Registered number
08628809
The Denture Suite Limited
Filleted Accounts
30 June 2024
The Denture Suite Limited
Registered number: 08628809
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,687 3,129
Current assets
Stocks 1,700 1,200
Debtors 4 25,428 29,564
Cash at bank and in hand 11,291 10,214
38,419 40,978
Creditors: amounts falling due within one year 5 (48,181) (34,651)
Net current (liabilities)/assets (9,762) 6,327
Total assets less current liabilities 8,925 9,456
Creditors: amounts falling due after more than one year 6 (1,426) (7,348)
Provisions for liabilities (746) (735)
Net assets 6,753 1,373
Capital and reserves
Called up share capital 4 4
Profit and loss account 6,749 1,369
Shareholders' funds 6,753 1,373
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies' regime. The statement of income and retained earnings has not been delivered to the Registrar of Companies.
……………………………………
Mrs M Hewitt
Director
Approved by the board on 22 November 2024
The Denture Suite Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
The principal accounting policies adopted in the preparation of the accounts are set out below; they have remained unchanged from the previous period and have been consistently applied:
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland, Section 1A (small entities). There have been no material departures from that standard.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% on reducing balance
Laboratory building 5% on reducing balance
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 amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Government-backed loans
Government-backed loans provided in response to COVID-19 are initially recognised at transaction price and subsequently measured at amortised cost determined using the effective interest method. Loan interest paid by Government, in accordance with the terms of these loans, is included in the accounts as interest payable and as government grants received.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2.00 1.25
3 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 1 July 2023 - 4,582 4,582
Additions 16,707 - 16,707
At 30 June 2024 16,707 4,582 21,289
Depreciation
At 1 July 2023 - 1,453 1,453
Charge for the year 835 314 1,149
At 30 June 2024 835 1,767 2,602
Net book value
At 30 June 2024 15,872 2,815 18,687
At 30 June 2023 - 3,129 3,129
4 Debtors 2024 2023
£ £
Trade debtors 25,279 17,134
Other debtors 149 12,430
25,428 29,564
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,750 5,575
Taxation and social security costs 40,940 27,924
Other creditors 1,491 1,152
48,181 34,651
6 Creditors: amounts falling due after more than one year 2024 2023
£ £
Bank loans 1,426 7,348
7 Loans to directors
During the year the company made advances to directors. No interest was paid on these amounts, and no significant conditions were stipulated. These advances, together with amounts repaid, are set out below: B/fwd Paid Repaid C/fwd
£ £ £ £
Total loans to directors 12,208 144,449 (156,741) (84)
The above amounts include no individually material advances, together with individually material repayments of £12,500, £12,650 and £95,850. The maximum balance during the year was £81,203.
8 Other information
The Denture Suite Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Ralls House, Parklands Business Park, Forest Road, Denmead, Waterlooville, Hants, PO7 6XP.
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