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REGISTERED NUMBER: 12270857 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

D Monitoring UK Limited

D Monitoring UK Limited (Registered number: 12270857)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D Monitoring UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P I Salah



SECRETARY: Pramex International Ltd



REGISTERED OFFICE: 11 Old Jewry
London
EC2R 8DU



REGISTERED NUMBER: 12270857 (England and Wales)



AUDITORS: Baker Tilly Ireland Audit Limited
Chartered Certified Accountants and
Statutory Auditor
9 Exchange Place
International Financial Services Centre
Dublin
Ireland
D01 X8H2



BANKERS: HSBC
Unit 8
Canada Square
London
E14 5AH



OTHER BANKING
PLATFORMS:
- Spendesk
- Tipalti

- Stripe

D Monitoring UK Limited (Registered number: 12270857)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,557 68,506

CURRENT ASSETS
Stocks 152,275 95,749
Debtors 5 755,582 787,713
Cash at bank 752,096 379,910
1,659,953 1,263,372
CREDITORS
Amounts falling due within one year 6 1,259,478 957,443
NET CURRENT ASSETS 400,475 305,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,032

374,435

PROVISIONS FOR LIABILITIES 115,000 -
NET ASSETS 332,032 374,435

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 331,032 373,435
332,032 374,435

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 director and authorised for issue on 1 October 2024 and were signed by:





P I Salah - Director


D Monitoring UK Limited (Registered number: 12270857)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

D Monitoring UK 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 functional currency and 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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectation of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.

There are currently no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover represents amounts receivable, under contracts for the sale of goods and services, net of Value Added Tax. Turnover is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
IT equipment - 33% on cost

D Monitoring UK Limited (Registered number: 12270857)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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

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.

Employees benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

D Monitoring UK Limited (Registered number: 12270857)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, including transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, including of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Ordinary share capital
The ordinary share capital of the company is presented as equity..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 95,735
Additions 2,847
At 31 December 2023 98,582
DEPRECIATION
At 1 January 2023 27,229
Charge for year 24,796
At 31 December 2023 52,025
NET BOOK VALUE
At 31 December 2023 46,557
At 31 December 2022 68,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 642,490 618,283
Other debtors 41,133 102,923
Prepayments 71,959 66,507
755,582 787,713

D Monitoring UK Limited (Registered number: 12270857)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1 83,915
Amounts owed to group undertakings 636,598 313,399
Corporation Tax 9,899 18,877
Social security and other taxes 50,783 69,341
VAT 131,037 110,345
Other creditors 4,776 29,222
Accruals 387,230 326,875
Deferred income 39,154 5,469
1,259,478 957,443

Trade and other creditors are payable at various dates over the coming months in accordance with the suppliers usual customary credit terms.

Taxation and other taxes including social insurance are repayable at various dates over the coming months in accordance with the applicable statutory provisions.

The terms of the accruals are based on underlying contracts.

Amounts owed to group companies are unsecured, interest free and repayable on demand.

7. LEASING AGREEMENTS
The minimum lease payments under non-cancellable operating leases as at 31 December 2023 is £0 ( 2022 :£0).

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aidan Scollard (Senior Statutory Auditor)
for and on behalf of Baker Tilly Ireland Audit Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The direct parent company is Dental Monitoring SAS a company incorporated in France. Its registered office is at 47 avenue Hoche, 75008 Paris, France.

The ultimate controlling party is William Ayache.

D Monitoring UK Limited (Registered number: 12270857)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. CAPITAL COMMITMENTS

The company had no material capital commitments at the financial year ended 31 December 2023.

12. EVENTS AFTER THE END OF THE REPORTING PERIOD

There have been no significant events affecting the company since the financial year end.

13. APPROVAL OF FINANCIAL STATEMENTS

The board of directors approved these financial statements for issue on 01/10/2024.