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REGISTERED NUMBER: 08042664 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SKEGNESS DENTAL LABORATORY LIMITED

SKEGNESS DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 08042664)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SKEGNESS DENTAL LABORATORY LIMITED

Company Information
for the year ended 31 December 2024







Director: Mr J C Willis





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 08042664 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

SKEGNESS DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 08042664)

Statement of Financial Position
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,675 1,970

Current assets
Stocks 5 6,762 5,141
Debtors 6 23,703 28,934
Cash at bank 301,105 240,209
331,570 274,284
Creditors
Amounts falling due within one year 7 103,224 76,916
Net current assets 228,346 197,368
Total assets less current liabilities 230,021 199,338

Provisions for liabilities 302 355
Net assets 229,719 198,983

Capital and reserves
Called up share capital 8 1 1
Retained earnings 9 229,718 198,982
Shareholders' funds 229,719 198,983

SKEGNESS DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 08042664)

Statement of Financial Position - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 March 2025 and were signed by:





Mr J C Willis - Director


SKEGNESS DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 08042664)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Skegness Dental Laboratory Limited 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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company has introduced a compliant autoenrolment pension scheme that is open to all eligible employees.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

SKEGNESS DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 08042664)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. Tangible fixed assets
Plant and Office
machinery equipment Totals
£ £ £
Cost
At 1 January 2024
and 31 December 2024 3,161 3,776 6,937
Depreciation
At 1 January 2024 2,404 2,563 4,967
Charge for year 114 181 295
At 31 December 2024 2,518 2,744 5,262
Net book value
At 31 December 2024 643 1,032 1,675
At 31 December 2023 757 1,213 1,970

5. Stocks
2024 2023
£ £
Stock 3,423 2,911
Work-in-progress 3,339 2,230
6,762 5,141

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 22,877 28,557
Other debtors 434 -
Prepayments 392 377
23,703 28,934

7. Creditors: amounts falling due within one year
2024 2023
£ £
Sundry creditors and accruals 6,290 6,673
Corporation tax 18,679 17,130
Social security and other taxes 908 393
Directors' current accounts 77,347 52,720
103,224 76,916

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

SKEGNESS DENTAL LABORATORY LIMITED (REGISTERED NUMBER: 08042664)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


9. Reserves
Retained
earnings
£

At 1 January 2024 198,982
Profit for the year 65,736
Dividends (35,000 )
At 31 December 2024 229,718

10. Related party disclosures

Mr J C Willis
Director


The company paid a dividend of £35,000 during the year. (2023 £35,000).

The company paid a rent of £780 (2023 £780) in respect of using his home as an office and workshop during the year

2024 2023
£ £
Amount due to related party at the balance sheet date 77,347 52,720