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REGISTERED NUMBER: 06032164 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EAST PARK DENTAL PRACTICE LIMITED

EAST PARK DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06032164)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST PARK DENTAL PRACTICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J E Stock
C J Young





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 06032164 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

EAST PARK DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06032164)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 67,236 86,022
Tangible assets 5 77,841 27,072
145,077 113,094

CURRENT ASSETS
Stocks 9,500 9,500
Debtors 6 4,536 3,779
Cash at bank and in hand 206,982 191,532
221,018 204,811
CREDITORS
Amounts falling due within one year 7 111,187 113,758
NET CURRENT ASSETS 109,831 91,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,908

204,147

CREDITORS
Amounts falling due after more than one
year

8

(43,151

)

(29,765

)

PROVISIONS FOR LIABILITIES (18,308 ) -
NET ASSETS 193,449 174,382

CAPITAL AND RESERVES
Called up and paid share capital 600 600
Retained earnings 192,849 173,782
SHAREHOLDERS' FUNDS 193,449 174,382

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

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

The directors acknowledge their 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.

EAST PARK DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06032164)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by:




J E Stock - Director



C J Young - Director


EAST PARK DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06032164)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

East Park Dental Practice Limited 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.

Turnover
Turnover represents invoiced sales of goods and services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

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 each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - 25% on cost
Computer equipment - 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
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.


EAST PARK DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06032164)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 12 (2022 - 20 ) .

EAST PARK DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06032164)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 375,717
AMORTISATION
At 1 January 2023 289,695
Charge for year 18,786
At 31 December 2023 308,481
NET BOOK VALUE
At 31 December 2023 67,236
At 31 December 2022 86,022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 370,777
Additions 61,829
Disposals (15,796 )
At 31 December 2023 416,810
DEPRECIATION
At 1 January 2023 343,705
Charge for year 11,060
Eliminated on disposal (15,796 )
At 31 December 2023 338,969
NET BOOK VALUE
At 31 December 2023 77,841
At 31 December 2022 27,072

EAST PARK DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06032164)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,536 2,947
Other debtors - 832
4,536 3,779

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,885 26,378
Hire purchase contracts 6,842 -
Trade creditors 15,087 27,097
Taxation and social security 72,130 52,643
Other creditors 7,243 7,640
111,187 113,758

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,034 29,765
Hire purchase contracts 28,117 -
43,151 29,765

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,919 56,143

The company's bankers hold a fixed and floating charge over all of the assets of the company both present and future. The company's bankers also hold personal guarantees from the directors in respect of amounts advanced by the bank.