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REGISTERED NUMBER: 04625947 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PITSEA DENTAL LABORATORY LIMITED

PITSEA DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 04625947)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PITSEA DENTAL LABORATORY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R J Bastow
Mrs H D Bastow





SECRETARY: Mrs H D Bastow





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 04625947 (England and Wales)





ACCOUNTANTS: Garner-Stevens & Co Ltd
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

PITSEA DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 04625947)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,781 3,311
2,781 3,311

CURRENT ASSETS
Stocks 3,619 4,625
Debtors 6 17,924 18,097
Cash at bank 50,175 49,409
71,718 72,131
CREDITORS
Amounts falling due within one year 7 29,460 25,384
NET CURRENT ASSETS 42,258 46,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,039

50,058

CREDITORS
Amounts falling due after more than one
year

8

11,333

19,333
NET ASSETS 33,706 30,725

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 32,706 29,725
SHAREHOLDERS' FUNDS 33,706 30,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PITSEA DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 04625947)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:




R J Bastow - Director



Mrs H D Bastow - Director


PITSEA DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 04625947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Pitsea Dental Laboratory Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents invoiced sales of goods and services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - at varying rates on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PITSEA DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 04625947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 41,499
AMORTISATION
At 1 January 2023
and 31 December 2023 41,499
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1 6,241 4,173 3,703 14,118
Additions - 399 - - 399
At 31 December 2023 1 6,640 4,173 3,703 14,517
DEPRECIATION
At 1 January 2023 1 5,622 1,779 3,405 10,807
Charge for year - 255 599 75 929
At 31 December 2023 1 5,877 2,378 3,480 11,736
NET BOOK VALUE
At 31 December 2023 - 763 1,795 223 2,781
At 31 December 2022 - 619 2,394 298 3,311

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,924 18,097

PITSEA DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 04625947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 750 631
Tax 12,786 14,289
Social security and other taxes 1,075 1,346
Other creditors 1,066 928
Directors' current accounts 5,783 190
29,460 25,384

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 11,333 19,333

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 19,333 27,333

The bank loan is secured by way of a government backed guarantee.