Company registration number 14115140 (England and Wales)
DENTAQUEST LTD
(FORMERLY ALIGN DENTAL LTD)
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
DENTAQUEST LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
DENTAQUEST LTD
BALANCE SHEET
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
3
21,191
Current assets
Cash at bank and in hand
129
Creditors: amounts falling due within one year
4
(46,327)
Net current liabilities
(46,198)
Net liabilities
(25,007)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(25,107)
Total equity
(25,007)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 6 February 2024
Dr T MacDonagh
Director
Company registration number 14115140 (England and Wales)
DENTAQUEST LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 18 May 2022
-
Period ended 31 May 2023:
Loss and total comprehensive income
-
(25,107)
(25,107)
Issue of share capital
100
-
100
Balance at 31 May 2023
100
(25,107)
(25,007)
DENTAQUEST LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
- 3 -
1
Accounting policies
Company information
Dentaquest Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 62 Beach Road, Weston-Super-Mare, Somerset, BS23 4BE.
1.1
Reporting period
The first period of account covers the period from the incorporation date of 18 May 2022 to 31 May 2022. As this is the first period of incorporation, no comparative amounts are presented within the financial statements.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.3
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
5% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
DENTAQUEST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 18 May 2022
Additions
22,307
At 31 May 2023
22,307
Depreciation and impairment
At 18 May 2022
Depreciation charged in the period
1,116
At 31 May 2023
1,116
Carrying amount
At 31 May 2023
21,191
4
Creditors: amounts falling due within one year
2023
£
Other creditors
46,327