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REGISTERED NUMBER: 07910078 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 May 2024

for

Maidstone Practice Limited

Maidstone Practice Limited (Registered number: 07910078)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maidstone Practice Limited

Company Information
for the Period 1 April 2023 to 31 May 2024







Directors: K Thakker
Dr S Jalal Jalali





Registered office: 39 Cardiff Road
Llandaff
Cardiff
South Glamorgan
CF5 2DP





Registered number: 07910078 (England and Wales)





Accountants: BYB Accountancy Ltd
Incorporated Financial Accountants
39 Cardiff Road
Llandaff
Cardiff
South Glamorgan
CF5 2DP

Maidstone Practice Limited (Registered number: 07910078)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 56,159 47,454

Current assets
Stocks 15,586 14,214
Debtors 5 407,302 253,441
Cash at bank 12,295 7,691
435,183 275,346
Creditors
Amounts falling due within one year 6 143,945 143,344
Net current assets 291,238 132,002
Total assets less current liabilities 347,397 179,456

Creditors
Amounts falling due after more than one
year

7

5,727

876
Net assets 341,670 178,580

Capital and reserves
Called up share capital 100 100
Share premium 297,427 297,427
Retained earnings 44,143 (118,947 )
341,670 178,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 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.

Maidstone Practice Limited (Registered number: 07910078)

Balance Sheet - continued
31 May 2024


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 4 September 2024 and were signed on its behalf by:





K Thakker - Director


Maidstone Practice Limited (Registered number: 07910078)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 May 2024

1. STATUTORY INFORMATION

Maidstone Practice 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 - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

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 period was 14 (2023 - 10 ) .

Maidstone Practice Limited (Registered number: 07910078)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 3,000 154,356 64,244 1,390 222,990
Additions 2,400 6,866 - 11,160 20,426
At 31 May 2024 5,400 161,222 64,244 12,550 243,416
Depreciation
At 1 April 2023 300 121,553 53,220 463 175,536
Charge for period 300 8,202 2,756 463 11,721
At 31 May 2024 600 129,755 55,976 926 187,257
Net book value
At 31 May 2024 4,800 31,467 8,268 11,624 56,159
At 31 March 2023 2,700 32,803 11,024 927 47,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,514 18,327
Amounts owed by group undertakings 367,762 -
Other debtors 21,026 235,114
407,302 253,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,040 25,370
Other creditors 112,905 117,974
143,945 143,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 5,727 876

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Company wrote off loans of £3,475 to Tooth Club London ltd which Mr K Thakkar is a director of.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Tooth club group Ltd.