Registered number
06163846
Hoddesdon Dental Surgery Ltd
Filleted Accounts
31 March 2023
Hoddesdon Dental Surgery Ltd
Registered number: 06163846
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 104,421 130,221
Tangible assets 4 92,510 61,348
Investments 5 2 2
196,933 191,571
Current assets
Stocks 5,025 5,000
Debtors 6 791,883 651,885
Cash at bank and in hand 24,622 32,598
821,530 689,483
Creditors: amounts falling due within one year 7 (50,466) (64,344)
Net current assets 771,064 625,139
Total assets less current liabilities 967,997 816,710
Provisions for liabilities (16,611) (10,478)
Net assets 951,386 806,232
Capital and reserves
Called up share capital 600 600
Profit and loss account 950,786 805,632
Shareholders' funds 951,386 806,232
The directors are 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 directors acknowledge their 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 U Shah
Director
Approved by the board on 23 November 2023
Hoddesdon Dental Surgery Ltd
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:
Leasehold land and buildings over the lease term
Plant and machinery 10% on reducing balance
Fixtures, fittings, tools and equipment 10% on reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
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 9 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 517,221
At 31 March 2023 517,221
Amortisation
At 1 April 2022 387,000
Provided during the year 25,800
At 31 March 2023 412,800
Net book value
At 31 March 2023 104,421
At 31 March 2022 130,221
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 Computer Total
£ £ £ £
Cost
At 1 April 2022 9,284 369,418 19,060 397,762
Additions - 38,048 3,393 41,441
At 31 March 2023 9,284 407,466 22,453 439,203
Depreciation
At 1 April 2022 9,284 323,874 3,256 336,414
Charge for the year - 8,359 1,920 10,279
At 31 March 2023 9,284 332,233 5,176 346,693
Net book value
At 31 March 2023 - 75,233 17,277 92,510
At 31 March 2022 - 45,544 15,804 61,348
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2022 2
At 31 March 2023 2
Historical cost
At 1 April 2022 2
At 31 March 2023 2
6 Debtors 2023 2022
£ £
Trade debtors 13,379 19,363
Amounts owed by group undertakings and undertakings in which the company has a participating interest 778,504 632,522
791,883 651,885
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 10,835 10,576
Corporation tax 16,323 30,612
Other creditors 23,308 23,156
50,466 64,344
8 Other information
Hoddesdon Dental Surgery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
44 High Street
Hoddesdon
Hertfordshire
EN11 8DA
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