Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falsefalsesupply of dental equipment.65truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14126907 2023-06-01 2024-05-31 14126907 2022-05-24 2023-05-31 14126907 2024-05-31 14126907 2023-05-31 14126907 c:Director1 2023-06-01 2024-05-31 14126907 c:Director2 2023-06-01 2024-05-31 14126907 d:PlantMachinery 2023-06-01 2024-05-31 14126907 d:PlantMachinery 2024-05-31 14126907 d:PlantMachinery 2023-05-31 14126907 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14126907 d:MotorVehicles 2023-06-01 2024-05-31 14126907 d:MotorVehicles 2024-05-31 14126907 d:MotorVehicles 2023-05-31 14126907 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14126907 d:FurnitureFittings 2023-06-01 2024-05-31 14126907 d:FurnitureFittings 2024-05-31 14126907 d:FurnitureFittings 2023-05-31 14126907 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14126907 d:ComputerEquipment 2023-06-01 2024-05-31 14126907 d:ComputerEquipment 2024-05-31 14126907 d:ComputerEquipment 2023-05-31 14126907 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14126907 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14126907 d:CurrentFinancialInstruments 2024-05-31 14126907 d:CurrentFinancialInstruments 2023-05-31 14126907 d:Non-currentFinancialInstruments 2024-05-31 14126907 d:Non-currentFinancialInstruments 2023-05-31 14126907 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14126907 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14126907 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14126907 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 14126907 d:ShareCapital 2024-05-31 14126907 d:ShareCapital 2023-05-31 14126907 d:RetainedEarningsAccumulatedLosses 2024-05-31 14126907 d:RetainedEarningsAccumulatedLosses 2023-05-31 14126907 c:FRS102 2023-06-01 2024-05-31 14126907 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14126907 c:FullAccounts 2023-06-01 2024-05-31 14126907 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14126907 2 2023-06-01 2024-05-31 14126907 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 14126907













Crown Dental Supply Limited

Financial statements
Information for filing with the registrar

31 May 2024




 
Crown Dental Supply Limited


Balance sheet
At 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
143,711
185,679

  
143,711
185,679

Current assets
  

Stocks
  
104,922
119,348

Debtors
 5 
134,100
129,785

Cash at bank and in hand
  
9,507
21,746

  
248,529
270,879

Creditors: amounts falling due within one year
 6 
(857,676)
(595,777)

Net current liabilities
  
 
 
(609,147)
 
 
(324,898)

Total assets less current liabilities
  
(465,436)
(139,219)

Creditors: amounts falling due after more than one year
 7 
(125,457)
(106,456)

  

Net liabilities
  
(590,893)
(245,675)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(590,895)
(245,677)

Shareholders' deficit
  
(590,893)
(245,675)


1

 
Crown Dental Supply Limited

    
Balance sheet (continued)
At 31 May 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 January 2025.




H K Patel
S Patel
Director
Director

Company registration number: 14126907
The notes on pages 3 to 7 form part of these financial statements.

2

 
Crown Dental Supply Limited
 
 

Notes to the financial statements
Year ended 31 May 2024

1.


General information

Crown Dental Supply Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of the registered office is 3L & 3M Moss Road, Witham, Essex, CM8 3UW.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) and the Companies Act 2006.

 
2.2

Going concern

The directors believe that the company will be able to continue to trade within its working capital facilities for the foreseeable future and with the continued support of the directors and shareholders. They choose to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3

 
Crown Dental Supply Limited
 

 
Notes to the financial statements
Year ended 31 May 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures, fittings and equipment
-
20%
straight line
Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
4

 
Crown Dental Supply Limited
 

 
Notes to the financial statements
Year ended 31 May 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 5).

5

 
Crown Dental Supply Limited
 
 

Notes to the financial statements
Year ended 31 May 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Computer equipment
Total

£
£
£
£
£



Cost


At 1 June 2023
2,249
157,344
20,258
27,765
207,616


Additions
-
-
3,499
779
4,278



At 31 May 2024

2,249
157,344
23,757
28,544
211,894



Depreciation


At 1 June 2023
282
15,249
2,964
3,442
21,937


Charge for the year
450
35,524
4,623
5,649
46,246



At 31 May 2024

732
50,773
7,587
9,091
68,183



Net book value



At 31 May 2024
1,517
106,571
16,170
19,453
143,711



At 31 May 2023
1,967
142,095
17,294
24,323
185,679


5.


Debtors

2024
2023
£
£


Trade debtors
90,913
74,756

Other debtors
35,926
35,000

Prepayments and accrued income
7,261
20,029

134,100
129,785


6

 
Crown Dental Supply Limited
 
 

Notes to the financial statements
Year ended 31 May 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
55,429
-

Trade creditors
99,349
34,921

Other taxation and social security
24,506
2,110

Obligations under finance lease and hire purchase contracts
17,951
17,951

Other creditors
655,341
536,495

Accruals and deferred income
5,100
4,300

857,676
595,777



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
36,953
-

Net obligations under finance leases and hire purchase contracts
88,504
106,456

125,457
106,456



8.


Related party transactions

During the year, the company operated on normal commercial terms with Smile Art Dental Ltd. The amount owed to Smile Art Dental Ltd at 31 May 2024 was £91,000 (2023: £99,000 owed to Smile Art Dental Ltd).

 
7