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REGISTERED NUMBER: 09752293 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Cinal Ltd

Cinal Ltd (Registered number: 09752293)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cinal Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M Giovarruscio
A Rao





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 09752293 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Cinal Ltd (Registered number: 09752293)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 53,917 82,078
Tangible assets 5 15,624 32,368
69,541 114,446

CURRENT ASSETS
Stocks 10,000 1,000
Debtors 6 199,279 218,139
Cash at bank 6,561 23,288
215,840 242,427
CREDITORS
Amounts falling due within one year 7 294,650 199,267
NET CURRENT (LIABILITIES)/ASSETS (78,810 ) 43,160
TOTAL ASSETS LESS CURRENT LIABILITIES (9,269 ) 157,606

CREDITORS
Amounts falling due after more than one
year

8

(145,024

)

(200,675

)

PROVISIONS FOR LIABILITIES - (9,940 )
NET LIABILITIES (154,293 ) (53,009 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (154,294 ) (53,010 )
(154,293 ) (53,009 )

Cinal Ltd (Registered number: 09752293)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2025 and were signed on its behalf by:





A Rao - Director


Cinal Ltd (Registered number: 09752293)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Cinal 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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of dentistry services in the ordinary course of the company’s activities.

The company recognises revenue when:
- it is in line with work performed for patients;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

For Denplan patients the company recognises revenue:
- evenly across the year as it is received from Denplan;
- when the amount to be received can be reliably measured;
- when it is probable that it will be paid to the company.

Goodwill
Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

Goodwill is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Cinal Ltd (Registered number: 09752293)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Furniture, fittings & equipment - 25% on cost

Stocks
Dental stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

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.

Cinal Ltd (Registered number: 09752293)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

Going concern
At the year end the company had net liabilities of £154,293 (2023 - £53,009). At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors are committed to ensure that the company is able to meet its liabilities on a day to day basis and have pledged to provide financial support to enable the company to meet its liabilities. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Cinal Ltd (Registered number: 09752293)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 280,423 594 281,017
AMORTISATION
At 1 May 2023 198,632 307 198,939
Amortisation for year 28,042 119 28,161
At 30 April 2024 226,674 426 227,100
NET BOOK VALUE
At 30 April 2024 53,749 168 53,917
At 30 April 2023 81,791 287 82,078

5. TANGIBLE FIXED ASSETS
Furniture
fittings
& equipmen
£   
COST
At 1 May 2023 117,999
Additions 215
At 30 April 2024 118,214
DEPRECIATION
At 1 May 2023 85,631
Charge for year 16,959
At 30 April 2024 102,590
NET BOOK VALUE
At 30 April 2024 15,624
At 30 April 2023 32,368

Cinal Ltd (Registered number: 09752293)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 199,279 218,139

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 28,150 17,449
Trade creditors 33,475 2,025
Taxation and social security 1,212 13,848
Other creditors 231,813 165,945
294,650 199,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 141,380 177,759
Other creditors 3,644 22,916
145,024 200,675

Included in bank loans in notes 7 and 8 is a combined balance of £20,833 (2023 - £30,833) which is guaranteed by the government and unsecured.

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Other loans 22,952 46,377
Bank loans 147,379 164,375
170,331 210,752

The other loans are guaranteed by the directors.
The bank loans are secured by a fixed and floating charge over the assets of the company.

Cinal Ltd (Registered number: 09752293)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. PENSION COMMITMENTS

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £300 (2023 - £466) were payable to the fund at the reporting date.

11. OFF BALANCE SHEET COMMITMENTS

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £384,000 (2023 - £8,397).

12. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management

Other related
parties


Total
2024 £ £ £
At start of period 4,478 76,194 80,672
Advanced 624 94,572 95,196
Repaid (165 ) - (165 )
At end of period 4,937 170,766 175,703


Key
management

Other related
parties


Total
2023 £ £ £
At start of the period 3,722 74,118 77,840
Advanced 756 4,976 5,732
Repaid - (2,900 ) (2,900 )
At end of period 4,478 76,194 80,672


The loans from key management are interest free and repayable on demand.

The loans from other related parties are interest free and repayable on demand.

Cinal Ltd (Registered number: 09752293)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. RELATED PARTY DISCLOSURES - continued

Loans to related parties



Other related
parties


Total
2024 £ £
At start of period 206,813 206,813
Advanced 26,022 26,022
Repaid (50,380 ) (50,380 )
At end of period 182,455 182,455


Other related
parties


Total
2023 £ £
At start of period 183,858 183,858
Advanced 57,660 57,660
Repaid (34,705 ) (34,705 )
At end of period 206,813 206,813

The loans to other related parties are interest free and repayable on demand.