Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-319true2023-01-01falseNo description of principal activity12falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12773275 2023-01-01 2023-12-31 12773275 2022-01-01 2022-12-31 12773275 2023-12-31 12773275 2022-12-31 12773275 c:Director1 2023-01-01 2023-12-31 12773275 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 12773275 d:Buildings d:ShortLeaseholdAssets 2023-12-31 12773275 d:Buildings d:ShortLeaseholdAssets 2022-12-31 12773275 d:PlantMachinery 2023-01-01 2023-12-31 12773275 d:PlantMachinery 2023-12-31 12773275 d:PlantMachinery 2022-12-31 12773275 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12773275 d:OfficeEquipment 2023-01-01 2023-12-31 12773275 d:OfficeEquipment 2023-12-31 12773275 d:OfficeEquipment 2022-12-31 12773275 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12773275 d:ComputerEquipment 2023-01-01 2023-12-31 12773275 d:ComputerEquipment 2023-12-31 12773275 d:ComputerEquipment 2022-12-31 12773275 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12773275 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12773275 d:CurrentFinancialInstruments 2023-12-31 12773275 d:CurrentFinancialInstruments 2022-12-31 12773275 d:Non-currentFinancialInstruments 2023-12-31 12773275 d:Non-currentFinancialInstruments 2022-12-31 12773275 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12773275 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12773275 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12773275 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12773275 d:ShareCapital 2023-12-31 12773275 d:ShareCapital 2022-12-31 12773275 d:RetainedEarningsAccumulatedLosses 2023-12-31 12773275 d:RetainedEarningsAccumulatedLosses 2022-12-31 12773275 c:FRS102 2023-01-01 2023-12-31 12773275 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12773275 c:FullAccounts 2023-01-01 2023-12-31 12773275 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12773275 d:WithinOneYear 2023-12-31 12773275 d:WithinOneYear 2022-12-31 12773275 d:BetweenOneFiveYears 2023-12-31 12773275 d:BetweenOneFiveYears 2022-12-31 12773275 d:Buildings d:LeasedAssetsHeldAsLessee 2023-12-31 12773275 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 12773275 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 12773275 d:LeasedAssetsHeldAsLessee 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12773275













FULHAM ROAD DENTAL LTD
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


 
FULHAM ROAD DENTAL LTD
REGISTERED NUMBER:12773275


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
715,479
737,960

  
715,479
737,960

Current assets
  

Stocks
  
15,219
13,475

Debtors: amounts falling due after more than one year
 5 
16,751
16,750

Debtors: amounts falling due within one year
 5 
355,046
26,518

Cash at bank and in hand
  
10,615
10,285

  
397,631
67,028

Creditors: amounts falling due within one year
 6 
(1,342,373)
(1,096,102)

Net current liabilities
  
 
 
(944,742)
 
 
(1,029,074)

Total assets less current liabilities
  
(229,263)
(291,114)

Creditors: amounts falling due after more than one year
  
(227,035)
(250,354)

  

Net liabilities
  
(456,298)
(541,468)


Capital and reserves
  

Called up share capital 
  
1,100
1,100

Profit and loss account
  
(457,398)
(542,568)

  
(456,298)
(541,468)

Page 1


 
FULHAM ROAD DENTAL LTD
REGISTERED NUMBER:12773275

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 by: 




MAP Brown
Director

Date: 7 August 2024

The notes on pages 3 to 9 form part of these financial statements.
Page 2


 
FULHAM ROAD DENTAL LTD
 

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

1.


General information

Fulham Road Dental Ltd (company number: 12773275) is a private company limited by shares and incorporated in England and Wales. Its registered office is 6 Eversley Park, London, England, SW19 4UU.
The principal activity of the company is the provision of dental services.
The presentational currency is the Pound Sterling (£).

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

During the year, the company generated profit of £85,170 which reduced the balance sheet deficit to £456,298 at the year end. Within this is a balance of £707,400 (see note 11) owed to the directors/shareholders who have agrees to continue to provide such financial support as its required whilst the Company strengthens its own financial position. 
In light of the above, the directors are confident that the Company will continue in operational existence for the foreseeable future and that the going concern basis is therefore appropriate for the preparation of the Company's accounts.

 
2.3

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. 

 
2.4

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.

 
2.5

Leased assets: the Company as lessee

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. 

Page 3


 
FULHAM ROAD DENTAL LTD
 

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Taxation

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.

 
2.9

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Term of the lease
Dental Equipment
-
7 years
Office equipment
-
7 Years
Computer equipment
-
3 Years

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.

Page 4


 
FULHAM ROAD DENTAL LTD
 

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

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 9).

Page 5


 
FULHAM ROAD DENTAL LTD
 

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

4.


Tangible fixed assets





Short-term leasehold property
Dental Equipment
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
493,137
370,519
24,204
38,108
925,968


Additions
-
63,689
-
-
63,689



At 31 December 2023

493,137
434,208
24,204
38,108
989,657



Depreciation


At 1 January 2023
89,795
75,761
4,115
18,336
188,007


Charge for the year on owned assets
8,189
61,821
3,458
12,703
86,171



At 31 December 2023

97,984
137,582
7,573
31,039
274,178



Net book value



At 31 December 2023
395,153
296,626
16,631
7,069
715,479

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
£



Short-term leasehold property
36,906

Dental Equipment
220,826

Office equipment
8,607

266,339

Page 6


 
FULHAM ROAD DENTAL LTD
 

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

5.


Debtors

2023
2022
£
£

Due after more than one year

Rental Deposit
16,751
16,750


2023
2022
£
£

Due within one year

Trade debtors
-
1,637

Amounts owed by group undertakings
277,838
6,997

Other debtors
57,981
412

Prepayments and accrued income
19,227
17,472

355,046
26,518



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Payments received on account
2,000
2,000

Trade creditors
21,420
22,510

Amounts owed to group undertakings
1,476
-

Other taxation and social security
14,028
17,558

Obligations under finance lease
72,066
60,032

Other creditors
1,172,561
944,795

Accruals and deferred income
58,822
49,207

1,342,373
1,096,102



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £8,667 (2022: £6,027). Contributions totalling £2,036 (2022: £1,558) were payable to the fund at the balance sheet date and are included in creditors.

Page 7


 
FULHAM ROAD DENTAL LTD
 

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

8.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
72,270
67,500

Later than 1 year and not later than 5 years
227,035
121,870

299,305
189,370


9.


Finance lease commitments

Finance lease liabilities include gross lease payments due within:


2023
2022
£
£



Not later than 1 year
72,270
60,032

Later than 1 year and not later than 5 years
227,035
237,172

Later than 5 years
-
13,181

299,305
310,385


10.


Related party transactions

Material balances and transactions with related parties arising during the year were as follows:

2023
2022
        £
        £
Creditors falling within one year

MAP Brown

431,352

227,178

GJM Cheetham

28,962

8,135


460,314

235,313


Page 8


 
FULHAM ROAD DENTAL LTD
 

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


2023
2022
        £
        £
Creditors falling due greater than one year

MAP Brown

424,440

424,440

GJM Cheetham

282,960

282,960


The creditors falling due within one year is accruing interest at 5% per annum. This loan is unsecured and has no fixed term of repayment.
The creditors falling due greater than one year are interest free, unsecured and has no fixed terms of repayment. 
Nature of relationship
MAP Brown and GJM Cheetham are directors and shareholders of the company.

 
Page 9