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REGISTERED NUMBER: 07521346 (England and Wales)









TANGMERE DENTAL CARE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






TANGMERE DENTAL CARE LTD (REGISTERED NUMBER: 07521346)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TANGMERE DENTAL CARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Dr P D Liano
Mrs S L Liano





SECRETARY: Mrs S L Liano





REGISTERED OFFICE: Malcolm Road
Tangmere
Chichester
West Sussex
PO20 2HS





REGISTERED NUMBER: 07521346 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

TANGMERE DENTAL CARE LTD (REGISTERED NUMBER: 07521346)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400,000 400,000
Tangible assets 5 94,740 80,570
494,740 480,570

CURRENT ASSETS
Stocks 24,480 23,695
Debtors 6 59,931 24,163
Cash at bank and in hand 236,910 255,109
321,321 302,967
CREDITORS
Amounts falling due within one year 7 122,117 110,254
NET CURRENT ASSETS 199,204 192,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

693,944

673,283

CREDITORS
Amounts falling due after more than one
year

8

(8,763

)

(63,490

)

PROVISIONS FOR LIABILITIES 9 (13,630 ) (9,963 )
NET ASSETS 671,551 599,830

CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Retained earnings 621,551 549,830
SHAREHOLDERS' FUNDS 671,551 599,830

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.

TANGMERE DENTAL CARE LTD (REGISTERED NUMBER: 07521346)

BALANCE SHEET - continued
31 MARCH 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 1 November 2023 and were signed on its behalf by:





Dr P D Liano - Director


TANGMERE DENTAL CARE LTD (REGISTERED NUMBER: 07521346)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Tangmere Dental Care Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 relates to the business which was incorporated in February 2011.

No amortisation is provided.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method


TANGMERE DENTAL CARE LTD (REGISTERED NUMBER: 07521346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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.

Hire purchase and leasing commitments
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 year was 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 400,000
NET BOOK VALUE
At 31 March 2023 400,000
At 31 March 2022 400,000

TANGMERE DENTAL CARE LTD (REGISTERED NUMBER: 07521346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 263,408 30,426 26,222 320,056
Additions 33,783 - 6,225 40,008
Disposals (8,700 ) - (2,160 ) (10,860 )
At 31 March 2023 288,491 30,426 30,287 349,204
DEPRECIATION
At 1 April 2022 215,738 8,426 15,322 239,486
Charge for year 16,028 5,000 3,331 24,359
Eliminated on disposal (7,515 ) - (1,866 ) (9,381 )
At 31 March 2023 224,251 13,426 16,787 254,464
NET BOOK VALUE
At 31 March 2023 64,240 17,000 13,500 94,740
At 31 March 2022 47,670 22,000 10,900 80,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,400 21,887
Other debtors 43,531 2,276
59,931 24,163

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,307 5,480
Trade creditors 16,593 11,499
Taxation and social security 28,750 39,757
Other creditors 72,467 53,518
122,117 110,254

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 8,763 13,070
Other creditors - 50,420
8,763 63,490

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 13,630 9,963

TANGMERE DENTAL CARE LTD (REGISTERED NUMBER: 07521346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 9,963
Charge to Income Statement during year 3,667
Balance at 31 March 2023 13,630

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary £1 - 50,000
40,000 Ordinary A £1 40,000 -
10,000 Ordinary B £1 10,000 -
50,000 50,000

The 50,000 Ordinary £1 shares were reclassified as 40,000 Ordinary A £1 shares and 10,000 Ordinary B £1 shares in February 2023.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Dr P D Liano
Balance outstanding at start of year - -
Amounts advanced 36,790 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,790 -

Mrs S L Liano
Balance outstanding at start of year - -
Amounts advanced 4,790 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,790 -