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REGISTERED NUMBER: 12724659 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Prime Ceramics Dental Laboratory Limited

Prime Ceramics Dental Laboratory Limited (Registered number: 12724659)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prime Ceramics Dental Laboratory Limited

Company Information
for the Year Ended 31 July 2024







Directors: A J S Bayley
Miss A Scibisz





Secretary:





Registered office: First Floor, Unit 31
Cardiff Business Park
Lambourne Crescent
Llanishen
Cardiff
CF14 5GF





Registered number: 12724659 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Prime Ceramics Dental Laboratory Limited (Registered number: 12724659)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
Fixed assets
Tangible assets 4 431,100 448,965

Current assets
Stocks 5,000 6,000
Debtors 5 40,594 55,500
Cash at bank 112,745 81,874
158,339 143,374
Creditors
Amounts falling due within one year 6 82,916 85,606
Net current assets 75,423 57,768
Total assets less current liabilities 506,523 506,733

Creditors
Amounts falling due after more than one year 7 (243,725 ) (250,626 )

Provisions for liabilities (12,059 ) (12,573 )
Net assets 250,739 243,534

Capital and reserves
Called up share capital 9 100 100
Retained earnings 250,639 243,434
Shareholders' funds 250,739 243,534

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

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

The directors acknowledge their 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.

Prime Ceramics Dental Laboratory Limited (Registered number: 12724659)

Balance Sheet - continued
31 July 2024


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 Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:




A J S Bayley - Director



Miss A Scibisz - Director


Prime Ceramics Dental Laboratory Limited (Registered number: 12724659)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. Statutory information

Prime Ceramics 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

Prime Ceramics Dental Laboratory Limited (Registered number: 12724659)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 August 2023 382,790 128,380 511,170
Additions - 9,429 9,429
At 31 July 2024 382,790 137,809 520,599
Depreciation
At 1 August 2023 7,656 54,549 62,205
Charge for year 7,502 19,792 27,294
At 31 July 2024 15,158 74,341 89,499
Net book value
At 31 July 2024 367,632 63,468 431,100
At 31 July 2023 375,134 73,831 448,965

5. Debtors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade debtors 40,594 55,500

6. Creditors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 26,643 26,643
Hire purchase contracts - 1,175
Trade creditors 8,684 12,231
Taxation and social security 44,647 43,233
Other creditors 2,942 2,324
82,916 85,606

7. Creditors: amounts falling due after more than one year
31.7.24 31.7.23
£    £   
Bank loans 243,725 250,626

Prime Ceramics Dental Laboratory Limited (Registered number: 12724659)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. Secured debts

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Mortgage 258,219 277,268

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary 1 100 100

10. Ultimate controlling party

The company is controlled by the directors who own 100% of the share capital.