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REGISTERED NUMBER: 10404791 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

LETCHWORTH DENTAL SURGERY LIMITED

LETCHWORTH DENTAL SURGERY LIMITED (REGISTERED NUMBER: 10404791)






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




Page

Abridged Statement of Financial Position 1

Notes to the Financial Statements 3


LETCHWORTH DENTAL SURGERY LIMITED (REGISTERED NUMBER: 10404791)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 351,753 439,653
Tangible assets 5 2 1
351,755 439,654

CURRENT ASSETS
Debtors 524,658 330,000
Cash at bank and in hand 38,168 19,762
562,826 349,762
CREDITORS
Amounts falling due within one year 248,508 108,558
NET CURRENT ASSETS 314,318 241,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

666,073

680,858

CREDITORS
Amounts falling due after more than one
year

6

582,227

633,931
NET ASSETS 83,846 46,927

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 83,845 46,926
SHAREHOLDERS' FUNDS 83,846 46,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

LETCHWORTH DENTAL SURGERY LIMITED (REGISTERED NUMBER: 10404791)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2023 and were signed on its behalf by:





D Shah - Director


LETCHWORTH DENTAL SURGERY LIMITED (REGISTERED NUMBER: 10404791)

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

1. STATUTORY INFORMATION

Letchworth Dental Surgery Limited 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: 10404791

Registered office: 44 High Street
Ashwell
Hertfordshire
SG7 5NR

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 Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents NHS and private dental income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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 etc - 25% on cost

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 statement of financial position date.


LETCHWORTH DENTAL SURGERY LIMITED (REGISTERED NUMBER: 10404791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022
and 31st March 2023 879,153
AMORTISATION
At 1st April 2022 439,500
Amortisation for year 87,900
At 31st March 2023 527,400
NET BOOK VALUE

At 31st March 2023 351,753
At 31st March 2022 439,653

LETCHWORTH DENTAL SURGERY LIMITED (REGISTERED NUMBER: 10404791)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022 133,352
Additions 3,284
At 31st March 2023 136,636
DEPRECIATION
At 1st April 2022 133,351
Charge for year 3,283
At 31st March 2023 136,634
NET BOOK VALUE
At 31st March 2023 2
At 31st March 2022 1

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 334,953 381,692

7. CALLED UP SHARE CAPITAL

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr D Shah and Dr B Shah.

Dental Surgery Group Limited is regarded by the directors as being the company's ultimate parent company.