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REGISTERED NUMBER: 10248860 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 June 2023

for

Delta Dental Academy Ltd

Delta Dental Academy Ltd (Registered number: 10248860)






Contents of the Financial Statements
for the Year Ended 29 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Delta Dental Academy Ltd

Company Information
for the Year Ended 29 June 2023







DIRECTORS: M Giovarruscio
A Rao





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 10248860 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Delta Dental Academy Ltd (Registered number: 10248860)

Balance Sheet
29 June 2023

29.6.23 29.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,281 10,125
Tangible assets 5 251,602 199,957
260,883 210,082

CURRENT ASSETS
Stocks 39,000 10,000
Debtors 6 85,260 52,826
Cash at bank 21,384 30,778
145,644 93,604
CREDITORS
Amounts falling due within one year 7 315,502 278,533
NET CURRENT LIABILITIES (169,858 ) (184,929 )
TOTAL ASSETS LESS CURRENT LIABILITIES 91,025 25,153

CREDITORS
Amounts falling due after more than one
year

8

(9,934

)

(15,108

)

PROVISIONS FOR LIABILITIES (45,080 ) (16,399 )
NET ASSETS/(LIABILITIES) 36,011 (6,354 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,911 (6,454 )
36,011 (6,354 )

Delta Dental Academy Ltd (Registered number: 10248860)

Balance Sheet - continued
29 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

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 Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





A Rao - Director


Delta Dental Academy Ltd (Registered number: 10248860)

Notes to the Financial Statements
for the Year Ended 29 June 2023

1. STATUTORY INFORMATION

Delta Dental Academy Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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

The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Computer software is amortised over its estimated useful life of five years.

Tangible fixed assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold improvements - 5% on cost
Fixtures, fittings & equipment - 20% on cost

Delta Dental Academy Ltd (Registered number: 10248860)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

2. ACCOUNTING POLICIES - continued

Stocks
Dental stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

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.

Going concern
The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future. They have therefore prepared the financial statements on a going concern basis.

Finance income and costs
Interest income and expenses are recognised using the effective interest rate method.

Delta Dental Academy Ltd (Registered number: 10248860)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

2. ACCOUNTING POLICIES - continued

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 30 June 2022
and 29 June 2023 10,125
AMORTISATION
Amortisation for year 844
At 29 June 2023 844
NET BOOK VALUE
At 29 June 2023 9,281
At 29 June 2022 10,125

Delta Dental Academy Ltd (Registered number: 10248860)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

5. TANGIBLE FIXED ASSETS
Short Fixtures,
leasehold fittings
improvements & equipment Totals
£    £    £   
COST
At 30 June 2022 103,534 164,129 267,663
Additions - 98,403 98,403
At 29 June 2023 103,534 262,532 366,066
DEPRECIATION
At 30 June 2022 10,354 57,352 67,706
Charge for year 5,177 41,581 46,758
At 29 June 2023 15,531 98,933 114,464
NET BOOK VALUE
At 29 June 2023 88,003 163,599 251,602
At 29 June 2022 93,180 106,777 199,957

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Trade debtors 79,311 43,197
Other debtors 5,949 9,629
85,260 52,826

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Bank loans and overdrafts 5,233 5,259
Taxation and social security 21,557 13,381
Other creditors 288,712 259,893
315,502 278,533

Delta Dental Academy Ltd (Registered number: 10248860)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.6.23 29.6.22
£    £   
Bank loans 9,934 15,108

Included in bank loans in notes 7 and 8 is a combined balance of £15,167 (2022 - £20,367) which is guaranteed by the government and unsecured.

9. PENSION COMMITMENTS

The entity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £191 (2022 - £50) were payable to the fund at the reporting date.

10. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management

Other related
parties


Total
2023 £ £ £
At start of period 962 230,560 231,522
Advanced 1,085 60,973 62,058
Repaid (1,058 (37,081 ) (38,139 )
At end of period 989 254,452 255,441


Key
management

Other related
parties


Total
2022 £ £ £
At start of period 23 225,562 225,585
Advanced 1,074 4,998 6,072
Repaid (135 - (135 )
At end of period 962 230,560 231,522

Loans from key management are interest free and repayable on demand.
Loans from other related parties are interest free and repayable on demand.

Delta Dental Academy Ltd (Registered number: 10248860)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

10. RELATED PARTY DISCLOSURES - continued

Loans to related parties



Other related
parties


Total
2023 £ £
At start of period 1,670 1,670
Advanced (1,670 ) (1,670 )
Repaid 1,263 1,263
At end of period 1,263 1,263


Other related
parties


Total
2022 £ £
At start of period 1,475 1,475
Advanced (1,475 ) (1,475 )
Repaid 1,670 1,670
At end of period 1,670 1,670

Loans to other related parties are interest free and repayable on demand.