Registered number
NI073324
Dental Craft Ireland Ltd
Filleted Accounts
31 July 2024
Dental Craft Ireland Ltd
Registered number: NI073324
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 7,771 11,400
Current assets
Stocks 1,702 2,747
Debtors 5 14,742 25,547
Cash at bank and in hand 44,268 64,389
60,712 92,683
Creditors: amounts falling due within one year 6 (23,538) (40,272)
Net current assets 37,174 52,411
Net assets 44,945 63,811
Capital and reserves
Called up share capital 2 2
Profit and loss account 44,943 63,809
Shareholders' funds 44,945 63,811
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Hughes
Director
Approved by the board on 28 April 2025
Dental Craft Ireland Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 10,000
At 31 July 2024 10,000
Amortisation
At 1 August 2023 10,000
At 31 July 2024 10,000
Net book value
At 31 July 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 15,449 14,924 30,373
Additions - - -
Disposals - - -
At 31 July 2024 15,449 14,924 30,373
Depreciation
At 1 August 2023 13,003 5,970 18,973
Charge for the year 644 2,985 3,629
On disposals - - -
At 31 July 2024 13,647 8,955 22,602
Net book value
At 31 July 2024 1,802 5,969 7,771
At 31 July 2023 2,446 8,954 11,400
5 Debtors 2024 2023
£ £
Trade debtors 14,010 24,777
Other debtors 732 770
14,742 25,547
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,291 3,296
Taxation and social security costs 19,015 31,006
Other creditors 2,232 5,970
23,538 40,272
7 Controlling party
The controlling party is Mrs J Hughes by virtue of her ownership of 100% of the issued ordinary share capital in the company.
8 Other information
Dental Craft Ireland Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
23 Simpsons Brae
Waterside
Londonderry
BT47 6DL
Dental Craft Ireland Ltd NI073324 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 J Hughes No description of principal activity NI073324 2022-08-01 2023-07-31 NI073324 core:WithinOneYear 2023-07-31 NI073324 core:ShareCapital 2023-07-31 NI073324 core:RetainedEarningsAccumulatedLosses 2023-07-31 NI073324 2023-08-01 2024-07-31 NI073324 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 NI073324 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 NI073324 bus:Director40 2023-08-01 2024-07-31 NI073324 1 2023-08-01 2024-07-31 NI073324 2 2023-08-01 2024-07-31 NI073324 core:PlantMachinery 2023-08-01 2024-07-31 NI073324 core:Vehicles 2023-08-01 2024-07-31 NI073324 countries:England 2023-08-01 2024-07-31 NI073324 bus:FRS102 2023-08-01 2024-07-31 NI073324 bus:FilletedAccounts 2023-08-01 2024-07-31 NI073324 2024-07-31 NI073324 core:WithinOneYear 2024-07-31 NI073324 core:ShareCapital 2024-07-31 NI073324 core:RetainedEarningsAccumulatedLosses 2024-07-31 NI073324 core:Goodwill 2024-07-31 NI073324 core:PlantMachinery 2024-07-31 NI073324 core:Vehicles 2024-07-31 NI073324 2023-07-31 NI073324 core:Goodwill 2023-07-31 NI073324 core:PlantMachinery 2023-07-31 NI073324 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure