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REGISTERED NUMBER: 07084354 (England and Wales)















Ross Campbell Dental Practice Limited

Unaudited Financial Statements

for the year ended

30 November 2021






Ross Campbell Dental Practice Limited (Registered number: 07084354)

Contents of the Financial Statements
for the year ended 30 November 2021










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 9


Ross Campbell Dental Practice Limited

Company Information
for the year ended 30 November 2021







DIRECTORS: R J Campbell
L Campbell





REGISTERED OFFICE: 36 Surrey Street
Norwich
NR1 3NY





REGISTERED NUMBER: 07084354 (England and Wales)





ACCOUNTANTS: Haines Watts Rostrons
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ross Campbell Dental Practice Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ross Campbell Dental Practice Limited for the year ended 30 November 2021 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ross Campbell Dental Practice Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ross Campbell Dental Practice Limited and state those matters that we have agreed to state to the Board of Directors of Ross Campbell Dental Practice Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ross Campbell Dental Practice Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ross Campbell Dental Practice Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ross Campbell Dental Practice Limited. You consider that Ross Campbell Dental Practice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ross Campbell Dental Practice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts Rostrons
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


25 July 2022

Ross Campbell Dental Practice Limited (Registered number: 07084354)

Statement of Financial Position
30 November 2021

2021 2020
Notes £    £   
FIXED ASSETS
Intangible assets 4 140,000 157,500
Property, plant and equipment 5 37,153 61,252
177,153 218,752

CURRENT ASSETS
Inventories 27,358 29,658
Debtors 6 269,739 182,412
Cash at bank and in hand 343,270 125,269
640,367 337,339
CREDITORS
Amounts falling due within one year 7 (160,594 ) (166,941 )
NET CURRENT ASSETS 479,773 170,398
TOTAL ASSETS LESS CURRENT LIABILITIES 656,926 389,150

CREDITORS
Amounts falling due after more than one year 8 (1,746 ) (14,805 )

PROVISIONS FOR LIABILITIES (6,830 ) (11,180 )
NET ASSETS 648,350 363,165

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 648,250 363,065
SHAREHOLDERS' FUNDS 648,350 363,165

Ross Campbell Dental Practice Limited (Registered number: 07084354)

Statement of Financial Position - continued
30 November 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 25 July 2022 and were signed on its behalf by:





R J Campbell - Director


Ross Campbell Dental Practice Limited (Registered number: 07084354)

Notes to the Financial Statements
for the year ended 30 November 2021


1. STATUTORY INFORMATION

Ross Campbell Dental Practice 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold property - 10% on cost
Equipment - 20% on cost and 10% on cost

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

Financial instruments
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.

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 statement of financial position date.


Ross Campbell Dental Practice Limited (Registered number: 07084354)

Notes to the Financial Statements - continued
for the year ended 30 November 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in other income within profit or loss. This includes the Government Coronavirus Job Retention Scheme ('Furlough').

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

Ross Campbell Dental Practice Limited (Registered number: 07084354)

Notes to the Financial Statements - continued
for the year ended 30 November 2021


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 350,000
AMORTISATION
At 1 December 2020 192,500
Charge for year 17,500
At 30 November 2021 210,000
NET BOOK VALUE
At 30 November 2021 140,000
At 30 November 2020 157,500

5. PROPERTY, PLANT AND EQUIPMENT
Leasehold
property Equipment Totals
£    £    £   
COST
At 1 December 2020 11,371 297,317 308,688
Additions - 579 579
Disposals (3,000 ) (37,464 ) (40,464 )
At 30 November 2021 8,371 260,432 268,803
DEPRECIATION
At 1 December 2020 9,141 238,295 247,436
Charge for year 279 24,399 24,678
Eliminated on disposal (3,000 ) (37,464 ) (40,464 )
At 30 November 2021 6,420 225,230 231,650
NET BOOK VALUE
At 30 November 2021 1,951 35,202 37,153
At 30 November 2020 2,230 59,022 61,252

Ross Campbell Dental Practice Limited (Registered number: 07084354)

Notes to the Financial Statements - continued
for the year ended 30 November 2021


5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Equipment
£   
COST
At 1 December 2020 147,568
Transfer to ownership (82,101 )
At 30 November 2021 65,467
DEPRECIATION
At 1 December 2020 104,459
Charge for year 13,093
Transfer to ownership (59,109 )
At 30 November 2021 58,443
NET BOOK VALUE
At 30 November 2021 7,024
At 30 November 2020 43,109

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,280 530
Other debtors 268,459 181,882
269,739 182,412

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 13,059 23,258
Trade creditors 19,858 21,407
Taxation and social security 119,097 70,982
Other creditors 8,580 51,294
160,594 166,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 1,746 14,805

Ross Campbell Dental Practice Limited (Registered number: 07084354)

Notes to the Financial Statements - continued
for the year ended 30 November 2021


9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Hire purchase contracts 14,805 38,063

Hire purchase contracts are secured on the related assets.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2021 and 30 November 2020:

2021 2020
£    £   
R J Campbell and L Campbell
Balance outstanding at start of year 166,931 259,165
Amounts advanced 248,016 175,766
Amounts repaid (167,000 ) (268,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 247,947 166,931

Interest is charged on the loan at a market rate. The loan is unsecured and has no fixed repayment terms.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £167,000 (2020 - £260,000) were paid to the directors .