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REGISTERED NUMBER: 00327337 (England and Wales)


















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASSOCIATED DENTAL PRODUCTS LIMITED

ASSOCIATED DENTAL PRODUCTS LIMITED (REGISTERED NUMBER: 00327337)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


ASSOCIATED DENTAL PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G A Mayoh
Mrs B J Mayoh
Mr C R Mayoh
Mrs J A Perkins
Mr A J Mayoh





SECRETARY: Mrs B J Mayoh





REGISTERED OFFICE: Kemdent Works
Purton
Swindon
Wiltshire
SN5 4HT





REGISTERED NUMBER: 00327337 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU

ASSOCIATED DENTAL PRODUCTS LIMITED (REGISTERED NUMBER: 00327337)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 836,878 806,746

CURRENT ASSETS
Stocks 379,819 378,717
Debtors 549,410 504,302
Cash at bank and in hand 504,654 360,328
1,433,883 1,243,347
CREDITORS
Amounts falling due within one year 691,188 553,284
NET CURRENT ASSETS 742,695 690,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,579,573

1,496,809

CREDITORS
Amounts falling due after more than one
year

(66,726

)

(94,017

)

PROVISIONS FOR LIABILITIES (75,530 ) (68,459 )
NET ASSETS 1,437,317 1,334,333

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 41,012 41,012
Retained earnings 1,396,255 1,293,271
1,437,317 1,334,333

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

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

ASSOCIATED DENTAL PRODUCTS LIMITED (REGISTERED NUMBER: 00327337)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mr C R Mayoh - Director


ASSOCIATED DENTAL PRODUCTS LIMITED (REGISTERED NUMBER: 00327337)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Associated Dental Products 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 for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on cost and 10% on reducing balance

Stocks & work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is included where the outcome of the project may reasonably be determined.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


ASSOCIATED DENTAL PRODUCTS LIMITED (REGISTERED NUMBER: 00327337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 statement of financial position 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.

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 34 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 1,481,592
Additions 67,629
At 31 March 2024 1,549,221
DEPRECIATION
At 1 April 2023 674,846
Charge for year 37,497
At 31 March 2024 712,343
NET BOOK VALUE
At 31 March 2024 836,878
At 31 March 2023 806,746

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Between one and five years 60,000 57,500

6. RELATED PARTY DISCLOSURES

During the year the company paid rent of £60,000 (2023: £57,500) to Associated Dental Products Retirement Security Plan, a pension scheme in which all the company directors are beneficiaries.

ASSOCIATED DENTAL PRODUCTS LIMITED (REGISTERED NUMBER: 00327337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. ULTIMATE CONTROLLING PARTY

Associated Dental Products Limited is a wholly owned subsidiary of Kemdent UK Holdings Limited a company registered in England and Wales.

Registered address:
Kemdent Works
Cricklade Road
Purton
Nr Swindon
Wiltshire
SN5 4HT