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REGISTERED NUMBER: 06753258 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 November 2024

for

Mercia Dental Equipment Limited

Mercia Dental Equipment Limited (Registered number: 06753258)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mercia Dental Equipment Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: N Stevenson
Mrs L Stevenson





SECRETARY: Mrs L Stevenson





REGISTERED OFFICE: Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB





REGISTERED NUMBER: 06753258 (England and Wales)





ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB

Mercia Dental Equipment Limited (Registered number: 06753258)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 119,822 143,683
119,822 143,683

CURRENT ASSETS
Stocks 6 48,141 51,614
Debtors 7 205,649 355,431
Cash at bank 354,576 140,352
608,366 547,397
CREDITORS
Amounts falling due within one year 8 351,340 360,834
NET CURRENT ASSETS 257,026 186,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,848

330,246

CREDITORS
Amounts falling due after more than one
year

9

(5,189

)

(15,677

)

PROVISIONS FOR LIABILITIES (26,462 ) (32,204 )
NET ASSETS 345,197 282,365

CAPITAL AND RESERVES
Called up share capital 11 500 500
Retained earnings 344,697 281,865
SHAREHOLDERS' FUNDS 345,197 282,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Mercia Dental Equipment Limited (Registered number: 06753258)

Statement of Financial Position - continued
30 November 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 30 May 2025 and were signed on its behalf by:





N Stevenson - Director


Mercia Dental Equipment Limited (Registered number: 06753258)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Mercia Dental Equipment 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 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Mercia Dental Equipment Limited (Registered number: 06753258)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Loans from directors
Any loans from the Director's to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 200,000
AMORTISATION
At 1 December 2023
and 30 November 2024 200,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

Mercia Dental Equipment Limited (Registered number: 06753258)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 22,265 4,967 230,973 12,120 270,325
Additions - - 23,325 - 23,325
Disposals - - (16,628 ) - (16,628 )
At 30 November 2024 22,265 4,967 237,670 12,120 277,022
DEPRECIATION
At 1 December 2023 5,566 4,535 106,454 10,087 126,642
Charge for year 4,176 109 36,963 677 41,925
Eliminated on disposal - - (11,367 ) - (11,367 )
At 30 November 2024 9,742 4,644 132,050 10,764 157,200
NET BOOK VALUE
At 30 November 2024 12,523 323 105,620 1,356 119,822
At 30 November 2023 16,699 432 124,519 2,033 143,683

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023 16,628
Transfer to ownership (16,628 )
At 30 November 2024 -
DEPRECIATION
At 1 December 2023 9,613
Transfer to ownership (9,613 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 7,015

6. STOCKS
2024 2023
£    £   
Stocks 48,141 51,614

Mercia Dental Equipment Limited (Registered number: 06753258)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 187,247 339,940
Called up share capital not paid 500 500
Prepayments 17,902 14,991
205,649 355,431

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,377 10,255
Hire purchase contracts (see note 10) - 3,536
Trade creditors 104,654 226,135
Tax 192,043 84,714
Social security and other taxes 1,242 1,074
VAT 27,598 23,817
Other creditors 276 263
Directors' current accounts 10,940 7,040
Accrued expenses 4,210 4,000
351,340 360,834

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,189 10,255
Bank loans - 2-5 years - 5,127
Hire purchase contracts (see note 10) - 295
5,189 15,677

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 3,536
Between one and five years - 295
- 3,831

Mercia Dental Equipment Limited (Registered number: 06753258)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,574 3,574
Between one and five years 3,574 3,574
In more than five years 2,085 5,659
9,233 12,807

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
300 Ordinary "A" - "D" £1 400 400
500 500