 and 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% on cost
Leasehold 10% on cost
Plant & Machinery 10% reducing balance
Fixtures & Fittings 10% reducing balance
2.5. Stocks and Work in Progress
Stocks is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 16)
15 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 87,000
As at 31 May 2024 87,000
Amortisation
As at 1 June 2023 76,000
Provided during the period 2,400
As at 31 May 2024 78,400
Net Book Value
As at 31 May 2024 8,600
As at 1 June 2023 11,000
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 June 2023 27,806 262,316 290,122
Additions - 23,726 23,726
Disposals - (7,526 ) (7,526 )
As at 31 May 2024 27,806 278,516 306,322
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 June 2023 22,245 125,960 148,205
Provided during the period 2,780 15,159 17,939
Disposals - (4,547 ) (4,547 )
As at 31 May 2024 25,025 136,572 161,597
Net Book Value
As at 31 May 2024 2,781 141,944 144,725
As at 1 June 2023 5,561 136,356 141,917
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 112,691 108,163
Other debtors 21,795 46,900
134,486 155,063
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 50,068 43,010
Bank loans and overdrafts 27,942 25,588
Other creditors 60,163 66,630
Taxation and social security 28,390 17,736
166,563 152,964
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,353 35,295
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5