Company registration number 09405028 (England and Wales)
BEWBUSH DENTAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 7 OCTOBER 2022
PAGES FOR FILING WITH REGISTRAR
BEWBUSH DENTAL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
BEWBUSH DENTAL LIMITED
BALANCE SHEET
AS AT
7 OCTOBER 2022
07 October 2022
- 1 -
7 October 2022
31 March 2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
99,124
106,749
Tangible assets
5
24,305
27,262
123,429
134,011
Current assets
Stocks
5,000
6,000
Debtors
6
36,648
54,528
Cash at bank and in hand
7,677
38,993
49,325
99,521
Creditors: amounts falling due within one year
7
(112,367)
(109,473)
Net current liabilities
(63,042)
(9,952)
Total assets less current liabilities
60,387
124,059
Creditors: amounts falling due after more than one year
8
(3,810)
(54,117)
Provisions for liabilities
(2,800)
(4,200)
Net assets
53,777
65,742
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
53,773
65,738
Total equity
53,777
65,742

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 7 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

BEWBUSH DENTAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
7 OCTOBER 2022
07 October 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 24 October 2023 and are signed on its behalf by:
Dr M Elalami
Dr A Pitchforth
Director
Director
Company registration number 09405028 (England and Wales)
BEWBUSH DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 7 OCTOBER 2022
- 3 -
1
Accounting policies
Company information

Bewbush Dental Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Galleria, Station Road, Crawley, West Sussex, RH10 1WW.

1.1
Reporting period

The company is preparing its accounts for a short period up to 7 October 2022 to align with the date of completion on the sale of the company.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue to adopt the going concern basis of accounting in preparing the financial statements. true

1.4
Turnover

Turnover represents the fair value of consideration received or receivable in the ordinary course of business for dentistry goods or services provided to the extent that the company has obtained the right consideration. Revenue derived from NHS contracts is recognised on the volume of dental activity delivered in the financial period. Revenue for all private dental work is recognised on the completion of each piece of treatment carried out.

 

When cash flows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

 

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 14 years.

 

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

BEWBUSH DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 7 OCTOBER 2022
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
over the term of the lease
Plant and equipment
20% straight line
Fixtures and fittings
20% straight line

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.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.

1.9
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 current liabilities.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BEWBUSH DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 7 OCTOBER 2022
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

BEWBUSH DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 7 OCTOBER 2022
1
Accounting policies
(Continued)
- 6 -
1.16
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2022
2022
Number
Number
Total
12
11
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022 and 7 October 2022
213,499
Amortisation and impairment
At 1 April 2022
106,750
Amortisation charged for the period
7,625
At 7 October 2022
114,375
Carrying amount
At 7 October 2022
99,124
At 31 March 2022
106,749
BEWBUSH DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 7 OCTOBER 2022
- 7 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2022
6,064
100,081
106,145
Additions
-
0
2,585
2,585
At 7 October 2022
6,064
102,666
108,730
Depreciation and impairment
At 1 April 2022
3,016
75,867
78,883
Depreciation charged in the period
303
5,239
5,542
At 7 October 2022
3,319
81,106
84,425
Carrying amount
At 7 October 2022
2,745
21,560
24,305
At 31 March 2022
3,048
24,214
27,262
6
Debtors
2022
2022
Amounts falling due within one year:
£
£
Trade debtors
21,848
11,053
Other debtors
14,800
43,475
36,648
54,528
7
Creditors: amounts falling due within one year
2022
2022
£
£
Bank loans
55,843
22,138
Trade creditors
4,470
17,370
Taxation and social security
20,481
16,525
Other creditors
31,573
53,440
112,367
109,473
BEWBUSH DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 7 OCTOBER 2022
- 8 -
8
Creditors: amounts falling due after more than one year
2022
2022
£
£
Bank loans and overdrafts
-
0
44,486
Other creditors
3,810
9,631
3,810
54,117
9
Financial commitments, guarantees and contingent liabilities

Group borrowings are secured by a fixed and floating charge over the assets of the company.

10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2022
2022
£
£
290,424
302,239
11
Parent company

The ultimate parent company of Bewbush Dental Limited is South Cliff Limited and its registered office is The Galleria, Station Road, Crawley, West Sussex, England, RH10 1WW. South Cliff Limited prepares consolidated accounts.

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