Caseware UK (AP4) 2023.0.135 2023.0.135 12022-12-01falsedental prosthetics1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12569967 2022-12-01 2023-11-30 12569967 2021-12-01 2022-11-30 12569967 2023-11-30 12569967 2022-11-30 12569967 c:Director1 2022-12-01 2023-11-30 12569967 d:PlantMachinery 2022-12-01 2023-11-30 12569967 d:PlantMachinery 2023-11-30 12569967 d:PlantMachinery 2022-11-30 12569967 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12569967 d:CurrentFinancialInstruments 2023-11-30 12569967 d:CurrentFinancialInstruments 2022-11-30 12569967 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12569967 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12569967 d:ShareCapital 2023-11-30 12569967 d:ShareCapital 2022-11-30 12569967 d:RetainedEarningsAccumulatedLosses 2023-11-30 12569967 d:RetainedEarningsAccumulatedLosses 2022-11-30 12569967 c:FRS102 2022-12-01 2023-11-30 12569967 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12569967 c:FullAccounts 2022-12-01 2023-11-30 12569967 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12569967 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 12569967





 
Southbourne Grove Denture           
Clinic Limited
          
 
Financial statements          

For the year ended 30 November 2023          

 
Southbourne Grove Denture Clinic Limited
Registered number:12569967

Balance sheet
As at 30 November 2023


2023

2022
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,157
1,544

Current assets
  

Debtors
 5 
4,296
12,496

Cash at bank and in hand
 6 
10,470
2,818

  
14,766
15,314

Creditors: amounts falling due within one year
 7 
(7,933)
(15,147)

Net current assets
  
 
 
6,833
 
 
167

Net assets
  
7,990
1,711


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
7,890
1,611

  
7,990
1,711


The director considers 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 director acknowledges his 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 company has opted not to file the statement of income and retained earnings 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 on 22 July 2024.




T Foster
Director




The notes on pages 2 to 7 form part of these financial statements.
Page 1

 
Southbourne Grove Denture Clinic Limited
 
 
Notes to the financial statements
For the year ended 30 November 2023

1.


General information

Southbourne Grove Denture Clinic Limited  is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 2

 
Southbourne Grove Denture Clinic Limited
 
 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rate:

Plant and machinery
-
25%
reducing balance

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.
Page 3

 
Southbourne Grove Denture Clinic Limited
 
 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)


2.9
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.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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 payments 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.

 

Page 4

 
Southbourne Grove Denture Clinic Limited
 
 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.10

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
Southbourne Grove Denture Clinic Limited
 
 
Notes to the financial statements
For the year ended 30 November 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 December 2022
1,907



At 30 November 2023

1,907



Depreciation


At 1 December 2022
363


Charge for the year
387



At 30 November 2023

750



Net book value



At 30 November 2023
1,157



At 30 November 2022
1,544


5.


Debtors

2023
2022
£
£


Trade debtors
200
6,105

Other debtors
3,166
5,235

Prepayments and accrued income
930
1,156

4,296
12,496


Included within other debtors due within one year is a loan to T Foster, a director, amounting to £3,166 (2022 - £5,235). The maximum balance outstanding during the year was £11,499 (2022 - £5,235). No interest was charged on this loan.  



Page 6

 
Southbourne Grove Denture Clinic Limited
 
 
Notes to the financial statements
For the year ended 30 November 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10,470
2,818



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
3,476
2,243

Other creditors
2,727
10,284

Accruals and deferred income
1,730
2,620

7,933
15,147


 
Page 7