REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JANUARY 2022 TO 31ST MARCH 2023 |
FOR |
CAMBRIDGE SMILE STUDIO LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JANUARY 2022 TO 31ST MARCH 2023 |
FOR |
CAMBRIDGE SMILE STUDIO LIMITED |
CAMBRIDGE SMILE STUDIO LIMITED (REGISTERED NUMBER: 06408338) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
Page |
Abridged Statement of Financial Position | 1 |
Notes to the Financial Statements | 3 |
CAMBRIDGE SMILE STUDIO LIMITED (REGISTERED NUMBER: 06408338) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31ST MARCH 2023 |
2023 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
CAMBRIDGE SMILE STUDIO LIMITED (REGISTERED NUMBER: 06408338) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31ST MARCH 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CAMBRIDGE SMILE STUDIO LIMITED (REGISTERED NUMBER: 06408338) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
1. | STATUTORY INFORMATION |
Cambridge Smile Studio Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents NHS and private dental income. |
Goodwill |
Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made. |
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 |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date. |
CAMBRIDGE SMILE STUDIO LIMITED (REGISTERED NUMBER: 06408338) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Investments |
Other investments are held at cost less impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2022 |
and 31st March 2023 |
AMORTISATION |
At 1st January 2022 |
Amortisation for period |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st December 2021 |
CAMBRIDGE SMILE STUDIO LIMITED (REGISTERED NUMBER: 06408338) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2022 |
Additions |
At 31st March 2023 |
DEPRECIATION |
At 1st January 2022 |
Charge for period |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st December 2021 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1st January 2022 | 61,520 |
Disposals | (61,520 | ) |
At 31st March 2023 | - |
NET BOOK VALUE |
At 31st March 2023 | - |
At 31st December 2021 | 61,520 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2023 | 2021 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 1,985,855 | - |