Company registration number 04205891 (England and Wales)
QUALIDENT LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
QUALIDENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
QUALIDENT LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
138,798
116,182
Current assets
Stocks
230,493
301,115
Debtors
4
240,986
284,702
Cash at bank and in hand
395,426
381,086
866,905
966,903
Creditors: amounts falling due within one year
5
(398,356)
(459,371)
Net current assets
468,549
507,532
Total assets less current liabilities
607,347
623,714
Provisions for liabilities
(26,965)
(25,522)
Net assets
580,382
598,192
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
580,381
598,191
Total equity
580,382
598,192

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 May 2025 and are signed on its behalf by:
Mr R J Fooks
Mr D Baxter
Director
Director
Company registration number 04205891 (England and Wales)
QUALIDENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

QualiDent Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit D Mulberry Court, Stour Road, Christchurch, Dorset, BH23 1PS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
None
Leasehold improvements
Over the term of the lease
Fixtures and fittings
15% reducing balance
Computers
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The estimated residual value of the company's freehold property is believed to be in excess of its net book value. It is the company's policy to maintain this property to a high standard, so that the estimated residual value will not be impaired over time. The costs of this maintenance are charged to the profit and loss account as incurred. The directors are of the opinion that any depreciation in respect of the company's freehold property would be immaterial and consequently no provision is made in the accounts for such depreciation.

1.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

QUALIDENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
10
QUALIDENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
14,096
-
0
52,602
169,607
236,305
Additions
-
0
17,525
266
33,677
51,468
Disposals
-
0
-
0
(1,561)
-
0
(1,561)
At 31 December 2024
14,096
17,525
51,307
203,284
286,212
Depreciation and impairment
At 1 January 2024
-
0
-
0
31,506
88,617
120,123
Depreciation charged in the year
-
0
679
7,222
20,951
28,852
Eliminated in respect of disposals
-
0
-
0
(1,561)
-
0
(1,561)
At 31 December 2024
-
0
679
37,167
109,568
147,414
Carrying amount
At 31 December 2024
14,096
16,846
14,140
93,716
138,798
At 31 December 2023
14,096
-
0
21,096
80,990
116,182
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
226,552
278,955
Other debtors
14,434
5,747
240,986
284,702
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
218,019
216,802
Taxation and social security
35,188
90,615
Other creditors
145,149
151,954
398,356
459,371

Included in other creditors are balances due on hire purchase contracts of £Nil (2023: £2,343) which are secured over the assets to which they relate.

QUALIDENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Class A shares of 1p each
19
19
-
0
-
0
Ordinary Class B shares of 1p each
30
30
-
0
-
0
Ordinary Class C shares of 1p each
51
51
1
1
7
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Within one year
12,500
-
Between two and five years
37,500
-
50,000
-
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