Acorah Software Products - Accounts Production 16.0.110 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12050992 Mr Nikolay Chochev Ms Desislava Nikolova N D Solutions Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12050992 2023-06-30 12050992 2024-06-30 12050992 2023-07-01 2024-06-30 12050992 frs-core:CurrentFinancialInstruments 2024-06-30 12050992 frs-core:Non-currentFinancialInstruments 2024-06-30 12050992 frs-core:BetweenOneFiveYears 2024-06-30 12050992 frs-core:ComputerEquipment 2024-06-30 12050992 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12050992 frs-core:ComputerEquipment 2023-06-30 12050992 frs-core:FurnitureFittings 2024-06-30 12050992 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12050992 frs-core:FurnitureFittings 2023-06-30 12050992 frs-core:NetGoodwill 2024-06-30 12050992 frs-core:NetGoodwill 2023-07-01 2024-06-30 12050992 frs-core:NetGoodwill 2023-06-30 12050992 frs-core:MotorVehicles 2024-06-30 12050992 frs-core:MotorVehicles 2023-07-01 2024-06-30 12050992 frs-core:MotorVehicles 2023-06-30 12050992 frs-core:PlantMachinery 2024-06-30 12050992 frs-core:PlantMachinery 2023-07-01 2024-06-30 12050992 frs-core:PlantMachinery 2023-06-30 12050992 frs-core:WithinOneYear 2024-06-30 12050992 frs-core:ShareCapital 2024-06-30 12050992 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12050992 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12050992 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12050992 frs-bus:SmallEntities 2023-07-01 2024-06-30 12050992 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12050992 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12050992 1 2023-07-01 2024-06-30 12050992 frs-bus:Director1 2023-07-01 2024-06-30 12050992 frs-bus:Director2 2023-07-01 2024-06-30 12050992 frs-core:CurrentFinancialInstruments 1 2024-06-30 12050992 frs-core:CurrentFinancialInstruments 2 2024-06-30 12050992 frs-countries:EnglandWales 2023-07-01 2024-06-30 12050992 2022-06-30 12050992 2023-06-30 12050992 2022-07-01 2023-06-30 12050992 frs-core:CurrentFinancialInstruments 2023-06-30 12050992 frs-core:Non-currentFinancialInstruments 2023-06-30 12050992 frs-core:BetweenOneFiveYears 2023-06-30 12050992 frs-core:WithinOneYear 2023-06-30 12050992 frs-core:ShareCapital 2023-06-30 12050992 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12050992 frs-core:CurrentFinancialInstruments 1 2023-06-30 12050992 frs-core:CurrentFinancialInstruments 2 2023-06-30
Registered number: 12050992
Dentalnova Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12050992
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 132,500 159,000
Tangible Assets 5 113,407 141,435
245,907 300,435
CURRENT ASSETS
Stocks 6 2,514 3,763
Debtors 7 37,835 136
Cash at bank and in hand 11,571 49,953
51,920 53,852
Creditors: Amounts Falling Due Within One Year 8 (228,856 ) (217,998 )
NET CURRENT ASSETS (LIABILITIES) (176,936 ) (164,146 )
TOTAL ASSETS LESS CURRENT LIABILITIES 68,971 136,289
Creditors: Amounts Falling Due After More Than One Year 9 (78,925 ) (84,574 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,394 ) (26,873 )
NET (LIABILITIES)/ASSETS (36,348 ) 24,842
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account (36,349 ) 24,841
SHAREHOLDERS' FUNDS (36,348) 24,842
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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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Nikolay Chochev
Director
13/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dentalnova Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12050992 . The registered office is Celtic House, Caxton Place, Pentwyn, Cardiff, CF23 8HA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 of 10 years.
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 Reducing balance at 25%
Motor Vehicles Reducing balance at 25%
Fixtures & Fittings Reducing balance at 25%
Computer Equipment Straight line at 33%
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.
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.
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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 year 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 asset reflects 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: 8 (2023: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 265,000
As at 30 June 2024 265,000
Amortisation
As at 1 July 2023 106,000
Provided during the period 26,500
As at 30 June 2024 132,500
Net Book Value
As at 30 June 2024 132,500
As at 1 July 2023 159,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 192,692 59,490 2,257 4,942 259,381
Additions 8,121 - - 1,507 9,628
As at 30 June 2024 200,813 59,490 2,257 6,449 269,009
...CONTINUED
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Depreciation
As at 1 July 2023 96,977 14,873 1,487 4,609 117,946
Provided during the period 25,959 11,154 193 350 37,656
As at 30 June 2024 122,936 26,027 1,680 4,959 155,602
Net Book Value
As at 30 June 2024 77,877 33,463 577 1,490 113,407
As at 1 July 2023 95,715 44,617 770 333 141,435
6. Stocks
2024 2023
£ £
Stock 2,514 3,763
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 136
Intercompany debtors 37,835 -
37,835 136
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,456 11,262
Trade creditors 11,398 -
Bank loans and overdrafts 5,118 640
Corporation tax 5,645 5,569
Other taxes and social security 1,946 669
Intercompany creditors - 18,342
Pension liabilities 343 382
Accrued expenses 3,376 2,637
Directors' loan accounts 192,574 178,497
228,856 217,998
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 42,292 47,941
Bank loans 36,633 36,633
78,925 84,574
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,456 11,262
Later than one year and not later than five years 42,292 47,941
50,748 59,203
50,748 59,203
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
12. Related Party Transactions
As at balance sheet date, the company owed the directors: £192,574 (2023 : £178,497).

The directors of the company are also directors of N D Solutions Ltd. During the year, N D Solutions Ltd owed the company : £37,835 (2023 - The company owed N D Solutions Ltd : £18,342).
13. Ultimate Controlling Party
The company's ultimate controlling party is N D Solutions Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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