REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 July 2024 |
for |
Implant & Ceramic Centre Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 July 2024 |
for |
Implant & Ceramic Centre Limited |
Implant & Ceramic Centre Limited (Registered number: 05180652) |
Contents of the Financial Statements |
for the Year Ended 28 July 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Implant & Ceramic Centre Limited |
Company Information |
for the Year Ended 28 July 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
48 Hucclecote Road |
Gloucester |
Gloucestershire |
GL3 3RS |
BANKERS: |
2 Market Place |
Cirencester |
Gloucestershire |
GL7 2NS |
Implant & Ceramic Centre Limited (Registered number: 05180652) |
Statement of Financial Position |
28 July 2024 |
28/7/24 | 28/7/23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Implant & Ceramic Centre Limited (Registered number: 05180652) |
Statement of Financial Position - continued |
28 July 2024 |
The financial statements were approved by the director and authorised for issue on |
Implant & Ceramic Centre Limited (Registered number: 05180652) |
Notes to the Financial Statements |
for the Year Ended 28 July 2024 |
1. | STATUTORY INFORMATION |
Implant & Ceramic Centre Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its remaining estimated useful life of 1 year. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
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 statement of financial position date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Going concern |
Despite net liabilities of £68,548 (2023 - £116,052), the financial statements have been prepared on a going concern basis. |
The director has reviewed the future cash flows of the business and considers it appropriate to prepare the accounts on a going concern basis. |
Implant & Ceramic Centre Limited (Registered number: 05180652) |
Notes to the Financial Statements - continued |
for the Year Ended 28 July 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
Cost |
At 29 July 2023 |
and 28 July 2024 |
Amortisation |
At 29 July 2023 |
Charge for year |
At 28 July 2024 |
Net book value |
At 28 July 2024 |
At 28 July 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
Cost |
At 29 July 2023 |
Additions |
At 28 July 2024 |
Depreciation |
At 29 July 2023 |
Charge for year |
At 28 July 2024 |
Net book value |
At 28 July 2024 |
At 28 July 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28/7/24 | 28/7/23 |
£ | £ |
Trade debtors |
Other debtors |
Implant & Ceramic Centre Limited (Registered number: 05180652) |
Notes to the Financial Statements - continued |
for the Year Ended 28 July 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28/7/24 | 28/7/23 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 9) |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28/7/24 | 28/7/23 |
£ | £ |
Bank loans |
Hire purchase contracts (see note 9) |
9. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
28/7/24 | 28/7/23 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
28/7/24 | 28/7/23 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
Implant & Ceramic Centre Limited (Registered number: 05180652) |
Notes to the Financial Statements - continued |
for the Year Ended 28 July 2024 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 28 July 2024 and 28 July 2023: |
28/7/24 | 28/7/23 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
At 28 July 2024, the above director owed the company £22,576. Interest of £273 has been charged on this loan at the HMRC official rate. The loan has no set repayment terms. |
11. | RELATED PARTY DISCLOSURES |
Ms C Parker |
Director to 23 April 2024 |
The former director has previously loaned funds to the company. At 28 July 2024, the company owed the former director £nil (2023 £8,815). The loan has been repaid in full during the year. |
Up to when she ceased being a director on 23 April 2024, Ms C Parker has invoiced the company £25,819 for subcontract services supplied. |