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Registered Number: 07073666
England and Wales

 

 

 

BEN PEARSON LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Ben Pearson
Registered Number 07073666
Registered Office Suite G2 The Business Centre
Cardiff House Cardiff Road
Barry
Vale of Glamorgan
CF63 2AW
Secretary Rebekah Pearson
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2023
Principal activities
Principal activity of the company during the financial year was of the provision of oral and other healthcare services.
Statement of director's responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The report has been prepared having taken advance of the small companies exemption in the Companies Act 2006.
Director
The director who served the company throughout the year was as follows:
Ben Pearson (from 12/11/2009)

On behalf of the board.


----------------------------------
Ben Pearson
Director

Date approved: 24 July 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 10,125    30,375 
Tangible fixed assets 4 700,280    732,848 
710,405    763,223 
Current assets      
Stocks 5 8,372    9,836 
Debtors: amounts falling due within one year 6 22,770    20,231 
Debtors: amounts falling due after one year 7 1,670    8,972 
Cash at bank and in hand 155,199    90,604 
188,011    129,643 
Creditors: amount falling due within one year (106,899)   (62,083)
Net current assets 81,112    67,560 
 
Total assets less current liabilities 791,517    830,783 
Creditors: amount falling due after more than one year (673,378)   (748,268)
Accruals and deferred income (19,501)  
Provisions for liabilities 8 (31,179)   (31,332)
Net assets 67,459    51,183 
 

Capital and reserves
     
Called up share capital 9 104    104 
Profit and loss account 67,355    51,079 
Shareholders' funds 67,459    51,183 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The director has chosen to exercise the option in S444(1)(a) CA 2006 and file just the balance sheet.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small company's regime.

The financial statements were approved by the director on 24 July 2024 and were signed by:


-------------------------------
Ben Pearson
Director
3
General Information
Ben Pearson Ltd is a private company, limited by shares, registered in England and Wales, registration number 07073666, registration address Suite G2 The Business Centre, Cardiff House Cardiff Road, Barry, Vale of Glamorgan, CF63 2AW. The trading address of the company is Life Dental & Wellbeing, 31 Queen Street, Exeter, Devon, EX4 3SR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 4 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Reducing Balance
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Computer Equipment 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees



Average number of employees during the year was 21 (2022 : 19).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2023 450,000    450,000 
Additions  
Disposals  
At 31 December 2023 450,000    450,000 
Amortisation
At 01 January 2023 419,625    419,625 
Charge for year 20,250    20,250 
On disposals  
At 31 December 2023 439,875    439,875 
Net book values
At 31 December 2023 10,125    10,125 
At 31 December 2022 30,375    30,375 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2023 567,715    421,757    77,619    60,417    1,127,508 
Additions   4,518      1,965    6,483 
Disposals        
At 31 December 2023 567,715    426,275    77,619    62,382    1,133,991 
Depreciation
At 01 January 2023   309,166    51,937    33,557    394,660 
Charge for year   29,277    2,568    7,206    39,051 
On disposals        
At 31 December 2023   338,443    54,505    40,763    433,711 
Net book values
Closing balance as at 31 December 2023 567,715    87,832    23,114    21,619    700,280 
Opening balance as at 01 January 2023 567,715    112,591    25,682    26,860    732,848 


5.

Stocks

2023
£
  2022
£
Work in Progress 869    1,213 
Stocks 7,503    8,623 
8,372    9,836 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 22,770    20,231 
22,770    20,231 

7.

Debtors: amounts falling due after one year

2023
£
  2022
£
Other Debtors 1,670    8,972 
1,670    8,972 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 31,179    31,332 
31,179    31,332 

9.

Share Capital

Authorised
100 Class A shares of £1.00 each
4 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
4 Class A shares of £1.00 each  
104    104 

10.

Ultimate Controlling Party

The ultimate controlling party is Dr Ben Pearson and family.
11.

Floating and Fixed charges on the Company

The Company entered into a legal fixed charge against the commercial property on 18th July 2014 with the Royal Bank of Scotland PLC.

The Company entered into a fixed and floating charge covering all the property or undertakings on 16th July 2014 with the Royal Bank of Scotland PLC
4