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
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
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
Tooth London Ltd
Statement of financial position
as at 30 April 2023
Intangible assets
288,000
360,000
Tangible assets
322,759
384,838
Cash at bank and in hand
616,786
247,276
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
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
Tooth London Ltd
Notes to the Accounts
for the year ended 30 April 2023
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.
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 as modified by the revaluation of certain fixed assets.
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 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, 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.
Tooth London Ltd
Notes to the Accounts
for the year ended 30 April 2023
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.
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 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
Charge for the year
72,000
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
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
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
Amounts falling due within one year
Accrued income and prepayments
23,182
18,082
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
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).