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REGISTERED NUMBER: 11394777 (England and Wales)









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: L J Monte
L P Monte





REGISTERED OFFICE: Waldon House
Unit 23C Mandale Park
Belmont Industrial Estate
Durham
DH1 1TH





REGISTERED NUMBER: 11394777 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
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 4 151,540 148,597

CURRENT ASSETS
Stocks 18,768 18,815
Debtors 5 148,893 75,710
Cash at bank and in hand 11,387 10,881
179,048 105,406
CREDITORS
Amounts falling due within one year 6 512,747 318,398
NET CURRENT LIABILITIES (333,699 ) (212,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(182,159

)

(64,395

)

CREDITORS
Amounts falling due after more than one
year

7

(98,211

)

(79,859

)

PROVISIONS FOR LIABILITIES (4,669 ) (1,663 )
NET LIABILITIES (285,039 ) (145,917 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (285,139 ) (146,017 )
SHAREHOLDERS' FUNDS (285,039 ) (145,917 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

3 DENTAL MANUFACTURING LTD (REGISTERED NUMBER: 11394777)

BALANCE SHEET - continued
29th February 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 11th October 2024 and were signed on its behalf by:





L P Monte - Director


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 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 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.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost

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 14 (2023 - 4 ) .

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 153,822 10,358 164,180
Additions - 21,660 21,660
At 29th February 2024 153,822 32,018 185,840
DEPRECIATION
At 1st March 2023 13,976 1,607 15,583
Charge for year 12,882 5,835 18,717
At 29th February 2024 26,858 7,442 34,300
NET BOOK VALUE
At 29th February 2024 126,964 24,576 151,540
At 28th February 2023 139,846 8,751 148,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,729 15,504
Other debtors 119,164 57,411
VAT - 2,795
148,893 75,710

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 59,024 31,567
Hire purchase contracts (see note 8) 4,717 -
Trade creditors 105,377 37,637
Social security and other taxes 20,093 7,849
VAT 9,026 -
Other creditors 38,325 20,536
Amounts owed to group 245,593 189,550
Directors' current accounts 6,628 5,062
Accrued expenses 23,964 26,197
512,747 318,398

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 84,289 79,859
Hire purchase contracts (see note 8) 13,922 -
98,211 79,859

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 4,717 -
Between one and five years 9,205 -
In more than five years 4,717 -
18,639 -

Non-cancellable operating leases
2024 2023
£    £   
In more than five years 171,197 194,542

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: £    £   
100 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.