Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Rajyashree Mohanty 15/06/2020 Suresh Somasundaran 15/06/2020 16 March 2024 The principal activity of the Company during the financial year was dental practice activities. 12670990 2023-06-30 12670990 bus:Director1 2023-06-30 12670990 bus:Director2 2023-06-30 12670990 2022-06-30 12670990 core:CurrentFinancialInstruments 2023-06-30 12670990 core:CurrentFinancialInstruments 2022-06-30 12670990 core:ShareCapital 2023-06-30 12670990 core:ShareCapital 2022-06-30 12670990 core:RetainedEarningsAccumulatedLosses 2023-06-30 12670990 core:RetainedEarningsAccumulatedLosses 2022-06-30 12670990 core:OtherPropertyPlantEquipment 2022-06-30 12670990 core:OtherPropertyPlantEquipment 2023-06-30 12670990 core:CostValuation 2022-06-30 12670990 core:CostValuation 2023-06-30 12670990 2021-06-30 12670990 bus:OrdinaryShareClass1 2023-06-30 12670990 2022-07-01 2023-06-30 12670990 bus:FilletedAccounts 2022-07-01 2023-06-30 12670990 bus:SmallEntities 2022-07-01 2023-06-30 12670990 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12670990 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12670990 bus:Director1 2022-07-01 2023-06-30 12670990 bus:Director2 2022-07-01 2023-06-30 12670990 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 12670990 2021-07-01 2022-06-30 12670990 core:Subsidiary1 2022-07-01 2023-06-30 12670990 core:Subsidiary1 1 2022-07-01 2023-06-30 12670990 core:Subsidiary1 1 2021-07-01 2022-06-30 12670990 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 12670990 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 12670990 (England and Wales)

SS&RM LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

SS&RM LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

SS&RM LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2023
SS&RM LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 14,534 0
Investments 4 50 50
14,584 50
Current assets
Stocks 5 3,000 0
Debtors 6 43,015 60,065
Cash at bank and in hand 239,468 91,562
285,483 151,627
Creditors: amounts falling due within one year 7 ( 59,058) ( 41,151)
Net current assets 226,425 110,476
Total assets less current liabilities 241,009 110,526
Provision for liabilities 8 ( 1,979) 0
Net assets 239,030 110,526
Capital and reserves
Called-up share capital 9 1 1
Profit and loss account 239,029 110,525
Total shareholder's funds 239,030 110,526

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of SS&RM Limited (registered number: 12670990) were approved and authorised for issue by the Board of Directors on 16 March 2024. They were signed on its behalf by:

Suresh Somasundaran
Director
SS&RM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
SS&RM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SS&RM Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 326 Tavistock Road, Plymouth, PL6 8AL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2022 0 0
Additions 18,585 18,585
At 30 June 2023 18,585 18,585
Accumulated depreciation
At 01 July 2022 0 0
Charge for the financial year 4,051 4,051
At 30 June 2023 4,051 4,051
Net book value
At 30 June 2023 14,534 14,534
At 30 June 2022 0 0

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 July 2022 50 50
At 30 June 2023 50 50
Carrying value at 30 June 2023 50 50
Carrying value at 30 June 2022 50 50

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.06.2023
Ownership
30.06.2022
The Rock Practice Limited 14 The Rock Hotel, Yelverton, Devon, United Kingdom, PL20 6DS Dental Practice activities Ordinary 50.00% 50.00%

5. Stocks

2023 2022
£ £
Stocks 3,000 0

6. Debtors

2023 2022
£ £
Accrued income 36,828 21,415
Other debtors 6,187 38,650
43,015 60,065

7. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 42,941 21,338
Other creditors 16,117 19,813
59,058 41,151

8. Deferred tax

2023 2022
£ £
At the beginning of financial year 0 0
Charged to the Statement of Income and Retained Earnings ( 1,979) 0
At the end of financial year ( 1,979) 0

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2023 2022
£ £
Included in other creditors are amounts owed to another company in which the entity has a participating interest (2022 - amounts owed by another company). No interest is charged and the balance is repayable on demand. (9,224) 38,650

Transactions with the entity's directors

2023 2022
£ £
At the end of the period, the directors owed the company (2022 - the company owed the directors). 6,187 (7,602)

No interest is charged and the balance is repayable on demand.