IRIS Accounts Production v23.3.0.418 06534683 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure065346832022-03-31065346832023-03-31065346832022-04-012023-03-31065346832021-03-31065346832021-04-012022-03-31065346832022-03-3106534683ns16:EnglandWales2022-04-012023-03-3106534683ns15:PoundSterling2022-04-012023-03-3106534683ns11:Director12022-04-012023-03-3106534683ns11:Director22022-04-012023-03-3106534683ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3106534683ns11:SmallEntities2022-04-012023-03-3106534683ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3106534683ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106534683ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106534683ns11:FullAccounts2022-04-012023-03-310653468312022-04-012023-03-3106534683ns11:CompanySecretary12022-04-012023-03-3106534683ns11:RegisteredOffice2022-04-012023-03-3106534683ns6:CurrentFinancialInstruments2023-03-3106534683ns6:CurrentFinancialInstruments2022-03-3106534683ns6:Non-currentFinancialInstruments2023-03-3106534683ns6:Non-currentFinancialInstruments2022-03-3106534683ns6:ShareCapital2023-03-3106534683ns6:ShareCapital2022-03-3106534683ns6:RetainedEarningsAccumulatedLosses2023-03-3106534683ns6:RetainedEarningsAccumulatedLosses2022-03-3106534683ns6:NetGoodwill2022-04-012023-03-3106534683ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106534683ns6:PlantMachinery2022-04-012023-03-3106534683ns6:NetGoodwill2022-03-3106534683ns6:NetGoodwill2023-03-3106534683ns6:NetGoodwill2022-03-3106534683ns6:PlantMachinery2022-03-3106534683ns6:PlantMachinery2023-03-3106534683ns6:PlantMachinery2022-03-3106534683ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3106534683ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 06534683 (England and Wales)















REGENCY HOUSE DENTAL PRACTICE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






REGENCY HOUSE DENTAL PRACTICE LTD (REGISTERED NUMBER: 06534683)






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


REGENCY HOUSE DENTAL PRACTICE LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Dr R Ram
Dr A R Ram





SECRETARY: Dr A R Ram





REGISTERED OFFICE: Station Road
Stone
Staffordshire
ST15 8JP





REGISTERED NUMBER: 06534683 (England and Wales)





ACCOUNTANTS: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

REGENCY HOUSE DENTAL PRACTICE LTD (REGISTERED NUMBER: 06534683)

BALANCE SHEET
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 137,468 164,972
Tangible assets 5 117,141 105,845
254,609 270,817

CURRENT ASSETS
Stocks 13,694 15,392
Debtors 6 41,711 44,232
Cash at bank and in hand 60,953 95,169
116,358 154,793
CREDITORS
Amounts falling due within one year 7 174,645 164,288
NET CURRENT LIABILITIES (58,287 ) (9,495 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,322

261,322

CREDITORS
Amounts falling due after more than one
year

8

(44,037

)

(67,232

)

PROVISIONS FOR LIABILITIES (26,929 ) (19,694 )
NET ASSETS 125,356 174,396

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 124,356 173,396
SHAREHOLDERS' FUNDS 125,356 174,396

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.

REGENCY HOUSE DENTAL PRACTICE LTD (REGISTERED NUMBER: 06534683)

BALANCE SHEET - continued
31 March 2023


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 17 October 2023 and were signed on its behalf by:




Dr R Ram - Director



Dr A R Ram - Director


REGENCY HOUSE DENTAL PRACTICE LTD (REGISTERED NUMBER: 06534683)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Regency House Dental Practice 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 sales of dental services and goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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 - 25% on reducing balance and 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 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

REGENCY HOUSE DENTAL PRACTICE LTD (REGISTERED NUMBER: 06534683)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern, with their support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 550,000
AMORTISATION
At 1 April 2022 385,028
Charge for year 27,504
At 31 March 2023 412,532
NET BOOK VALUE
At 31 March 2023 137,468
At 31 March 2022 164,972

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 215,698
Additions 28,015
At 31 March 2023 243,713
DEPRECIATION
At 1 April 2022 109,853
Charge for year 16,719
At 31 March 2023 126,572
NET BOOK VALUE
At 31 March 2023 117,141
At 31 March 2022 105,845

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 34,544 41,168
Other debtors 7,167 3,064
41,711 44,232

REGENCY HOUSE DENTAL PRACTICE LTD (REGISTERED NUMBER: 06534683)

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 20,000 17,768
Hire purchase contracts - 2,961
Trade creditors 13,626 16,624
Taxation and social security 33,126 39,688
Other creditors 107,893 87,247
174,645 164,288

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans 44,037 67,232