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REGISTERED NUMBER: 11877345 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Moodley Dental Practice Limited

Moodley Dental Practice Limited (Registered number: 11877345)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moodley Dental Practice Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr V Moodley





REGISTERED OFFICE: 9 High Street Olney
Olney
Milton Keynes
Buckinghamshire
MK46 4EB





REGISTERED NUMBER: 11877345 (England and Wales)





ACCOUNTANTS: Sachdevs
Chartered Accountants
4 Station Avenue
Tile Hill
Coventry
West Midlands
CV4 9HS

Moodley Dental Practice Limited (Registered number: 11877345)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 171,078 179,225
Tangible assets 5 111,331 35,910
282,409 215,135

CURRENT ASSETS
Cash at bank 179,185 148,068

CREDITORS
Amounts falling due within one year 6 (321,741 ) (225,297 )
NET CURRENT LIABILITIES (142,556 ) (77,229 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,853

137,906

CREDITORS
Amounts falling due after more than
one year

7

(65,766

)

(87,826

)
NET ASSETS 74,087 50,080

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 73,962 49,955
SHAREHOLDERS' FUNDS 74,087 50,080

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 director acknowledges his 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.

Moodley Dental Practice Limited (Registered number: 11877345)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





Dr V Moodley - Director


Moodley Dental Practice Limited (Registered number: 11877345)

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

1. STATUTORY INFORMATION

Moodley Dental Practice 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 2020, is being amortised evenly over its estimated useful life of twenty five 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 - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Moodley Dental Practice Limited (Registered number: 11877345)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 203,672
AMORTISATION
At 1 April 2022 24,447
Charge for year 8,147
At 31 March 2023 32,594
NET BOOK VALUE
At 31 March 2023 171,078
At 31 March 2022 179,225

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 45,622
Additions 105,681
At 31 March 2023 151,303
DEPRECIATION
At 1 April 2022 9,712
Charge for year 30,260
At 31 March 2023 39,972
NET BOOK VALUE
At 31 March 2023 111,331
At 31 March 2022 35,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 125,214 41,399
Taxation and social security - 12,564
Other creditors 196,527 171,334
321,741 225,297

Moodley Dental Practice Limited (Registered number: 11877345)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 65,766 87,826

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 29,155 37,896