Company registration number 09920947 (England and Wales)
A & J ROLLINGS DENTAL STUDIO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
A & J ROLLINGS DENTAL STUDIO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
A & J ROLLINGS DENTAL STUDIO LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,445
6,665
Tangible assets
4
5,763
3,547
10,208
10,212
Current assets
Stocks
2,000
1,850
Debtors
5
83,876
46,426
Cash at bank and in hand
293,476
259,699
379,352
307,975
Creditors: amounts falling due within one year
6
(334,303)
(315,765)
Net current assets/(liabilities)
45,049
(7,790)
Net assets
55,257
2,422
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
55,157
2,322
Total equity
55,257
2,422
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 December 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 members have 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.
The financial statements were approved and signed by the director and authorised for issue on 24 July 2024
Mrs J T Rollings
Director
Company registration number 09920947 (England and Wales)
A & J ROLLINGS DENTAL STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
A & J Rollings Dental Studio Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88 Hill Village Road, Sutton Coldfield, West Midlands, England, B75 5BE.
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 have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
1.2
Turnover
Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Intangible fixed assets - goodwill
Goodwill being the amount paid in connection with acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.
1.4
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.
Plant and equipment
20% on costs
Fixtures and fittings
20% on costs
Computers
33% on cost
1.5
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.6
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax
Current tax is recognised at the amount payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
A & J ROLLINGS DENTAL STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
1.7
Retirement benefits
The company operates a defined pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
22,205
Amortisation and impairment
At 1 January 2023
15,540
Amortisation charged for the year
2,220
At 31 December 2023
17,760
Carrying amount
At 31 December 2023
4,445
At 31 December 2022
6,665
A & J ROLLINGS DENTAL STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
160,660
Additions
3,357
At 31 December 2023
164,017
Depreciation and impairment
At 1 January 2023
157,113
Depreciation charged in the year
1,141
At 31 December 2023
158,254
Carrying amount
At 31 December 2023
5,763
At 31 December 2022
3,547
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
22,553
25,899
Other debtors
61,323
20,527
83,876
46,426
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,372
6,722
Amounts owed to group undertakings
312,251
301,351
Taxation and social security
15,825
4,797
Other creditors
2,855
2,895
334,303
315,765
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
A & J ROLLINGS DENTAL STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
8
Parent company
The company is a wholly owned subsidiary of Aurol Technologies Limited a company registered in England & Wales. Their registered office is 88 Hill Village Road, Sutton Coldfield, West Midlands, England, B75 5BE.