Relate AccountsProduction v2.6.1 v2.6.1 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of dentistry 27 March 2024 12 12 NI618784 2023-06-30 NI618784 2022-06-30 NI618784 2021-06-30 NI618784 2022-07-01 2023-06-30 NI618784 2021-07-01 2022-06-30 NI618784 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI618784 uk-bus:AbridgedAccounts 2022-07-01 2023-06-30 NI618784 uk-core:ShareCapital 2023-06-30 NI618784 uk-core:ShareCapital 2022-06-30 NI618784 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI618784 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI618784 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI618784 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI618784 uk-bus:FRS102 2022-07-01 2023-06-30 NI618784 uk-core:Goodwill 2022-07-01 2023-06-30 NI618784 uk-core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 NI618784 uk-core:MotorVehicles 2022-07-01 2023-06-30 NI618784 uk-core:Goodwill 2022-06-30 NI618784 uk-core:Goodwill 2023-06-30 NI618784 2022-07-01 2023-06-30 NI618784 uk-bus:Director1 2022-07-01 2023-06-30 NI618784 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI618784
 
 
Yew Tree Dental Practice Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2023
Yew Tree Dental Practice Limited
Company Registration Number: NI618784
ABRIDGED BALANCE SHEET
as at 30 June 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 4 12,500 22,500
Tangible assets 5 75,543 47,157
───────── ─────────
88,043 69,657
───────── ─────────
 
Current Assets
Stocks 475 475
Debtors 42,629 40,170
Cash and cash equivalents 487,522 620,174
───────── ─────────
530,626 660,819
───────── ─────────
Creditors: amounts falling due within one year (141,685) (298,721)
───────── ─────────
Net Current Assets 388,941 362,098
───────── ─────────
Total Assets less Current Liabilities 476,984 431,755
 
Provisions for liabilities (14,315) (7,194)
───────── ─────────
Net Assets 462,669 424,561
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 462,569 424,461
───────── ─────────
Equity attributable to owners of the company 462,669 424,561
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 27 March 2024 and signed on its behalf by
           
________________________________          
Michelle Maney          
Director          
           



Yew Tree Dental Practice Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
Yew Tree Dental Practice Limited is a company limited by shares incorporated in the United Kingdom
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 12, (2022 - 12).
 
  2023 2022
  Number Number
 
Employees 12 12
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 July 2022 100,000 100,000
  ───────── ─────────
 
At 30 June 2023 100,000 100,000
  ───────── ─────────
Amortisation
At 1 July 2022 77,500 77,500
Charge for financial year 10,000 10,000
  ───────── ─────────
At 30 June 2023 87,500 87,500
  ───────── ─────────
Net book value
At 30 June 2023 12,500 12,500
  ═════════ ═════════
At 30 June 2022 22,500 22,500
  ═════════ ═════════
         
5. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 July 2022 124,629 - 124,629
Additions 1,482 48,780 50,262
  ───────── ───────── ─────────
At 30 June 2023 126,111 48,780 174,891
  ───────── ───────── ─────────
Depreciation
At 1 July 2022 77,472 - 77,472
Charge for the financial year 12,160 9,716 21,876
  ───────── ───────── ─────────
At 30 June 2023 89,632 9,716 99,348
  ───────── ───────── ─────────
Net book value
At 30 June 2023 36,479 39,064 75,543
  ═════════ ═════════ ═════════
At 30 June 2022 47,157 - 47,157
  ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 June 2023.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.