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REGISTERED NUMBER: 06703222 (England and Wales)
























Financial Statements

for the Period 1 January 2023 to 31 March 2023

for

Absolute Dental Centre Limited

Absolute Dental Centre Limited (Registered number: 06703222)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Absolute Dental Centre Limited

Company Information
for the Period 1 January 2023 to 31 March 2023







Directors: Dr J M E Thomas
Dr D H Prowse-Jones





Secretary:





Registered office: 9 Court Road
Bridgend
CF31 1BE





Registered number: 06703222 (England and Wales)





Accountants: Roger Thomas Limited
9 Court Road
Bridgend
South Wales
CF31 1BE

Absolute Dental Centre Limited (Registered number: 06703222)

Balance Sheet
31 March 2023

31.3.23 31.12.22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 118,221 123,362
Tangible assets 5 76,573 32,342
194,794 155,704

Current assets
Stocks 1,750 1,750
Debtors 6 38,359 912
Cash at bank and in hand 87,357 124,304
127,466 126,966
Creditors
Amounts falling due within one year 7 65,696 118,376
Net current assets 61,770 8,590
Total assets less current liabilities 256,564 164,294

Creditors
Amounts falling due after more than one
year

8

43,156

773
Net assets 213,408 163,521

Capital and reserves
Called up share capital 200 200
Retained earnings 213,208 163,321
Shareholders' funds 213,408 163,521

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

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

The directors acknowledge their 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.

Absolute Dental Centre Limited (Registered number: 06703222)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:





Dr J M E Thomas - Director


Absolute Dental Centre Limited (Registered number: 06703222)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2023

1. Statutory information

Absolute Dental Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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.

Absolute Dental Centre Limited (Registered number: 06703222)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the period was 9 (2022 - 7 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 March 2023 417,000
Amortisation
At 1 January 2023 293,638
Charge for period 5,141
At 31 March 2023 298,779
Net book value
At 31 March 2023 118,221
At 31 December 2022 123,362

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 January 2023 70,715 57,985 4,950 133,650
Additions 47,936 936 - 48,872
At 31 March 2023 118,651 58,921 4,950 182,522
Depreciation
At 1 January 2023 43,323 57,985 - 101,308
Charge for period 4,336 - 305 4,641
At 31 March 2023 47,659 57,985 305 105,949
Net book value
At 31 March 2023 70,992 936 4,645 76,573
At 31 December 2022 27,392 - 4,950 32,342

Absolute Dental Centre Limited (Registered number: 06703222)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2023

6. Debtors: amounts falling due within one year
31.3.23 31.12.22
£    £   
Trade debtors 38,359 -
Other debtors - 912
38,359 912

7. Creditors: amounts falling due within one year
31.3.23 31.12.22
£    £   
Trade creditors 17,041 -
Taxation and social security 32,259 27,830
Other creditors 16,396 90,546
65,696 118,376

8. Creditors: amounts falling due after more than one year
31.3.23 31.12.22
£    £   
Hire purchase contracts 43,156 773