Silverfin false 31/03/2022 31/03/2022 01/04/2021 H El-Nashar R Hassan Khaddoumi 10 August 2022 The principal activity of the Company during the financial year was that of dentistry. 05982955 2022-03-31 05982955 2021-03-31 05982955 core:CurrentFinancialInstruments 2022-03-31 05982955 core:CurrentFinancialInstruments 2021-03-31 05982955 core:Non-currentFinancialInstruments 2022-03-31 05982955 core:Non-currentFinancialInstruments 2021-03-31 05982955 core:ShareCapital 2022-03-31 05982955 core:ShareCapital 2021-03-31 05982955 core:RetainedEarningsAccumulatedLosses 2022-03-31 05982955 core:RetainedEarningsAccumulatedLosses 2021-03-31 05982955 core:PlantMachinery 2021-03-31 05982955 core:OfficeEquipment 2021-03-31 05982955 core:PlantMachinery 2022-03-31 05982955 core:OfficeEquipment 2022-03-31 05982955 2020-03-31 05982955 bus:OrdinaryShareClass1 2022-03-31 05982955 bus:OrdinaryShareClass2 2022-03-31 05982955 bus:OrdinaryShareClass3 2022-03-31 05982955 2021-04-01 2022-03-31 05982955 bus:FullAccounts 2021-04-01 2022-03-31 05982955 bus:SmallEntities 2021-04-01 2022-03-31 05982955 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 05982955 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 05982955 bus:Director1 2021-04-01 2022-03-31 05982955 bus:Director2 2021-04-01 2022-03-31 05982955 core:PlantMachinery 2021-04-01 2022-03-31 05982955 core:OfficeEquipment 2021-04-01 2022-03-31 05982955 2020-04-01 2021-03-31 05982955 core:Non-currentFinancialInstruments 2021-04-01 2022-03-31 05982955 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 05982955 bus:OrdinaryShareClass1 2020-04-01 2021-03-31 05982955 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 05982955 bus:OrdinaryShareClass2 2020-04-01 2021-03-31 05982955 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 05982955 bus:OrdinaryShareClass3 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05982955 (England and Wales)

EL-NASHAR DENTAL CARE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2022
Pages for filing with the registrar

EL-NASHAR DENTAL CARE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2022

Contents

EL-NASHAR DENTAL CARE LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2022
EL-NASHAR DENTAL CARE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2022
DIRECTORS H El-Nashar
R Hassan Khaddoumi
SECRETARY S El-Nashar
REGISTERED OFFICE Tower House
11 Courtenay Park
Newton Abbot
Devon
TQ12 2HD
United Kingdom
COMPANY NUMBER 05982955 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
Century House
Nicholson Road
Torquay
TQ2 7TD
EL-NASHAR DENTAL CARE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2022
EL-NASHAR DENTAL CARE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 126,335 141,309
126,335 141,309
Current assets
Stocks 80,500 43,500
Debtors 4 124,782 109,934
Cash at bank and in hand 121,078 194,242
326,360 347,676
Creditors
Amounts falling due within one year 5 ( 122,714) ( 80,659)
Net current assets 203,646 267,017
Total assets less current liabilities 329,981 408,326
Creditors
Amounts falling due after more than one year 6 ( 57,580) ( 93,939)
Provision for liabilities 7 ( 30,740) ( 25,754)
Net assets 241,661 288,633
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 241,561 288,533
Total shareholders' funds 241,661 288,633

For the financial year ending 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of El-Nashar Dental Care Limited (registered number: 05982955) were approved and authorised for issue by the Board of Directors on 10 August 2022. They were signed on its behalf by:

H El-Nashar
Director
EL-NASHAR DENTAL CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
EL-NASHAR DENTAL CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

El-Nashar Dental Care Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tower House, 11 Courtenay Park, Newton Abbot, Devon, TQ12 2HD, United Kingdom. The Company's registered number is 05982955.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so 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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, that are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

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

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

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.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 21 23

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 April 2021 253,690 113,218 366,908
Additions 41,245 8,351 49,596
Disposals ( 54,918) ( 16,707) ( 71,625)
At 31 March 2022 240,017 104,862 344,879
Accumulated depreciation
At 01 April 2021 125,861 99,738 225,599
Charge for the financial year 29,988 3,173 33,161
Disposals ( 29,499) ( 10,717) ( 40,216)
At 31 March 2022 126,350 92,194 218,544
Net book value
At 31 March 2022 113,667 12,668 126,335
At 31 March 2021 127,829 13,480 141,309

4. Debtors

2022 2021
£ £
Amounts owed by directors 116,224 109,393
Prepayments 508 541
Other debtors 8,050 0
124,782 109,934

5. Creditors: amounts falling due within one year

2022 2021
£ £
Bank loans 18,183 0
Trade creditors 60,234 23,393
Amounts owed to directors 1,407 0
Other creditors 7,972 1,131
Accruals 2,531 14,000
Corporation tax 29,815 39,765
Other taxation and social security 2,572 2,370
122,714 80,659

6. Creditors: amounts falling due after more than one year

2022 2021
£ £
Bank loans 57,580 93,939

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

2022 2021
£ £
At the beginning of financial year ( 25,754) ( 6,441)
Charged to the Statement of Income and Retained Earnings ( 4,986) ( 19,313)
At the end of financial year ( 30,740) ( 25,754)

8. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
98 Ordinary Shares shares of £ 1.00 each 98 98
1 Ordinary B Shares share of £ 1.00 1 1
1 Ordinary C Shares share of £ 1.00 1 1
100 100

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2022 2021
£ £
Debtors- amounts owed to the company 114,817 109,393

Included in debtors is the above stated amount owing to El-Nashar Dental Care Limited by three shareholders. Interest is charged on this balance at 2% and there is no fixed date for repayment.

Transactions with the entity's directors

2022 2021
£ £
Rent 44,650 44,650
Dividends 134,510 140,000

During the year the company paid rent of £44,650 to Mr H and Mrs S El-Nashar. Both are officers of the company.