Registered number
13184811
RUDGWICK DENTAL PRACTICE LIMITED
Filleted Accounts
31 March 2023
RUDGWICK DENTAL PRACTICE LIMITED
Registered number: 13184811
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 463,179 450,472
Tangible assets 4 112,700 39,966
575,879 490,438
Current assets
Stocks 3,500 3,000
Debtors 5 5,000 -
Cash at bank and in hand 60,187 40,503
68,687 43,503
Creditors: amounts falling due within one year 6 (82,949) (44,734)
Net current liabilities (14,262) (1,231)
Total assets less current liabilities 561,617 489,207
Creditors: amounts falling due after more than one year 7 (418,286) (455,125)
Provisions for liabilities (21,060) (7,201)
Net assets 122,271 26,881
Capital and reserves
Called up share capital 100 100
Profit and loss account 122,171 26,781
Shareholders' funds 122,271 26,881
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
DR PRITPAL REEL
Director
Approved by the board on 18 October 2023
RUDGWICK DENTAL PRACTICE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer 10% Reducing balance basis
Fixtures, fittings, tools and equipment 10% Reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 450,472
Additions 12,707
At 31 March 2023 463,179
Amortisation
At 31 March 2023 -
Net book value
At 31 March 2023 463,179
At 31 March 2022 450,472
4 Tangible fixed assets
Computer equipment Fixtures and fittings Total
£ £ £
Cost
At 1 April 2022 2,295 42,111 44,406
Additions - 85,257 85,257
At 31 March 2023 2,295 127,368 129,663
Depreciation
At 1 April 2022 229 4,211 4,440
Charge for the year 207 12,316 12,523
At 31 March 2023 436 16,527 16,963
Net book value
At 31 March 2023 1,859 110,841 112,700
At 31 March 2022 2,066 37,900 39,966
5 Debtors 2023 2022
£ £
Other debtors 5,000 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 23,000 8,351
Obligations under finance lease and hire purchase contracts 14,310 5,192
Trade creditors 10,078 3,766
Taxation and social security costs 6,564 -
Other creditors 28,997 27,425
82,949 44,734
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 418,286 455,125
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 441,286 463,476
Bank loans are secured via a fixed charge.
9 Other information
RUDGWICK DENTAL PRACTICE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Rudgwick Medical Centre
Station Road
Rudgwick
Horsham
England, RH12 3HB
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