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REGISTERED NUMBER: 12268995 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ST PETER'S AVENUE DENTAL PRACTICE
LIMITED

ST PETER'S AVENUE DENTAL PRACTICE
LIMITED (REGISTERED NUMBER: 12268995)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ST PETER'S AVENUE DENTAL PRACTICE
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Dr R J Sullivan





REGISTERED OFFICE: 68 St Peter's Avenue
Cleethorpes
DN35 8HP





REGISTERED NUMBER: 12268995 (England and Wales)





ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL

ST PETER'S AVENUE DENTAL PRACTICE
LIMITED (REGISTERED NUMBER: 12268995)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 193,200 225,400
Tangible assets 5 52,840 55,739
246,040 281,139

CURRENT ASSETS
Stocks 27,567 24,130
Debtors 30,850 32,948
Cash at bank 37,733 44,914
96,150 101,992
CREDITORS
Amounts falling due within one year 94,066 79,228
NET CURRENT ASSETS 2,084 22,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,124

303,903

CREDITORS
Amounts falling due after more than one
year

(115,021

)

(148,858

)

PROVISIONS FOR LIABILITIES (12,456 ) (12,846 )
NET ASSETS 120,647 142,199

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 100 100
Profit and loss account 120,547 142,099
120,647 142,199

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 her 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.

ST PETER'S AVENUE DENTAL PRACTICE
LIMITED (REGISTERED NUMBER: 12268995)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





Dr R J Sullivan - Director


ST PETER'S AVENUE DENTAL PRACTICE
LIMITED (REGISTERED NUMBER: 12268995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

St Peter'S Avenue Dental 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.

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


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% Straight Line
Motor vehicles - 25% Straight Line
Computer equipment - 25% Straight Line

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 Statement of Income and Retained Earnings, 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.

ST PETER'S AVENUE DENTAL PRACTICE
LIMITED (REGISTERED NUMBER: 12268995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 322,000
AMORTISATION
At 1 January 2023 96,600
Amortisation for year 32,200
At 31 December 2023 128,800
NET BOOK VALUE

At 31 December 2023 193,200
At 31 December 2022 225,400

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 85,085
Additions 22,032
At 31 December 2023 107,117
DEPRECIATION
At 1 January 2023 29,346
Charge for year 24,931
At 31 December 2023 54,277
NET BOOK VALUE
At 31 December 2023 52,840
At 31 December 2022 55,739

ST PETER'S AVENUE DENTAL PRACTICE
LIMITED (REGISTERED NUMBER: 12268995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023
and 31 December 2023 36,768
DEPRECIATION
At 1 January 2023 13,826
Charge for year 9,192
At 31 December 2023 23,018
NET BOOK VALUE
At 31 December 2023 13,750
At 31 December 2022 22,942

6. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 12,368 16,751