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REGISTERED NUMBER: 06040563 (England and Wales)















METCHLEY DENTAL PRACTICE LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2023






METCHLEY DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06040563)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


METCHLEY DENTAL PRACTICE LIMITED

Company Information
for the year ended 31 January 2023







Director: P Casasola



Secretary: Mrs L J Casasola



Registered office: 23a Metchley Lane
Harborne
Birmingham
West Midlands
B17 0HP



Registered number: 06040563 (England and Wales)



Accountants: Haines Watts Birmingham LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
West Midlands
B15 3BE



Bankers: National Westminster
30A Harborne Road
Edgbaston
Birmingham
B15 3AA

METCHLEY DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06040563)

Statement of Financial Position
31 January 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 8,522 8,628
8,522 8,628

Current assets
Stocks 6 3,600 3,600
Debtors 7 182,337 175,524
Cash at bank 19,656 18,851
205,593 197,975
Creditors
Amounts falling due within one year 8 62,113 67,078
Net current assets 143,480 130,897
Total assets less current liabilities 152,002 139,525

Capital and reserves
Called up share capital 9 1 1
Retained earnings 152,001 139,524
Shareholders' funds 152,002 139,525

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2023 and were signed by:





P Casasola - Director


METCHLEY DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06040563)

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

1. Statutory information

Metchley 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2007.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of ten years as follows:

Goodwill - 10% Straight Line

Fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer equipment - 15% 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.

METCHLEY DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06040563)

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

2. Accounting policies - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 February 2022
and 31 January 2023 109,000
Amortisation
At 1 February 2022
and 31 January 2023 109,000
Net book value
At 31 January 2023 -
At 31 January 2022 -

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 February 2022 - 39,467 39,467
Additions 792 606 1,398
At 31 January 2023 792 40,073 40,865
Depreciation
At 1 February 2022 - 30,839 30,839
Charge for year 119 1,385 1,504
At 31 January 2023 119 32,224 32,343
Net book value
At 31 January 2023 673 7,849 8,522
At 31 January 2022 - 8,628 8,628

6. Stocks
2023 2022
£ £
Finished goods 3,600 3,600

METCHLEY DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06040563)

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

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 1,000 1,000
Directors' loan accounts 148,120 142,269
Tax 25,661 25,661
Prepayments 7,556 6,594
182,337 175,524

8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 37,489 42,338
Corporation tax 19,429 19,766
Social security and other taxes 293 199
Other creditors 4,902 4,775
62,113 67,078

9. Called up share capital

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

10. Related party disclosures

The company was under the control of Mr P Casasola throughout the current and previous year. Mr P Casasola is the managing director and sole shareholder.

The director operates a loan account with the company. At the end of the year the balance outstanding was £148,120 (2022: £142,269) due to the company and is included in other debtors falling due within one year.