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REGISTERED NUMBER: 08022560 (England and Wales)















Finkle Hill Dental Care Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Finkle Hill Dental Care Limited (Registered number: 08022560)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Finkle Hill Dental Care Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C J Palmer
H L Palmer





REGISTERED OFFICE: 12c Finkle Hill
Sherburn in Elmet
North Yorkshire
LS25 6EA





REGISTERED NUMBER: 08022560 (England and Wales)





ACCOUNTANTS: Howard & Co. Accountants LLP
6 Market Street
Birstall
West Yorkshire
WF17 9EN

Finkle Hill Dental Care Limited (Registered number: 08022560)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 176,561 197,963
Tangible assets 5 455,650 531,371
632,211 729,334

CURRENT ASSETS
Stocks 15,851 1,697
Debtors 6 137,797 113,644
Cash at bank 56,607 39,653
210,255 154,994
CREDITORS
Amounts falling due within one year 7 214,361 194,363
NET CURRENT LIABILITIES (4,106 ) (39,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,105

689,965

CREDITORS
Amounts falling due after more than one year 8 (552,794 ) (633,313 )

PROVISIONS FOR LIABILITIES (74,904 ) (56,092 )
NET ASSETS 407 560

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 307 460
SHAREHOLDERS' FUNDS 407 560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Finkle Hill Dental Care Limited (Registered number: 08022560)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





C J Palmer - Director


Finkle Hill Dental Care Limited (Registered number: 08022560)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Finkle Hill Dental Care 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, recognised on the incorporation of the business in 2013, is being amortised evenly over its estimated useful life of 20 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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

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

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.

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.

Finkle Hill Dental Care Limited (Registered number: 08022560)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 428,033
AMORTISATION
At 1 April 2023 230,070
Charge for year 21,402
At 31 March 2024 251,472
NET BOOK VALUE
At 31 March 2024 176,561
At 31 March 2023 197,963

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 70,865 809,322 880,187
Additions - 5,680 5,680
At 31 March 2024 70,865 815,002 885,867
DEPRECIATION
At 1 April 2023 4,724 344,092 348,816
Charge for year 4,724 76,677 81,401
At 31 March 2024 9,448 420,769 430,217
NET BOOK VALUE
At 31 March 2024 61,417 394,233 455,650
At 31 March 2023 66,141 465,230 531,371

Finkle Hill Dental Care Limited (Registered number: 08022560)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,638 24,538
Other debtors 106,159 89,106
137,797 113,644

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,899 54,618
Hire purchase contracts 23,584 23,584
Trade creditors 56,852 99,149
Taxation and social security 19,167 13,743
Other creditors 58,859 3,269
214,361 194,363

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 504,936 561,871
Hire purchase contracts 47,858 71,442
552,794 633,313

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 288,546 309,565

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 71,442 95,026

The hire purchase contracts were secured upon the assets to which they relate.

Finkle Hill Dental Care Limited (Registered number: 08022560)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
C J Palmer
Balance outstanding at start of year 20,361 9,849
Amounts advanced 39,299 20,361
Amounts repaid (20,361 ) (9,849 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,299 20,361

H L Palmer
Balance outstanding at start of year 20,360 9,848
Amounts advanced 39,298 20,360
Amounts repaid (20,360 ) (9,848 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,298 20,360

Under the BBLS scheme the government provided a 100% guarantee. As at the balance sheet date, this represented a bank loan guarantee of £24,178 (2023: £33,177).