Registered number
07258725
The Berkshire Dental Laboratory Limited
Filleted Accounts
31 May 2024
The Berkshire Dental Laboratory Limited
Registered number: 07258725
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,477 34,304
Current assets
Stocks 13,627 12,579
Debtors 4 63,784 55,061
Cash at bank and in hand 64,095 166,139
141,506 233,779
Creditors: amounts falling due within one year 5 (46,073) (81,202)
Net current assets 95,433 152,577
Total assets less current liabilities 143,910 186,881
Creditors: amounts falling due after more than one year 6 (10,847) (52,029)
Net assets 133,063 134,852
Capital and reserves
Called up share capital 1 1
Profit and loss account 133,062 134,851
Shareholders' funds 133,063 134,852
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 profit and loss account has not been delivered to the Registrar of Companies.
J Davey
Director
Approved by the board on 22 January 2025
The Berkshire Dental Laboratory Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. 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 accumulative depreciation and any accumulative 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:
Equipment 15% p.a. Reducing balance basis
Furnitue & Fixtures 15% p.a. Straight Line basis
Motor vehicles 25% p.a. Reducing balance basis
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Furniture & Fixtures Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 27,847 73,453 12,101 113,401
Additions - 6,586 15,750 22,336
Disposals - - (6,001) (6,001)
At 31 May 2024 27,847 80,039 21,850 129,736
Depreciation
At 1 June 2023 27,847 41,563 9,687 79,097
Charge for the year - 5,771 1,759 7,530
On disposals - - (5,368) (5,368)
At 31 May 2024 27,847 47,334 6,078 81,259
Net book value
At 31 May 2024 - 32,705 15,772 48,477
At 31 May 2023 - 31,890 2,414 34,304
4 Debtors 2024 2023
£ £
Trade debtors 55,473 51,811
Other debtors 8,311 3,250
63,784 55,061
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 16,653
Trade creditors 15,517 11,925
Taxation and social security costs 15,772 27,664
Other creditors 4,136 24,960
46,073 81,202
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,847 52,029
7 Other information
The Berkshire Dental Laboratory Limited is a private company limited by shares and incorporated in England. Its registered office is:
39 Green Lane
Blackwater
Camberley
Surrey
GU17 9DG
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