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REGISTERED NUMBER: 06276922 (England and Wales)


















New Road Dental Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






New Road Dental Limited (Registered number: 06276922)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Road Dental Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: N Patel
P Dhanani





SECRETARY: P Dhanani





REGISTERED OFFICE: 119 New Road
Croxley Green
Hertfordshire
WD3 3EN





REGISTERED NUMBER: 06276922 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

New Road Dental Limited (Registered number: 06276922)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 78,839 105,119

CURRENT ASSETS
Debtors 5 854,871 777,399
Cash at bank 33,040 61,279
887,911 838,678
CREDITORS
Amounts falling due within one year 6 (290,423 ) (375,914 )
NET CURRENT ASSETS 597,488 462,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

676,327

567,883

CREDITORS
Amounts falling due after more than one
year

7

(158,066

)

(278,284

)

PROVISIONS FOR LIABILITIES (19,710 ) (19,973 )
NET ASSETS 498,551 269,626

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 498,549 269,624
SHAREHOLDERS' FUNDS 498,551 269,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

New Road Dental Limited (Registered number: 06276922)

Balance Sheet - continued
31 May 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 10 October 2023 and were signed on its behalf by:




P Dhanani - Director



N Patel - Director


New Road Dental Limited (Registered number: 06276922)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

New Road 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.

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 etc - 25% 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
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.

New Road Dental Limited (Registered number: 06276922)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022
and 31 May 2023 318,746
DEPRECIATION
At 1 June 2022 213,627
Charge for year 26,280
At 31 May 2023 239,907
NET BOOK VALUE
At 31 May 2023 78,839
At 31 May 2022 105,119

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and
machinery
£   
COST
At 1 June 2022
and 31 May 2023 162,469
DEPRECIATION
At 1 June 2022 71,080
Charge for year 22,847
At 31 May 2023 93,927
NET BOOK VALUE
At 31 May 2023 68,542
At 31 May 2022 91,389

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 854,871 777,399

New Road Dental Limited (Registered number: 06276922)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 57,194 91,137
Hire purchase contracts and finance leases 36,000 36,303
Taxation and social security 166,420 183,993
Other creditors 30,809 64,481
290,423 375,914

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 109,932 193,013
Hire purchase contracts and finance leases 48,134 85,271
158,066 278,284

8. SECURED DEBTS

The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

9. RELATED PARTY DISCLOSURES

The company has provided loan to its directors. The loan is interest bearing and repayable on demand. At the year end, amount receivable from Mr P Dhanani and Mr N Patel was £653,965 (2022: £571,462).