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REGISTERED NUMBER: 09730705 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

MI Dental Care Limited

MI Dental Care Limited (Registered number: 09730705)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MI Dental Care Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr M Shukla
Ms E Shukla





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 09730705 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

MI Dental Care Limited (Registered number: 09730705)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,196,744 609,130

CURRENT ASSETS
Stocks 2,500 1,700
Debtors 5 193,411 91,815
Cash at bank and in hand 58,418 312,191
254,329 405,706
CREDITORS
Amounts falling due within one year 6 491,927 166,614
NET CURRENT (LIABILITIES)/ASSETS (237,598 ) 239,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

959,146

848,222

CREDITORS
Amounts falling due after more than one
year

7

(47,013

)

-

PROVISIONS FOR LIABILITIES (46,691 ) (36,447 )
NET ASSETS 865,442 811,775

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 865,342 811,675
SHAREHOLDERS' FUNDS 865,442 811,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

MI Dental Care Limited (Registered number: 09730705)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr M Shukla - Director


MI Dental Care Limited (Registered number: 09730705)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

MI Dental Care Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and not provided

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

MI Dental Care Limited (Registered number: 09730705)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 713,149
Additions 672,295
At 31 August 2023 1,385,444
DEPRECIATION
At 1 September 2022 104,019
Charge for year 84,681
At 31 August 2023 188,700
NET BOOK VALUE
At 31 August 2023 1,196,744
At 31 August 2022 609,130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 27,869 15,184
Other debtors 165,542 76,631
193,411 91,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 374,568 37,500
Hire purchase contracts 31,342 -
Trade creditors 38,430 100,660
Taxation and social security 42,187 25,754
Other creditors 5,400 2,700
491,927 166,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 47,013 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

MI Dental Care Limited (Registered number: 09730705)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. RESERVES
Retained
earnings
£   

At 1 September 2022 811,675
Profit for the year 130,298
Dividends (76,631 )
At 31 August 2023 865,342

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
Ms E Shukla
Balance outstanding at start of year 38,316 52,227
Amounts advanced 77,907 38,316
Amounts repaid (38,316 ) (52,227 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,907 38,316

Mr M Shukla
Balance outstanding at start of year 38,315 52,227
Amounts advanced 77,908 38,315
Amounts repaid (38,315 ) (52,227 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,908 38,315

Interest has been charged on the above loans at 2.5%.