REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2024 |
FOR |
3 DENTAL MANUFACTURING LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2024 |
FOR |
3 DENTAL MANUFACTURING LTD |
3 DENTAL MANUFACTURING LTD (REGISTERED NUMBER: 11394777) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 29th February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
3 DENTAL MANUFACTURING LTD |
COMPANY INFORMATION |
For The Year Ended 29th February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Yard Suite 2.2 |
Gill Bridge Avenue |
Sunderland |
Tyne and Wear |
SR1 3AW |
3 DENTAL MANUFACTURING LTD (REGISTERED NUMBER: 11394777) |
BALANCE SHEET |
29th February 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
3 DENTAL MANUFACTURING LTD (REGISTERED NUMBER: 11394777) |
BALANCE SHEET - continued |
29th February 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
3 DENTAL MANUFACTURING LTD (REGISTERED NUMBER: 11394777) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 29th February 2024 |
1. | STATUTORY INFORMATION |
3 Dental Manufacturing Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Despite having net liabilities at 29 February 2024, the Directors have reviewed the cash flow forecasts for future periods and are confident the company will be able to meet all of its liabilities when they fall due, for the foreseeable future. |
Turnover |
Turnover represents sales of manufactured 3D dental models, and excludes value added tax. Turnover is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Stocks |
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying value of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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. |
3 DENTAL MANUFACTURING LTD (REGISTERED NUMBER: 11394777) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 29th February 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
Government grants |
Grants are recognised within the financial statements in the period where there is reasonable assurance that the grant conditions will be met and that all conditions attaching to the grant will be complied with. |
When the grant relates to an expense, it is recognised as income over the years necessary to match the grant on a systematic basis to the costs that it intends to compensate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
3 DENTAL MANUFACTURING LTD (REGISTERED NUMBER: 11394777) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 29th February 2024 |
4. | TANGIBLE FIXED ASSETS |
Improvements |
to | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1st March 2023 |
Additions |
At 29th February 2024 |
DEPRECIATION |
At 1st March 2023 |
Charge for year |
At 29th February 2024 |
NET BOOK VALUE |
At 29th February 2024 |
At 28th February 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 8) |
Trade creditors |
Social security and other taxes |
VAT | 9,026 | - |
Other creditors |
Amounts owed to group | 245,593 | 189,550 |
Directors' current accounts | 6,628 | 5,062 |
Accrued expenses |
3 DENTAL MANUFACTURING LTD (REGISTERED NUMBER: 11394777) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 29th February 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans greater than 1 year |
Hire purchase contracts (see note 8) |
Amounts falling due in more than five years: |
Repayable by instalments |
Hire purchase | 4,717 | - |
8. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2024 | 2023 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
In more than five years |
Non-cancellable | operating leases |
2024 | 2023 |
£ | £ |
In more than five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Hire Purchase | 18,639 | - |
Hire purchase agreements are secured against the asset to which the agreement relates. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
3 DENTAL MANUFACTURING LTD (REGISTERED NUMBER: 11394777) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 29th February 2024 |
11. | ULTIMATE CONTROLLING PARTY |
The company is owned by its parent company, Additive Manufacturing 3D Technology Ltd. The company is ultimately owned and controlled by its Directors. |