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Company Registration No. 08217340 (England and Wales)
Metadent (UK) Ltd Unaudited accounts for the year ended 30 September 2024
Metadent (UK) Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Metadent (UK) Ltd Company Information for the year ended 30 September 2024
Directors
Dr A DeVivo Ms M DeVivo
Company Number
08217340 (England and Wales)
Registered Office
15 QUEEN STREET KINGS HILL WEST MALLING ME19 4DA ENGLAND
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
- 3 -
Metadent (UK) Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
755,184 
756,567 
Tangible assets
5
38,980 
58,589 
794,164 
815,156 
Current assets
Inventories
12,500 
10,801 
Debtors
6
536,945 
444,413 
Cash at bank and in hand
35 
5,980 
549,480 
461,194 
Creditors: amounts falling due within one year
7
(445,422)
(440,486)
Net current assets
104,058 
20,708 
Total assets less current liabilities
898,222 
835,864 
Creditors: amounts falling due after more than one year
8
(453,131)
(414,594)
Provisions for liabilities
Deferred tax
(7,406)
(11,716)
Net assets
437,685 
409,554 
Capital and reserves
Called up share capital
9
3 
3 
Fair value reserve
504,000 
504,000 
Profit and loss account
(66,318)
(94,449)
Shareholders' funds
437,685 
409,554 
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2025 and were signed on its behalf by
Dr A DeVivo Director Company Registration No. 08217340
- 4 -
Metadent (UK) Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Metadent (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08217340. The registered office is 15 QUEEN STREET, KINGS HILL, WEST MALLING, ME19 4DA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
- 5 -
Metadent (UK) Ltd Notes to the Accounts for the year ended 30 September 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 October 2023
914,000 
13,828 
927,828 
At 30 September 2024
914,000 
13,828 
927,828 
Amortisation
At 1 October 2023
164,000 
7,261 
171,261 
Charge for the year
- 
1,383 
1,383 
At 30 September 2024
164,000 
8,644 
172,644 
Net book value
At 30 September 2024
750,000 
5,184 
755,184 
At 30 September 2023
750,000 
6,567 
756,567 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
167,716 
2,532 
14,596 
184,844 
Additions
442 
2,056 
190 
2,688 
At 30 September 2024
168,158 
4,588 
14,786 
187,532 
Depreciation
At 1 October 2023
111,544 
2,532 
12,179 
126,255 
Charge for the year
19,477 
411 
2,409 
22,297 
At 30 September 2024
131,021 
2,943 
14,588 
148,552 
Net book value
At 30 September 2024
37,137 
1,645 
198 
38,980 
At 30 September 2023
56,172 
- 
2,417 
58,589 
- 6 -
Metadent (UK) Ltd Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,023 
- 
Other debtors
535,922 
444,413 
536,945 
444,413 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
126,464 
221,064 
Obligations under finance leases and hire purchase contracts
30,198 
47,029 
Trade creditors
10,600 
- 
Taxes and social security
176,474 
136,856 
Other creditors
96,686 
14,337 
Accruals
2,000 
21,200 
Deferred income
3,000 
- 
445,422 
440,486 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
419,649 
350,913 
Obligations under finance leases and hire purchase contracts
33,482 
63,681 
453,131 
414,594 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dr A DeVivo
Loans to Director
401,765 
73,445 
- 
475,210 
401,765 
73,445 
- 
475,210 
11
Transactions with related parties
As At 30/09/2024, Metadent UK Ltd Owes £84,304 to Implant Solutions Ltd
12
Average number of employees
During the year the average number of employees was 10 (2023: 7).
- 7 -