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REGISTERED NUMBER: 04589895 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

HAVERING DENTURE STUDIO LIMITED

HAVERING DENTURE STUDIO LIMITED (REGISTERED NUMBER: 04589895)

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


HAVERING DENTURE STUDIO LIMITED

Company Information
for the year ended 31 March 2023







Directors: Mr P Rowell
Mrs L J Davies





Secretary: Mrs L Rowell





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 04589895 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

HAVERING DENTURE STUDIO LIMITED (REGISTERED NUMBER: 04589895)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,840 3,799
1,840 3,799

Current assets
Debtors 6 119,028 88,501
Cash at bank 120,829 94,214
239,857 182,715
Creditors
Amounts falling due within one year 7 25,650 31,910
Net current assets 214,207 150,805
Total assets less current liabilities 216,047 154,604

Provisions for liabilities 8 350 722
Net assets 215,697 153,882

Capital and reserves
Called up share capital 9 2 2
Retained earnings 215,695 153,880
Shareholders' funds 215,697 153,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:




Mr P Rowell - Director


HAVERING DENTURE STUDIO LIMITED (REGISTERED NUMBER: 04589895)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Havering Denture Studio 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 - 25% on cost
Computer equipment - 75% on reducing balance

HAVERING DENTURE STUDIO LIMITED (REGISTERED NUMBER: 04589895)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

HAVERING DENTURE STUDIO LIMITED (REGISTERED NUMBER: 04589895)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2022
and 31 March 2023 28,000
Amortisation
At 1 April 2022
and 31 March 2023 28,000
Net book value
At 31 March 2023 -
At 31 March 2022 -

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 April 2022 44,127 - 44,127
Additions 281 710 991
At 31 March 2023 44,408 710 45,118
Depreciation
At 1 April 2022 40,328 - 40,328
Charge for year 2,713 237 2,950
At 31 March 2023 43,041 237 43,278
Net book value
At 31 March 2023 1,367 473 1,840
At 31 March 2022 3,799 - 3,799

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors - 118
Other debtors 119,028 88,383
119,028 88,501

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 1,394 1,208
Taxation and social security 22,195 28,641
Other creditors 2,061 2,061
25,650 31,910

HAVERING DENTURE STUDIO LIMITED (REGISTERED NUMBER: 04589895)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 350 722

Deferred
tax
£   
Balance at 1 April 2022 722
Provided during year (372 )
Balance at 31 March 2023 350

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
190 Ordinary A 0.01 2 2
10 Ordinary B 0.01 - -
2 2

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr P Rowell
Balance outstanding at start of year 88,383 10,250
Amounts advanced 160,921 162,133
Amounts repaid (230,276 ) (84,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,028 88,383