Company Registration No. 11043251 (England and Wales)
AB Dental Ltd
Unaudited accounts
for the year ended 30 November 2023
AB Dental Ltd
Unaudited accounts
Contents
AB Dental Ltd
Company Information
for the year ended 30 November 2023
Company Number
11043251 (England and Wales)
Registered Office
8 Penn Gardens
Chislehurst
BR7 5RY
United Kingdom
Accountants
MCC Partners
1a Saddington Street
Gravesend
Kent
DA12 1ED
AB Dental Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
253,249
299,781
Cash at bank and in hand
182,483
417,060
Creditors: amounts falling due within one year
(250,436)
(173,650)
Net current assets
412,547
260,910
Total assets less current liabilities
665,796
560,691
Creditors: amounts falling due after more than one year
(250,662)
(303,140)
Provisions for liabilities
Deferred tax
(40,636)
(47,834)
Net assets
374,498
209,717
Called up share capital
125
125
Profit and loss account
374,373
209,592
Shareholders' funds
374,498
209,717
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 director acknowledges his 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 and authorised for issue on 26 August 2024 and were signed on its behalf by
A Barfeie
Director
Company Registration No. 11043251
AB Dental Ltd
Notes to the Accounts
for the year ended 30 November 2023
AB Dental Ltd is a private company, limited by shares, registered in England and Wales, registration number 11043251. The registered office is 8 Penn Gardens, Chislehurst, BR7 5RY, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
20% Straight line
Fixtures & fittings
10% Straight line
Computer equipment
25% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
AB Dental Ltd
Notes to the Accounts
for the year ended 30 November 2023
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
78,782
87,856
187,515
9,368
363,521
Additions
7,455
-
2,800
1,498
11,753
At 30 November 2023
86,237
87,856
190,315
10,866
375,274
At 1 December 2022
28,879
8,300
23,430
3,131
63,740
Charge for the year
21,559
17,571
16,689
2,466
58,285
At 30 November 2023
50,438
25,871
40,119
5,597
122,025
At 30 November 2023
35,799
61,985
150,196
5,269
253,249
At 30 November 2022
49,903
79,556
164,085
6,237
299,781
Amounts falling due within one year
Amounts due from group undertakings etc.
463,000
-
Amounts falling due after more than one year
Accrued income and prepayments
17,500
17,500
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
29,731
28,176
Obligations under finance leases and hire purchase contracts
21,221
21,221
Trade creditors
33,786
43,177
Taxes and social security
85,176
23,363
Other creditors
11,158
19,608
Loans from directors
16,252
30,425
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
207,674
239,019
Obligations under finance leases and hire purchase contracts
42,988
64,121
AB Dental Ltd
Notes to the Accounts
for the year ended 30 November 2023
8
Average number of employees
During the year the average number of employees was 11 (2022: 7).