REGISTERED NUMBER: 03612088 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

SCHOENITZ DENTAL LABORATORY (UK) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R B Stocchi

SECRETARY:

Mr R B Stocchi

REGISTERED OFFICE:

40 The Metro Centre

Dwight Road

Watford

Hertfordshire

WD18 9SB

REGISTERED NUMBER:

03612088 (England and Wales)

ACCOUNTANTS:

Meades Group Limited

39 The Metro Centre

Tolpits Lane

Watford

Hertfordshire

WD18 9SB

FIXED ASSETS

Tangible assets

4

699,862

714,184

CURRENT ASSETS

Stocks

62,799

61,800

Debtors

5

344,409

516,647

Cash at bank

189,344

74,905

596,552

653,352

CREDITORS

Amounts falling due within one year

6

79,771

185,402

NET CURRENT ASSETS

516,781

467,950

TOTAL ASSETS LESS CURRENT LIABILITIES

1,216,643

1,182,134

CREDITORS

Amounts falling due after more than one year

7

140,039

147,684

NET ASSETS

1,076,604

1,034,450

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

(81,673

)

(81,673

)

Retained earnings

1,157,277

1,115,123

1,076,604

1,034,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7th November 2025 and were signed by:

Mr R B Stocchi - Director

1.	STATUTORY INFORMATION

Schoenitz Dental Laboratory (Uk) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

not depreciated

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Revaluation of freehold property

Freehold property is shown at the most recent market valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1st April 2024

and 31st March 2025

630,000

808,307

146,753

1,585,060

DEPRECIATION

At 1st April 2024

-

774,429

96,447

870,876

Charge for year

-

6,776

7,546

14,322

At 31st March 2025

-

781,205

103,993

885,198

NET BOOK VALUE

At 31st March 2025

630,000

27,102

42,760

699,862

At 31st March 2024

630,000

33,878

50,306

714,184

Cost or valuation at 31st March 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Valuation in 2024

108,897

-

-

108,897

Cost

521,103

808,307

146,753

1,476,163

630,000

808,307

146,753

1,585,060

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

304,388

489,423

Deferred tax asset

23,644

27,224

Prepayments and accrued income

16,377

-

344,409

516,647

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,617

31,510

Trade creditors

11,035

23,455

Corporation tax

97

-

Social security and other taxes

14,500

44,538

Other creditors

5,634

5,618

Net wages

-

60,172

Directors' current accounts

49

62

Accrued expenses

17,839

20,047

79,771

185,402

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

140,039

147,684

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

24,634

34,728

Between one and five years

15,776

39,543

40,410

74,271

9.	RELATED PARTY DISCLOSURES

The directors' current account balances included within creditors of £49 (2024 - £62) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.