Hoil Dental Laboratory Ltd
Registered number: 07543967
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,482 13,976
Current assets
Debtors 4 17,316 15,027
Cash at bank and in hand 897 8,620
18,213 23,647
Creditors: amounts falling due within one year 5 (552) (1,395)
Net current assets 17,661 22,252
Net assets 28,143 36,228
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,043 36,128
Shareholders' funds 28,143 36,228
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Choi
Director
Approved by the board on 13 September 2024
Hoil Dental Laboratory Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 36,244
At 29 February 2024 36,244
Depreciation
At 1 March 2023 22,268
Charge for the year 3,494
At 29 February 2024 25,762
Net book value
At 29 February 2024 10,482
At 28 February 2023 13,976
4 Debtors 2024 2023
£ £
Trade debtors 6,418 4,559
Other debtors 10,898 10,468
17,316 15,027
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 552 1,395
6 Other information
Hoil Dental Laboratory Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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