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REGISTERED NUMBER: 09057376 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2022 to 28 February 2023

for

7 Oaks Caring Dentistry Limited

7 Oaks Caring Dentistry Limited (Registered number: 09057376)

Contents of the Financial Statements
for the Period 1 June 2022 to 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


7 Oaks Caring Dentistry Limited

Company Information
for the Period 1 June 2022 to 28 February 2023







DIRECTORS: H S Gill
S K Dau





REGISTERED OFFICE: Devonshire House
Office 129
Wade Road
Basingstoke
RG24 8PE





REGISTERED NUMBER: 09057376 (England and Wales)






7 Oaks Caring Dentistry Limited (Registered number: 09057376)

Balance Sheet
28 February 2023

28.2.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 57,333 89,583
Tangible assets 5 71,528 62,112
128,861 151,695

CURRENT ASSETS
Debtors 6 54,314 3,189
Cash at bank 25 66,261
54,339 69,450
CREDITORS
Amounts falling due within one year 7 42,472 115,779
NET CURRENT ASSETS/(LIABILITIES) 11,867 (46,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,728

105,366

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 140,628 105,266
SHAREHOLDERS' FUNDS 140,728 105,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

7 Oaks Caring Dentistry Limited (Registered number: 09057376)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





H S Gill - Director


7 Oaks Caring Dentistry Limited (Registered number: 09057376)

Notes to the Financial Statements
for the Period 1 June 2022 to 28 February 2023


1. STATUTORY INFORMATION

7 Oaks Caring Dentistry 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.

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" and the companies Act 2006.
The financial statements have been prepared under historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

7 Oaks Caring Dentistry Limited (Registered number: 09057376)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 28 February 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 28 February 2023 430,000
AMORTISATION
At 1 June 2022 340,417
Amortisation for period 32,250
At 28 February 2023 372,667
NET BOOK VALUE
At 28 February 2023 57,333
At 31 May 2022 89,583

7 Oaks Caring Dentistry Limited (Registered number: 09057376)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 28 February 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 5,568 127,598 974 22,484 156,624
Additions - 16,393 - - 16,393
At 28 February 2023 5,568 143,991 974 22,484 173,017
DEPRECIATION
At 1 June 2022 - 85,841 388 8,283 94,512
Charge for period - 5,313 66 1,598 6,977
At 28 February 2023 - 91,154 454 9,881 101,489
NET BOOK VALUE
At 28 February 2023 5,568 52,837 520 12,603 71,528
At 31 May 2022 5,568 41,757 586 14,201 62,112

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 June 2022
and 28 February 2023 9,876
DEPRECIATION
At 1 June 2022 4,706
Charge for period 582
At 28 February 2023 5,288
NET BOOK VALUE
At 28 February 2023 4,588
At 31 May 2022 5,170

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 31.5.22
£    £   
Trade debtors 7,210 3,189
Other debtors 15,042 -
Advanced payment to solicitor 30,000 -
Prepayments and accrued income 2,062 -
54,314 3,189

7 Oaks Caring Dentistry Limited (Registered number: 09057376)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 31.5.22
£    £   
Trade creditors 22,449 3,738
Tax 16,376 52,729
Social security and other taxes 2,567 1,327
Other creditors 494 363
Directors' current accounts - 52,342
Accrued expenses 586 5,280
42,472 115,779

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors current accounts balance of £NIL (2022:£52,342) relates to director Mr M Atkinson.

9. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Envisage Dental UK Limited, incorporated in England and Wales.
The ultimate parent is Envisage Dental Holdings Limited, incorporated in England and Wales.