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COMPANY REGISTRATION NUMBER: 12000886
Wildent Ltd
Filleted Unaudited Financial Statements
30 November 2023
Wildent Ltd
Statement of Financial Position
30 November 2023
30 Nov 23
31 May 22
Note
£
£
Fixed assets
Tangible assets
5
1,592
2,762
Current assets
Debtors
6
11,324
8,928
Cash at bank and in hand
42,177
28,300
--------
--------
53,501
37,228
Creditors: amounts falling due within one year
7
51,117
39,622
--------
--------
Net current assets/(liabilities)
2,384
( 2,394)
-------
-------
Total assets less current liabilities
3,976
368
-------
----
Net assets
3,976
368
-------
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
3,975
367
-------
----
Shareholders funds
3,976
368
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the Period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Wildent Ltd
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 8 January 2024 , and are signed on behalf of the board by:
Mr C J Wildin LDS, RCS (ENG)
Director
Company registration number: 12000886
Wildent Ltd
Notes to the Financial Statements
Period from 1 June 2022 to 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents fees receivable for dental and ancillary services, excluding value added tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the Period amounted to 3 (2022: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 June 2022 and 30 November 2023
3,900
-------
Depreciation
At 1 June 2022
1,138
Charge for the period
1,170
-------
At 30 November 2023
2,308
-------
Carrying amount
At 30 November 2023
1,592
-------
At 31 May 2022
2,762
-------
6. Debtors
30 Nov 23
31 May 22
£
£
Trade debtors
10,976
8,581
Other debtors
348
347
--------
-------
11,324
8,928
--------
-------
7. Creditors: amounts falling due within one year
30 Nov 23
31 May 22
£
£
Trade creditors
1,076
49
Corporation tax
20,593
8,786
Other creditors
29,448
30,787
--------
--------
51,117
39,622
--------
--------
8. Directors' advances, credits and guarantees
Included in Other creditors are amounts owed to the Directors of £25,368 (2022: £27,899). The loan is interest free and repayable on demand.