Caseware UK (AP4) 2022.0.179 2022.0.179 2022-04-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08083698 2022-04-01 2023-03-31 08083698 2023-03-31 08083698 2021-04-01 2022-03-31 08083698 2022-03-31 08083698 c:Director1 2022-04-01 2023-03-31 08083698 d:PlantMachinery 2022-04-01 2023-03-31 08083698 d:PlantMachinery 2023-03-31 08083698 d:PlantMachinery 2022-03-31 08083698 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08083698 d:Goodwill 2023-03-31 08083698 d:Goodwill 2022-03-31 08083698 d:CurrentFinancialInstruments 2023-03-31 08083698 d:CurrentFinancialInstruments 2022-03-31 08083698 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08083698 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08083698 d:ShareCapital 2023-03-31 08083698 d:ShareCapital 2022-03-31 08083698 d:RetainedEarningsAccumulatedLosses 2023-03-31 08083698 d:RetainedEarningsAccumulatedLosses 2022-03-31 08083698 c:FRS102 2022-04-01 2023-03-31 08083698 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08083698 c:FullAccounts 2022-04-01 2023-03-31 08083698 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08083698 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 08083698













Lincoln Orthodontics Limited

Financial statements
Information for filing with the registrar

31 March 2023




 
Lincoln Orthodontics Limited


Balance sheet
At 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,867
-

Investments
 6 
298,299
285,818

  
300,166
285,818

Current assets
  

Debtors: amounts falling due within one year
 7 
189,571
189,571

Bank and cash balances
  
262,641
125

  
452,212
189,696

Creditors: amounts falling due within one year
 8 
(258,003)
(296,949)

Net current assets/(liabilities)
  
 
 
194,209
 
 
(107,253)

Total assets less current liabilities
  
494,375
178,565

Provisions for liabilities
  

Deferred tax
  
(58,836)
(55,249)

  
 
 
(58,836)
 
 
(55,249)

Net assets
  
435,539
123,316


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
435,439
123,216

Shareholders' funds
  
435,539
123,316


1

 
Lincoln Orthodontics Limited

    
Balance sheet (continued)
At 31 March 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 October 2023.




Matthew David Clare
Director

Registered number: 08083698
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Lincoln Orthodontics Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Deacon Road, Lincoln, LN2 4JB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents private fees and capitation schemes
income receivable during the period.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

3

 
Lincoln Orthodontics Limited
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.7

Financial instruments

The company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

4

 
Lincoln Orthodontics Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
650,000



At 31 March 2023

650,000



Amortisation


At 1 April 2022
650,000



At 31 March 2023

650,000



Net book value



At 31 March 2023
-



At 31 March 2022
-




5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
2,000



At 31 March 2023

2,000



Depreciation


Charge for the year on owned assets
133



At 31 March 2023

133



Net book value



At 31 March 2023
1,867



At 31 March 2022
-

5

 
Lincoln Orthodontics Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2022
285,818


Additions
12,481



At 31 March 2023
298,299





7.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
189,571
189,571

189,571
189,571



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Corporation tax
87,133
13,572

Other creditors
168,494
281,217

Accruals and deferred income
2,376
2,160

258,003
296,949



9.


Related party transactions

The Director Mr M Clare is also a director and shareholder in the company LATO Holdings Limited.
The company held an intercompany loan account with LATO Holdings Limited. At 31 March 2023
the amount outstanding was £193,794 (2022: £193,794) due from LATO Holdings Limited.
The Director Mr M Clare is also a director and shareholder in the company Drayton Norwich Limited. The company held an intercompany loan account with Drayton Norwich Limited. At 31 March 2023 the amount outstanding was £4,223 (2022: £4,223) due to Drayton Norwich Limited.

 
6