Company Registration No. 08646917 (England and Wales)
Rytec Dental Studio Limited
Unaudited accounts
for the year ended 30 November 2023
Rytec Dental Studio Limited
Unaudited accounts
Contents
Rytec Dental Studio Limited
Company Information
for the year ended 30 November 2023
Directors
Robin Sothcott
Yu He
Company Number
08646917 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
PO16 0EN
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Rytec Dental Studio Limited
Accountants' report
Accountants' report to the board of directors of Rytec Dental Studio Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Rytec Dental Studio Limited for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Rytec Dental Studio Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Rytec Dental Studio Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rytec Dental Studio Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rytec Dental Studio Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rytec Dental Studio Limited. You consider that Rytec Dental Studio Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rytec Dental Studio Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
7 August 2024
Rytec Dental Studio Limited
Statement of financial position
as at 30 November 2023
Intangible assets
4,000
6,000
Tangible assets
16,111
17,990
Cash at bank and in hand
13,279
23,650
Creditors: amounts falling due within one year
(33,434)
(44,038)
Net current assets
90,886
88,653
Net assets
110,997
112,643
Called up share capital
4
4
Profit and loss account
110,993
112,639
Shareholders' funds
110,997
112,643
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by
Yu He
Director
Company Registration No. 08646917
Rytec Dental Studio Limited
Notes to the Accounts
for the year ended 30 November 2023
Rytec Dental Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 08646917. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill 10 % straight line
4
Intangible fixed assets
Goodwill
At 30 November 2023
20,000
At 30 November 2023
16,000
Rytec Dental Studio Limited
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
36,492
599
37,091
At 30 November 2023
36,492
599
37,091
At 1 December 2022
19,037
64
19,101
Charge for the year
1,745
134
1,879
At 30 November 2023
20,782
198
20,980
At 30 November 2023
15,710
401
16,111
At 30 November 2022
17,455
535
17,990
Amounts falling due within one year
Amounts due from group undertakings etc.
111,041
109,041
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,487
11,622
Loans from directors
21,993
29,208
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(29,208)
(21,619)
(28,834)
(21,993)
(29,208)
(21,619)
(28,834)
(21,993)
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).