REGISTERED NUMBER: 00443223 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PLANMECA (UK) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

127,984

51,478

Investments

5

-

-

127,984

51,478

CURRENT ASSETS

Stocks

546,020

1,000,699

Debtors

6

287,203

421,805

Cash at bank and in hand

1,264,873

564,789

2,098,096

1,987,293

CREDITORS

Amounts falling due within one year

7

1,865,413

11,892,366

NET CURRENT ASSETS/(LIABILITIES)

232,683

(9,905,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

360,667

(9,853,595

)

CREDITORS

Amounts falling due after more than one year

8

-

286,319

NET ASSETS/(LIABILITIES)

360,667

(10,139,914

)

CAPITAL AND RESERVES

Called up share capital

11

15,472,910

5,081,505

Retained earnings

12

(15,112,243

)

(15,221,419

)

SHAREHOLDERS' FUNDS

360,667

(10,139,914

)

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 28 July 2025 and were signed on its behalf by:

L O Broadhurst - Director

1.	STATUTORY INFORMATION

Planmeca (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00443223

Registered office:

Unit 3 Oak Court

Pilgrims Walk

Prologis Park

Coventry

West Midlands

CV6 4QH

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounting policies set out below have, unless otherwise stated, been applied consistently throughout the reporting period.

Preparation of consolidated financial statements

The financial statements contain information about Planmeca (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Planvest Oy, Asentajankatu 6, SF-00810, Helsinki, Finland..

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of the financial statements requires the Directors to make estimates and assumptions that affect the reported amounts of turnover, expenses, assets and liabilities, and the disclosure of contingent liabilities at the date of the financial statements. If in the future such estimates and assumptions, which are based on the Directors' best judgement at the date of the financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the year in which the circumstances change.

Going concern

The directors have adopted the going concern basis of preparation for the financial statements based on forecasts, which they have prepared, which show that the company will continue to try and return to profitability in the foreseeable future. These forecasts assume that the company will continue to receive financial support from its parent company, Planmeca Oy for at least the next twelve months.

The financial statements do not include any adjustments that might be required if the application of the going concern basis proves to be inappropriate.

Turnover

Turnover represents amounts receivable from the sale of dental and other healthcare products, provided in the UK and overseas net of trade discounts, VAT and other related taxes. Turnover is recognised on despatch.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Over the period of lease

Fixtures and fittings

-

10% on reducing balance and at varying rates on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Invests in subsidiaries are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks, which relates to finished goods held ready for sale, are stated at the lower of costs and net realisable value. Cost is determined principally on the weighted average basis. Net realisable value is the price at which the stock can be realised in the normal course of business. Provision is made for obsolescent, slow moving and defective stocks.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. All the financial assets and liabilities are initially measured at transaction price and, where applicable, are subsequently measured at amortised cost. Financial assets and liabilities are only offset in the statement of financial position when, and only when, there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when, and only when; the contractual rights to the cash flows from the financial asset expire or are settled; the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

9,744

82,335

63,244

155,323

Additions

-

8,986

92,665

101,651

At 31 January 2025

9,744

91,321

155,909

256,974

DEPRECIATION

At 1 February 2024

5,296

67,264

31,285

103,845

Charge for year

1,473

8,245

15,427

25,145

At 31 January 2025

6,769

75,509

46,712

128,990

NET BOOK VALUE

At 31 January 2025

2,975

15,812

109,197

127,984

At 31 January 2024

4,448

15,071

31,959

51,478

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

2,104

PROVISIONS

At 1 February 2024

and 31 January 2025

2,104

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

This is represented by the holding of 100% of the ordinary share capital in the following dormant companies incorporated in England and Wales;

Alex Bell ( Dental Supplies) Limited

Claudius Ash Sons and Company Limited

Planmeca Limited, formerly J & S Davis Limited

Mouth Care Company Limited

Orthologic Limited

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

168,574

277,958

Other debtors

5,212

14,702

VAT

14,837

-

Prepayments and accrued income

98,580

129,145

287,203

421,805

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

48,459

49,030

Amounts owed to group undertakings

1,643,136

11,690,403

Corporation tax

5,504

290

Social security and other taxes

19,814

28,907

VAT

-

31,129

Accrued expenses

148,500

92,607

1,865,413

11,892,366

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

286,319

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

54,909

55,257

Between one and five years

51,773

73,590

106,682

128,847

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Nordea Bank Abp holds fixed and floating charge dated 03 March 2005 over the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3,981,403

Ordinary A

£1

3,981,403

3,981,403

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

11,491,507

Share capital 1

£1

11,491,507

1,100,102

(2024 - 1,100,102 )

The following shares were issued during the year for cash at par :

10,391,405 Ordinary shares of £1

12.

RESERVES

Retained

earnings

£

At 1 February 2024

(15,221,419

)

Profit for the year

109,176

At 31 January 2025

(15,112,243

)

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Muhammed Shabbir ACA, FCCA (Senior Statutory Auditor)

for and on behalf of Armstrongs Accountancy Ltd

14.	ULTIMATE CONTROLLING PARTY

Planmeca Oy is the immediate parent company of Planmeca (UK) Limited.

Planvest Oy, incorporated in Finland, is regarded by the directors as being the ultimate parent company. Planvest Oy prepares consolidated accounts which include the results of Planmeca (UK) Limited. Copies of these accounts are available from the parent undertaking at their head office at Asentajankatu 6, SF-00810, Helsinki, Finland.