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REGISTERED NUMBER: 04899107 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Abbeygate Dental Laboratory Limited

Abbeygate Dental Laboratory Limited (Registered number: 04899107)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Abbeygate Dental Laboratory Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: K R J Young





SECRETARY: Mrs B J Young





REGISTERED OFFICE: Suite 12
Manchester House
113 Northgate Street
Bury St Edmunds
Suffolk
IP33 1HP





REGISTERED NUMBER: 04899107 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Abbeygate Dental Laboratory Limited (Registered number: 04899107)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,475 28,582
22,475 28,582

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 42,612 42,603
Cash at bank and in hand 69,970 53,465
115,582 99,068
CREDITORS
Amounts falling due within one year 7 50,487 44,185
NET CURRENT ASSETS 65,095 54,883
TOTAL ASSETS LESS CURRENT LIABILITIES 87,570 83,465

CREDITORS
Amounts falling due after more than one
year

8

(17,409

)

(22,022

)

PROVISIONS FOR LIABILITIES 11 (4,513 ) (5,431 )
NET ASSETS 65,648 56,012

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 65,548 55,912
SHAREHOLDERS' FUNDS 65,648 56,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Abbeygate Dental Laboratory Limited (Registered number: 04899107)

Statement of Financial Position - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





K R J Young - Director


Abbeygate Dental Laboratory Limited (Registered number: 04899107)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Abbeygate 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and is recognised on despatch.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment, fixtures and fittings - 5 years straight line and Straight line over 2 years
Motor vehicles - 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.


Abbeygate Dental Laboratory Limited (Registered number: 04899107)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 90,000
AMORTISATION
At 1 October 2022
and 30 September 2023 90,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

Abbeygate Dental Laboratory Limited (Registered number: 04899107)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Equipment,
fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2022 55,070 32,999 88,069
Additions 1,305 - 1,305
Disposals (1,146 ) - (1,146 )
At 30 September 2023 55,229 32,999 88,228
DEPRECIATION
At 1 October 2022 54,544 4,943 59,487
Charge for year 398 7,014 7,412
Eliminated on disposal (1,146 ) - (1,146 )
At 30 September 2023 53,796 11,957 65,753
NET BOOK VALUE
At 30 September 2023 1,433 21,042 22,475
At 30 September 2022 526 28,056 28,582

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022
and 30 September 2023 32,550
DEPRECIATION
At 1 October 2022 4,831
Charge for year 6,951
At 30 September 2023 11,782
NET BOOK VALUE
At 30 September 2023 20,768
At 30 September 2022 27,719

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,233 38,920
Other debtors 3,379 3,683
42,612 42,603

Abbeygate Dental Laboratory Limited (Registered number: 04899107)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 4,613 4,436
Trade creditors 21,051 24,898
Taxation and social security 15,090 11,341
Other creditors 9,733 3,510
50,487 44,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 17,409 22,022

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 4,613 4,436
Between one and five years 17,409 22,022
22,022 26,458

Non-cancellable operating leases
2023 2022
£    £   
Within one year 1,557 1,557

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 22,022 26,458

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 4,513 5,431

Abbeygate Dental Laboratory Limited (Registered number: 04899107)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 5,431
Credit to Statement of Income and Retained Earnings during year (918 )
Balance at 30 September 2023 4,513

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100