Caseware UK (AP4) 2022.0.179 2022.0.179 8The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falsedental practice activities7falsetrue 08516448 2022-04-01 2023-03-31 08516448 2023-03-31 08516448 2021-04-01 2022-03-31 08516448 2022-03-31 08516448 c:Director1 2022-04-01 2023-03-31 08516448 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 08516448 d:Buildings d:LongLeaseholdAssets 2023-03-31 08516448 d:Buildings d:LongLeaseholdAssets 2022-03-31 08516448 d:PlantMachinery 2022-04-01 2023-03-31 08516448 d:PlantMachinery 2023-03-31 08516448 d:PlantMachinery 2022-03-31 08516448 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08516448 d:FurnitureFittings 2022-04-01 2023-03-31 08516448 d:FurnitureFittings 2023-03-31 08516448 d:FurnitureFittings 2022-03-31 08516448 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08516448 d:OfficeEquipment 2022-04-01 2023-03-31 08516448 d:OfficeEquipment 2023-03-31 08516448 d:OfficeEquipment 2022-03-31 08516448 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08516448 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08516448 d:Goodwill 2023-03-31 08516448 d:Goodwill 2022-03-31 08516448 d:CurrentFinancialInstruments 2023-03-31 08516448 d:CurrentFinancialInstruments 2022-03-31 08516448 d:Non-currentFinancialInstruments 2023-03-31 08516448 d:Non-currentFinancialInstruments 2022-03-31 08516448 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08516448 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08516448 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08516448 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08516448 d:ShareCapital 2023-03-31 08516448 d:ShareCapital 2022-03-31 08516448 d:RetainedEarningsAccumulatedLosses 2023-03-31 08516448 d:RetainedEarningsAccumulatedLosses 2022-03-31 08516448 c:FRS102 2022-04-01 2023-03-31 08516448 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08516448 c:FullAccounts 2022-04-01 2023-03-31 08516448 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08516448 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 08516448













Royston Dental Care Ltd

Financial statements
Information for filing with the registrar

31 March 2023




 
Royston Dental Care Ltd


Balance Sheet
At 31 March 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
283,775
221,513

  
283,775
221,513

Current assets
  

Stocks
  
5,000
5,000

Debtors: amounts falling due within one year
 6 
360,196
295,944

Bank and cash balances
  
63,589
63,419

  
428,785
364,363

Creditors: amounts falling due within one year
 7 
(167,730)
(129,127)

Net current assets
  
 
 
261,055
 
 
235,236

Total assets less current liabilities
  
544,830
456,749

Creditors: amounts falling due after more than one year
 8 
(25,475)
(93,148)

Provisions for liabilities
  

Deferred tax
  
(65,120)
(55,292)

  
 
 
(65,120)
 
 
(55,292)

Net assets
  
454,235
308,309


Capital and reserves
  

Called up share capital 
  
150
150

Profit and loss account
  
454,085
308,159

Shareholders' funds
  
454,235
308,309


1

 
Royston Dental Care Ltd

    
Balance Sheet (continued)
At 31 March 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2023.




KM Gadhia
Director

Registered number: 08516448
The notes on pages 3 to 8 form part of these financial statements. 

2

 
Royston Dental Care Ltd
 
 

Notes to the financial statements
Year ended 31 March 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 69 High Street, Royston, Hertfordshire, SG8 9AW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss accounts represents dental fee income receivable during the period.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3

 
Royston Dental Care Ltd
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2%
straight line
Equipment
-
15%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

4

 
Royston Dental Care Ltd
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
8
7

5

 
Royston Dental Care Ltd
 
 

Notes to the financial statements
Year ended 31 March 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
350,000



At 31 March 2023

350,000



Amortisation


At 1 April 2022
350,000



At 31 March 2023

350,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



6

 
Royston Dental Care Ltd
 
 

Notes to the financial statements
Year ended 31 March 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
-
128,379
184,881
4,338
317,598


Additions
22,967
68,568
200
4,340
96,075



At 31 March 2023

22,967
196,947
185,081
8,678
413,673



Depreciation


At 1 April 2022
-
14,673
78,847
2,564
96,084


Charge for the year on owned assets
-
17,275
15,925
614
33,814



At 31 March 2023

-
31,948
94,772
3,178
129,898



Net book value



At 31 March 2023
22,967
164,999
90,309
5,500
283,775



At 31 March 2022
-
113,705
106,034
1,774
221,513


6.


Debtors

As restated
2023
2022
£
£


Trade debtors
1,998
2,564

Amounts owed by group undertakings
356,070
293,380

Other debtors
2,128
-

360,196
295,944


7

 
Royston Dental Care Ltd
 
 

Notes to the financial statements
Year ended 31 March 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
35,667
38,000

Trade creditors
15,930
6,932

Corporation tax
29,348
20,809

Other taxation and social security
3,405
3,132

Obligations under finance lease and hire purchase contracts
32,007
33,532

Other creditors
6,892
5,035

Accruals and deferred income
44,481
21,687

167,730
129,127



8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
21,667
57,333

Net obligations under finance leases and hire purchase contracts
3,808
35,815

25,475
93,148



9.


Related party transactions

During the year the company operated an intercompany account with The Royston Practice Limited to record amounts due to and from the holding company. At 31 March 2023 the company was owed £346,070 (2022: £293,380).
During the year the company operated an intercompany account with Advanced Centre of Excellence (ACE) Limited to record amounts due to and from the company. At 31 March 2023 the company was owed £10,000 (2022: £10,000).

 
8