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REGISTERED NUMBER: 06219895 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Cudworth Dental Surgery Limited

Cudworth Dental Surgery Limited (Registered number: 06219895)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cudworth Dental Surgery Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A T Lloyd
Mrs L Lloyd





SECRETARY: A T Lloyd





REGISTERED OFFICE: 260 Barnsley Road
Cudworth
Barnsley
S72 8SU





REGISTERED NUMBER: 06219895 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Cudworth Dental Surgery Limited (Registered number: 06219895)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1
Tangible assets 5 312,226 161,676
312,226 161,677

CURRENT ASSETS
Stocks 37,318 35,729
Debtors 6 409,996 457,102
Cash at bank and in hand 78,538 120,547
525,852 613,378
CREDITORS
Amounts falling due within one year 7 147,795 159,633
NET CURRENT ASSETS 378,057 453,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

690,283

615,422

CREDITORS
Amounts falling due after more than one year 8 (336,379 ) (231,194 )

PROVISIONS FOR LIABILITIES (53,529 ) (30,648 )
NET ASSETS 300,375 353,580

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 300,275 353,480
SHAREHOLDERS' FUNDS 300,375 353,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Cudworth Dental Surgery Limited (Registered number: 06219895)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:





A T Lloyd - Director


Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cudworth Dental Surgery 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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of Goods
Revenue from the sale of goods is recognised when:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of Services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Government grants
Total grants = £9,599

Grants are recognised under the performance model.

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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

Financial instruments
Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2022 - 21 ) .

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 267,501
AMORTISATION
At 1 April 2022 267,500
Amortisation for year 1
At 31 March 2023 267,501
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 138,405 361,314 3,573 40,978 544,270
Additions 196,417 23,010 1,471 - 220,898
At 31 March 2023 334,822 384,324 5,044 40,978 765,168
DEPRECIATION
At 1 April 2022 93,474 252,159 715 36,246 382,594
Charge for year 33,482 33,041 1,008 2,817 70,348
At 31 March 2023 126,956 285,200 1,723 39,063 452,942
NET BOOK VALUE
At 31 March 2023 207,866 99,124 3,321 1,915 312,226
At 31 March 2022 44,931 109,155 2,858 4,732 161,676

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 41,700
DEPRECIATION
At 1 April 2022 10,425
Charge for year 7,819
At 31 March 2023 18,244
NET BOOK VALUE
At 31 March 2023 23,456
At 31 March 2022 31,275

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 409,996 457,102

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 34,387 25,356
Hire purchase contracts (see note 9) 8,266 7,774
Trade creditors 53,525 72,850
Taxation and social security 22,395 13,641
Other creditors 29,222 40,012
147,795 159,633

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 317,377 203,926
Hire purchase contracts (see note 9) 19,002 27,268
336,379 231,194

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 90,775 110,849

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 8,266 7,774
Between one and five years 19,002 27,268
27,268 35,042

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 39,192 -
Between one and five years 117,576 -
156,768 -

10. SECURED DEBTS

Santander PLC has a fixed and floating charge which covers all of the property or undertaking of the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A T Lloyd and Mrs L Lloyd
Balance outstanding at start of year 185,700 170,970
Amounts advanced 156,435 204,730
Amounts repaid (196,000 ) (190,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 146,135 185,700

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

This is repayable on demand. Interest has been charged at the official rate.


The Santander Plc bank loan is guaranteed by Mr A Lloyd and Mrs L Lloyd, directors and shareholders of the company.