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REGISTERED NUMBER: 10607068 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Main Street Dental Limited

Main Street Dental Limited (Registered number: 10607068)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Main Street Dental Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Dr C P Caldwell
Mrs L M C Caldwell





REGISTERED OFFICE: 69a Main Street
Frodsham
Cheshire
WA6 7DF





REGISTERED NUMBER: 10607068 (England and Wales)





ACCOUNTANTS: Sawyer Quine & Co
202 Merlin Park
Ringtail Road
Burscough
Ormskirk
Lancashire
L40 8JY

Main Street Dental Limited (Registered number: 10607068)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 134,170 167,028
Tangible assets 5 104,955 72,296
239,125 239,324

CURRENT ASSETS
Stocks 3,800 3,800
Debtors 6 136,179 73,768
Cash at bank and in hand 346,253 258,223
486,232 335,791
CREDITORS
Amounts falling due within one year 7 220,003 167,274
NET CURRENT ASSETS 266,229 168,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,354

407,841

CREDITORS
Amounts falling due after more than one
year

8

(129,760

)

(155,294

)

PROVISIONS FOR LIABILITIES (17,176 ) (9,131 )
NET ASSETS 358,418 243,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 358,318 243,316
SHAREHOLDERS' FUNDS 358,418 243,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Main Street Dental Limited (Registered number: 10607068)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





Dr C P Caldwell - Director


Main Street Dental Limited (Registered number: 10607068)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Main Street Dental 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
Turnover 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 2017, 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.
Plant and machinery etc - 20% on cost

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 year 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Main Street Dental Limited (Registered number: 10607068)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 328,580
AMORTISATION
At 1 March 2022 161,552
Charge for year 32,858
At 28 February 2023 194,410
NET BOOK VALUE
At 28 February 2023 134,170
At 28 February 2022 167,028

5. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£    £    £   
COST
At 1 March 2022 39,190 125,322 164,512
Additions - 66,119 66,119
At 28 February 2023 39,190 191,441 230,631
DEPRECIATION
At 1 March 2022 25,196 67,020 92,216
Charge for year 7,838 25,622 33,460
At 28 February 2023 33,034 92,642 125,676
NET BOOK VALUE
At 28 February 2023 6,156 98,799 104,955
At 28 February 2022 13,994 58,302 72,296

Main Street Dental Limited (Registered number: 10607068)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 3,299 4,961
Other debtors 132,880 68,807
136,179 73,768

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 22,363 16,535
Trade creditors 13,616 13,175
Taxation and social security 112,876 93,541
Other creditors 61,148 34,023
220,003 167,274

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 29,295 14,745
Other creditors 77,965 108,049
129,760 155,294

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 51,658 31,280