Silverfin false 31/12/2022 01/01/2022 31/12/2022 J Jacobs 12/12/2017 S C Jacobs 12/12/2018 24 October 2023 The principal activity of Campos Dental Clinic Ltd ('the company') is that of dental services. 11108144 2022-12-31 11108144 bus:Director1 2022-12-31 11108144 bus:Director2 2022-12-31 11108144 2021-12-31 11108144 core:CurrentFinancialInstruments 2022-12-31 11108144 core:CurrentFinancialInstruments 2021-12-31 11108144 core:Non-currentFinancialInstruments 2022-12-31 11108144 core:Non-currentFinancialInstruments 2021-12-31 11108144 core:ShareCapital 2022-12-31 11108144 core:ShareCapital 2021-12-31 11108144 core:RetainedEarningsAccumulatedLosses 2022-12-31 11108144 core:RetainedEarningsAccumulatedLosses 2021-12-31 11108144 core:PlantMachinery 2021-12-31 11108144 core:FurnitureFittings 2021-12-31 11108144 core:ComputerEquipment 2021-12-31 11108144 core:PlantMachinery 2022-12-31 11108144 core:FurnitureFittings 2022-12-31 11108144 core:ComputerEquipment 2022-12-31 11108144 core:Non-currentFinancialInstruments 1 2022-12-31 11108144 core:Non-currentFinancialInstruments 1 2021-12-31 11108144 core:Non-currentFinancialInstruments core:BetweenOneTwoYears 2022-12-31 11108144 core:Non-currentFinancialInstruments core:BetweenOneTwoYears 2021-12-31 11108144 core:Non-currentFinancialInstruments core:BetweenTwoFiveYears 2022-12-31 11108144 core:Non-currentFinancialInstruments core:BetweenTwoFiveYears 2021-12-31 11108144 core:Non-currentFinancialInstruments core:MoreThanFiveYears 2022-12-31 11108144 core:Non-currentFinancialInstruments core:MoreThanFiveYears 2021-12-31 11108144 core:Non-currentFinancialInstruments core:WithinOneYear 2022-12-31 11108144 core:Non-currentFinancialInstruments core:WithinOneYear 2021-12-31 11108144 2020-12-31 11108144 core:AcceleratedTaxDepreciationDeferredTax 2022-12-31 11108144 core:AcceleratedTaxDepreciationDeferredTax 2021-12-31 11108144 bus:OrdinaryShareClass1 2022-12-31 11108144 core:WithinOneYear 2022-12-31 11108144 core:WithinOneYear 2021-12-31 11108144 core:BetweenOneFiveYears 2022-12-31 11108144 core:BetweenOneFiveYears 2021-12-31 11108144 core:MoreThanFiveYears 2022-12-31 11108144 core:MoreThanFiveYears 2021-12-31 11108144 2022-01-01 2022-12-31 11108144 bus:FullAccounts 2022-01-01 2022-12-31 11108144 bus:SmallEntities 2022-01-01 2022-12-31 11108144 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 11108144 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11108144 bus:Director1 2022-01-01 2022-12-31 11108144 bus:Director2 2022-01-01 2022-12-31 11108144 core:PlantMachinery core:TopRangeValue 2022-01-01 2022-12-31 11108144 core:FurnitureFittings core:TopRangeValue 2022-01-01 2022-12-31 11108144 core:ComputerEquipment core:TopRangeValue 2022-01-01 2022-12-31 11108144 2021-01-01 2021-12-31 11108144 core:PlantMachinery 2022-01-01 2022-12-31 11108144 core:FurnitureFittings 2022-01-01 2022-12-31 11108144 core:ComputerEquipment 2022-01-01 2022-12-31 11108144 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 11108144 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11108144 (England and Wales)

CAMPOS DENTAL CLINIC LTD

Unaudited Financial Statements
For the financial year ended 31 December 2022
Pages for filing with the registrar

