Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity129false 13835002 2023-01-01 2023-12-31 13835002 2022-01-07 2022-12-31 13835002 2023-12-31 13835002 2022-12-31 13835002 c:Director1 2023-01-01 2023-12-31 13835002 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 13835002 d:Buildings d:ShortLeaseholdAssets 2023-12-31 13835002 d:Buildings d:ShortLeaseholdAssets 2022-12-31 13835002 d:PlantMachinery 2023-01-01 2023-12-31 13835002 d:PlantMachinery 2023-12-31 13835002 d:PlantMachinery 2022-12-31 13835002 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13835002 d:MotorVehicles 2023-01-01 2023-12-31 13835002 d:MotorVehicles 2023-12-31 13835002 d:MotorVehicles 2022-12-31 13835002 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13835002 d:ComputerEquipment 2023-01-01 2023-12-31 13835002 d:ComputerEquipment 2023-12-31 13835002 d:ComputerEquipment 2022-12-31 13835002 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13835002 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13835002 d:CurrentFinancialInstruments 2023-12-31 13835002 d:CurrentFinancialInstruments 2022-12-31 13835002 d:Non-currentFinancialInstruments 2023-12-31 13835002 d:Non-currentFinancialInstruments 2022-12-31 13835002 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13835002 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13835002 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13835002 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13835002 d:ShareCapital 2023-12-31 13835002 d:ShareCapital 2022-12-31 13835002 d:RetainedEarningsAccumulatedLosses 2023-12-31 13835002 d:RetainedEarningsAccumulatedLosses 2022-12-31 13835002 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13835002 c:OrdinaryShareClass1 2023-12-31 13835002 c:OrdinaryShareClass1 2022-12-31 13835002 c:FRS102 2023-01-01 2023-12-31 13835002 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13835002 c:FullAccounts 2023-01-01 2023-12-31 13835002 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13835002 d:WithinOneYear 2023-12-31 13835002 d:WithinOneYear 2022-12-31 13835002 d:BetweenOneFiveYears 2023-12-31 13835002 d:BetweenOneFiveYears 2022-12-31 13835002 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 13835002 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 13835002 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 13835002 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 13835002 d:HirePurchaseContracts d:MoreThanFiveYears 2023-12-31 13835002 d:HirePurchaseContracts d:MoreThanFiveYears 2022-12-31 13835002 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 13835002 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13835002













GODIGITAL - DENTAL LABORATORIES LTD
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


 
GODIGITAL - DENTAL LABORATORIES LTD
REGISTERED NUMBER:13835002


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
112,553
162,970

  
112,553
162,970

Current assets
  

Stocks
 5 
33,103
33,103

Debtors: amounts falling due after more than one year
 6 
13,313
13,311

Debtors: amounts falling due within one year
 6 
68,444
104,819

Cash at bank and in hand
 7 
14,791
56,351

  
129,651
207,584

Creditors: amounts falling due within one year
 8 
(338,274)
(239,258)

Net current liabilities
  
 
 
(208,623)
 
 
(31,674)

Total assets less current liabilities
  
(96,070)
131,296

Creditors: amounts falling due after more than one year
 9 
(104,443)
(133,761)

  

Net liabilities
  
(200,513)
(2,465)


Capital and reserves
  

Called up share capital 
 11 
11
11

Profit and loss account
  
(200,524)
(2,476)

  
(200,513)
(2,465)

Page 1


 
GODIGITAL - DENTAL LABORATORIES LTD
REGISTERED NUMBER:13835002

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 October 2024.




M A P Brown
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2


 
GODIGITAL - DENTAL LABORATORIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

GoDigital - Dental Laboratories Ltd (company number: 13835002) is a private company limited by shares and incorporated in England and Wales. Its registered office is 6 Eversley Park, London, England, SW19 4UU.
The principal activity of the company is the provision of dental laboratory services.
The presentational currency is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

During the period ended 31 December 2023 the Company made a loss of £198,048 resulting in a balance sheet deficit of £200,513 at the period end. Of this deficit, £283,680 is owed to related parties (see note 15) who will not request repayment until the company is in a position to meet its ongoing operational liabilities as they fall due.
This result is consistent with the director's expectations during a period in which the company establishes itself in the market place. 
In light of the above and after taking into account all information that could reasonably be expected to be available, the directors are confident that the company will continue in operational existence for the foreseeable future and that the going concern basis is therefore appropriate for the preparation of the company's financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3


 
GODIGITAL - DENTAL LABORATORIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
Plant and machinery
-
25%
Motor vehicles
-
20%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4


 
GODIGITAL - DENTAL LABORATORIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Debtors

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

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

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

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 9).

Page 5


 
GODIGITAL - DENTAL LABORATORIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
20,970
159,167
1,850
-
181,987


Additions
-
-
-
13,145
13,145



At 31 December 2023

20,970
159,167
1,850
13,145
195,132



Depreciation


At 1 January 2023
5,128
13,704
185
-
19,017


Charge for the year on owned assets
6,990
53,056
370
3,146
63,562



At 31 December 2023

12,118
66,760
555
3,146
82,579



Net book value



At 31 December 2023
8,852
92,407
1,295
9,999
112,553



At 31 December 2022
15,842
145,463
1,665
-
162,970




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Short leasehold
8,852
15,842


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Dental Equipment
45,228
142,506

Page 6


 
GODIGITAL - DENTAL LABORATORIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
33,103
33,103



6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
13,313
13,311


2023
2022
£
£

Due within one year

Trade debtors
68,444
103,021

Prepayments and accrued income
-
1,798

68,444
104,819



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
14,791
56,351



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
14,801
22,256

Other taxation and social security
4,266
13,693

Obligations under finance lease and hire purchase contracts
29,318
29,318

Other creditors
286,889
170,551

Accruals and deferred income
3,000
3,440

338,274
239,258


Page 7


 
GODIGITAL - DENTAL LABORATORIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
104,443
133,761



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
29,318
29,318

Between 1-5 years
100,518
112,345

Over 5 years
3,925
21,416

133,761
163,079


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



113 (2022 - 113) Ordinary shares of £0.100000 each
11
11



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,721 (2022: £3,662). Contributions totalling £811 (2022: £411) were payable to the fund at the balance sheet date and are included in creditors.

Page 8


 
GODIGITAL - DENTAL LABORATORIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
53,244
53,244

Later than 1 year and not later than 5 years
10,649
63,893

63,893
117,137


14.


Related party transactions

Material balances and transactions with related parties arising during the year were as follows:

2023
2022
        £
        £
Creditors falling due greater than one year

MAP Brown

107,550

59,996

GJM Cheetham

52,181

29,998

M Slade

103,950

59,996

S Green

19,999

19,999


283,680

169,989


The loans are interest free, unsecured and has no fixed terms of repayment. 
Nature of relationship
MAP Brown, GJM Cheetham, M Slade and S Green are shareholders of the company.


15.


Controlling party

MAP Brown and M Slade have ultimate joint control over the company by virtue of their shareholdings.
 
Page 9