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Registered Number: 02218151
England and Wales

 

 

 

KAREDENT LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2021

End date: 18 October 2022
Director Barry Lanesman
Registered Number 02218151
Registered Office 67 Ombersley Street
Droitwich
WR9 8QS
1
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Intangible fixed assets 3 65,522    95,414 
Tangible fixed assets 4 47,597    262,343 
113,119    357,757 
Current assets      
Stocks 5 16,000    8,498 
Debtors: amounts falling due within one year 6 (4,110)   73,783 
Cash at bank and in hand 91,360    651,525 
103,250    733,806 
Creditors: amount falling due within one year 7 (208,417)   (292,661)
Net current liabilities (105,167)   441,145 
 
Total assets less current liabilities 7,952    798,902 
Creditors: amount falling due after more than one year 8   (48,889)
Provisions for liabilities 9 (4,652)   (4,652)
Net assets 3,300    745,361 
 

Capital and reserves
     
Called up share capital 10 100    100 
Profit and loss account 3,200    745,261 
Shareholder's funds 3,300    745,361 
 


For the period ended 18 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The director has chosen to exercise the option in S444(1)(a) CA 206 and file just the balance sheet.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small company's regime.
The financial statements were approved by the director on 31 October 2023 and were signed by:


-------------------------------
Barry Lanesman
Director
2
General Information
Karedent Limited is a private company, limited by shares, registered in England and Wales, registration number 02218151, registration address 67 Ombersley Street, Droitwich, WR9 8QS.

The presentation currency is £ sterling.
1.

Accounting policies

Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Amortised over 20 years
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 5% Reducing Balance
Plant and Machinery 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
A provision has been included for monies received in advance of dental treatment.
2.

Average number of employees


Average number of employees during the period was 7 (2021 : 7).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 July 2021 459,869    459,869 
Additions  
Disposals  
At 18 October 2022 459,869    459,869 
Amortisation
At 01 July 2021 364,455    364,455 
Charge for period 29,892    29,892 
On disposals  
At 18 October 2022 394,347    394,347 
Net book values
At 18 October 2022 65,522    65,522 
At 30 June 2021 95,414    95,414 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 July 2021 256,519    213,806    470,325 
Additions   43,845    43,845 
Disposals (256,519)     (256,519)
At 18 October 2022   257,651    257,651 
Depreciation
At 01 July 2021 20,520    187,462    207,982 
Charge for period   22,592    22,592 
On disposals (20,520)     (20,520)
At 18 October 2022   210,054    210,054 
Net book values
Closing balance as at 18 October 2022   47,597    47,597 
Opening balance as at 01 July 2021 235,999    26,344    262,343 


5.

Stocks

2022
£
  2021
£
Stocks 16,000    8,498 
16,000    8,498 

6.

Debtors: amounts falling due within one year

2022
£
  2021
£
Trade Debtors 10,878    3,647 
Wellbray Limited (45,198)  
Other Debtors 2,867    250 
S458 Asset 27,343   
Directors' Current Accounts   69,886 
(4,110)   73,783 

7.

Creditors: amount falling due within one year

2022
£
  2021
£
Trade Creditors 52,806    122,486 
Bounce Back Loan   10,000 
Corporation Tax 145,629    93,001 
Karedent Deferred Income 9,981    67,174 
Other Creditors 1   
208,417    292,661 

8.

Creditors: amount falling due after more than one year

2022
£
  2021
£
Bounce Back Loan over 1 year   39,219 
Obligations Under HP/Financial Leases   9,670 
  48,889 

9.

Provisions for liabilities

2022
£
  2021
£
Deferred Tax 4,652    4,652 
4,652    4,652 

10.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2022
£
  2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

11.

Ultimate Controlling Party

The ultimate controlling party is Wellbray Limited which is owed £45198 as at 18th October 2022
12.

Directors Loan

As at 18th October 2022, the directors loan balance was £0 due to Karedent Ltd (30th June 2021 £69,886)
3