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REGISTERED NUMBER: 09520055 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NISHKAM DENTAL CARE LIMITED

NISHKAM DENTAL CARE LIMITED (REGISTERED NUMBER: 09520055)

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


NISHKAM DENTAL CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: B S Panesar





REGISTERED OFFICE: 21 Soho Road
Handsworth
Birmingham
West Midlands
B21 9BH





REGISTERED NUMBER: 09520055 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

NISHKAM DENTAL CARE LIMITED (REGISTERED NUMBER: 09520055)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 740
Tangible assets 5 12,076 16,338
12,076 17,078

CURRENT ASSETS
Debtors 6 1,468 1,229
Cash at bank 24,874 21,065
26,342 22,294
CREDITORS
Amounts falling due within one year 7 17,560 15,953
NET CURRENT ASSETS 8,782 6,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,858

23,419

PROVISIONS FOR LIABILITIES - 175
NET ASSETS 20,858 23,244

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 35,578 35,578
Retained earnings (14,820 ) (12,434 )
SHAREHOLDERS' FUNDS 20,858 23,244

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 director and authorised for issue on 3 October 2023 and were signed by:





B S Panesar - Director


NISHKAM DENTAL CARE LIMITED (REGISTERED NUMBER: 09520055)

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


1. STATUTORY INFORMATION

Nishkam Dental Care 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 arrives from the provision of dental care. Turnover relates to subsidised fees recognised at point of service.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

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.

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.

NISHKAM DENTAL CARE LIMITED (REGISTERED NUMBER: 09520055)

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


2. ACCOUNTING POLICIES - continued

Grants
Revenue Grant is recognised in full in the Statement of Financial Activities in the year for which it is receivable and any abatement in respect of the period is deducted from income and recognised as a liability.

Capital grants are recognised in full when there is an unconditional entitlement to the grant. Unspent amounts of capital grants are reflected in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 4,440
AMORTISATION
At 1 April 2022 3,700
Charge for year 740
At 31 March 2023 4,440
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 740

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 34,097
DEPRECIATION
At 1 April 2022 17,759
Charge for year 4,262
At 31 March 2023 22,021
NET BOOK VALUE
At 31 March 2023 12,076
At 31 March 2022 16,338

NISHKAM DENTAL CARE LIMITED (REGISTERED NUMBER: 09520055)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,468 1,229

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 455 -
Amounts owed to group undertakings 13,917 12,826
Other creditors 3,188 3,127
17,560 15,953

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Morgan Davies FCA (Senior Statutory Auditor)
for and on behalf of Prime

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is NIshkam Healthcare Trust, who owns the 100% share capital of Nishkam Dental Care Limited.