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REGISTERED NUMBER: 05180652 (England and Wales)















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: T J Nicolas



REGISTERED OFFICE: The Estate Barn
Miserden
Stroud
Gloucestershire
GL6 7JA



REGISTERED NUMBER: 05180652 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: HSBC
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 - 2,500
Tangible assets 5 18,764 24,510
18,764 27,010

CURRENT ASSETS
Stocks 4,000 10,000
Debtors 6 58,131 40,899
Cash at bank 1,698 7,059
63,829 57,958
CREDITORS
Amounts falling due within one year 7 127,979 151,581
NET CURRENT LIABILITIES (64,150 ) (93,623 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,386

)

(66,613

)

CREDITORS
Amounts falling due after more than one
year

8

23,162

49,439
NET LIABILITIES (68,548 ) (116,052 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (68,549 ) (116,053 )
SHAREHOLDERS' FUNDS (68,548 ) (116,052 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 July 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.

Implant & Ceramic Centre Limited (Registered number: 05180652)

Statement of Financial Position - continued
28 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 director and authorised for issue on 17 April 2025 and were signed by:





T J Nicolas - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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 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 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 29 July 2023
and 28 July 2024 50,000
Amortisation
At 29 July 2023 47,500
Charge for year 2,500
At 28 July 2024 50,000
Net book value
At 28 July 2024 -
At 28 July 2023 2,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 29 July 2023 213,313 33,194 56,493 303,000
Additions - 510 - 510
At 28 July 2024 213,313 33,704 56,493 303,510
Depreciation
At 29 July 2023 202,133 29,403 46,954 278,490
Charge for year 2,795 1,076 2,385 6,256
At 28 July 2024 204,928 30,479 49,339 284,746
Net book value
At 28 July 2024 8,385 3,225 7,154 18,764
At 28 July 2023 11,180 3,791 9,539 24,510

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/7/24 28/7/23
£    £   
Trade debtors 35,555 5,984
Other debtors 22,576 34,915
58,131 40,899

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 10,289 28,218
Hire purchase contracts (see note 9) 19,186 19,186
Trade creditors 8,045 10,897
Taxation and social security 25,276 25,252
Other creditors 65,183 68,028
127,979 151,581

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/7/24 28/7/23
£    £   
Bank loans 8,773 19,062
Hire purchase contracts (see note 9) 14,389 30,377
23,162 49,439

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 19,186 19,186
Between one and five years 14,389 30,377
33,575 49,563

Non-cancellable operating leases
28/7/24 28/7/23
£    £   
Within one year 24,000 24,000
Between one and five years 96,000 96,000
In more than five years - 24,000
120,000 144,000

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
£    £   
T J Nicolas
Balance outstanding at start of year - -
Amounts advanced 51,867 -
Amounts repaid (29,291 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,576 -

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.