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REGISTERED NUMBER: 06803075 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KNIGHT DENTAL DESIGN LTD

KNIGHT DENTAL DESIGN LTD (REGISTERED NUMBER: 06803075)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNIGHT DENTAL DESIGN LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A F Knight
D G Knight





SECRETARY: D G Knight





REGISTERED OFFICE: 92 Swingate Lane
Plumstead Common
London
SE18 2HL





REGISTERED NUMBER: 06803075 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

KNIGHT DENTAL DESIGN LTD (REGISTERED NUMBER: 06803075)

BALANCE SHEET
31 December 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 262,500 312,500
Tangible assets 5 152,408 154,281
414,908 466,781

CURRENT ASSETS
Stocks 7,000 6,500
Debtors 6 313,298 304,686
Cash at bank 306,210 329,311
626,508 640,497
CREDITORS
Amounts falling due within one year 7 71,534 118,534
NET CURRENT ASSETS 554,974 521,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

969,882

988,744

CREDITORS
Amounts falling due after more than one
year

8

(14,814

)

(24,963

)

PROVISIONS FOR LIABILITIES (63,137 ) (61,716 )
NET ASSETS 891,931 902,065

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 891,831 901,965
SHAREHOLDERS' FUNDS 891,931 902,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

KNIGHT DENTAL DESIGN LTD (REGISTERED NUMBER: 06803075)

BALANCE SHEET - continued
31 December 2023


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:





D G Knight - Director


KNIGHT DENTAL DESIGN LTD (REGISTERED NUMBER: 06803075)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Knight Dental Design Ltd 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 represents net invoiced sales of goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on reducing balance and 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.

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.

KNIGHT DENTAL DESIGN LTD (REGISTERED NUMBER: 06803075)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 1,000,000
AMORTISATION
At 1 January 2023 687,500
Charge for year 50,000
At 31 December 2023 737,500
NET BOOK VALUE
At 31 December 2023 262,500
At 31 December 2022 312,500

KNIGHT DENTAL DESIGN LTD (REGISTERED NUMBER: 06803075)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 5,714 472,551 478,265
Additions - 40,942 40,942
At 31 December 2023 5,714 513,493 519,207
DEPRECIATION
At 1 January 2023 4,569 319,415 323,984
Charge for year 571 42,244 42,815
At 31 December 2023 5,140 361,659 366,799
NET BOOK VALUE
At 31 December 2023 574 151,834 152,408
At 31 December 2022 1,145 153,136 154,281


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 136,307 216,829
Other debtors 176,991 87,857
313,298 304,686

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 10,149 9,894
Trade creditors 24,388 60,718
Tax 12,250 10,847
Social security and other taxes 9,641 11,432
Other creditors 8,912 9,581
Accruals and deferred income 6,194 16,062
71,534 118,534

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans - 2-5 years 14,814 24,963

KNIGHT DENTAL DESIGN LTD (REGISTERED NUMBER: 06803075)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
as restated
£    £   
A F Knight and D G Knight
Balance outstanding at start of year 83,673 63,994
Amounts advanced 183,411 302,190
Amounts repaid (133,530 ) (282,511 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 133,554 83,673

Overdrawn balances are charged at the official rate of interest.