Registered number
07200487
The Angel Dental Practice Limited
Filleted Accounts
31 March 2024
The Angel Dental Practice Limited
Registered number: 07200487
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 204,000 238,000
Tangible assets 4 134,828 82,862
338,828 320,862
Current assets
Debtors 5 60,849 45,527
Cash at bank and in hand 1,683,491 1,465,968
1,744,340 1,511,495
Creditors: amounts falling due within one year 6 (131,183) (119,375)
Net current assets 1,613,157 1,392,120
Total assets less current liabilities 1,951,985 1,712,982
Creditors: amounts falling due after more than one year 7 (45,106) -
Provisions for liabilities (32,870) (14,968)
Net assets 1,874,009 1,698,014
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,874,008 1,698,013
Shareholder's funds 1,874,009 1,698,014
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 Gillian Palmer
Director
Approved by the board on 20 August 2024
The Angel Dental Practice 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 and fittings 10% on reducing balance
Plant and machinery 25% on reducing balance
Computer equipment 25% on reducing balance
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.
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 15 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 680,000
At 31 March 2024 680,000
Amortisation
At 1 April 2023 442,000
Provided during the year 34,000
At 31 March 2024 476,000
Net book value
At 31 March 2024 204,000
At 31 March 2023 238,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Equipment, fixtures and fittings Plant and machinery etc Computer equipment Total
£ £ £ £
Cost
At 1 April 2023 189,849 9,726 42,696 242,271
Additions 67,591 - - 67,591
At 31 March 2024 257,440 9,726 42,696 309,862
Depreciation
At 1 April 2023 110,849 9,179 39,381 159,409
Charge for the year 14,659 137 829 15,625
At 31 March 2024 125,508 9,316 40,210 175,034
Net book value
At 31 March 2024 131,932 410 2,486 134,828
At 31 March 2023 79,000 547 3,315 82,862
5 Debtors 2024 2023
£ £
Trade debtors 51,773 45,527
Other debtors 9,076 -
60,849 45,527
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 11,220 -
Trade creditors 14,808 17,254
Taxation and social security costs 87,199 85,869
Other creditors 17,956 16,252
131,183 119,375
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 45,106 -
8 Other information
The Angel Dental Practice Limited is a private company limited by shares and incorporated in England. Its registered office is:
91 Fore Street
London
England
N18 2TW
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