Registered number
01959378
COLTENE/WHALEDENT LIMITED
Report and Financial Statements
31 December 2024
COLTENE/WHALEDENT LIMITED
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Independent auditors' report 3
Income statement 4
Statement of financial position 5
Statement of changes in equity 6
Notes to the financial statements 7
COLTENE/WHALEDENT LIMITED
Company Information
Directors
Vik Sharma
Markus Abderhalden
Company Secretary
Vik Sharma
Auditors
Brookfield & Co
18 Concanon Road
London
SW2 5TA
Registered number
01959378
COLTENE/WHALEDENT LIMITED
Registered number: 01959378
Directors' Report
The directors present their report and financial statements for the year ended 31 December 2024.
Principal activities
The company's principal activity during the year continued to be the provision of dental materials
Directors
The following persons served as directors during the year:
Vik Sharma
Markus Abderhalden
Directors' responsibilities
The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board on 10 July 2025 and signed on its behalf.
Vik Sharma
Director
COLTENE/WHALEDENT LIMITED
Independent auditors' report
to the member of COLTENE/WHALEDENT LIMITED
In accordance with the exemption provided by APB Ethical Standard - Provisions Available for Smaller Entities (Revised), we have prepared and submitted the company’s returns to the tax authorities and assisted with the preparation of the accounts.the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditors
As explained more fully in the Statement of Directors' Responsibilities, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.
Scope of the audit of the accounts
A description of the scope of an audit of financial statements is provided on the APB’s website at www.frc.org.uk/auditscopeukprivate
Opinion on the accounts
In our opinion the accounts:
give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion the information given in the Directors' Report and the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the accounts are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
J A Brookfield
(Senior Statutory Auditor)
for and on behalf of
Brookfield & Co 18 Concanon Road
Accountants and Statutory Auditors London
10 July 2025 SW2 5TA
COLTENE/WHALEDENT LIMITED
Income Statement
for the year ended 31 December 2024
Notes 2024 2023
£ £
Turnover 2 1,138,460 1,479,389
Cost of sales (6,039) (7,048)
Gross profit 1,132,421 1,472,341
Administrative expenses (1,552,624) (1,614,834)
Operating Loss 3 (420,203) (142,493)
Interest receivable 2,138 4,170
Loss on ordinary activities before taxation (418,065) (138,323)
Tax on loss on ordinary activities 5 - 31,200
Loss for the financial year (418,065) (107,123)
COLTENE/WHALEDENT LIMITED
Statement of Financial Position
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 6 10,161 20,326
Current assets
Debtors 7 242,661 412,898
Cash at bank and in hand 75,838 224,821
318,499 637,719
Creditors: amounts falling due within one year 8 (392,355) (303,675)
Net Current assets (73,856) 334,044
Net Asets (63,695) 354,370
Capital and reserves
Called up share capital 10 200,000 200,000
Profit and loss account 11 (263,695) 154,370
Total equity (63,695) 354,370
Vik Sharma
Director
Approved by the board on 10 July 2025
COLTENE/WHALEDENT LIMITED
Statement of Changes in Equity
for the year ended 31 December 2024
Share Share Other Profit Total
capital premium reserves and loss
account
£ £ £ £ £
At 1 January 2023 200,000 - - 261,493 461,493
Loss for the financial year (107,123) (107,123)
Dividends - -
At 31 December 2023 200,000 - - 154,370 354,370
At 1 January 2024 200,000 - - 154,370 354,370
Loss for the financial year (418,065) (418,065)
At 31 December 2024 200,000 - - (263,695) (63,695)
COLTENE/WHALEDENT LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Summary of significant accounting policies
Basis of preparation
The financial statements 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.The accounts have been produced on a going concern basis. The company is reliant on the financial support of the holding company who have undertaken to not seek repayment of amounts due to them to the detriment of other creditors with-in a period of one year after the balance sheet date.
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:
Computer hardware over 3 years
Office Equipment over 3 years
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.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Analysis of turnover 2024 2023
£ £
Sale of goods 1,138,460 1,479,389
By geographical market:
UK 1,138,460 1,479,389
3 Operating profit 2024 2023
£ £
This is stated after charging:
Depreciation of owned fixed assets 11,306 10,468
4 Staff costs 2024 2023
£ £
Wages and salaries 829,054 804,661
Other staff costs 83,148 81,497
Other pension costs 32,952 27,260
945,154 913,418
Average number of employees during the year Number Number
Administration 2 2
Sales 14 14
16 16
5 Taxation 2024 2023
£ £
Analysis of charge in period
Current tax:
UK corporation tax on loss of the period - -
Deferred tax:
Origination and reversal of timing differences - (31,200)
Tax on ordinary activities - (31,200)
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2024 2023
£ £
Loss on ordinary activities before taxation (418,065) (138,323)
Standard rate of corporation tax in the UK 19.00% 19.00%
£ £
Loss on ordinary activities multiplied by the standard rate of corporation tax (79,432) (26,281)
Effects of:
Expenses not deductible for tax purposes 79,432 26,281
Current tax charge for period - -
6 Tangible fixed assets
Computer hardware Office Equipment Total
At cost At cost
£ £ £
Cost or valuation
At 1 January 2024 31,344 66,285 97,629
Additions 1,141 - 1,141
Disposals - (32,626) (32,626)
At 31 December 2024 32,485 33,659 66,144
Depreciation
At 1 January 2024 20,051 57,252 77,303
Charge for the year 7,137 4,169 11,306
On disposals - (32,626) (32,626)
At 31 December 2024 27,188 28,795 55,983
Carrying amount
At 31 December 2024 5,297 4,864 10,161
At 31 December 2023 11,293 9,033 20,326
7 Debtors 2024 2023
£ £
Trade debtors 959 5,770
Amounts owed by group undertakings and undertakings in which the company has a participating interest 73,189 277,572
Deferred tax asset (see note 9) 31,200 31,200
Prepayments and accrued income 137,313 98,356
242,661 412,898
8 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 43,986 61,285
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Corporation tax - -
Other taxes and social security costs - -
Other creditors 348,369 242,390
392,355 303,675
9 Deferred taxation 2024 2023
£ £
Tax losses carried forward (31,200) (31,200)
2024 2023
£ £
Credited to the profit and loss account - (31,200)
At 31 December (31,200) (31,200)
10 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 200,000 200,000
11 Profit and loss account 2024 2023
£ £
At 1 January 154,370 261,493
Loss for the financial year (418,065) (107,123)
Dividends - -
At 31 December (263,695) 154,370
12 Dividends 2024 2023
£ £
Dividends on ordinary shares (note 11) - -
13 Other financial commitments
Total future minimum lease payments under non-cancellable operating leases:
Total Total
2024 2023
£ £
Falling due:
within one year 145,193 107,352
within two to five years 336,927 281,564
482,120 388,916
14 Presentation currency
The financial statements are presented in Sterling.
15 Legal form of entity and country of incorporation
COLTENE/WHALEDENT LIMITED is a private company limited by shares and incorporated in England.
16 Principal place of business
The address of the company's principal place of business and registered office is:
The President Suite A, Kendal House, Victoria Way, Burgess Hill, West Susses RH15 9NF
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