Registered number
09701612
Hoil Dental Manufacture Solutions Ltd
Filleted Accounts
31 December 2024
Hoil Dental Manufacture Solutions Ltd
Registered number: 09701612
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,379,834 2,118,741
Current assets
Stocks 214,057 -
Debtors 4 3,693,484 1,042,357
Cash at bank and in hand 2,174,248 2,530,084
6,081,789 3,572,441
Creditors: amounts falling due within one year 5 (789,330) (187,897)
Net current assets 5,292,459 3,384,544
Net assets 7,672,293 5,503,285
Capital and reserves
Called up share capital 200 200
Profit and loss account 7,672,093 5,503,085
Shareholders' funds 7,672,293 5,503,285
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.
H I Choi
Director
Approved by the board on 29 May 2025
Hoil Dental Manufacture Solutions Ltd
Notes to the Accounts
for the period from 1 August 2023 to 31 December 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.
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:
Office equipment 20% straight line
Fixtures and furniture 20% reducing balance
Motor vehicle 20% reducing balance
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 28 22
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicle Total
£ £ £ £
Cost
At 1 August 2023 1,006,636 1,829,237 78,939 2,914,812
Additions - 728,398 - 728,398
At 31 December 2024 1,006,636 2,557,635 78,939 3,643,210
Depreciation
At 1 August 2023 - 767,653 28,418 796,071
Charge for the period - 453,833 13,472 467,305
At 31 December 2024 - 1,221,486 41,890 1,263,376
Net book value
At 31 December 2024 1,006,636 1,336,149 37,049 2,379,834
At 31 July 2023 1,006,636 1,061,584 50,521 2,118,741
4 Debtors 2024 2023
£ £
Trade debtors 564,923 527,319
Other debtors 3,128,561 515,038
3,693,484 1,042,357
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 487,628 115,519
Taxation and social security costs 300,262 44,578
Other creditors 1,440 27,800
789,330 187,897
6 Other information
Hoil Dental Manufacture Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
26C Lyon Road
Walton-On-Thames
Surrey
KT12 3PU
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