CAMPOS DENTAL CLINIC LTD

Unaudited Financial Statements

For the financial year ended 31 December 2022

Contents

CAMPOS DENTAL CLINIC LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2022
CAMPOS DENTAL CLINIC LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 246,225 14,557
246,225 14,557
Current assets
Stocks 4 19,466 0
Debtors
- due within one year 5 6,490 12,390
- due after more than one year 5 5,400 0
Cash at bank and in hand 8,341 55,519
39,697 67,909
Creditors: amounts falling due within one year 6 ( 45,184) ( 40,363)
Net current (liabilities)/assets (5,487) 27,546
Total assets less current liabilities 240,738 42,103
Creditors: amounts falling due after more than one year 7 ( 240,572) ( 23,251)
Provision for liabilities 8 0 ( 2,774)
Net assets 166 16,078
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 66 15,978
Total shareholders' funds 166 16,078

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Campos Dental Clinic Ltd (registered number: 11108144) were approved and authorised for issue by the Director. They were signed on its behalf by:

J Jacobs
Director

24 October 2023

CAMPOS DENTAL CLINIC LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
CAMPOS DENTAL CLINIC LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Campos Dental Clinic Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 70 Edgware Way, Edgware, HA8 8JS, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and 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, and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the
contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are
held separately from the Company in independently administered funds.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Tangible assets

Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 January 2022 27,719 0 0 27,719
Additions 165,807 97,276 6,546 269,629
At 31 December 2022 193,526 97,276 6,546 297,348
Accumulated depreciation
At 01 January 2022 13,162 0 0 13,162
Charge for the financial year 24,820 12,347 794 37,961
At 31 December 2022 37,982 12,347 794 51,123
Net book value
At 31 December 2022 155,544 84,929 5,752 246,225
At 31 December 2021 14,557 0 0 14,557

4. Stocks

2022 2021
£ £
Finished goods 19,466 0

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

2022 2021
£ £
Debtors: amounts falling due within one year
Trade debtors 0 12,390
Prepayments 135 0
Other debtors 6,355 0
6,490 12,390
Debtors: amounts falling due after more than one year
Other debtors 5,400 0

6. Creditors: amounts falling due within one year

2022 2021
£ £
Bank loans 11,168 0
Trade creditors 1,734 0
Other loans 14,311 7,750
Deferred income 4,538 0
Taxation and social security 731 18,603
Obligations under finance leases and hire purchase contracts 12,019 0
Other creditors 683 14,010
45,184 40,363

7. Creditors: amounts falling due after more than one year

2022 2021
£ £
Bank loans and overdrafts 146,016 0
Obligations under finance leases and hire purchase contracts 67,105 0
Other loans 27,451 23,251
240,572 23,251
Bank loans
2022 2021
£ £
Between one and two years 11,168 0
Between two and five years 33,505 0
After five years 101,343 0
146,016 0
On demand or within one year 11,168 0
157,184 0
Finance leases
2022 2021
£ £
Between one and two years 12,019 0
Between two and five years 36,056 0
After five years 19,030 0
67,105 0
On demand or within one year 12,019 0
79,124 0
Total borrowings including finance leases
2022 2021
£ £
Between one and two years 23,187 0
Between two and five years 69,561 0
After five years 120,373 0
213,121 0
On demand or within one year 23,187 0
236,308 0

8. Deferred tax

2022 2021
£ £
At the beginning of financial year ( 2,774) ( 2,774)
Credited to the Statement of Income and Retained Earnings 2,774 0
At the end of financial year 0 ( 2,774)

The deferred taxation balance is made up as follows:

2022 2021
£ £
Accelerated capital allowances 0 ( 2,774)

9. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2022 2021
£ £
within one year 18,000 0
between one and five years 72,000 0
after five years 163,500 0
253,500 0

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2022 2021
£ £
Unpaid contributions due to the fund (inc. in other creditors) 683 0

11. Related party transactions

Other related party transactions

2022 2021
£ £
Included within other creditors is a balance owed to the directors. This balance is unsecured and interest free with no fixed repayment terms. 0 14,010

12. Director's advances, credits and guarantees

Included in debtors is a balance of £6,355 (2021: £Nil) owed by the director. This balance is unsecured and interest is charged at HMRC's approved rate with no fixed repayment terms. This balance was cleared in May 2023 by way of a dividend.