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REGISTERED NUMBER: 07409050 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

CLARK DENTAL STUDIO LIMITED

CLARK DENTAL STUDIO LIMITED (REGISTERED NUMBER: 07409050)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CLARK DENTAL STUDIO LIMITED

Company Information
for the year ended 31 March 2023







Director: Mr James Anthony Clark





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 07409050 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

CLARK DENTAL STUDIO LIMITED (REGISTERED NUMBER: 07409050)

Statement of Financial Position
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 190,166 168,267
190,166 168,267

Current assets
Stocks 6 35,210 36,083
Debtors 7 20,449 31,666
Cash at bank and in hand 27,069 18,135
82,728 85,884
Creditors
Amounts falling due within one year 8 134,088 136,145
Net current liabilities (51,360 ) (50,261 )
Total assets less current liabilities 138,806 118,006

Creditors
Amounts falling due after more than one year 9 (84,007 ) (85,618 )

Provisions for liabilities (47,542 ) (31,704 )
Net assets 7,257 684

Capital and reserves
Called up share capital 12 6 6
Retained earnings 13 7,251 678
Shareholders' funds 7,257 684

CLARK DENTAL STUDIO LIMITED (REGISTERED NUMBER: 07409050)

Statement of Financial Position - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 3 October 2023 and were signed by:





Mr James Anthony Clark - Director


CLARK DENTAL STUDIO LIMITED (REGISTERED NUMBER: 07409050)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Clark Dental Studio 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the year end the Company had net current liabilities of £51,360. The Director is willing to support the Company and therefore it is correct to carry out the accounts on a going concern basis.

Turnover
Turnover 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 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
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.
Plant and machinery - 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.

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.

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.

CLARK DENTAL STUDIO LIMITED (REGISTERED NUMBER: 07409050)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued

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.

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.

3. Employees and directors

The average number of employees during the year was 15 (2022 - 15 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022
and 31 March 2023 60,000
Amortisation
At 1 April 2022
and 31 March 2023 60,000
Net book value
At 31 March 2023 -
At 31 March 2022 -

5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£ £ £
Cost
At 1 April 2022 330,964 1,406 332,370
Additions 49,579 - 49,579
At 31 March 2023 380,543 1,406 381,949
Depreciation
At 1 April 2022 164,103 - 164,103
Charge for year 27,469 211 27,680
At 31 March 2023 191,572 211 191,783
Net book value
At 31 March 2023 188,971 1,195 190,166
At 31 March 2022 166,861 1,406 168,267

CLARK DENTAL STUDIO LIMITED (REGISTERED NUMBER: 07409050)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
Cost
At 1 April 2022 197,887
Additions 41,178
At 31 March 2023 239,065
Depreciation
At 1 April 2022 75,207
Charge for year 10,238
At 31 March 2023 85,445
Net book value
At 31 March 2023 153,620
At 31 March 2022 122,680

6. Stocks
2023 2022
£ £
Valuation 35,210 36,083

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 20,449 11,877
Directors' current accounts - 19,789
20,449 31,666

8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 8,333
Hire purchase contracts (see note 10) 29,000 38,421
Trade creditors 57,559 60,378
Tax 33,798 24,435
Social security and other taxes 3,423 4,578
Directors' current accounts 308 -
134,088 136,145

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 2-5 years 21,667 33,334
Hire purchase contracts (see note 10) 62,340 52,284
84,007 85,618

CLARK DENTAL STUDIO LIMITED (REGISTERED NUMBER: 07409050)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


10. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 29,000 38,421
Between one and five years 62,340 52,284
91,340 90,705

Non-cancellable
operating leases
2023 2022
£ £
Within one year 10,022 -
Between one and five years 29,231 -
39,253 -

11. Secured debts

The hire purchase liability is secured on the asset financed.

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
6 ordinary £1 6 6

13. Reserves
Retained
earnings
£

At 1 April 2022 678
Profit for the year 149,782
Dividends (143,209 )
At 31 March 2023 7,251

14. Ultimate controlling party

The controlling party is Mr James Anthony Clark.