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Registration number: 12272608

Triquestra Dental Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Triquestra Dental Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Triquestra Dental Limited

Company Information

Directors

Dr A McVeigh

Dr J P McVeigh

Registered office

Suit 26 Atlas House
West Devon Business Park
Tavistock
Devon
United Kingdom
PL19 9DP

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Triquestra Dental Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Triquestra Dental Limited for the year ended 31 October 2023 as set out on pages 3 to 8 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Triquestra Dental Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Triquestra Dental Limited and state those matters that we have agreed to state to the Board of Directors of Triquestra Dental Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Triquestra Dental Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Triquestra Dental Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Triquestra Dental Limited. You consider that Triquestra Dental 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 accounts of Triquestra Dental 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 accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

22 March 2024

 

Triquestra Dental Limited

(Registration number: 12272608)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

44,709

55,545

Current assets

 

Debtors

5

22,847

133,345

Cash at bank and in hand

 

137,615

68,308

 

160,462

201,653

Creditors: Amounts falling due within one year

6

(53,734)

(41,718)

Net current assets

 

106,728

159,935

Total assets less current liabilities

 

151,437

215,480

Creditors: Amounts falling due after more than one year

6

(34,439)

(42,080)

Provisions for liabilities

(11,177)

(13,331)

Net assets

 

105,821

160,069

Capital and reserves

 

Called up share capital

101

101

Retained earnings

105,720

159,968

Shareholders' funds

 

105,821

160,069

 

Triquestra Dental Limited

(Registration number: 12272608)
Balance Sheet as at 31 October 2023

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 April 2024 and signed on its behalf by:
 

.........................................

Dr A McVeigh

Director

.........................................

Dr J P McVeigh

Director

 

Triquestra Dental Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suit 26 Atlas House
West Devon Business Park
Tavistock
Devon
United Kingdom
PL19 9DP

These financial statements were authorised for issue by the Board on 9 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of dental services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

Triquestra Dental Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Office equipment

33% straight line

Motor Vehicles

25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Triquestra Dental Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Plant & equipment
£

Total
£

Cost or valuation

At 1 November 2022

3,178

69,439

5,852

78,469

Additions

1,420

2,613

-

4,033

At 31 October 2023

4,598

72,052

5,852

82,502

Depreciation

At 1 November 2022

1,911

17,853

3,160

22,924

Charge for the year

755

13,441

673

14,869

At 31 October 2023

2,666

31,294

3,833

37,793

Carrying amount

At 31 October 2023

1,932

40,758

2,019

44,709

At 31 October 2022

1,267

51,586

2,692

55,545

5

Debtors

2023
£

2022
£

Trade debtors

20,375

28,662

Prepayments

2,472

2,913

Other debtors

-

101,770

22,847

133,345

 

Triquestra Dental Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7,641

7,641

Taxation and social security

 

20,207

31,932

Accruals and deferred income

 

1,629

2,145

Other creditors

 

24,257

-

 

53,734

41,718

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

34,439

42,080

7

Related party transactions

At the start of the year the directors owed a balance of £101,464 to the company. This was repaid in full during the year, and no amount is outstanding at the year end. Interest was charged on the outstanding balance at the HMRC standard rate on a monthly basis, and the loan was repayable on demand.