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REGISTERED NUMBER: 11998221 (England and Wales)














Financial Statements for the Year Ended 31 January 2024

for

Vivo Dental Lab Limited

Vivo Dental Lab Limited (Registered number: 11998221)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vivo Dental Lab Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr A Tsoutsos
Mr E Marku





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11998221 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Vivo Dental Lab Limited (Registered number: 11998221)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 385,555 414,984

CURRENT ASSETS
Stocks 20,005 20,000
Debtors 5 313,673 156,212
Cash at bank 426,013 292,599
759,691 468,811
CREDITORS
Amounts falling due within one year 6 303,947 313,609
NET CURRENT ASSETS 455,744 155,202
TOTAL ASSETS LESS CURRENT LIABILITIES 841,299 570,186

CREDITORS
Amounts falling due after more than one
year

7

49,842

73,088
NET ASSETS 791,457 497,098

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 791,455 497,096
SHAREHOLDERS' FUNDS 791,457 497,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Vivo Dental Lab Limited (Registered number: 11998221)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




Mr A Tsoutsos - Director



Mr E Marku - Director


Vivo Dental Lab Limited (Registered number: 11998221)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Vivo Dental Lab 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 13 ) .

Vivo Dental Lab Limited (Registered number: 11998221)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 469,477 3,718 18,556 491,751
Additions 60,862 6,689 14,871 82,422
At 31 January 2024 530,339 10,407 33,427 574,173
DEPRECIATION
At 1 February 2023 70,421 1,158 5,188 76,767
Charge for year 102,624 1,388 7,839 111,851
At 31 January 2024 173,045 2,546 13,027 188,618
NET BOOK VALUE
At 31 January 2024 357,294 7,861 20,400 385,555
At 31 January 2023 399,056 2,560 13,368 414,984

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 204,125
DEPRECIATION
At 1 February 2023 37,712
Charge for year 18,933
At 31 January 2024 56,645
NET BOOK VALUE
At 31 January 2024 147,480
At 31 January 2023 166,413

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 302,897 139,850
Other debtors 10,776 16,362
313,673 156,212

Vivo Dental Lab Limited (Registered number: 11998221)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 64,603 53,649
Trade creditors 206,084 157,074
Taxation and social security 20,580 24,837
Other creditors 12,680 78,049
303,947 313,609

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 49,842 73,088

8. RELATED PARTY DISCLOSURES

The Directors Mr A.Tsoutsos and Mr E Marku is considered to be key management personnel.