IRIS Accounts Production v24.2.0.383 11296764 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112967642022-12-31112967642023-12-31112967642023-01-012023-12-31112967642021-12-31112967642022-01-012022-12-31112967642022-12-3111296764ns15:EnglandWales2023-01-012023-12-3111296764ns14:PoundSterling2023-01-012023-12-3111296764ns10:Director12023-01-012023-12-3111296764ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111296764ns10:SmallEntities2023-01-012023-12-3111296764ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111296764ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111296764ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111296764ns10:FullAccounts2023-01-012023-12-3111296764ns10:RegisteredOffice2023-01-012023-12-3111296764ns5:CurrentFinancialInstruments2023-12-3111296764ns5:CurrentFinancialInstruments2022-12-3111296764ns5:ShareCapital2023-12-3111296764ns5:ShareCapital2022-12-3111296764ns5:RetainedEarningsAccumulatedLosses2023-12-3111296764ns5:RetainedEarningsAccumulatedLosses2022-12-3111296764ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111296764ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 11296764 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EXPERT ORAL CARE LIMITED

EXPERT ORAL CARE LIMITED (REGISTERED NUMBER: 11296764)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXPERT ORAL CARE LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: S J Larder





REGISTERED OFFICE: The Silk Mill
Colne Valley Road
Haverhill
CB9 8DT





REGISTERED NUMBER: 11296764 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

EXPERT ORAL CARE LIMITED (REGISTERED NUMBER: 11296764)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 18,408 17,524
Debtors 4 35,486 29,106
Cash at bank 543,007 364,340
596,901 410,970
CREDITORS
Amounts falling due within one year 5 (144,827 ) (188,977 )
NET CURRENT ASSETS 452,074 221,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,074

221,993

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 452,072 221,991
452,074 221,993

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





S J Larder - Director


EXPERT ORAL CARE LIMITED (REGISTERED NUMBER: 11296764)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Expert Oral Care Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11296764 and registered office address is The Silk Mill, Colne Valley Road, Haverhill, England, CB9 8DT.

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.

The presentation currency of the financial statements is Sterling (£).

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


EXPERT ORAL CARE LIMITED (REGISTERED NUMBER: 11296764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it related to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

(i) Current tax
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

(ii) Deferred tax
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when 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 tax rates and laws that have enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,486 29,106

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15,847 73,317
Taxation and social security 107,197 65,660
Other creditors 21,783 50,000
144,827 188,977

6. RELATED PARTY DISCLOSURES

During the year purchases were made from a company with common directorship amounting to £252,209 (2022: £312,602). At the year end £15,847 (2022: £116,317) was due to this company and is accounted for within trade and other creditors.