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REGISTERED NUMBER: 06550834















Unaudited Financial Statements for the Year Ended 29 September 2023

for

Grovefield Dental Surgery Limited

Grovefield Dental Surgery Limited (Registered number: 06550834)






Contents of the Financial Statements
for the Year Ended 29 September 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Grovefield Dental Surgery Limited

Company Information
for the Year Ended 29 September 2023







DIRECTOR: R B De Villiers





SECRETARY:





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 06550834





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Grovefield Dental Surgery Limited (Registered number: 06550834)

Balance Sheet
29 September 2023

29.9.23 29.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 104,363 80,029
Tangible assets 5 111,301 37,507
215,664 117,536

CURRENT ASSETS
Stocks 1,000 600
Debtors 6 312,574 285,819
Cash at bank 219,059 400,575
532,633 686,994
CREDITORS
Amounts falling due within one year 7 119,979 114,632
NET CURRENT ASSETS 412,654 572,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,318

689,898

CREDITORS
Amounts falling due after more than one
year

8

(235,107

)

(300,133

)

PROVISIONS FOR LIABILITIES (17,825 ) (3,805 )
NET ASSETS 375,386 385,960

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 375,384 385,958
SHAREHOLDERS' FUNDS 375,386 385,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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.

Grovefield Dental Surgery Limited (Registered number: 06550834)

Balance Sheet - continued
29 September 2023


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 director and authorised for issue on 25 September 2024 and were signed by:





R B De Villiers - Director


Grovefield Dental Surgery Limited (Registered number: 06550834)

Notes to the Financial Statements
for the Year Ended 29 September 2023

1. STATUTORY INFORMATION

Grovefield Dental Surgery Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill of £335,000 was purchased from the company's director on commencement of trading on 1st April 2008, having previously been acquired by the director, in his then capacity as a sole trader from an unrelated third party on 1st August 2003. Goodwill is amortised at 6.66% per annum, over 15 years, using the straight line method.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance

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 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 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.

Grovefield Dental Surgery Limited (Registered number: 06550834)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 September 2022 335,000
Additions 50,000
At 29 September 2023 385,000
AMORTISATION
At 30 September 2022 254,971
Charge for year 25,666
At 29 September 2023 280,637
NET BOOK VALUE
At 29 September 2023 104,363
At 29 September 2022 80,029

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 September 2022 142,894
Additions 97,249
At 29 September 2023 240,143
DEPRECIATION
At 30 September 2022 105,387
Charge for year 23,455
At 29 September 2023 128,842
NET BOOK VALUE
At 29 September 2023 111,301
At 29 September 2022 37,507

Grovefield Dental Surgery Limited (Registered number: 06550834)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 29.9.22
£    £   
Other debtors 312,574 285,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 29.9.22
£    £   
Bank loans and overdrafts 67,000 67,000
Trade creditors 10,088 4,531
Taxation and social security 23,915 26,459
Other creditors 18,976 16,642
119,979 114,632

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.9.23 29.9.22
£    £   
Bank loans 235,107 300,133

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.9.23 29.9.22
value: £    £   
2 Ordinary £1 2 2

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Directors loans outstanding at the year end are valued at £168,569 (2022: £162,462). Where applicable, interest has been charged at a rate approved by the UK tax authority.

11. RELATED PARTY DISCLOSURES

This company has associated companies under common control, Norwich Dental Implant Centre Limited, Golden Triangle Dental Limited and Treetops Dental Practice Limited.