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REGISTERED NUMBER: 07814766 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HRS DENTALCARE LTD

HRS DENTALCARE LTD (REGISTERED NUMBER: 07814766)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HRS DENTALCARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Dr N M Harris
Mrs R J Harris





REGISTERED OFFICE: Westdene
2 Ebley Road
Stonehouse
Stroud
Gloucestershire
GL10 2LQ





REGISTERED NUMBER: 07814766 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

HRS DENTALCARE LTD (REGISTERED NUMBER: 07814766)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,227 37,155
57,227 37,155

CURRENT ASSETS
Stocks 23,500 23,517
Debtors 6 184,899 194,963
Cash at bank and in hand 211,300 164,755
419,699 383,235
CREDITORS
Amounts falling due within one year 7 197,401 181,117
NET CURRENT ASSETS 222,298 202,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,525

239,273

CREDITORS
Amounts falling due after more than one
year

8

(4,187

)

(12,147

)

PROVISIONS FOR LIABILITIES (13,754 ) (6,562 )
NET ASSETS 261,584 220,564

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 261,384 220,364
SHAREHOLDERS' FUNDS 261,584 220,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

HRS DENTALCARE LTD (REGISTERED NUMBER: 07814766)

BALANCE SHEET - continued
30 NOVEMBER 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 15 August 2024 and were signed on its behalf by:




Dr N M Harris - Director



Mrs R J Harris - Director


HRS DENTALCARE LTD (REGISTERED NUMBER: 07814766)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

HRS Dentalcare Ltd 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 the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents invoiced sales of services and goods and revenue is recognised at the point when treatment is completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% 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
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.


HRS DENTALCARE LTD (REGISTERED NUMBER: 07814766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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
Where assets are financed by leasing agreements that give rights approximating to ownership ("finance leases") the assets are treated as if they has been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation on leased assets is charged to the profit and loss account over the shorter of the lease terms and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

All other leases are treated as 'operating leases' and the relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term; unless they relate to vacant leasehold properties in which case provision is made on a discounted basis for the net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar charges.

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.

Going concern
The directors have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

HRS DENTALCARE LTD (REGISTERED NUMBER: 07814766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 436,339
AMORTISATION
At 1 December 2022
and 30 November 2023 436,339
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 182,091 10,892 50,081 243,064
Additions 34,223 4,124 4,653 43,000
At 30 November 2023 216,314 15,016 54,734 286,064
DEPRECIATION
At 1 December 2022 156,460 8,883 40,566 205,909
Charge for year 16,498 1,400 5,030 22,928
At 30 November 2023 172,958 10,283 45,596 228,837
NET BOOK VALUE
At 30 November 2023 43,356 4,733 9,138 57,227
At 30 November 2022 25,631 2,009 9,515 37,155

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 70,044
DEPRECIATION
At 1 December 2022 46,612
Charge for year 11,619
At 30 November 2023 58,231
NET BOOK VALUE
At 30 November 2023 11,813
At 30 November 2022 23,432

HRS DENTALCARE LTD (REGISTERED NUMBER: 07814766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,223
Other debtors 11,383 11,383
Directors' loan accounts 173,205 177,138
Prepayments 311 1,219
184,899 194,963

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,960 12,551
Payments on account 71,782 87,725
Trade creditors 13,589 9,685
Corporation Tax 67,049 36,109
Social security and other taxes 5,261 4,545
Net Wages Creditor 15,873 16,749
Pension Control 56 -
Other creditors 12,531 10,825
Accrued expenses 3,300 2,928
197,401 181,117

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 4,187 12,147

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 12,147 24,698

Hire purchase assets are secured on the individual assets financed.

10. OTHER FINANCIAL COMMITMENTS

The company had total lease commitments at the year end of £52,324 (2022: £4,915).

This includes a new lease for the premises that commenced during the year.

HRS DENTALCARE LTD (REGISTERED NUMBER: 07814766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

11. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Dr N M Harris and Mrs R J Harris
Balance outstanding at start of year 177,138 200,346
Amounts advanced 193,499 181,717
Amounts repaid (197,432 ) (204,925 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 173,205 177,138

Interest is being charged annually at a rate of 2.5% on the loan to Dr N M Harris and there are no set repayment terms.