IRIS Accounts Production v24.3.2.46 11868706 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118687062023-03-31118687062024-03-31118687062023-04-012024-03-31118687062022-03-31118687062022-04-012023-03-31118687062023-03-3111868706ns15:EnglandWales2023-04-012024-03-3111868706ns14:PoundSterling2023-04-012024-03-3111868706ns10:Director12023-04-012024-03-3111868706ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111868706ns10:SmallEntities2023-04-012024-03-3111868706ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111868706ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111868706ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111868706ns10:FullAccounts2023-04-012024-03-3111868706ns10:OrdinaryShareClass12023-04-012024-03-3111868706ns5:CurrentFinancialInstruments2024-03-3111868706ns5:CurrentFinancialInstruments2023-03-3111868706ns5:Non-currentFinancialInstruments2024-03-3111868706ns5:Non-currentFinancialInstruments2023-03-3111868706ns5:ShareCapital2024-03-3111868706ns5:ShareCapital2023-03-3111868706ns5:RetainedEarningsAccumulatedLosses2024-03-3111868706ns5:RetainedEarningsAccumulatedLosses2023-03-3111868706ns10:RegisteredOffice2023-04-012024-03-3111868706ns5:LandBuildings2023-03-3111868706ns5:PlantMachinery2023-03-3111868706ns5:LandBuildings2023-04-012024-03-3111868706ns5:PlantMachinery2023-04-012024-03-3111868706ns5:LandBuildings2024-03-3111868706ns5:PlantMachinery2024-03-3111868706ns5:LandBuildings2023-03-3111868706ns5:PlantMachinery2023-03-3111868706ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111868706ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3111868706ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 11868706 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DENTALIVING LTD

DENTALIVING LTD (REGISTERED NUMBER: 11868706)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


DENTALIVING LTD (REGISTERED NUMBER: 11868706)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 162,829 197,715

CURRENT ASSETS
Debtors 5 735,252 187,155
Cash at bank 350,176 750,401
1,085,428 937,556
CREDITORS
Amounts falling due within one year 6 (564,515 ) (542,549 )
NET CURRENT ASSETS 520,913 395,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

683,742

592,722

CREDITORS
Amounts falling due after more than one year 7 (9,638 ) (26,674 )
NET ASSETS 674,104 566,048

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 674,004 565,948
SHAREHOLDERS' FUNDS 674,104 566,048

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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Dr W Fazel - Director


DENTALIVING LTD (REGISTERED NUMBER: 11868706)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dentaliving Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11868706

Registered office: Primera Accountants Limited
First Floor Spitalfields House
Stirling way
Borehamwood
WD6 2FX

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.

Significant judgement and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 20% on reducing balance
Land and buildings - over 15 years

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

DENTALIVING LTD (REGISTERED NUMBER: 11868706)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

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

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

DENTALIVING LTD (REGISTERED NUMBER: 11868706)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 43,663 262,028 305,691
DEPRECIATION
At 1 April 2023 5,822 102,154 107,976
Charge for year 2,911 31,975 34,886
At 31 March 2024 8,733 134,129 142,862
NET BOOK VALUE
At 31 March 2024 34,930 127,899 162,829
At 31 March 2023 37,841 159,874 197,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 52,288 49,110
Other debtors 682,964 138,045
735,252 187,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 17,035 17,035
Taxation and social security 47,648 34,352
Other creditors 499,832 491,162
564,515 542,549

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 9,638 26,674

DENTALIVING LTD (REGISTERED NUMBER: 11868706)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £611,540 (2023: £65,946) owed by companies in which the directors have an interest.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by directors.