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Registered number: 07744458
Complete Dental Solutions Laboratory Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07744458
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 96,564 111,388
96,564 111,388
CURRENT ASSETS
Stocks 6 18,875 17,265
Debtors 7 416,177 306,319
Cash at bank and in hand 24,008 175,754
459,060 499,338
Creditors: Amounts Falling Due Within One Year 8 (244,665 ) (271,065 )
NET CURRENT ASSETS (LIABILITIES) 214,395 228,273
TOTAL ASSETS LESS CURRENT LIABILITIES 310,959 339,661
Creditors: Amounts Falling Due After More Than One Year (145,176 ) (213,769 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,071 ) (16,887 )
NET ASSETS 151,712 109,005
CAPITAL AND RESERVES
Called up share capital 11 101 101
Profit and Loss Account 151,611 108,904
SHAREHOLDERS' FUNDS 151,712 109,005
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P L Leung
Director
03/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Complete Dental Solutions Laboratory Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07744458 . The registered office is 85 Hamilton Street, Atherton, Manchester, M46 0TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. 
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% - Reducing balance method
Motor Vehicles 25% - Reducing balance method
Fixtures & Fittings 25% - Reducing balance method
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.7. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2023: 38)
39 38
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 36,725
As at 30 June 2024 36,725
Amortisation
As at 1 July 2023 36,725
As at 30 June 2024 36,725
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
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Page 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 134,212 32,444 49,363 216,019
Additions 13,820 - - 13,820
As at 30 June 2024 148,032 32,444 49,363 229,839
Depreciation
As at 1 July 2023 74,233 16,634 13,764 104,631
Provided during the period 15,791 3,953 8,900 28,644
As at 30 June 2024 90,024 20,587 22,664 133,275
Net Book Value
As at 30 June 2024 58,008 11,857 26,699 96,564
As at 1 July 2023 59,979 15,810 35,599 111,388
6. Stocks
2024 2023
£ £
Finished goods 18,875 17,265
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 201,049 207,110
Corporation tax recoverable assets 4,807 48,958
Amounts owed by other participating interests 210,321 50,251
416,177 306,319
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,299 1,300
Trade creditors 50,072 67,637
Bank loans and overdrafts 68,116 68,116
Other taxes and social security 19,145 22,635
Other creditors 105,537 110,813
Director's loan account 496 564
244,665 271,065
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9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the assets to which they relate.
2024 2023
£ £
Other Creditors 98,613 103,552
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,299 1,300
Later than five years 868 2,167
2,167 3,467
2,167 3,467
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £3,475.90 (PY £3,812.29) were due to the fund. They are included in Other Creditors.
13. Related Party Transactions
Orthoplus 3dRelated party by virtues of common shareholding and directorshipAt the year end date, Ortho Plus 3D Limited was owed £9,791 (2023 - (£6,639))

Orthoplus 3d

Related party by virtues of common shareholding and directorship

At the year end date, Ortho Plus 3D Limited was owed £9,791 (2023 - (£6,639))

Oraltec LtdRelated party by virtues of common shareholding and directorshipAt the year end date, Oraltec Ltd owed Complete Dental Solutions Laboratory Limited £43,612 (2023 - £43,612)

Oraltec Ltd

Related party by virtues of common shareholding and directorship

At the year end date, Oraltec Ltd owed Complete Dental Solutions Laboratory Limited £43,612 (2023 - £43,612)

Tri Star Developments (Kearsley) LtdRelated party by virtues of common shareholding and directorshipAt the year end date, Tri Star Developments (Kearsley) Ltd owed Complete Dental Solutions Laboratory Limited £176,500 (2023 - £0)

Tri Star Developments (Kearsley) Ltd

Related party by virtues of common shareholding and directorship

At the year end date, Tri Star Developments (Kearsley) Ltd owed Complete Dental Solutions Laboratory Limited £176,500 (2023 - £0)

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