Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseDental care5961falsetrue 06043235 2022-04-01 2023-03-31 06043235 2021-04-01 2022-03-31 06043235 2023-03-31 06043235 2022-03-31 06043235 c:Director2 2022-04-01 2023-03-31 06043235 d:MotorVehicles 2022-04-01 2023-03-31 06043235 d:MotorVehicles 2023-03-31 06043235 d:MotorVehicles 2022-03-31 06043235 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06043235 d:FurnitureFittings 2022-04-01 2023-03-31 06043235 d:FurnitureFittings 2023-03-31 06043235 d:FurnitureFittings 2022-03-31 06043235 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06043235 d:OfficeEquipment 2022-04-01 2023-03-31 06043235 d:OfficeEquipment 2023-03-31 06043235 d:OfficeEquipment 2022-03-31 06043235 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06043235 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06043235 d:Goodwill 2022-04-01 2023-03-31 06043235 d:Goodwill 2023-03-31 06043235 d:Goodwill 2022-03-31 06043235 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06043235 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06043235 d:ShareCapital 2023-03-31 06043235 d:ShareCapital 2022-03-31 06043235 d:RetainedEarningsAccumulatedLosses 2023-03-31 06043235 d:RetainedEarningsAccumulatedLosses 2022-03-31 06043235 c:FRS102 2022-04-01 2023-03-31 06043235 c:Audited 2022-04-01 2023-03-31 06043235 c:FullAccounts 2022-04-01 2023-03-31 06043235 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06043235 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06043235 6 2022-04-01 2023-03-31 06043235 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 06043235













 
ISHAK PRACTICES LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023




































Page Kirk LLP
Chartered Accountants and Statutory Auditors
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB


 
ISHAK PRACTICES LIMITED
REGISTERED NUMBER:06043235


BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
177,565
281,449

Tangible assets
 5 
470,606
339,317

Investments
 6 
866,999
866,999

  
1,515,170
1,487,765

Current assets
  

Stocks
  
17,510
17,864

Debtors
  
799,570
1,152,381

Cash at bank and in hand
  
2,643,124
2,849,272

  
3,460,204
4,019,517

Creditors: amounts falling due within one year
  
(3,495,957)
(2,990,845)

Net current (liabilities)/assets
  
 
 
(35,753)
 
 
1,028,672

Total assets less current liabilities
  
1,479,417
2,516,437

Provisions for liabilities
  

Deferred tax
  
(83,372)
(58,041)

  
 
 
(83,372)
 
 
(58,041)

Net assets
  
1,396,045
2,458,396


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,395,945
2,458,296

  
1,396,045
2,458,396


Page 1


 
ISHAK PRACTICES LIMITED
REGISTERED NUMBER:06043235

    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 on 28 March 2024




Mr Z M Majid
Company secretary and director

The notes on pages 3 to 10 form part of these financial statements.

Page 2


 
ISHAK PRACTICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Sherwood House
7 Gregory Boulevard
Nottingham
Nottinghamshire
NG7 6LB
These financial statements were authorised for issue by the Board on 28 March 2024. 

2.Accounting policies

  
2.1

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

 
2.2

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are
Page 3


 
ISHAK PRACTICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Revenue (continued)

provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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 balance sheet 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 balance sheet 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 balance sheet date.

Page 4


 
ISHAK PRACTICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life of 10 years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class                                                                                        Amortisation method and rate
Goodwill                                                                                             straight line over 10 years

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Plant and equipment
-
25%
reducing balance

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.

Page 5


 
ISHAK PRACTICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.8

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 
2.9

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 6


 
ISHAK PRACTICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.14

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Staff numbers

The average monthly number of employees, including the Directors, during the year was as follows:


        2023
        2022
            No.
            No.







Staff number
59
61

Page 7


 
ISHAK PRACTICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
2,718,092



At 31 March 2023

2,718,092



Amortisation


At 1 April 2022
2,436,643


Charge for the year
103,884



At 31 March 2023

2,540,527



Net book value



At 31 March 2023
177,565



At 31 March 2022
281,449



Page 8


 
ISHAK PRACTICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Plant and equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
38,295
1,140,504
839,051
2,017,850


Additions
-
265,095
7,094
272,189



At 31 March 2023

38,295
1,405,599
846,145
2,290,039



Depreciation


At 1 April 2022
9,574
873,385
795,574
1,678,533


Charge for the year
5,385
124,917
10,598
140,900



At 31 March 2023

14,959
998,302
806,172
1,819,433



Net book value



At 31 March 2023
23,336
407,297
39,973
470,606



At 31 March 2022
28,721
267,119
43,477
339,317


6.


Investments





Investments in subsidiaries

£



Cost or valuation


At 1 April 2022
866,999



At 31 March 2023
866,999



Net book value



At 31 March 2023
866,999



At 31 March 2022
866,999

Page 9


 
ISHAK PRACTICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 28 March 2024 by John Wallis FCA (Senior Statutory Auditor) on behalf of Page Kirk.

 
Page 10