Registered number
06828447
Swed Dental Care Ltd
Unaudited Filleted Accounts
28 February 2023
Swed Dental Care Ltd
Registered number: 06828447
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 15,220 20,294
Current assets
Stocks 2,000 2,000
Debtors 4 3,150 3,739
Cash at bank and in hand 33,659 62,056
38,809 67,795
Creditors: amounts falling due within one year 5 (19,537) (30,440)
Net current assets 19,272 37,355
Total assets less current liabilities 34,492 57,649
Provisions for liabilities (2,892) (3,856)
Net assets 31,600 53,793
Capital and reserves
Called up share capital 100 100
Profit and loss account 31,500 53,693
Shareholders' funds 31,600 53,793
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.
Dr B Aminnejad
Director
Approved by the board on 7 November 2023
Swed Dental Care Ltd
Notes to the Accounts
for the year ended 28 February 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
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:
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
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.
Deferred Taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
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 4 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 5,358 109,182 114,540
At 28 February 2023 5,358 109,182 114,540
Depreciation
At 1 March 2022 5,358 88,888 94,246
Charge for the year - 5,074 5,074
At 28 February 2023 5,358 93,962 99,320
Net book value
At 28 February 2023 - 15,220 15,220
At 28 February 2022 - 20,294 20,294
4 Debtors 2023 2022
£ £
Trade debtors 2,568 3,246
Other debtors 582 493
3,150 3,739
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 350 985
Corporation tax 606 7,680
Other taxes and social security costs 610 946
Other creditors 17,971 20,829
19,537 30,440
6 Controlling party
The company is controlled by Dr B Aminnejad
7 Other information
Swed Dental Care Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Lloyd Street
Llandudno
Conwy
LL30 2UU
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