Registered number
10473265
Orion Dental Ltd
Filleted Accounts
30 November 2023
Orion Dental Ltd
Registered number: 10473265
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 586,250 586,250
Tangible assets 4 13,397 2
599,647 586,252
Current assets
Debtors 5 404,060 434,282
Cash at bank and in hand 8,407 6,548
412,467 440,830
Creditors: amounts falling due within one year 6 (195,948) (368,017)
#NAME? 216,519 72,813
Total assets less current liabilities 816,166 659,065
Creditors: amounts falling due after more than one year 7 (819,397) (682,453)
#NAME? (3,231) (23,388)
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,331) (23,488)
Shareholders' funds (3,231) (23,388)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Khan
Director
Approved by the board on 11 March 2024
Orion Dental Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 1,050,000
At 30 November 2023 1,050,000
Amortisation
At 1 December 2022 463,750
At 30 November 2023 463,750
Net book value
At 30 November 2023 586,250
At 30 November 2022 586,250
Goodwill is not being written off going forward.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 4,419
Additions 16,743
At 30 November 2023 21,162
Depreciation
At 1 December 2022 4,417
Charge for the year 3,348
At 30 November 2023 7,765
Net book value
At 30 November 2023 13,397
At 30 November 2022 2
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 395,060 425,282
Other debtors 9,000 9,000
404,060 434,282
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 101,586 192,526
Taxation and social security costs 68,497 50,243
Other creditors 25,865 125,248
195,948 368,017
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 785,407 643,617
Bounce Back Loan 33,990 38,836
819,397 682,453
8 Other information
Orion Dental Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Spirit House
8 High Street
West Molesey
Surrey
KT8 2NA
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