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REGISTERED NUMBER: 10237502 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Creswell Dental Surgery Ltd

Creswell Dental Surgery Ltd (Registered number: 10237502)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Creswell Dental Surgery Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr N Downing
Mr U Verma





REGISTERED OFFICE: 96 Elmton Road
Creswell
Worksop
Nottinghamshire
S80 4DE





REGISTERED NUMBER: 10237502 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Creswell Dental Surgery Ltd (Registered number: 10237502)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 678,959 848,699
Tangible assets 5 11,251 16,493
690,210 865,192

CURRENT ASSETS
Stocks 17,988 24,107
Debtors 6 18,631 8,366
Cash at bank 16,273 15,156
52,892 47,629
CREDITORS
Amounts falling due within one year 7 212,154 341,238
NET CURRENT LIABILITIES (159,262 ) (293,609 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,948

571,583

CREDITORS
Amounts falling due after more than one
year

8

(29,493

)

(31,584

)

PROVISIONS FOR LIABILITIES (823 ) (816 )
NET ASSETS 500,632 539,183

CAPITAL AND RESERVES
Called up share capital 9 50 50
Retained earnings 500,582 539,133
SHAREHOLDERS' FUNDS 500,632 539,183

Creswell Dental Surgery Ltd (Registered number: 10237502)

Balance Sheet - 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





Mr U Verma - Director


Creswell Dental Surgery Ltd (Registered number: 10237502)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Creswell Dental Surgery Ltd 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.

Turnover
Turnover represents invoiced sales of dentistry services.

Goodwill
Goodwill, being the consideration paid on the incorporation of the former partnership 'The Eastwood & Creswell Dental Practice LLP' on 1st December 2014, is amortised over its estimated useful working life of 10 years.This goodwill was included in the 'hive-up' from the demerger of The Eastwood & Creswell Dental Surgeries Limited to Creswell Dental Surgery Limited.

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 on leased assets is provided at the level of lease payments on the capitalised assets.

Depreciation on owned assets is provided on a 15% straight line basis.

Work in progress
Work in progress is valued at the lower of costs and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

Creswell Dental Surgery Ltd (Registered number: 10237502)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1,697,399
AMORTISATION
At 1 April 2022 848,700
Charge for year 169,740
At 31 March 2023 1,018,440
NET BOOK VALUE
At 31 March 2023 678,959
At 31 March 2022 848,699

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property Equipment fittings Totals
£    £    £    £   
COST
At 1 April 2022 22,626 2,417 6,651 31,694
Additions - 103 387 490
At 31 March 2023 22,626 2,520 7,038 32,184
DEPRECIATION
At 1 April 2022 10,821 660 3,720 15,201
Charge for year 3,394 1,267 1,071 5,732
At 31 March 2023 14,215 1,927 4,791 20,933
NET BOOK VALUE
At 31 March 2023 8,411 593 2,247 11,251
At 31 March 2022 11,805 1,757 2,931 16,493

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 243 329
Prepayments and accrued income 18,388 8,037
18,631 8,366

Creswell Dental Surgery Ltd (Registered number: 10237502)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,783 10,145
Trade creditors 2,416 2,418
Tax 50,313 52,770
Social security and other taxes 1,401 778
Other creditors 4,966 3,729
Directors' current accounts 145,925 245,726
Accruals and deferred income 2,350 25,672
212,154 341,238

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 29,493 31,584

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary 1 50 50