IRIS Accounts Production v24.1.0.578 07000310 director 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070003102022-12-31070003102023-12-31070003102023-01-012023-12-31070003102021-12-31070003102022-01-012022-12-31070003102022-12-3107000310ns15:EnglandWales2023-01-012023-12-3107000310ns14:PoundSterling2023-01-012023-12-3107000310ns10:Director12023-01-012023-12-3107000310ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107000310ns10:SmallEntities2023-01-012023-12-3107000310ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107000310ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107000310ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107000310ns10:FullAccounts2023-01-012023-12-310700031012023-01-012023-12-3107000310ns10:OrdinaryShareClass12023-01-012023-12-3107000310ns5:CurrentFinancialInstruments2023-12-3107000310ns5:CurrentFinancialInstruments2022-12-3107000310ns5:Non-currentFinancialInstruments2023-12-3107000310ns5:Non-currentFinancialInstruments2022-12-3107000310ns5:ShareCapital2023-12-3107000310ns5:ShareCapital2022-12-3107000310ns5:RetainedEarningsAccumulatedLosses2023-12-3107000310ns5:RetainedEarningsAccumulatedLosses2022-12-3107000310ns10:RegisteredOffice2023-01-012023-12-3107000310ns5:NetGoodwill2023-01-012023-12-3107000310ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107000310ns5:NetGoodwill2022-12-3107000310ns5:NetGoodwill2023-12-3107000310ns5:NetGoodwill2022-12-3107000310ns5:PlantMachinery2022-12-3107000310ns5:PlantMachinery2023-01-012023-12-3107000310ns5:PlantMachinery2023-12-3107000310ns5:PlantMachinery2022-12-3107000310ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07000310 (England and Wales)










OTLEY ROAD DENTAL PRACTICE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






OTLEY ROAD DENTAL PRACTICE LTD (REGISTERED NUMBER: 07000310)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


OTLEY ROAD DENTAL PRACTICE LTD (REGISTERED NUMBER: 07000310)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,000 98,000
Tangible assets 5 9,766 12,590
93,766 110,590

CURRENT ASSETS
Stocks 1,000 1,000
Cash at bank 32,101 20,603
33,101 21,603
CREDITORS
Amounts falling due within one year 6 59,263 34,453
NET CURRENT LIABILITIES (26,162 ) (12,850 )
TOTAL ASSETS LESS CURRENT LIABILITIES 67,604 97,740

CREDITORS
Amounts falling due after more than one year 7 14,302 24,769
NET ASSETS 53,302 72,971

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 53,301 72,970
SHAREHOLDERS' FUNDS 53,302 72,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd April 2024 and were signed by:



A D J Ruffell - Director


OTLEY ROAD DENTAL PRACTICE LTD (REGISTERED NUMBER: 07000310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Otley Road Dental Practice Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07000310

Registered office: 46 Otley Road
Harrogate
HG2 0DP

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 20 years. Provision is made for any impairment.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Fixtures and Fittings - 25% Reducing Balance

Stocks
Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


OTLEY ROAD DENTAL PRACTICE LTD (REGISTERED NUMBER: 07000310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 280,000
AMORTISATION
At 1st January 2023 182,000
Charge for year 14,000
At 31st December 2023 196,000
NET BOOK VALUE
At 31st December 2023 84,000
At 31st December 2022 98,000

OTLEY ROAD DENTAL PRACTICE LTD (REGISTERED NUMBER: 07000310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 38,009
Additions 338
At 31st December 2023 38,347
DEPRECIATION
At 1st January 2023 25,419
Charge for year 3,162
At 31st December 2023 28,581
NET BOOK VALUE
At 31st December 2023 9,766
At 31st December 2022 12,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,073
Trade creditors 2,383 2,254
Taxation and social security 42,149 19,134
Other creditors 4,083 2,992
59,263 34,453

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,302 24,769

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 0.01 1 1