Caseware UK (AP4) 2022.0.179 2022.0.179 2022-04-01falsedental practice activities4238falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08631422 2022-04-01 2023-03-31 08631422 2023-03-31 08631422 2021-04-01 2022-03-31 08631422 2022-03-31 08631422 c:Director2 2022-04-01 2023-03-31 08631422 d:PlantMachinery 2022-04-01 2023-03-31 08631422 d:PlantMachinery 2023-03-31 08631422 d:PlantMachinery 2022-03-31 08631422 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08631422 d:FurnitureFittings 2022-04-01 2023-03-31 08631422 d:FurnitureFittings 2023-03-31 08631422 d:FurnitureFittings 2022-03-31 08631422 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08631422 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08631422 d:Goodwill 2022-04-01 2023-03-31 08631422 d:Goodwill 2023-03-31 08631422 d:Goodwill 2022-03-31 08631422 d:CurrentFinancialInstruments 2023-03-31 08631422 d:CurrentFinancialInstruments 2022-03-31 08631422 d:Non-currentFinancialInstruments 2023-03-31 08631422 d:Non-currentFinancialInstruments 2022-03-31 08631422 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08631422 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08631422 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08631422 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08631422 d:ShareCapital 2023-03-31 08631422 d:ShareCapital 2022-03-31 08631422 d:RetainedEarningsAccumulatedLosses 2023-03-31 08631422 d:RetainedEarningsAccumulatedLosses 2022-03-31 08631422 c:FRS102 2022-04-01 2023-03-31 08631422 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08631422 c:FullAccounts 2022-04-01 2023-03-31 08631422 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08631422 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 08631422













Bamford Dental Practice Limited

Financial statements
Information for filing with the registrar

31 March 2023




 
Bamford Dental Practice Limited


Balance sheet
At 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
649,000
708,000

Tangible assets
 5 
150,174
133,434

  
799,174
841,434

Current assets
  

Stocks
  
20,313
35,969

Debtors: amounts falling due within one year
 6 
122,461
107,173

Bank and cash balances
  
428,748
447,115

  
571,522
590,257

Creditors: amounts falling due within one year
 7 
(373,614)
(438,298)

Net current assets
  
 
 
197,908
 
 
151,959

Total assets less current liabilities
  
997,082
993,393

Creditors: amounts falling due after more than one year
 8 
(85,298)
(116,100)

Provisions for liabilities
  

Deferred tax
  
(33,944)
(29,887)

  
 
 
(33,944)
 
 
(29,887)

Net assets
  
877,840
847,406


Capital and reserves
  

Called up share capital 
  
90
90

Profit and loss account
  
877,750
847,316

Shareholders' funds
  
877,840
847,406


1

 
Bamford Dental Practice Limited

    
Balance sheet (continued)
At 31 March 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2023.




Mr B J Bennett
Director

Registered number: 08631422
The notes on pages 3 to 8 form part of these financial statements. 

2

 
Bamford Dental Practice Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Norden Road, Bamford, Rochdale, Greater Manchester, OL11 5PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents private dental fee income receivable during the period.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3

 
Bamford Dental Practice Limited
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

4

 
Bamford Dental Practice Limited
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 42 (2022 - 38).

5

 
Bamford Dental Practice Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
1,180,000



At 31 March 2023

1,180,000



Amortisation


At 1 April 2022
472,000


Charge for the year on owned assets
59,000



At 31 March 2023

531,000



Net book value



At 31 March 2023
649,000



At 31 March 2022
708,000



6

 
Bamford Dental Practice Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
266,643
49,802
316,445


Additions
51,931
4,543
56,474



At 31 March 2023

318,574
54,345
372,919



Depreciation


At 1 April 2022
148,618
34,393
183,011


Charge for the year on owned assets
35,881
3,853
39,734



At 31 March 2023

184,499
38,246
222,745



Net book value



At 31 March 2023
134,075
16,099
150,174



At 31 March 2022
118,025
15,409
133,434


6.


Debtors

2023
2022
£
£


Trade debtors
49,160
38,926

Other debtors
73,301
68,247

122,461
107,173


7

 
Bamford Dental Practice Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank overdrafts
25,024
10,293

Bank loans
26,521
25,000

Trade creditors
94,265
68,470

Corporation tax
46,790
38,717

Other taxation and social security
22,455
11,913

Obligations under finance lease and hire purchase contracts
27,319
28,459

Other creditors
57,276
194,000

Accruals and deferred income
73,964
61,446

373,614
438,298



8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
49,041
77,083

Net obligations under finance leases and hire purchase contracts
36,257
39,017

85,298
116,100



9.


Related party transactions

During the year, GM Healthcare Limited held 15 shares in Bamford Dental Practice Limited. At the end of the year, the amount owed from GM Healthcare Limited was £71,301 (2022: £66,247).

 
8