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Registered number: 08486799
Carillon Dental Care Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08486799
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 797,500 870,000
Tangible Assets 5 54,972 91,581
852,472 961,581
CURRENT ASSETS
Stocks 10,450 10,125
Debtors 6 16,380 9,885
Cash at bank and in hand 78,573 45,588
105,403 65,598
Creditors: Amounts Falling Due Within One Year 7 (572,454 ) (602,743 )
NET CURRENT ASSETS (LIABILITIES) (467,051 ) (537,145 )
TOTAL ASSETS LESS CURRENT LIABILITIES 385,421 424,436
Creditors: Amounts Falling Due After More Than One Year 8 (19,218 ) (36,869 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,869 ) (8,619 )
NET ASSETS 364,334 378,948
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 364,234 378,848
SHAREHOLDERS' FUNDS 364,334 378,948
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For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Mohamed Kaderbhai
Director
27/03/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Carillon Dental Care Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08486799 . The registered office is 21 High View Close, Hamilton, Leicester, LE4 9LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 5 years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9. 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.
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2.10. 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.
2.11. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 15)
14 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 1,450,000
As at 31 July 2023 1,450,000
Amortisation
As at 1 August 2022 580,000
Provided during the period 72,500
As at 31 July 2023 652,500
Net Book Value
As at 31 July 2023 797,500
As at 1 August 2022 870,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 August 2022 40,202 314,647 354,849
Additions - 1,479 1,479
As at 31 July 2023 40,202 316,126 356,328
...CONTINUED
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Depreciation
As at 1 August 2022 - 263,268 263,268
Provided during the period - 38,088 38,088
As at 31 July 2023 - 301,356 301,356
Net Book Value
As at 31 July 2023 40,202 14,770 54,972
As at 1 August 2022 40,202 51,379 91,581
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 16,380 9,885
16,380 9,885
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,053 24,114
Trade creditors 44,031 41,040
Bank loans and overdrafts 10,648 10,648
Other creditors 474,305 468,381
Taxation and social security 34,417 58,560
572,454 602,743
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 9,053
Bank loans 19,218 27,816
19,218 36,869
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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10. Related Party Transactions
Directors Loan Account
Directors Loan Account - these loans are free of interest and repayable on demand. The amount is included within other creditors.
Amount due to the related party: 2023: £474,304 (2022: £466,299)
11. Ultimate Controlling Party
The directors are the ultimate controlling parties by virtue of their joint beneficial ownership of 100% of the issued ordinary share capital of the company. 
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