9 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 252,466 241,966 1,500 243,466 9,000 10,500 xbrli:pure xbrli:shares iso4217:GBP SC339135 2022-04-01 2023-03-31 SC339135 2023-03-31 SC339135 2022-03-31 SC339135 2021-04-01 2022-03-31 SC339135 2022-03-31 SC339135 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC339135 core:PlantMachinery 2022-04-01 2023-03-31 SC339135 core:FurnitureFittings 2022-04-01 2023-03-31 SC339135 bus:Director1 2022-04-01 2023-03-31 SC339135 core:NetGoodwill 2022-03-31 SC339135 core:NetGoodwill 2023-03-31 SC339135 core:LandBuildings 2022-03-31 SC339135 core:PlantMachinery 2022-03-31 SC339135 core:FurnitureFittings 2022-03-31 SC339135 core:LandBuildings 2023-03-31 SC339135 core:PlantMachinery 2023-03-31 SC339135 core:FurnitureFittings 2023-03-31 SC339135 core:LandBuildings 2022-04-01 2023-03-31 SC339135 core:WithinOneYear 2023-03-31 SC339135 core:WithinOneYear 2022-03-31 SC339135 core:ShareCapital 2023-03-31 SC339135 core:ShareCapital 2022-03-31 SC339135 core:RevaluationReserve 2023-03-31 SC339135 core:RevaluationReserve 2022-03-31 SC339135 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC339135 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC339135 core:NetGoodwill 2022-04-01 2023-03-31 SC339135 core:NetGoodwill 2022-03-31 SC339135 core:LandBuildings 2022-03-31 SC339135 core:PlantMachinery 2022-03-31 SC339135 core:FurnitureFittings 2022-03-31 SC339135 bus:SmallEntities 2022-04-01 2023-03-31 SC339135 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC339135 bus:FullAccounts 2022-04-01 2023-03-31 SC339135 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC339135 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: SC339135
Appletree Dental Care Ltd
Filleted Unaudited Financial Statements
31 March 2023
Appletree Dental Care Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
9,000
10,500
Tangible assets
6
470,818
483,863
---------
---------
479,818
494,363
Current assets
Stocks
25,900
26,400
Debtors
7
585,633
572,764
Cash at bank and in hand
46,109
44,009
---------
---------
657,642
643,173
Creditors: amounts falling due within one year
8
240,069
167,854
---------
---------
Net current assets
417,573
475,319
---------
---------
Total assets less current liabilities
897,391
969,682
Provisions
Taxation including deferred tax
36,129
37,530
---------
---------
Net assets
861,262
932,152
---------
---------
Capital and reserves
Called up share capital
120
120
Revaluation reserve
113,398
115,712
Profit and loss account
747,744
816,320
---------
---------
Shareholders funds
861,262
932,152
---------
---------
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 comprehensive income has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Appletree Dental Care Ltd
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 21 February 2024 , and are signed on behalf of the board by:
Mr B Murphy
Director
Company registration number: SC339135
Appletree Dental Care Ltd
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 3 Crow Road, Glasgow, G11 7RT.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the statement of income and retained earnings represents amounts invoiced during the year.
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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
over 10 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Freehold property
-
2% straight line
Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
252,466
---------
Amortisation
At 1 April 2022
241,966
Charge for the year
1,500
---------
At 31 March 2023
243,466
---------
Carrying amount
At 31 March 2023
9,000
---------
At 31 March 2022
10,500
---------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 April 2022
440,000
45,846
106,401
592,247
Additions
4,239
4,239
---------
--------
---------
---------
At 31 March 2023
440,000
50,085
106,401
596,486
---------
--------
---------
---------
Depreciation
At 1 April 2022
24,731
83,653
108,384
Charge for the year
8,800
5,071
3,413
17,284
---------
--------
---------
---------
At 31 March 2023
8,800
29,802
87,066
125,668
---------
--------
---------
---------
Carrying amount
At 31 March 2023
431,200
20,283
19,335
470,818
---------
--------
---------
---------
At 31 March 2022
440,000
21,115
22,748
483,863
---------
--------
---------
---------
7. Debtors
2023
2022
£
£
Trade debtors
35,473
47,526
Other debtors
550,160
525,238
---------
---------
585,633
572,764
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
64,676
46,593
Corporation tax
9,215
Social security and other taxes
1,361
2,170
Other creditors - desc in a/cs
169,772
102,873
Other creditors
4,260
7,003
---------
---------
240,069
167,854
---------
---------