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Company Registration No. 6815886 (England and Wales)
Oral Implants Limited Unaudited accounts for the year ended 31 August 2023
Oral Implants Limited Unaudited accounts Contents
Page
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Oral Implants Limited Company Information for the year ended 31 August 2023
Director
Dr MPJ Young
Secretary
JE Brumby
Company Number
6815886 (England and Wales)
Registered Office
29 Castle Street Northwich Cheshire CW8 1BA
Accountants
Longman Accountancy Services Ltd Goytside Farm Goytside New Mills High Peak SK22 4PS
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Oral Implants Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,549 
7,558 
Current assets
Debtors
24,764 
11,436 
Cash at bank and in hand
221,192 
239,443 
245,956 
250,879 
Creditors: amounts falling due within one year
(25,730)
(48,803)
Net current assets
220,226 
202,076 
Total assets less current liabilities
228,775 
209,634 
Provisions for liabilities
Deferred tax
(1,992)
(1,436)
Net assets
226,783 
208,198 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
226,683 
208,098 
Shareholders' funds
226,783 
208,198 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 November 2023 and were signed on its behalf by
Dr MPJ Young Director Company Registration No. 6815886
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Oral Implants Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Oral Implants Limited is a private company, limited by shares, registered in England and Wales, registration number 6815886. The registered office is 29 Castle Street, Northwich, Cheshire, CW8 1BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the total value of dentistry services provided in the year including amounts received directly from insurance plans and sales of dental products.
Goodwill
Goodwill has been written off in equal annual instalments over its estimated useful economic life of five years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the rate of 25% of the written down value in order to write off the assets over their estimated useful lives.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
215,000 
At 31 August 2023
215,000 
Amortisation
At 1 September 2022
215,000 
At 31 August 2023
215,000 
Net book value
At 31 August 2023
- 
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Oral Implants Limited Notes to the Accounts for the year ended 31 August 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
75,298 
Additions
3,840 
At 31 August 2023
79,138 
Depreciation
At 1 September 2022
67,740 
Charge for the year
2,849 
At 31 August 2023
70,589 
Net book value
At 31 August 2023
8,549 
At 31 August 2022
7,558 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,485 
4,497 
Other debtors
16,279 
6,939 
24,764 
11,436 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
10,016 
Trade creditors
118 
68 
Taxes and social security
24,984 
30,931 
Other creditors
628 
7,788 
25,730 
48,803 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dr MPJ Young
5,192 
122,881 
111,794 
16,279 
5,192 
122,881 
111,794 
16,279 
Interest on outstanding loan balance is charged at 2.25%.
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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