Registered number
12484233
Forever Young Dental & Aesthetics Ltd
Unaudited Filleted Accounts
28 February 2023
Forever Young Dental & Aesthetics Ltd
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Chartered Accountants' report 3
Balance sheet 4
Notes to the accounts 5
Forever Young Dental & Aesthetics Ltd
Company Information
Directors
Mrs N J H Coombs
Ms R Lemmon (resigned 20 June 2023, appointed 6 March 2024)
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Registered office
73B Windy Alley
The High Street
Lee on the Solent
Hampshire
PO13 9BU
Registered number
12484233
Forever Young Dental & Aesthetics Ltd
Registered number: 12484233
Directors' Report
The directors present their report and accounts for the year ended 28 February 2023.
Principal activities
The company's principal activity during the year continued to be that of providing dental and aesthetics services.
Directors
The following persons served as directors during the year:
Mrs N J H Coombs
Ms R Lemmon (resigned 20 June 2023, appointed 6 March 2024)
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 16 August 2024 and signed on its behalf.
Mrs N J H Coombs
Director
Forever Young Dental & Aesthetics Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Forever Young Dental & Aesthetics Ltd for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Forever Young Dental & Aesthetics Ltd for the year ended 28 February 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
16 August 2024
Forever Young Dental & Aesthetics Ltd
Registered number: 12484233
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 22,940 32,065
Investments 4 903 903
23,843 32,968
Current assets
Stocks 1,500 1,500
Cash at bank and in hand 1,368 2,351
2,868 3,851
Creditors: amounts falling due within one year 5 (65,242) (1,185)
Net current (liabilities)/assets (62,374) 2,666
Total assets less current liabilities (38,531) 35,634
Creditors: amounts falling due after more than one year 6 - (55,961)
Net liabilities (38,531) (20,327)
Capital and reserves
Called up share capital 100 100
Profit and loss account (38,631) (20,427)
Shareholders' funds (38,531) (20,327)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs R Lemmon
Director
Approved by the board on 16 August 2024
Forever Young Dental & Aesthetics Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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:
Leasehold land and buildings over 5 years
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 2,391 43,237 45,628
At 28 February 2023 2,391 43,237 45,628
Depreciation
At 1 March 2022 877 12,686 13,563
Charge for the year 478 8,647 9,125
At 28 February 2023 1,355 21,333 22,688
Net book value
At 28 February 2023 1,036 21,904 22,940
At 28 February 2022 1,514 30,551 32,065
4 Investments
Other
investments
£
Cost
At 1 March 2022 903
At 28 February 2023 903
Historical cost
At 1 March 2022 903
At 28 February 2023 903
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 64,926 10,865
Other creditors 316 (9,680)
65,242 1,185
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 55,961
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years - 12,500
Secured bank loans 19,926 21,826
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs N J H Coombs
DCA 6,599 4,822 (11,421) -
Ms R Lemmon (resigned 20 June 2023, appointed 6 March 2024)
DCA 5,001 8,629 (13,630) -
11,600 13,451 (25,051) -
9 Other information
Forever Young Dental & Aesthetics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
73B Windy Alley
The High Street
Lee on the Solent
Hampshire
PO13 9BU
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