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
Oral Implants Limited
Company Information
for the year ended 31 August 2023
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
Oral Implants Limited
Statement of financial position
as at 31 August 2023
Tangible assets
8,549
7,558
Cash at bank and in hand
221,192
239,443
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
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
Oral Implants Limited
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 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 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
At 1 September 2022
215,000
At 1 September 2022
215,000
Oral Implants Limited
Notes to the Accounts
for the year ended 31 August 2023
5
Tangible fixed assets
Plant & machinery
At 1 September 2022
75,298
At 1 September 2022
67,740
Amounts falling due within one year
Other debtors
16,279
6,939
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
10,016
Taxes and social security
24,984
30,931
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).