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Company Registration No. 08597142 (England and Wales)
Tooth London Ltd Unaudited accounts for the year ended 30 April 2023
Tooth London Ltd Unaudited accounts Contents
Page
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Tooth London Ltd Company Information for the year ended 30 April 2023
Directors
Mr P J S Mansbridge Ms A K Olczak
Company Number
08597142 (England and Wales)
Registered Office
Crown House 27 Old Gloucester Street London WC1N 3AX
Accountants
Mackenzie
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Tooth London Ltd for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tooth London Ltd for the year ended 30 April 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Mackenzie Chartered Accountants 6 November 2023
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Tooth London Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
288,000 
360,000 
Tangible assets
322,759 
384,838 
610,759 
744,838 
Current assets
Debtors
23,100 
37,132 
Cash at bank and in hand
616,786 
247,276 
639,886 
284,408 
Creditors: amounts falling due within one year
(294,486)
(263,822)
Net current assets
345,400 
20,586 
Total assets less current liabilities
956,159 
765,424 
Creditors: amounts falling due after more than one year
(21,397)
(31,667)
Provisions for liabilities
Deferred tax
(45,000)
(52,000)
Net assets
889,762 
681,757 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
889,760 
681,755 
Shareholders' funds
889,762 
681,757 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by
Mr P J S Mansbridge Director Company Registration No. 08597142
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Tooth London Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Tooth London Ltd is a private company, limited by shares, registered in England and Wales, registration number 08597142. The registered office is Crown House, 27 Old Gloucester Street, London, WC1N 3AX.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and can be reliably measured. It is measured as the fair value of the consideration received or receivable, exluding discounts, rebates, value added tax and other taxes Rendering of services Turnover from the rendering of services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable costs when the outcome of a contract cannot be estimated reliably. Turnover represents the value of dentistry goods or services supplied. Private treatment is recognised based on the stage of completion and takes account of payments received at the time of treatment.
Intangible fixed assets
Intangible fixed assets, being purchased goodwill and goodwill arising on incorporation are included at cost less accumulated amortisation. Goodwill is amortised on a straight line basis over the estimated useful life - 10 years.
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Tooth London Ltd Notes to the Accounts for the year ended 30 April 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees and the pension charge represents the amounts payable by the company to the fund in respect of the year.
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 measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2022
720,000 
At 30 April 2023
720,000 
Amortisation
At 1 May 2022
360,000 
Charge for the year
72,000 
At 30 April 2023
432,000 
Net book value
At 30 April 2023
288,000 
At 30 April 2022
360,000 
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Tooth London Ltd Notes to the Accounts for the year ended 30 April 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2022
111,141 
182,645 
210,291 
1,836 
505,913 
Additions
- 
- 
6,000 
3,357 
9,357 
At 30 April 2023
111,141 
182,645 
216,291 
5,193 
515,270 
Depreciation
At 1 May 2022
- 
65,585 
54,532 
958 
121,075 
Charge for the year
- 
29,265 
40,440 
1,731 
71,436 
At 30 April 2023
- 
94,850 
94,972 
2,689 
192,511 
Net book value
At 30 April 2023
111,141 
87,795 
121,319 
2,504 
322,759 
At 30 April 2022
111,141 
117,060 
155,759 
878 
384,838 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
23,182 
18,082 
Other debtors
(82)
19,050 
23,100 
37,132 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
69,707 
72,043 
Taxes and social security
113,500 
- 
Loans from directors
51,279 
141,779 
Deferred income
50,000 
40,000 
294,486 
263,822 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,397 
31,667 
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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