New Life Teeth Manchester Limited Filleted Accounts Cover |
Company No. SC747641 | |||||||||
New Life Teeth Manchester Limited Directors Report Registrar |
The Directors present their report and the accounts for the period ended 30 April 2023. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the period were as follows: | |||||||||
S.D. Lutton | |||||||||
Y. Lutton | |||||||||
Signed on behalf of the board | |||||||||
S.D. Lutton | |||||||||
Director | |||||||||
21 February 2024 |
New Life Teeth Manchester Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2023 | ||||||||
£ | ||||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ||||||||
Net current liabilities | ( | |||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 7 | ( | ||||||||
Net liabilities | ( | |||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 9 | ( | ||||||||
Total equity | ( | |||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 21 February 2024 | ||||||||||
And signed on its behalf by: | ||||||||||
S.D. Lutton | ||||||||||
Director | ||||||||||
21 February 2024 |
New Life Teeth Manchester Limited Notes to the Accounts Registrar |
for the period ended 30 April 2023 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: SC747641 | ||||||||||||||
Its registered office is: | Its trading address is: | |||||||||||||
Suite 2 Ground Floor | ||||||||||||||
Parkway Business Center | ||||||||||||||
Princess Road | ||||||||||||||
Manchester | ||||||||||||||
M14 7HR | ||||||||||||||
Going concern | ||||||||||||||
2 | Accounting policies | |||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Leased assets | ||||||||||||||
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2023 | ||||||||||||||
Number | ||||||||||||||
The average monthly number of employees (including directors) during the period: | ||||||||||||||
4 | Tangible fixed assets | |||||||||||||
Plant and machinery | Fixtures, fittings and equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost or revaluation | ||||||||||||||
Additions | ||||||||||||||
At 30 April 2023 | ||||||||||||||
Depreciation | ||||||||||||||
Net book values | ||||||||||||||
At 30 April 2023 | ||||||||||||||
5 | Debtors | |||||||||||||
2023 | ||||||||||||||
£ | ||||||||||||||
Deferred tax asset | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
6 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2023 | ||||||||||||||
£ | ||||||||||||||
Obligations under finance lease and hire purchase contracts | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2023 | ||||||||||||||
£ | ||||||||||||||
Obligations under finance lease and hire purchase contracts | ||||||||||||||
Liabilities repayable in more than five years after the balance sheet date | ||||||||||||||
Amount repayable by instalments | 84,566 | |||||||||||||
8 | Share Capital | |||||||||||||
On incorporation the company issued 1 ordinary £1 share at par. | ||||||||||||||
9 | Reserves | |||||||||||||
10 | Guarantees and commitments | |||||||||||||
2023 | ||||||||||||||
£ | ||||||||||||||
Total of guarantees and commitments | ||||||||||||||
11 | Related party disclosures | |||||||||||||
Transactions with related parties | ||||||||||||||
Included in other creditors is £79,407 due to an associated company, Belfast Dental Implant Clinic Ltd. The funds provided are to help support the working capital requirements of the company. | ||||||||||||||
Parent Company | ||||||||||||||
The name of the parent company is: | ||||||||||||||
New Life Teeth Holdings Limited | ||||||||||||||
The parent's registered office address is: | ||||||||||||||
745 Lisburn Road | ||||||||||||||
Belfast | ||||||||||||||
BT9 7GW | ||||||||||||||