Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-0115No description of principal activityfalse15truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06933411 2022-04-01 2023-03-31 06933411 2021-04-01 2022-03-31 06933411 2023-03-31 06933411 2022-03-31 06933411 c:Director1 2022-04-01 2023-03-31 06933411 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 06933411 d:Buildings d:ShortLeaseholdAssets 2023-03-31 06933411 d:Buildings d:ShortLeaseholdAssets 2022-03-31 06933411 d:PlantMachinery 2022-04-01 2023-03-31 06933411 d:PlantMachinery 2023-03-31 06933411 d:PlantMachinery 2022-03-31 06933411 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06933411 d:FurnitureFittings 2022-04-01 2023-03-31 06933411 d:FurnitureFittings 2023-03-31 06933411 d:FurnitureFittings 2022-03-31 06933411 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06933411 d:ComputerEquipment 2022-04-01 2023-03-31 06933411 d:ComputerEquipment 2023-03-31 06933411 d:ComputerEquipment 2022-03-31 06933411 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06933411 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06933411 d:CurrentFinancialInstruments 2023-03-31 06933411 d:CurrentFinancialInstruments 2022-03-31 06933411 d:Non-currentFinancialInstruments 2023-03-31 06933411 d:Non-currentFinancialInstruments 2022-03-31 06933411 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06933411 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06933411 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06933411 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06933411 d:ShareCapital 2023-03-31 06933411 d:ShareCapital 2022-03-31 06933411 d:RetainedEarningsAccumulatedLosses 2023-03-31 06933411 d:RetainedEarningsAccumulatedLosses 2022-03-31 06933411 c:FRS102 2022-04-01 2023-03-31 06933411 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06933411 c:FullAccounts 2022-04-01 2023-03-31 06933411 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06933411 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 06933411 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 06933411 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 06933411 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 06933411 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 06933411









VILLAGE DENTAL PRACTICE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
VILLAGE DENTAL PRACTICE LIMITED
REGISTERED NUMBER: 06933411

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
171,895
39,516

  
171,895
39,516

Current assets
  

Stocks
  
2,800
3,500

Debtors: amounts falling due within one year
 5 
325,129
231,204

Cash at bank and in hand
 6 
70,465
60,474

  
398,394
295,178

Creditors: amounts falling due within one year
 7 
(392,324)
(165,827)

Net current assets
  
 
 
6,070
 
 
129,351

Total assets less current liabilities
  
177,965
168,867

Creditors: amounts falling due after more than one year
 8 
(9,090)
-

  

Net assets
  
168,875
168,867


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
168,775
168,767

Total equity
  
168,875
168,867


Page 1

 
VILLAGE DENTAL PRACTICE LIMITED
REGISTERED NUMBER: 06933411
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K Patel
Director

Date: 20 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
VILLAGE DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Village Dental Practice Limited is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is Aston House, Cornwall Avenue, London N3 1LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
VILLAGE DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
No depreciation
Plant and machinery
-
10% Straight line
Fixtures and fittings
-
33% Straight line
Computer equipment
-
33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
VILLAGE DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 15).

Page 5

 
VILLAGE DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
7,750
67,850
48,094
12,249
135,943


Additions
-
132,337
5,964
-
138,301



At 31 March 2023

7,750
200,187
54,058
12,249
274,244



Depreciation


At 1 April 2022
-
44,661
41,093
10,673
96,427


Charge for the year on owned assets
-
4,626
799
497
5,922



At 31 March 2023

-
49,287
41,892
11,170
102,349



Net book value



At 31 March 2023
7,750
150,900
12,166
1,079
171,895



At 31 March 2022
7,750
23,189
7,001
1,576
39,516

Page 6

 
VILLAGE DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
5,991
5,703

Amounts owed by group undertakings
269,657
175,336

Other debtors
-
1,894

Prepayments and accrued income
2,704
2,486

Tax recoverable
46,777
45,785

325,129
231,204



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
70,465
60,474



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
184,316
84,142

Amounts owed to group undertakings
144,907
34,517

Amounts owed to other participating interests
-
1,350

Corporation tax
-
175

Other taxation and social security
1,243
-

Obligations under finance lease and hire purchase contracts
6,160
-

Other creditors
52,985
32,053

Accruals and deferred income
2,713
13,590

392,324
165,827



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
9,090
-


Page 7

 
VILLAGE DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
6,160
-

Between 1-5 years
9,090
-

15,250
-


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,603 (2022: £2,773).  Contributions totalling £488 (2022: £489) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The immediate parent undertaking is SCG Specialist Limited. The registered office of SCG Specialist Limited is Aston House, Cornwall Avenue, London, N3 1LF.
The ultimate parent undertaking is Smile Clinic Group Holdings Limited. The registered office of Smile Clinic Group Holdings Limited is Aston House, Cornwall Avenue, London, N3 1LF.

 
Page 8