Company registration number 07734855 (England and Wales)
CAREDENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CAREDENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CAREDENT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
579,481
16,295
Current assets
Debtors
5
73,165
63,339
Cash at bank and in hand
28,098
23,426
101,263
86,765
Creditors: amounts falling due within one year
6
(767,156)
(296,790)
Net current liabilities
(665,893)
(210,025)
Net liabilities
(86,412)
(193,730)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(86,414)
(193,732)
Total equity
(86,412)
(193,730)
For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 24 September 2024 and are signed on its behalf by:
Mr Sukal Verma
Director
Company registration number 07734855 (England and Wales)
CAREDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Caredent Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Bilbrook Lane, Furzton, Milton Keynes, MK4 1LW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 4 years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
N/A
Leasehold land and buildings
at varying rates on cost
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
CAREDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
5
5
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
318,180
Amortisation and impairment
At 1 January 2023 and 31 December 2023
318,180
Carrying amount
At 31 December 2023
At 31 December 2022
4
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
£
Cost
At 1 January 2023
1,837
48,240
30,827
1,361
82,265
Additions
539,361
36,338
479
576,178
At 31 December 2023
539,361
1,837
84,578
31,306
1,361
658,443
Depreciation and impairment
At 1 January 2023
457
35,080
29,829
604
65,970
Depreciation charged in the year
59
12,375
369
189
12,992
At 31 December 2023
516
47,455
30,198
793
78,962
Carrying amount
At 31 December 2023
539,361
1,321
37,123
1,108
568
579,481
At 31 December 2022
1,380
13,160
998
757
16,295
CAREDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
73,165
63,339
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
665,850
196,719
Corporation tax
59,568
31,144
Other creditors
41,738
68,927
767,156
296,790