Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseThe principal activity of the company continued to be that of prosthodontics and general dentistry.66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08096045 2022-07-01 2023-06-30 08096045 2021-07-01 2022-06-30 08096045 2023-06-30 08096045 2022-06-30 08096045 c:Director1 2022-07-01 2023-06-30 08096045 c:Director2 2022-07-01 2023-06-30 08096045 c:Director2 2023-06-30 08096045 c:RegisteredOffice 2022-07-01 2023-06-30 08096045 d:Buildings d:LongLeaseholdAssets 2022-07-01 2023-06-30 08096045 d:Buildings d:LongLeaseholdAssets 2023-06-30 08096045 d:Buildings d:LongLeaseholdAssets 2022-06-30 08096045 d:PlantMachinery 2022-07-01 2023-06-30 08096045 d:PlantMachinery 2023-06-30 08096045 d:PlantMachinery 2022-06-30 08096045 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08096045 d:FurnitureFittings 2022-07-01 2023-06-30 08096045 d:FurnitureFittings 2023-06-30 08096045 d:FurnitureFittings 2022-06-30 08096045 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08096045 d:ComputerEquipment 2022-07-01 2023-06-30 08096045 d:ComputerEquipment 2023-06-30 08096045 d:ComputerEquipment 2022-06-30 08096045 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08096045 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08096045 d:Goodwill 2022-07-01 2023-06-30 08096045 d:Goodwill 2023-06-30 08096045 d:Goodwill 2022-06-30 08096045 d:CurrentFinancialInstruments 2023-06-30 08096045 d:CurrentFinancialInstruments 2022-06-30 08096045 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08096045 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08096045 d:ShareCapital 2023-06-30 08096045 d:ShareCapital 2022-06-30 08096045 d:RetainedEarningsAccumulatedLosses 2023-06-30 08096045 d:RetainedEarningsAccumulatedLosses 2022-06-30 08096045 c:FRS102 2022-07-01 2023-06-30 08096045 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08096045 c:FullAccounts 2022-07-01 2023-06-30 08096045 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08096045 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 08096045














LONDON CENTRE FOR PROSTHODONTICS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2023

 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
 
 
COMPANY INFORMATION


Directors
K Shah 
L J Searson (resigned 24 July 2023)




Registered number
08096045



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

United Kingdom

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
REGISTERED NUMBER:08096045

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
37,834
36,535

  
37,834
36,535

Current assets
  

Stocks
  
3,000
3,000

Debtors: amounts falling due within one year
 6 
160,021
92,918

Cash at bank and in hand
  
779,974
771,603

Current liabilities
  
942,995
867,521

Creditors: amounts falling due within one year
 7 
(240,516)
(262,890)

Net current assets
  
 
 
702,479
 
 
604,631

Total assets less current liabilities
  
740,313
641,166

Provisions for liabilities
  

Deferred tax
  
(7,936)
(6,632)

  
 
 
(7,936)
 
 
(6,632)

Net assets
  
732,377
634,534


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
732,277
634,434

  
732,377
634,534


Page 1

 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
REGISTERED NUMBER:08096045
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K Shah
Director

Date: 4 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

London Centre For Prosthodontics Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.
The principal activity of the company continued to be that of prosthodontics and general dentistry.
The financial statements are prepared in Sterling, which is the functional currency of the company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents net invoiced sales of goods and services excluding value added tax. Income is recognised at the point the good and service are provided.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Intangible assets

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been fully amortised over its estimated useful life of ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold improvements
-
20%
on cost
Plant and equipment
-
20%
on cost
Fixtures and fittings
-
25%
on reducing balance
Computer equipment
-
20%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 5

 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Intangible assets




Goodwill

£





At 1 July 2022
1,020,000


Disposals
(1,020,000)



At 30 June 2023

-





At 1 July 2022
1,020,000


On disposals
(1,020,000)



At 30 June 2023

-



Net book value



At 30 June 2023
-



At 30 June 2022
-



Page 6

 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Leasehold improvements
Plant and equipment
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2022
78,029
14,346
138,178
63,607
294,160


Additions
-
10,116
-
4,275
14,391



At 30 June 2023

78,029
24,462
138,178
67,882
308,551



Depreciation


At 1 July 2022
78,029
8,607
124,233
46,756
257,625


Charge for the year on owned assets
-
3,038
3,486
6,568
13,092



At 30 June 2023

78,029
11,645
127,719
53,324
270,717



Net book value



At 30 June 2023
-
12,817
10,459
14,558
37,834



At 30 June 2022
-
5,739
13,945
16,851
36,535

Page 7

 
LONDON CENTRE FOR PROSTHODONTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
78,786
76,651

Other debtors
65,350
-

Prepayments and accrued income
15,885
16,267

160,021
92,918



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
64,299
80,879

Corporation tax
132,949
161,498

Other taxation and social security
3,863
-

Other creditors
23,604
5,762

Accruals and deferred income
15,801
14,751

240,516
262,890



8.


Related party transactions

Included within other debtors are amounts totalling £62,812 owed by the directors.  These amounts are interest free and repayable on demand.

 
Page 8