Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-302023-03-30true33Dental practice342022-03-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09028833 2022-03-31 2023-03-30 09028833 2021-03-31 2022-03-30 09028833 2023-03-30 09028833 2022-03-30 09028833 c:Director1 2022-03-31 2023-03-30 09028833 c:Director3 2022-03-31 2023-03-30 09028833 d:Buildings 2023-03-30 09028833 d:Buildings 2022-03-30 09028833 d:Buildings d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 09028833 d:Buildings d:LongLeaseholdAssets 2022-03-31 2023-03-30 09028833 d:Buildings d:LongLeaseholdAssets 2023-03-30 09028833 d:Buildings d:LongLeaseholdAssets 2022-03-30 09028833 d:PlantMachinery 2022-03-31 2023-03-30 09028833 d:PlantMachinery 2023-03-30 09028833 d:PlantMachinery 2022-03-30 09028833 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 09028833 d:FurnitureFittings 2022-03-31 2023-03-30 09028833 d:FurnitureFittings 2023-03-30 09028833 d:FurnitureFittings 2022-03-30 09028833 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 09028833 d:OfficeEquipment 2022-03-31 2023-03-30 09028833 d:OfficeEquipment 2023-03-30 09028833 d:OfficeEquipment 2022-03-30 09028833 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 09028833 d:ComputerEquipment 2022-03-31 2023-03-30 09028833 d:ComputerEquipment 2023-03-30 09028833 d:ComputerEquipment 2022-03-30 09028833 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 09028833 d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 09028833 d:Goodwill 2022-03-31 2023-03-30 09028833 d:Goodwill 2023-03-30 09028833 d:Goodwill 2022-03-30 09028833 d:CurrentFinancialInstruments 2023-03-30 09028833 d:CurrentFinancialInstruments 2022-03-30 09028833 d:Non-currentFinancialInstruments 2023-03-30 09028833 d:Non-currentFinancialInstruments 2022-03-30 09028833 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-30 09028833 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-30 09028833 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-30 09028833 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-30 09028833 d:ShareCapital 2023-03-30 09028833 d:ShareCapital 2022-03-30 09028833 d:RetainedEarningsAccumulatedLosses 2023-03-30 09028833 d:RetainedEarningsAccumulatedLosses 2022-03-30 09028833 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-30 09028833 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-30 09028833 c:FRS102 2022-03-31 2023-03-30 09028833 c:AuditExemptWithAccountantsReport 2022-03-31 2023-03-30 09028833 c:FullAccounts 2022-03-31 2023-03-30 09028833 c:PrivateLimitedCompanyLtd 2022-03-31 2023-03-30 09028833 d:Goodwill d:OwnedIntangibleAssets 2022-03-31 2023-03-30 iso4217:GBP xbrli:pure

Registered number: 09028833










AHMAD AND SALEEM PARTNERS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 MARCH 2023

 
AHMAD AND SALEEM PARTNERS LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFAHMAD AND SALEEM PARTNERS LTD
FOR THE YEAR ENDED 30 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 Ahmad and Saleem Partners Ltd for the year ended 30 March 2023 which comprise the Balance sheet and the related notes from the Company accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Ahmad and Saleem Partners Ltd, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Ahmad and Saleem Partners Ltd and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ahmad and Saleem Partners Ltd and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Ahmad and Saleem Partners Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Ahmad and Saleem Partners Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Ahmad and Saleem Partners Ltd. 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.







Shipleys Tax Planning
 

29 March 2024
Page 1

 
AHMAD AND SALEEM PARTNERS LTD
REGISTERED NUMBER: 09028833

BALANCE SHEET
AS AT 30 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
235,867
412,767

Tangible assets
  
263,595
279,101

  
499,462
691,868

Current assets
  

Stocks
  
1,419
1,256

Debtors: amounts falling due within one year
  
198,602
217,903

Cash at bank and in hand
  
321,911
180,211

  
521,932
399,370

Creditors: amounts falling due within one year
  
(492,127)
(259,304)

Net current assets
  
 
 
29,805
 
 
140,066

Total assets less current liabilities
  
529,267
831,934

Creditors: amounts falling due after more than one year
  
(480,037)
(480,039)

  

Net assets
  
49,230
351,895


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
48,230
350,895

  
49,230
351,895


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 comprehensive income 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: 



Page 2

 
AHMAD AND SALEEM PARTNERS LTD
REGISTERED NUMBER: 09028833

BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 2023




Shazad Saleem
Waqas Ahmad
Director
Director


Date: 29 March 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

1.


General information

Ahmad and Saleem Partners Limited is a company domiciled in England & Wales, registration number 09028833.  The registered office address is Glodwick Dental Practice, Glodwick Health Centre, 137 Glodwick Road, Oldham, OL4 1YN.

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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 4

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 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

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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.

Page 5

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Office equipment
-
25% 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.

 
2.9

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 weighted average 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Page 6

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 7

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 34 (2022 - 33).


4.


Intangible assets




Goodwill

£



Cost


At 31 March 2022
1,769,000



At 30 March 2023

1,769,000



Amortisation


At 31 March 2022
1,356,233


Charge for the year on owned assets
176,900



At 30 March 2023

1,533,133



Net book value



At 30 March 2023
235,867



At 30 March 2022
412,767




5.


Tangible fixed assets





Freehold property
Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 31 March 2022
9,189
173,648
126,345
207,360
1,543



At 30 March 2023

9,189
173,648
126,345
207,360
1,543



Depreciation


At 31 March 2022
-
-
42,643
203,207
386


Charge for the year on owned assets
-
-
7,436
2,077
386



At 30 March 2023

-
-
50,079
205,284
772
Page 8

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

           5.Tangible fixed assets (continued)




Net book value



At 30 March 2023
9,189
173,648
76,266
2,076
771



At 30 March 2022
9,189
173,648
83,702
4,154
1,158

Computer equipment
Total

£
£



Cost or valuation


At 31 March 2022
85,675
603,760



At 30 March 2023

85,675
603,760



Depreciation


At 31 March 2022
78,425
324,661


Charge for the year on owned assets
5,605
15,504



At 30 March 2023

84,030
340,165



Net book value



At 30 March 2023
1,645
263,595



At 30 March 2022
7,250
279,101


6.


Debtors

2023
2022
£
£


Trade debtors
122,169
182,920

Other debtors
76,433
34,983

198,602
217,903


Page 9

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
321,911
180,211

321,911
180,211



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
34,059
60,829

Corporation tax
85,198
76,928

Other taxation and social security
10,290
21,118

Other creditors
89,842
82,249

Accruals and deferred income
272,738
18,180

492,127
259,304



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
480,037
480,037

480,037
480,037



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
321,911
180,211




Financial assets measured at amortised cost comprise of cash at bank.


Financial liabilities at amortised cost comprise of other creditors and accruals.


11.


Related party transactions

At the year end, the company owed the directors £72,110 (2022: £72,110).


Page 10