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REGISTERED NUMBER: 09433475 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

SKY Dental Services Limited

SKY Dental Services Limited (Registered number: 09433475)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKY Dental Services Limited

Company Information
for the year ended 28 February 2023







DIRECTOR: Dr K M Abdel Khalek





REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 09433475 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

SKY Dental Services Limited (Registered number: 09433475)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 336,596 362,488
Property, plant and equipment 5 38,466 23,306
375,062 385,794

CURRENT ASSETS
Inventories 1,650 1,500
Debtors 6 14,408 24,295
Cash at bank 45,309 38,671
61,367 64,466
CREDITORS
Amounts falling due within one year 7 60,561 58,727
NET CURRENT ASSETS 806 5,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,868

391,533

CREDITORS
Amounts falling due after more than
one year

8

(322,456

)

(342,704

)

ACCRUALS AND DEFERRED INCOME (16,059 ) (21,711 )
NET ASSETS 37,353 27,118

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 37,233 26,998
37,353 27,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

SKY Dental Services Limited (Registered number: 09433475)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





Dr K M Abdel Khalek - Director


SKY Dental Services Limited (Registered number: 09433475)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

SKY Dental Services 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
Revenue 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 2022, is being amortised evenly over its estimated useful life of fifteen 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SKY Dental Services Limited (Registered number: 09433475)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 12 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 388,380
AMORTISATION
At 1 March 2022 25,892
Charge for year 25,892
At 28 February 2023 51,784
NET BOOK VALUE
At 28 February 2023 336,596
At 28 February 2022 362,488

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 29,132 - 1,197 30,329
Additions 15,818 7,776 1,419 25,013
At 28 February 2023 44,950 7,776 2,616 55,342
DEPRECIATION
At 1 March 2022 5,826 - 1,197 7,023
Charge for year 7,825 1,555 473 9,853
At 28 February 2023 13,651 1,555 1,670 16,876
NET BOOK VALUE
At 28 February 2023 31,299 6,221 946 38,466
At 28 February 2022 23,306 - - 23,306

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,908 8,304
Other debtors 6,500 15,991
14,408 24,295

SKY Dental Services Limited (Registered number: 09433475)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,417 39,006
Trade creditors 4,257 4,056
Taxation and social security 27,588 11,878
Other creditors 6,299 3,787
60,561 58,727

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 322,456 342,704

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 242,381 188,618

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Dr K M Abdel Khalek
Balance outstanding at start of year 9,491 -
Amounts advanced 150,509 9,491
Amounts repaid (160,164 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (164 ) 9,491

10. ULTIMATE CONTROLLING PARTY

The controlling party is Dr K M Abdel Khalek.