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REGISTERED NUMBER: 05977122 (England and Wales)



























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PARKFIELD DENTAL SURGERY LIMITED

PARKFIELD DENTAL SURGERY LIMITED (REGISTERED NUMBER: 05977122)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARKFIELD DENTAL SURGERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Dr M D Biccard





SECRETARY: Mrs L J Biccard





REGISTERED OFFICE: Quayside House
Highland Terrace
Barrington Street
TIVERTON
Devon
EX16 6PT





REGISTERED NUMBER: 05977122 (England and Wales)





ACCOUNTANTS: William Withers & Co
Quayside House
Highland Terrace
Barrington Street
TIVERTON
Devon
EX16 6PT

PARKFIELD DENTAL SURGERY LIMITED (REGISTERED NUMBER: 05977122)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 (7,991 ) (7,991 )
Tangible assets 5 67,483 45,001
59,492 37,010

CURRENT ASSETS
Stocks 62,164 62,164
Debtors 6 459,492 481,423
Cash at bank and in hand 221,871 428,128
743,527 971,715
CREDITORS
Amounts falling due within one year 7 752,334 630,648
NET CURRENT (LIABILITIES)/ASSETS (8,807 ) 341,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,685

378,077

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,585 377,977
SHAREHOLDERS' FUNDS 50,685 378,077

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 her 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 17 October 2023 and were signed by:




Dr M D Biccard - Director


PARKFIELD DENTAL SURGERY LIMITED (REGISTERED NUMBER: 05977122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Parkfield Dental Surgery 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.

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 2009, 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.
Plant and machinery etc - 20% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2022 - 30 ) .

PARKFIELD DENTAL SURGERY LIMITED (REGISTERED NUMBER: 05977122)

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 502,259
AMORTISATION
At 1 April 2022
and 31 March 2023 510,250
NET BOOK VALUE
At 31 March 2023 (7,991 )
At 31 March 2022 (7,991 )

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 120,826 527,902 648,728
Additions - 40,054 40,054
At 31 March 2023 120,826 567,956 688,782
DEPRECIATION
At 1 April 2022 120,826 482,901 603,727
Charge for year - 17,572 17,572
At 31 March 2023 120,826 500,473 621,299
NET BOOK VALUE
At 31 March 2023 - 67,483 67,483
At 31 March 2022 - 45,001 45,001

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 113,960 123,078
Other debtors 265,624 278,437
379,584 401,515

Amounts falling due after more than one year:
Other debtors 79,908 79,908

Aggregate amounts 459,492 481,423

PARKFIELD DENTAL SURGERY LIMITED (REGISTERED NUMBER: 05977122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 23,742 26,175
Trade creditors 648,010 374,472
Taxation and social security 30,648 121,048
Other creditors 49,934 108,953
752,334 630,648

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Dr M D Biccard
Balance outstanding at start of year 242,495 239,806
Amounts advanced - 2,689
Amounts repaid (12,812 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 229,683 242,495