BrightAccountsProduction v1.0.0 v1.0.0 2022-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the business is the provision of dental implant solutions and other dental services. 21 February 2024 6 5 NI671789 2023-04-30 NI671789 2022-04-30 NI671789 2021-04-30 NI671789 2022-05-01 2023-04-30 NI671789 2021-05-01 2022-04-30 NI671789 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 NI671789 uk-curr:PoundSterling 2022-05-01 2023-04-30 NI671789 uk-bus:AbridgedAccounts 2022-05-01 2023-04-30 NI671789 uk-core:ShareCapital 2023-04-30 NI671789 uk-core:ShareCapital 2022-04-30 NI671789 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI671789 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 NI671789 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI671789 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-04-30 NI671789 uk-bus:FRS102 2022-05-01 2023-04-30 NI671789 uk-core:LandBuildings 2022-05-01 2023-04-30 NI671789 uk-core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 NI671789 2022-05-01 2023-04-30 NI671789 uk-bus:Director1 2022-05-01 2023-04-30 NI671789 uk-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Newlife Teeth Dublin Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 April 2023



Newlife Teeth Dublin Ltd
Company Registration Number: NI671789
ABRIDGED BALANCE SHEET
as at 30 April 2023

2023 2022
Notes £ £
 
Fixed Assets
 
Tangible assets 5 785,178 851,606
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Current Assets
 
Stocks 20,000 -
 
Debtors 1,566 100
 
Cash at bank and in hand 102,431 234,875
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123,997 234,975
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Creditors: amounts falling due within one year (566,785) (1,102,014)
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Net Current Liabilities (442,788) (867,039)
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Total Assets less Current Liabilities 342,390 (15,433)
 
 
Provisions for liabilities (1,098) -
───────── ─────────
Net Assets/(Liabilities) 341,292 (15,433)
═════════ ═════════
 
 
Capital and Reserves
 
Called up share capital 100 100
 
Retained earnings 341,192 (15,533)
───────── ─────────
Shareholders' Funds/(Deficit) 341,292 (15,433)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 21 February 2024
           
           
           
________________________________          
Stuart Douglas Lutton          
Director          
           



Newlife Teeth Dublin Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 April 2023

   
1. General Information
 
Newlife Teeth Dublin Ltd is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI671789. The registered office of the company is 743-745 Lisburn Road, Belfast, Co. Antrim, BT9 7GW, Northern Ireland The principal place of business is Unit 13, Block 2, Northwood Court, Santry, Dublin, Republic of Ireland.

The financial statements have been presented in Pound (£) which is also the functional currency of the company.

These financial statements cover the individual entity, Newlife Teeth Dublin Ltd for the year ended 30 April 2023.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 April 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax. Turnover in respect of contracts for on-going services is recognised by reference to the stage of completion.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - Not depreciated
  Fixtures, fittings and equipment - 10% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Adoption of FRS 102 Section 1A
 
This is the first set of financial statements prepared by Newlife Teeth Dublin Ltd in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 May 2021.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was as follows:
 
  2023 2022
  Number Number
 
Employees 6 5
  ═════════ ═════════
         
5. Tangible assets
  Land and Fixtures, Total
  buildings fittings and  
  freehold equipment  
  £ £ £
Cost
At 1 May 2022 413,356 469,581 882,937
Additions - 6,530 6,530
Disposals - (31,113) (31,113)
  ───────── ───────── ─────────
At 30 April 2023 413,356 444,998 858,354
  ───────── ───────── ─────────
Depreciation
At 1 May 2022 - 31,331 31,331
Charge for the financial year - 44,406 44,406
On disposals - (2,561) (2,561)
  ───────── ───────── ─────────
At 30 April 2023 - 73,176 73,176
  ───────── ───────── ─────────
Net book value
At 30 April 2023 413,356 371,822 785,178
  ═════════ ═════════ ═════════
At 30 April 2022 413,356 438,250 851,606
  ═════════ ═════════ ═════════
       
6. Financial commitments and guarantees
 
A deed of mortgage and a debenture containing a fixed and floating charge exists on behalf of borrowings of a related party company. These also include a negative pledge.