Company registration number 07257604 (England and Wales)
WHITE ROSE DENTAL PRACTICE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
WHITE ROSE DENTAL PRACTICE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
WHITE ROSE DENTAL PRACTICE LTD
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
67,667
96,667
Tangible assets
4
310,534
322,000
378,201
418,667
Current assets
Stocks
9,000
9,000
Debtors
5
6,375
20,641
Cash at bank and in hand
80,666
86,557
96,041
116,198
Creditors: amounts falling due within one year
6
(148,905)
(191,879)
Net current liabilities
(52,864)
(75,681)
Total assets less current liabilities
325,337
342,986
Creditors: amounts falling due after more than one year
7
-
0
(38,689)
Provisions for liabilities
Deferred tax liability
-
0
2,776
-
(2,776)
Net assets
325,337
301,521
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
325,237
301,421
Total equity
325,337
301,521

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

WHITE ROSE DENTAL PRACTICE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 22 April 2024
Dr S D Smith BDS
Director
Company Registration No. 07257604
WHITE ROSE DENTAL PRACTICE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

White Rose Dental Practice Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of trade discounts.

1.3
Intangible fixed assets - goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line on buildings, land is not depreciated
Plant and machinery
25% per annum on net book value
Fixtures, fittings & equipment
25% per annum on net book value
Computer equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

WHITE ROSE DENTAL PRACTICE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
8
8
3
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2022 and 31 July 2023
290,000
Amortisation and impairment
At 1 August 2022
193,333
Amortisation charged for the year
29,000
At 31 July 2023
222,333
Carrying amount
At 31 July 2023
67,667
At 31 July 2022
96,667
WHITE ROSE DENTAL PRACTICE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2022
322,756
137,812
460,568
Additions
-
0
4,445
4,445
At 31 July 2023
322,756
142,257
465,013
Depreciation and impairment
At 1 August 2022
17,237
121,331
138,568
Depreciation charged in the year
4,304
11,607
15,911
At 31 July 2023
21,541
132,938
154,479
Carrying amount
At 31 July 2023
301,215
9,319
310,534
At 31 July 2022
305,519
16,481
322,000

 

5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
6,375
16,144
Other debtors
-
0
4,497
6,375
20,641
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
-
0
57,841
Trade creditors
44,358
30,553
Taxation and social security
19,229
25,491
Other creditors
85,318
77,994
148,905
191,879

Included within bank loans and overdrafts is £0 (2022: £18,612) of mortgage secured against the asset to which it relates.

WHITE ROSE DENTAL PRACTICE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
-
0
38,689

Included within bank loans and overdrafts is £0 (2022: £38,689) of mortgage secured against the asset to which it relates.

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