REGISTERED NUMBER: 00320774 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

METRODENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G B Needham

M J Toon

M B Mitchell

SECRETARY:

M J Toon

REGISTERED OFFICE:

Lowergate Works

Lowergate

Paddock

Huddersfield

HD3 4EP

REGISTERED NUMBER:

00320774 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Tangible assets

4

60,351

52,752

CURRENT ASSETS

Stock and work in progress

1,329,662

1,294,251

Debtors

5

583,226

773,815

Cash at bank

10,151

5,700

1,923,039

2,073,766

CREDITORS

Amounts falling due within one year

6

1,075,442

1,226,792

NET CURRENT ASSETS

847,597

846,974

TOTAL ASSETS LESS CURRENT LIABILITIES

907,948

899,726

CREDITORS

Amounts falling due after more than one year

7

4,415

14,811

NET ASSETS

903,533

884,915

CAPITAL AND RESERVES

Called up share capital

10

50,000

50,000

Retained earnings

853,533

834,915

SHAREHOLDERS' FUNDS

903,533

884,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 26 September 2025 and were signed on its behalf by:

G B Needham - Director

1.	STATUTORY INFORMATION

Metrodent Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover represents amounts invoiced in respect of sales and work done less returns and allowances, excluding value added tax. Sales are generally recognised when goods are despatched to customers.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.

Depreciation in calculated to write off the assets over their expected useful lives at the following annual rates:

Plant, machinery and fixtures

-

10% and 20% of cost

Computer equipment

-

25% of cost

Motor vehicles

-

25% of cost

Stock and work in progress

Stock and work in progress are stated at the lower of cost and net realisable value. Cost is measured using the weighted average cost basis. In the case of manufactured goods, cost includes attributable manufacturing overheads.

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.

Operating leases

Rentals payable under operating leases are charged to profit and loss account on a straight line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Equipment,

fixtures

and

fittings

£

COST

At 1 January 2024

1,221,228

Additions

21,084

At 31 December 2024

1,242,312

DEPRECIATION

At 1 January 2024

1,168,476

Charge for year

13,485

At 31 December 2024

1,181,961

NET BOOK VALUE

At 31 December 2024

60,351

At 31 December 2023

52,752

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

508,147

724,933

Prepayments and accrued income

75,079

48,882

583,226

773,815

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

41,252

40,263

Trade creditors

428,575

490,273

Social security and other taxes

90,087

77,987

Other creditors

341,935

448,444

Directors' loan accounts

139,361

141,723

Accruals and deferred income

34,232

28,102

1,075,442

1,226,792

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

4,415

14,811

8.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

111,078

94,303

Between one and five years

172,819

197,405

283,897

291,708

9.	SECURED DEBTS

Other creditors include amounts totalling £333,983 (2023 - £436,811) relating to sales invoice finance advances. Debentures including fixed and floating charges over the assets of the company are held as security for this arrangement.

Bank loans and overdrafts include an overdraft of £30,855 (2023 - £30,123), stated after taking into account uncleared transactions, which is secured by fixed and floating charges over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

50,000

Ordinary

£1

50,000

50,000

11.	RELATED PARTIES

Mr G B Needham received the benefit of dividends of £43,610 during the year.