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REGISTERED NUMBER: 08959466 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Dental Excellence Studio Ltd

Dental Excellence Studio Ltd (Registered number: 08959466)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dental Excellence Studio Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Dr R Hughes





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 08959466 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Dental Excellence Studio Ltd (Registered number: 08959466)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,885 22,958
53,885 22,958

CURRENT ASSETS
Stocks 45,000 45,000
Debtors 6 1,780,926 719,496
Cash at bank 66,747 59,882
1,892,673 824,378
CREDITORS
Amounts falling due within one year 7 432,260 466,521
NET CURRENT ASSETS 1,460,413 357,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,514,298

380,815

CREDITORS
Amounts falling due after more than
one year

8

124,004

259,876
NET ASSETS 1,390,294 120,939

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,390,194 120,839
SHAREHOLDERS' FUNDS 1,390,294 120,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Dental Excellence Studio Ltd (Registered number: 08959466)

Balance Sheet - continued
31 July 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Dr R Hughes - Director


Dental Excellence Studio Ltd (Registered number: 08959466)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Dental Excellence Studio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the dental service fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the services are complete.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans, intercompany loans (being repayable on demand), trade creditors and trade debtors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Dental Excellence Studio Ltd (Registered number: 08959466)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 160,000
AMORTISATION
At 1 August 2022
and 31 July 2023 160,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Dental Excellence Studio Ltd (Registered number: 08959466)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 358,555
Additions 49,443
At 31 July 2023 407,998
DEPRECIATION
At 1 August 2022 335,597
Charge for year 18,516
At 31 July 2023 354,113
NET BOOK VALUE
At 31 July 2023 53,885
At 31 July 2022 22,958

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 191,834 55,683
Amounts owed by participating interests 1,038,874 408,209
Amounts owed by associates 527,218 255,604
Other debtors 23,000 -
1,780,926 719,496

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 377,697 213,029
Trade creditors 39,565 22,888
Taxation and social security 14,999 229,627
Other creditors (1 ) 977
432,260 466,521

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 124,004 259,876

Dental Excellence Studio Ltd (Registered number: 08959466)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RELATED PARTY DISCLOSURES

Included in debtors is £972,825 (2022: £342,160) due from the parent company, group accounts are not required.

Also included in debtors is £737,226 (2022: £416,301) due from companies associated with Dental Excellence Studio Ltd and included in creditors is £143,958 (2022: £94,648) due to companies associated with Dental Excellence Studio Ltd..

All of which are interest free and repayable on demand.