Registered number
09754430
SIRONA MEDICAL LTD
Filleted Accounts
31 December 2023
SIRONA MEDICAL LTD
Registered number: 09754430
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 138,755 165,729
Current assets
Debtors 4 1,482,180 1,550,004
Cash at bank and in hand 24,501 (1,890)
1,506,681 1,548,114
Creditors: amounts falling due within one year 5 (1,989,725) (1,926,712)
Net current liabilities (483,044) (378,598)
Net liabilities (344,289) (212,869)
Capital and reserves
Called up share capital 300 300
Profit and loss account (344,589) (213,169)
Shareholders' funds (344,289) (212,869)
The directors are 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 directors acknowledge their 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.
Mark Burrell
Director
Approved by the board on 20 August 2024
SIRONA MEDICAL LTD
Notes to the Accounts
for the year ended 31 December 2023
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 and value added taxes. Turnover includes revenue earned from the rendering of services. 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:
Office Equipments 25% Straight Line Method
Plant and Machinery Over a useful life of 7 and 8 years
Motor Vehicles 20% Reducing Balance Method
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 25 24
3 Tangible fixed assets
Office Equipments Plant and Machinery Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 3,396 176,416 29,268 209,080
Additions 2,150 - - 2,150
At 31 December 2023 5,546 176,416 29,268 211,230
Depreciation
At 1 January 2023 3,254 33,290 6,807 43,351
Charge for the year 858 23,774 4,492 29,124
At 31 December 2023 4,112 57,064 11,299 72,475
Net book value
At 31 December 2023 1,434 119,352 17,969 138,755
At 31 December 2022 142 143,126 22,461 165,729
4 Debtors 2023 2022
£ £
Trade debtors 700,070 926,077
Deferred tax asset 55,174 55,174
Prepayment and accrued income 26,643 30,281
Other debtors 700,293 538,472
1,482,180 1,550,004
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 248,589 156,666
Obligations under finance lease and hire purchase contracts - -
Trade creditors 170,735 208,027
Taxation and social security costs 434,640 274,478
Invoice Finance Facility 707,448 788,005
Accruals 82,632 84,063
Other creditors 345,681 415,473
1,989,725 1,926,712
6 Other information
SIRONA MEDICAL LTD is a private company limited by shares and incorporated in England. Its registered office is:
Weston House Allen House Business Centre
The Maltings, Station Road
Sawbridgeworth
United Kingdom
CM21 9FP
SIRONA MEDICAL LTD 09754430 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Mark Burrell No description of principal activity 09754430 2021-09-01 2022-12-31 09754430 core:WithinOneYear 2022-12-31 09754430 core:ShareCapital 2022-12-31 09754430 core:RetainedEarningsAccumulatedLosses 2022-12-31 09754430 2023-01-01 2023-12-31 09754430 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09754430 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09754430 bus:Director40 2023-01-01 2023-12-31 09754430 core:LandBuildings 2023-01-01 2023-12-31 09754430 core:PlantMachinery 2023-01-01 2023-12-31 09754430 core:Vehicles 2023-01-01 2023-12-31 09754430 countries:England 2023-01-01 2023-12-31 09754430 bus:FRS102 2023-01-01 2023-12-31 09754430 bus:FilletedAccounts 2023-01-01 2023-12-31 09754430 2023-12-31 09754430 core:WithinOneYear 2023-12-31 09754430 core:ShareCapital 2023-12-31 09754430 core:RetainedEarningsAccumulatedLosses 2023-12-31 09754430 core:LandBuildings 2023-12-31 09754430 core:PlantMachinery 2023-12-31 09754430 core:Vehicles 2023-12-31 09754430 2022-12-31 09754430 core:LandBuildings 2022-12-31 09754430 core:PlantMachinery 2022-12-31 09754430 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure