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JMENDODONTICS LTD

Registered Number
07242559
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

JMENDODONTICS LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

MASIH, Joseph, Dr
MASIH, Sarah
MASIH, Seth Luca

Registered Address

Excel House
3 Duke Street
Bedford
MK40 3HR

Registered Number

07242559 (England and Wales)
JMENDODONTICS LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3200,737220,310
200,737220,310
Current assets
Debtors1,550-
Cash at bank and on hand996,481838,240
998,031838,240
Creditors amounts falling due within one year4(138,556)(120,373)
Net current assets (liabilities)859,475717,867
Total assets less current liabilities1,060,212938,177
Creditors amounts falling due after one year5(136,434)(154,933)
Net assets923,778783,244
Capital and reserves
Called up share capital33
Profit and loss account923,775783,241
Shareholders' funds923,778783,244
The financial statements were approved and authorised for issue by the Board of Directors on 13 December 2024, and are signed on its behalf by:
MASIH, Joseph, Dr
Director
MASIH, Sarah
Director

Registered Company No. 07242559
JMENDODONTICS LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings20
Vehicles20
Office Equipment20
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other 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.
2.Average number of employees

20242023
Average number of employees during the year2220
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 June 23107,9793,34275,4234,765118,742310,251
Additions----3,1993,199
At 31 May 24107,9793,34275,4234,765121,941313,450
Depreciation and impairment
At 01 June 23-2,54028,7611,20457,43689,941
Charge for year-2009,33271212,52822,772
At 31 May 24-2,74038,0931,91669,964112,713
Net book value
At 31 May 24107,97960237,3302,84951,977200,737
At 31 May 23107,97980246,6623,56161,306220,310
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables56,01752,574
Taxation and social security77,13959,661
Accrued liabilities and deferred income5,4008,138
Total138,556120,373
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts136,434154,933
Total136,434154,933