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REGISTERED NUMBER: 09918149 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NORDEA DENTAL LIMITED

NORDEA DENTAL LIMITED (REGISTERED NUMBER: 09918149)






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


NORDEA DENTAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Dr T Razavi
Ms L C Ochoa





REGISTERED OFFICE: 85 Parrys Lane
Stoke Bishop
Bristol
BS9 1AN





REGISTERED NUMBER: 09918149 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

NORDEA DENTAL LIMITED (REGISTERED NUMBER: 09918149)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 250,250 123,970
Tangible assets 5 28,961 39,551
279,211 163,521

CURRENT ASSETS
Debtors 6 21,709 9,999
Cash at bank and in hand 11,312 11,660
33,021 21,659
CREDITORS
Amounts falling due within one year 7 132,471 150,724
NET CURRENT LIABILITIES (99,450 ) (129,065 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,761

34,456

CREDITORS
Amounts falling due after more than one
year

8

(290,757

)

(147,348

)

PROVISIONS FOR LIABILITIES (5,503 ) (7,515 )
NET LIABILITIES (116,499 ) (120,407 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (117,499 ) (121,407 )
SHAREHOLDERS' FUNDS (116,499 ) (120,407 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:



Dr T Razavi - Director


NORDEA DENTAL LIMITED (REGISTERED NUMBER: 09918149)

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

1. STATUTORY INFORMATION

Nordea Dental 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" 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, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of fifteen 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 7 ) .

NORDEA DENTAL LIMITED (REGISTERED NUMBER: 09918149)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022 177,100
Additions 135,135
At 31 March 2023 312,235
AMORTISATION
At 1 April 2022 53,130
Charge for year 8,855
At 31 March 2023 61,985
NET BOOK VALUE
At 31 March 2023 250,250
At 31 March 2022 123,970

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 99,717
DEPRECIATION
At 1 April 2022 60,166
Charge for year 10,590
At 31 March 2023 70,756
NET BOOK VALUE
At 31 March 2023 28,961
At 31 March 2022 39,551

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 253 -
Amounts owed by group undertakings 2,221 -
Other debtors 19,235 9,999
21,709 9,999

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,520 11,887
Trade creditors 52,805 57,730
Amounts owed to group undertakings 47,290 66,685
Taxation and social security 2,941 10,642
Other creditors 3,915 3,780
132,471 150,724

NORDEA DENTAL LIMITED (REGISTERED NUMBER: 09918149)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 290,757 147,348

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 176,845 94,290

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end there were overdrawn directors loan balances of £9,934 and £9,300. This was cleared by dividend shortly after the year end.