REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2021 to 31 May 2023 |
for |
Aone Dental Practices Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2021 to 31 May 2023 |
for |
Aone Dental Practices Limited |
Aone Dental Practices Limited (Registered number: SC457177) |
Contents of the Financial Statements |
for the Period 1 December 2021 to 31 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 9 |
Aone Dental Practices Limited |
Company Information |
for the Period 1 December 2021 to 31 May 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Unit 3 Cedar Court |
1 Royal Oak Yard |
London |
SE1 3GA |
BANKERS: |
262 Union Street |
Aberdeen |
AB10 1TP |
Aone Dental Practices Limited (Registered number: SC457177) |
Balance Sheet |
31 May 2023 |
31.5.23 | 30.11.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Aone Dental Practices Limited (Registered number: SC457177) |
Balance Sheet - continued |
31 May 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 |
Aone Dental Practices Limited (Registered number: SC457177) |
Notes to the Financial Statements |
for the Period 1 December 2021 to 31 May 2023 |
1. | STATUTORY INFORMATION |
Aone Dental Practices Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Fees receivable is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 2016 and 2018 is being amortised evenly over its estimated useful life of 20 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 |
Freehold property | - |
Leasehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
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. |
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. |
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 period was |
Aone Dental Practices Limited (Registered number: SC457177) |
Notes to the Financial Statements - continued |
for the Period 1 December 2021 to 31 May 2023 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 December 2021 |
and 31 May 2023 |
AMORTISATION |
At 1 December 2021 |
Amortisation for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 30 November 2021 |
5. | TANGIBLE FIXED ASSETS |
Freehold | Leasehold | Plant and |
property | property | machinery |
£ | £ | £ |
COST |
At 1 December 2021 |
Additions |
At 31 May 2023 |
DEPRECIATION |
At 1 December 2021 |
Charge for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 30 November 2021 |
Aone Dental Practices Limited (Registered number: SC457177) |
Notes to the Financial Statements - continued |
for the Period 1 December 2021 to 31 May 2023 |
5. | TANGIBLE FIXED ASSETS - continued |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2021 |
Additions |
At 31 May 2023 |
DEPRECIATION |
At 1 December 2021 |
Charge for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 30 November 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 30.11.21 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Wages advance | 8,550 | 2,500 |
Directors' current accounts | - | 7,107 |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 30.11.21 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 9) |
Trade creditors |
Associate fees control | - | 8,174 |
Tax |
Social security and other taxes |
Pension control | 1,967 | 1,754 |
Other Creditor |
Directors' current accounts | 29,929 | 8,422 |
Accrued expenses |
Aone Dental Practices Limited (Registered number: SC457177) |
Notes to the Financial Statements - continued |
for the Period 1 December 2021 to 31 May 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.23 | 30.11.21 |
£ | £ |
Loan 1-2 years |
Loan 2-5 years |
Loan over 5 years |
Bounce Back Loan | 35,196 | 50,000 |
Hire purchase contracts (see note 9) |
Directors' loan accounts | 12 | 32,190 |
Amounts falling due in more than five years: |
Repayable by instalments |
Loan over 5 years | 171,097 | 494,133 |
Bounce Back Loan | 35,196 | 50,000 |
206,293 | 544,133 |
9. | LEASING AGREEMENTS |
Minimum lease payments under hire purchase fall due as follows: |
31.5.23 | 30.11.21 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the period ended 31 May 2023 and the year ended 30 November 2021: |
31.5.23 | 30.11.21 |
£ | £ |
Balance outstanding at start of period | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) | ( |
) |
Aone Dental Practices Limited (Registered number: SC457177) |
Notes to the Financial Statements - continued |
for the Period 1 December 2021 to 31 May 2023 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
Balance outstanding at start of period | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) | ( |
) |
11. | RELATED PARTY DISCLOSURES |
The company was under the control of Mr Raghu Lal, a director throughout the current period. Mr Raghu Lal is personally interested in 50% (2021 - 50%) of the company share capital. In addition his spouse and close member of family control a further 50% (2021 - 50%) of the company's issued share capital. |
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8. |
Aone Dental Practices Limited |
Report of the Accountants to the Directors of |
Aone Dental Practices Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 May 2023 set out on page nil and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Unit 3 Cedar Court |
1 Royal Oak Yard |
London |
SE1 3GA |
Date: ............................................. |