Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2628false2022-11-01falseNo description of principal activitytrue 09072539 2022-11-01 2023-10-31 09072539 2021-11-01 2022-10-31 09072539 2023-10-31 09072539 2022-10-31 09072539 2021-11-01 09072539 c:Director3 2022-11-01 2023-10-31 09072539 d:Buildings 2022-11-01 2023-10-31 09072539 d:Buildings 2023-10-31 09072539 d:Buildings 2022-10-31 09072539 d:Buildings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09072539 d:LandBuildings 2023-10-31 09072539 d:LandBuildings 2022-10-31 09072539 d:PlantMachinery 2022-11-01 2023-10-31 09072539 d:PlantMachinery 2023-10-31 09072539 d:PlantMachinery 2022-10-31 09072539 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09072539 d:MotorVehicles 2022-11-01 2023-10-31 09072539 d:MotorVehicles 2023-10-31 09072539 d:MotorVehicles 2022-10-31 09072539 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09072539 d:FurnitureFittings 2022-11-01 2023-10-31 09072539 d:FurnitureFittings 2023-10-31 09072539 d:FurnitureFittings 2022-10-31 09072539 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09072539 d:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 09072539 d:OtherPropertyPlantEquipment 2023-10-31 09072539 d:OtherPropertyPlantEquipment 2022-10-31 09072539 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09072539 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09072539 d:CurrentFinancialInstruments 2023-10-31 09072539 d:CurrentFinancialInstruments 2022-10-31 09072539 d:Non-currentFinancialInstruments 2023-10-31 09072539 d:Non-currentFinancialInstruments 2022-10-31 09072539 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09072539 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09072539 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09072539 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09072539 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 09072539 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 09072539 d:ShareCapital 2022-11-01 2023-10-31 09072539 d:ShareCapital 2023-10-31 09072539 d:ShareCapital 2021-11-01 2022-10-31 09072539 d:ShareCapital 2022-10-31 09072539 d:ShareCapital 2021-11-01 09072539 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 09072539 d:RetainedEarningsAccumulatedLosses 2023-10-31 09072539 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 09072539 d:RetainedEarningsAccumulatedLosses 2022-10-31 09072539 d:RetainedEarningsAccumulatedLosses 2021-11-01 09072539 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 09072539 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 09072539 c:FRS102 2022-11-01 2023-10-31 09072539 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09072539 c:FullAccounts 2022-11-01 2023-10-31 09072539 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09072539 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 09072539









CAMBRIDGE DENTAL HUB LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
CAMBRIDGE DENTAL HUB LTD
REGISTERED NUMBER: 09072539

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,566,073
1,622,831

  
1,566,073
1,622,831

Current assets
  

Stocks
 5 
18,250
18,000

Debtors: amounts falling due after more than one year
 6 
3,257,410
2,669,167

Cash at bank and in hand
 7 
336,791
525,060

  
3,612,451
3,212,227

Creditors: amounts falling due within one year
 8 
(775,830)
(952,989)

Net current assets
  
 
 
2,836,621
 
 
2,259,238

Total assets less current liabilities
  
4,402,694
3,882,069

Creditors: amounts falling due after more than one year
 9 
(477,329)
(538,158)

Provisions for liabilities
  

Deferred tax
 11 
(114,305)
(66,953)

  
 
 
(114,305)
 
 
(66,953)

Net assets
  
3,811,060
3,276,958


Capital and reserves
  

Called up share capital 
  
2,500
2,500

Profit and loss account
  
3,808,560
3,274,458

  
3,811,060
3,276,958


Page 1

 
CAMBRIDGE DENTAL HUB LTD
REGISTERED NUMBER: 09072539
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income 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 30 July 2024.




................................................
Dr M Gilmartin
Director

The notes on pages 5 to 13 form part of these financial statements.

Page 2

 
CAMBRIDGE DENTAL HUB LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2022
2,500
3,274,458
3,276,958


Comprehensive income for the year

Profit for the year

-
534,102
534,102


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
534,102
534,102


Total transactions with owners
-
-
-


At 31 October 2023
2,500
3,808,560
3,811,060


The notes on pages 5 to 13 form part of these financial statements.

Page 3

 
CAMBRIDGE DENTAL HUB LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2021
2,500
2,185,941
2,188,441


Comprehensive income for the year

Profit for the year

-
1,088,517
1,088,517


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
1,088,517
1,088,517


Total transactions with owners
-
-
-


At 31 October 2022
2,500
3,274,458
3,276,958


The notes on pages 5 to 13 form part of these financial statements.

Page 4

 
CAMBRIDGE DENTAL HUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Cambridge Dental Hub Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 249 Silbury Boulevard, Milton Keynes, Bucks, MK9 1NA.
The Company's principal activity is that of dental surgery.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

Page 5

 
CAMBRIDGE DENTAL HUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 
CAMBRIDGE DENTAL HUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

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.

Page 7

 
CAMBRIDGE DENTAL HUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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 on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
reducing balance
Improvements
-
5%
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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 8

 
CAMBRIDGE DENTAL HUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
28
26


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Other fixed assets

£
£
£
£
£



Cost or valuation


At 1 November 2022
1,108,854
434,626
99,244
29,879
236,638


Additions
-
31,458
-
-
-



At 31 October 2023

1,108,854
466,084
99,244
29,879
236,638



Depreciation


At 1 November 2022
-
164,556
31,889
14,921
75,044


Charge for the year on owned assets
-
60,305
16,839
2,992
8,080



At 31 October 2023

-
224,861
48,728
17,913
83,124



Net book value



At 31 October 2023
1,108,854
241,223
50,516
11,966
153,514
Page 9

 
CAMBRIDGE DENTAL HUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

           4.Tangible fixed assets (continued)




At 31 October 2022
1,108,854
270,070
67,355
14,958
161,594

Total

£



Cost or valuation


At 1 November 2022
1,909,241


Additions
31,458



At 31 October 2023

1,940,699



Depreciation


At 1 November 2022
286,410


Charge for the year on owned assets
88,216



At 31 October 2023

374,626



Net book value



At 31 October 2023
1,566,073



At 31 October 2022
1,622,831




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
1,108,854
1,108,854

1,108,854
1,108,854


Page 10

 
CAMBRIDGE DENTAL HUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
18,250
18,000

18,250
18,000



6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
3,257,410
2,669,167

3,257,410
2,669,167



Due within one year




7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
336,791
525,060

336,791
525,060



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
79,511
79,511

Trade creditors
1,825
7,511

Corporation tax
184,372
207,509

Other taxation and social security
3,438
-

Other creditors
501,404
653,658

Accruals and deferred income
5,280
4,800

775,830
952,989


Page 11

 
CAMBRIDGE DENTAL HUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
477,329
538,158

477,329
538,158



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
79,511
79,511


79,511
79,511


Amounts falling due 2-5 years

Bank loans
477,328
538,158


477,328
538,158


556,839
617,669



11.


Deferred taxation




2023


£






At beginning of year
(66,953)


Charged to profit or loss
(47,352)



At end of year
(114,305)

Page 12

 
CAMBRIDGE DENTAL HUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
 
11.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(114,305)
(66,953)

(114,305)
(66,953)

 
Page 13