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Company Registration No. 08217340 (England and Wales)
Metadent (UK) Ltd Unaudited accounts for the year ended 30 September 2023
Metadent (UK) Ltd Unaudited accounts Contents
Page
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Metadent (UK) Ltd Company Information for the year ended 30 September 2023
Directors
Dr A DeVivo Ms M DeVivo
Company Number
08217340 (England and Wales)
Registered Office
15 QUEEN STREET KINGS HILL WEST MALLING ME19 4DA ENGLAND
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Metadent (UK) Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
756,567 
757,950 
Tangible assets
58,589 
78,378 
815,156 
836,328 
Current assets
Inventories
10,801 
10,801 
Debtors
444,413 
361,285 
Cash at bank and in hand
5,980 
1,578 
461,194 
373,664 
Creditors: amounts falling due within one year
(440,486)
(309,108)
Net current assets
20,708 
64,556 
Total assets less current liabilities
835,864 
900,884 
Creditors: amounts falling due after more than one year
(414,594)
(501,199)
Provisions for liabilities
Deferred tax
(11,716)
(1,851)
Net assets
409,554 
397,834 
Capital and reserves
Called up share capital
3 
3 
Fair value reserve
504,000 
504,000 
Profit and loss account
(94,449)
(106,169)
Shareholders' funds
409,554 
397,834 
For the year ending 30 September 2023 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 8 July 2024 and were signed on its behalf by
Dr A DeVivo Director Company Registration No. 08217340
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Metadent (UK) Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Metadent (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08217340. The registered office is 15 QUEEN STREET, KINGS HILL, WEST MALLING, ME19 4DA, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
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Metadent (UK) Ltd Notes to the Accounts for the year ended 30 September 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
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.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 October 2022
914,000 
13,828 
927,828 
At 30 September 2023
914,000 
13,828 
927,828 
Amortisation
At 1 October 2022
164,000 
5,878 
169,878 
Charge for the year
- 
1,383 
1,383 
At 30 September 2023
164,000 
7,261 
171,261 
Net book value
At 30 September 2023
750,000 
6,567 
756,567 
At 30 September 2022
750,000 
7,950 
757,950 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
165,951 
2,532 
13,581 
182,064 
Additions
1,765 
- 
1,015 
2,780 
At 30 September 2023
167,716 
2,532 
14,596 
184,844 
Depreciation
At 1 October 2022
92,820 
2,027 
8,839 
103,686 
Charge for the year
18,724 
505 
3,340 
22,569 
At 30 September 2023
111,544 
2,532 
12,179 
126,255 
Net book value
At 30 September 2023
56,172 
- 
2,417 
58,589 
At 30 September 2022
73,131 
505 
4,742 
78,378 
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Metadent (UK) Ltd Notes to the Accounts for the year ended 30 September 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
444,413 
361,285 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
221,064 
118,540 
Obligations under finance leases and hire purchase contracts
47,029 
73,437 
Taxes and social security
136,856 
95,435 
Other creditors
14,337 
496 
Accruals
21,200 
21,200 
440,486 
309,108 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
350,913 
391,489 
Obligations under finance leases and hire purchase contracts
63,681 
109,710 
414,594 
501,199 
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
11,716 
1,851 
2023 
2022 
£ 
£ 
Provision at start of year
1,851 
1,851 
Charged to the profit and loss account
9,865 
- 
Provision at end of year
11,716 
1,851 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dr A DeVivo
Loans to Director
300,573 
83,127 
- 
383,700 
300,573 
83,127 
- 
383,700 
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Metadent (UK) Ltd Notes to the Accounts for the year ended 30 September 2023
12
Transactions with related parties
As At 30/09/2023, Metadent UK Ltd Owes £83,032 to Implant Solutions Ltd
13
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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