Caseware UK (AP4) 2021.0.152 2021.0.152 2020-12-01falsedental practice54falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09443576 2019-12-01 2020-11-30 09443576 2020-12-01 2021-11-30 09443576 2021-11-30 09443576 2020-11-30 09443576 c:Director1 2020-12-01 2021-11-30 09443576 d:Buildings 2020-12-01 2021-11-30 09443576 d:Buildings 2021-11-30 09443576 d:Buildings 2020-11-30 09443576 d:Buildings d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 09443576 d:PlantMachinery 2020-12-01 2021-11-30 09443576 d:PlantMachinery 2021-11-30 09443576 d:PlantMachinery 2020-11-30 09443576 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 09443576 d:FurnitureFittings 2020-12-01 2021-11-30 09443576 d:FurnitureFittings 2021-11-30 09443576 d:FurnitureFittings 2020-11-30 09443576 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 09443576 d:ComputerEquipment 2020-12-01 2021-11-30 09443576 d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 09443576 d:Goodwill 2020-12-01 2021-11-30 09443576 d:Goodwill 2021-11-30 09443576 d:Goodwill 2020-11-30 09443576 d:CurrentFinancialInstruments 2021-11-30 09443576 d:CurrentFinancialInstruments 2020-11-30 09443576 d:Non-currentFinancialInstruments 2021-11-30 09443576 d:Non-currentFinancialInstruments 2020-11-30 09443576 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 09443576 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 09443576 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 09443576 d:Non-currentFinancialInstruments d:AfterOneYear 2020-11-30 09443576 d:ShareCapital 2021-11-30 09443576 d:ShareCapital 2020-11-30 09443576 d:RetainedEarningsAccumulatedLosses 2021-11-30 09443576 d:RetainedEarningsAccumulatedLosses 2020-11-30 09443576 c:FRS102 2020-12-01 2021-11-30 09443576 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 09443576 c:FullAccounts 2020-12-01 2021-11-30 09443576 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 09443576 2 2020-12-01 2021-11-30 09443576 d:Goodwill d:OwnedIntangibleAssets 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure
Registered number: 09443576













Aligned Dental Care Limited

Financial statements
Information for filing with the registrar

30 November 2021




 
Aligned Dental Care Limited


Statement of financial position
As at 30 November 2021

2021
2020
Note
£
£

Fixed assets
  

Intangible assets
 4 
133,238
159,886

Tangible assets
 5 
282,392
245,929

  
415,630
405,815

Current assets
  

Stocks
  
3,500
2,500

Debtors: amounts falling due within one year
 6 
180,185
23,310

Bank and cash balances
  
96,305
94,756

  
279,990
120,566

Creditors: amounts falling due within one year
 7 
(90,869)
(106,853)

Net current assets
  
 
 
189,121
 
 
13,713

Total assets less current liabilities
  
604,751
419,528

Creditors: amounts falling due after more than one year
 8 
(227,441)
(250,678)

Provisions for liabilities
  

Deferred tax
  
(24,735)
(13,400)

  
 
 
(24,735)
 
 
(13,400)

Net assets
  
352,575
155,450


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
352,375
155,250

  
352,575
155,450


1

 
Aligned Dental Care Limited

    
Statement of financial position (continued)
As at 30 November 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2022.




Anika Maini Gandhi
Director

Registered number: 09443576
The notes on pages 3 to 9 form part of these financial statements. 

2

 
Aligned Dental Care Limited
 
 

Notes to the financial statements
For the year ended 30 November 2021

1.


General information

 The company is a private company limited by shares, registered in England and Wales. The address of
the registered office is 56 Chorley Road, Swinton, Manchester, M27 5AD, England.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In light of recent global events which persist at the date of approval of these financial statements, the directors have also taken measures to counter the potential impact of Covid-19 on the company’s operations and the resultant financial impact. Contingency plans have been implemented to mitigate the risk to the business. In addition, the UK government have announced a series of funding measures which, the directors anticipate will be available should there be any additional short to medium term funding requirements. Whilst the risks in this regard cannot be completely mitigated and therefore some level of future uncertainty remains, the directors have adopted measures and assessed the financial implications of associated factors outside their control and do not consider the residual uncertainties to be material to the company’s ability to continue meeting its liabilities as they fall due in the foreseeable future.

 
2.3

Revenue

The turnover shown in the profit an loss account represents fees recevable from NHS and private income during the period.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3

 
Aligned Dental Care Limited
 

 
Notes to the financial statements
For the year ended 30 November 2021

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

4

 
Aligned Dental Care Limited
 

 
Notes to the financial statements
For the year ended 30 November 2021

2.Accounting policies (continued)

 
2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line basis
Plant and machinery
-
10%
reducing balance basis
Fixtures and fittings
-
15%
reducing balance basis
Computer equipment
-
20%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

5

 
Aligned Dental Care Limited
 

 
Notes to the financial statements
For the year ended 30 November 2021

2.Accounting policies (continued)

 
2.13

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the statement of financial position.

 
2.17

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

6

 
Aligned Dental Care Limited
 

 
Notes to the financial statements
For the year ended 30 November 2021

2.Accounting policies (continued)

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2020 - 4).


4.


Intangible assets



Goodwill

£



Cost


At 1 December 2020
266,477



At 30 November 2021

266,477



Amortisation


At 1 December 2020
106,591


Charge for the year on owned assets
26,648



At 30 November 2021

133,239



Net book value



At 30 November 2021
133,238



7

 
Aligned Dental Care Limited
 
 

Notes to the financial statements
For the year ended 30 November 2021

5.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 December 2020
202,795
71,619
29,567
303,981


Additions
-
48,030
844
48,874



At 30 November 2021

202,795
119,649
30,411
352,855



Depreciation


At 1 December 2020
15,843
20,045
22,164
58,052


Charge for the year on owned assets
3,739
7,212
1,460
12,411



At 30 November 2021

19,582
27,257
23,624
70,463



Net book value



At 30 November 2021
183,213
92,392
6,787
282,392


6.


Debtors

2021
2020
£
£


Trade debtors
21,064
21,592

Other debtors
157,186
-

Prepayments and accrued income
1,935
1,718

180,185
23,310


8

 
Aligned Dental Care Limited
 
 

Notes to the financial statements
For the year ended 30 November 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
20,910
18,584

Trade creditors
5,135
8,012

Corporation tax
57,986
25,583

Other taxation and social security
456
226

Other creditors
2,446
42,375

Accruals and deferred income
3,936
12,073

90,869
106,853



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
227,441
250,678

227,441
250,678


 
9