Registered number
07118083
J B Jefferies The Dental Surgery Limited
Unaudited Filleted Accounts
For the Year Ended
31 March 2023
J B Jefferies The Dental Surgery Limited
Registered number: 07118083
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 287,126 328,143
Tangible assets 4 220,135 204,862
507,261 533,005
Current assets
Stocks 1,200 900
Debtors 5 2,543 2,450
Cash at bank and in hand 405,273 411,497
409,016 414,847
Creditors: amounts falling due within one year 6 (247,179) (302,844)
Net current assets 161,837 112,003
Total assets less current liabilities 669,098 645,008
Creditors: amounts falling due after more than one year 7 (22,651) (32,363)
Provisions for liabilities (4,586) (1,684)
Net assets 641,861 610,961
Capital and reserves
Called up share capital 10 10
Profit and loss account 641,851 610,951
Shareholders' funds 641,861 610,961
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J B Jefferies
Director
Approved by the board on 7 November 2023
J B Jefferies The Dental Surgery Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Not depreciated
Plant and machinery 10% reducing balance
Computers over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 820,347
At 31 March 2023 820,347
Amortisation
At 1 April 2022 492,204
Provided during the year 41,017
At 31 March 2023 533,221
Net book value
At 31 March 2023 287,126
At 31 March 2022 328,143
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 196,000 27,650 223,650
Additions - 19,947 19,947
At 31 March 2023 196,000 47,597 243,597
Depreciation
At 1 April 2022 - 18,788 18,788
Charge for the year - 4,674 4,674
At 31 March 2023 - 23,462 23,462
Net book value
At 31 March 2023 196,000 24,135 220,135
At 31 March 2022 196,000 8,862 204,862
5 Debtors 2023 2022
£ £
Trade debtors 1,601 1,549
Other debtors 942 901
2,543 2,450
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,704 9,696
Trade creditors 5,419 5,771
Taxation and social security costs 43,342 47,190
Other creditors 188,714 240,187
247,179 302,844
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,651 32,363
8 Other information
J B Jefferies The Dental Surgery Limited is a private company limited by shares and incorporated in England. Its registered office is:
Speight Bridge Beehive Lane
New Hutton
Kendal
Cumbria
LA8 0AJ
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