Registered number
08038759
BEECH LANE DENTAL CARE LIMITED
Filleted Accounts
31 March 2024
BEECH LANE DENTAL CARE LIMITED
Registered number: 08038759
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 304,275 326,040
Tangible assets 4 122,417 30,140
426,692 356,180
Current assets
Stocks 16,500 17,000
Debtors 5 457,756 19,214
Cash at bank and in hand 15,810 338,891
490,066 375,105
Creditors: amounts falling due within one year 6 (239,548) (369,825)
Net current assets 250,518 5,280
Total assets less current liabilities 677,210 361,460
Creditors: amounts falling due after more than one year 7 (55,417) -
Provisions for liabilities (27,871) (4,270)
Net assets 593,922 357,190
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 592,922 356,190
Shareholders' funds 593,922 357,190
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Grewal Gurveer
Director
Approved by the board on 9 August 2024
BEECH LANE DENTAL CARE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £ £
Goodwill:
Cost
At 1 April 2023 478,351
At 31 March 2024 478,351
Amortisation
At 1 April 2023 152,311
Provided during the year 21,765
At 31 March 2024 174,076
Net book value
At 31 March 2024 304,275
At 31 March 2023 326,040
Goodwill is being written off in equal annual instalments over its estimated economic life of 22 years.
4 Tangible fixed assets
Plant and machinery etc Plant and machinery etc
£ £
Cost
At 1 April 2023 199,949
Additions 121,818
At 31 March 2024 321,767
Depreciation
At 1 April 2023 169,809
Charge for the year 29,541
At 31 March 2024 199,350
Net book value
At 31 March 2024 122,417
At 31 March 2023 30,140
5 Debtors 2024 2023
£ £
Trade debtors 14,256 14,714
Gurveer Grewal Properties Ltd 439,000 -
Other debtors 4,500 4,500
457,756 19,214
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,735 -
Obligations under finance lease and hire purchase contracts 4,800 -
Trade creditors 22,794 21,638
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,045 103,973
Taxation and social security costs 76,118 81,620
Other creditors 117,056 162,594
239,548 369,825
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,515 -
Obligations under finance lease and hire purchase contracts 37,902 -
55,417 -
8 Other information
BEECH LANE DENTAL CARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
35 Beech Lane
Earley
Reading
England RG6 5PT
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