2 false false false false false false false false false false true false false false false false false 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 31,617 31,169 xbrli:pure xbrli:shares iso4217:GBP 06542343 2022-04-01 2023-03-31 06542343 2023-03-31 06542343 2022-03-31 06542343 2021-04-01 2022-03-31 06542343 2022-03-31 06542343 2021-03-31 06542343 core:PlantMachinery 2022-04-01 2023-03-31 06542343 core:FurnitureFittings 2022-04-01 2023-03-31 06542343 core:MotorVehicles 2022-04-01 2023-03-31 06542343 bus:RegisteredOffice 2022-04-01 2023-03-31 06542343 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 06542343 bus:Director1 2022-04-01 2023-03-31 06542343 bus:Director2 2022-04-01 2023-03-31 06542343 core:WithinOneYear 2023-03-31 06542343 core:WithinOneYear 2022-03-31 06542343 core:PlantMachinery 2022-03-31 06542343 core:FurnitureFittings 2022-03-31 06542343 core:PlantMachinery 2023-03-31 06542343 core:FurnitureFittings 2023-03-31 06542343 core:MotorVehicles 2023-03-31 06542343 core:RetainedEarningsAccumulatedLosses 2022-03-31 06542343 core:RetainedEarningsAccumulatedLosses 2021-03-31 06542343 core:RetainedEarningsAccumulatedLosses 2023-03-31 06542343 core:RetainedEarningsAccumulatedLosses 2022-03-31 06542343 core:ShareCapital 2023-03-31 06542343 core:ShareCapital 2022-03-31 06542343 core:PlantMachinery 2022-03-31 06542343 core:FurnitureFittings 2022-03-31 06542343 bus:SmallEntities 2022-04-01 2023-03-31 06542343 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06542343 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06542343 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06542343 bus:FullAccounts 2022-04-01 2023-03-31 06542343 core:ComputerEquipment 2022-04-01 2023-03-31 06542343 core:ComputerEquipment 2022-03-31 06542343 core:ComputerEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 06542343
SHENSTONE DENTAL CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
SHENSTONE DENTAL CARE LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
CONTENTS
PAGE
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
The following pages do not form part of the financial statements
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
9
SHENSTONE DENTAL CARE LIMITED
DIRECTORS' REPORT
YEAR ENDED 31 MARCH 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2023 .
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was that of dental practice activities.
DIRECTORS
The directors who served the company during the year were as follows:
Dr A T Nesbitt
Dr P D Carroll
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 2 February 2024 and signed on behalf of the board by:
Dr A T Nesbitt
Dr P D Carroll
Director
Director
Registered office:
27 Main Street
Shenstone
WS14 0LZ
SHENSTONE DENTAL CARE LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED 31 MARCH 2023
2023
2022
Note
£
£
TURNOVER
297,027
271,045
Cost of sales
177,507
157,697
----------
----------
GROSS PROFIT
119,520
113,348
Administrative expenses
78,474
73,320
----------
----------
OPERATING PROFIT
41,046
40,028
Other interest receivable and similar income
4
----------
----------
PROFIT BEFORE TAXATION
5
41,050
40,028
Tax on profit
9,433
8,859
--------
--------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME
31,617
31,169
--------
--------
RETAINED EARNINGS AT THE START OF THE YEAR
94,193
63,024
----------
--------
RETAINED EARNINGS AT THE END OF THE YEAR
125,810
94,193
----------
--------
All the activities of the company are from continuing operations.
SHENSTONE DENTAL CARE LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
6
21,065
30,107
CURRENT ASSETS
Debtors
7
4,980
3,870
Cash at bank and in hand
139,362
67,343
----------
--------
144,342
71,213
CREDITORS: amounts falling due within one year
8
39,595
7,125
----------
--------
NET CURRENT ASSETS
104,747
64,088
----------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
125,812
94,195
----------
--------
NET ASSETS
125,812
94,195
----------
--------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
125,810
94,193
----------
--------
SHAREHOLDERS FUNDS
125,812
94,195
----------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 February 2024 , and are signed on behalf of the board by:
Dr A T Nesbitt
Dr P D Carroll
Director
Director
Company registration number: 06542343
SHENSTONE DENTAL CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Main Street, Shenstone, WS14 0LZ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
(b) Going concern
In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year-end date is recognised by reference to the stage of completion.
(d) Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% reducing balance
Fixtures & Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Computer Equipment
-
25% reducing balance
(g) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(h) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. PROFIT BEFORE TAXATION
Profit before taxation is stated after charging:
2023
2022
£
£
Depreciation of tangible assets
7,021
10,032
-------
--------
6. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2022
100,700
60,837
10,025
171,562
Additions
507
1,440
1,947
Disposals
( 29,927)
( 10,026)
( 39,953)
----------
--------
-------
--------
----------
At 31 March 2023
70,773
61,344
1,440
( 1)
133,556
----------
--------
-------
--------
----------
Depreciation
At 1 April 2022
78,963
52,686
9,806
141,455
Charge for the year
4,497
2,164
360
7,021
Disposals
( 26,176)
( 9,809)
( 35,985)
----------
--------
-------
--------
----------
At 31 March 2023
57,284
54,850
360
( 3)
112,491
----------
--------
-------
--------
----------
Carrying amount
At 31 March 2023
13,489
6,494
1,080
2
21,065
----------
--------
-------
--------
----------
At 31 March 2022
21,737
8,151
219
30,107
----------
--------
-------
--------
----------
7. DEBTORS
2023
2022
£
£
Trade debtors
1,230
120
Other debtors
3,750
3,750
-------
-------
4,980
3,870
-------
-------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
793
793
Corporation tax
9,433
8,859
Social security and other taxes
3,483
2,280
Other creditors - NDP Ltd
52,277
( 9,534)
Other creditors - CDP Ltd
(32,084)
(10,740)
Other creditors
5,693
15,467
--------
--------
39,595
7,125
--------
--------
SHENSTONE DENTAL CARE LIMITED
MANAGEMENT INFORMATION
YEAR ENDED 31 MARCH 2023
The following pages do not form part of the financial statements.
SHENSTONE DENTAL CARE LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHENSTONE DENTAL CARE LIMITED
YEAR ENDED 31 MARCH 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shenstone Dental Care Limited for the year ended 31 March 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Shenstone Dental Care Limited, as a body, in accordance with the terms of our engagement letter dated 13 December 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Shenstone Dental Care Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shenstone Dental Care Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Shenstone Dental Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shenstone Dental Care Limited. You consider that Shenstone Dental Care Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Shenstone Dental Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PFM TOWNENDS LLP Chartered Accountants
Fulford Lodge 1 Heslington Lane Fulford York YO10 4HW
2 February 2024