Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 8 November 2021 false 1 April 2023 31 March 2024 31 March 2024 13728895 Dr J Hatfield Dr O Hatfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13728895 2023-03-31 13728895 2024-03-31 13728895 2023-04-01 2024-03-31 13728895 frs-core:CurrentFinancialInstruments 2024-03-31 13728895 frs-core:Non-currentFinancialInstruments 2024-03-31 13728895 frs-core:FurnitureFittings 2024-03-31 13728895 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13728895 frs-core:FurnitureFittings 2023-03-31 13728895 frs-core:NetGoodwill 2024-03-31 13728895 frs-core:NetGoodwill 2023-04-01 2024-03-31 13728895 frs-core:NetGoodwill 2023-03-31 13728895 frs-core:PlantMachinery 2024-03-31 13728895 frs-core:PlantMachinery 2023-04-01 2024-03-31 13728895 frs-core:PlantMachinery 2023-03-31 13728895 frs-core:ShareCapital 2024-03-31 13728895 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13728895 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13728895 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13728895 frs-bus:SmallEntities 2023-04-01 2024-03-31 13728895 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13728895 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13728895 frs-bus:Director1 2023-04-01 2024-03-31 13728895 frs-bus:Director2 2023-04-01 2024-03-31 13728895 frs-countries:EnglandWales 2023-04-01 2024-03-31 13728895 2021-11-07 13728895 2023-03-31 13728895 2021-11-08 2023-03-31 13728895 frs-core:CurrentFinancialInstruments 2023-03-31 13728895 frs-core:Non-currentFinancialInstruments 2023-03-31 13728895 frs-core:ShareCapital 2023-03-31 13728895 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13728895
Ridge Dental Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13728895
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 73,600 82,800
Tangible Assets 5 349,423 396,469
423,023 479,269
CURRENT ASSETS
Debtors 6 6,069 -
Cash at bank and in hand 89,581 39,384
95,650 39,384
Creditors: Amounts Falling Due Within One Year 7 (171,453 ) (225,244 )
NET CURRENT ASSETS (LIABILITIES) (75,803 ) (185,860 )
TOTAL ASSETS LESS CURRENT LIABILITIES 347,220 293,409
Creditors: Amounts Falling Due After More Than One Year 8 (73,843 ) (137,200 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (85,162 ) (73,434 )
NET ASSETS 188,215 82,775
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 188,015 82,575
SHAREHOLDERS' FUNDS 188,215 82,775
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr J Hatfield
Director
31 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ridge Dental Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13728895 . The registered office is 86 Firgrove Crescent Yate, Bristol, BS37 7AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 12.5% on reducing balance
Fixtures & Fittings 50% on cost
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 13)
16 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 92,000
As at 31 March 2024 92,000
Amortisation
As at 1 April 2023 9,200
Provided during the period 9,200
As at 31 March 2024 18,400
Net Book Value
As at 31 March 2024 73,600
As at 1 April 2023 82,800
Goodwill of £92,000 relates to the purchase of the The Ridge Dental Surgery on 31/03/2022, from Mr J Hatfield, valued by R A Leslie & Co LLP, Chartered Accountants.
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 441,815 19,944 461,759
Additions 2,919 - 2,919
As at 31 March 2024 444,734 19,944 464,678
Depreciation
As at 1 April 2023 55,318 9,972 65,290
Provided during the period 48,768 1,197 49,965
As at 31 March 2024 104,086 11,169 115,255
Net Book Value
As at 31 March 2024 340,648 8,775 349,423
As at 1 April 2023 386,497 9,972 396,469
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6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other taxes and social security 6,069 -
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors - 2,195
Bank loans and overdrafts 23,890 20,800
Other loans 54,472 38,215
Corporation tax 82,772 60,038
Other creditors 10,132 42,825
Directors' loan accounts 187 61,171
171,453 225,244
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 14,310 39,862
Other loans 59,533 97,338
73,843 137,200
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 200 200
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