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Company Registration No. 12118891 (England and Wales)
Oakley Road Dental Practice Limited Unaudited accounts for the year ended 31 March 2024
Oakley Road Dental Practice Limited Unaudited accounts Contents
Page
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Oakley Road Dental Practice Limited Company Information for the year ended 31 March 2024
Director
M Pittroff
Company Number
12118891 (England and Wales)
Registered Office
84 OAKLEY ROAD SOUTHAMPTON SO16 4LJ UNITED KINGDOM
Accountants
Flamingo Accounting Limited Unit 3 Northam Business Centre Princes Street Southampton United Kingdom SO14 5RP
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Oakley Road Dental Practice Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
294,520 
308,545 
Tangible assets
103,283 
129,703 
397,803 
438,248 
Current assets
Inventories
6,434 
5,249 
Debtors
3,441 
2,875 
Cash at bank and in hand
121,162 
53,535 
131,037 
61,659 
Creditors: amounts falling due within one year
(49,060)
(129,020)
Net current assets/(liabilities)
81,977 
(67,361)
Total assets less current liabilities
479,780 
370,887 
Creditors: amounts falling due after more than one year
(425,104)
(279,067)
Provisions for liabilities
Deferred tax
(1,476)
(1,197)
Net assets
53,200 
90,623 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
53,000 
90,423 
Shareholders' funds
53,200 
90,623 
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2024 and were signed on its behalf by
M Pittroff Director Company Registration No. 12118891
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Oakley Road Dental Practice Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Oakley Road Dental Practice Limited is a private company, limited by shares, registered in England and Wales, registration number 12118891. The registered office is 84 OAKLEY ROAD, SOUTHAMPTON, SO16 4LJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
over 5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Oakley Road Dental Practice Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
350,620 
At 31 March 2024
350,620 
Amortisation
At 1 April 2023
42,075 
Charge for the year
14,025 
At 31 March 2024
56,100 
Net book value
At 31 March 2024
294,520 
At 31 March 2023
308,545 
Goodwill is being written off in equal annual instalments over its estimated economic life of 25 years.
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
154,278 
43,640 
16,714 
214,632 
Additions
6,947 
- 
- 
6,947 
Disposals
- 
(43,640)
- 
(43,640)
At 31 March 2024
161,225 
- 
16,714 
177,939 
Depreciation
At 1 April 2023
51,696 
26,784 
6,449 
84,929 
Charge for the year
14,971 
(26,784)
1,540 
(10,273)
At 31 March 2024
66,667 
- 
7,989 
74,656 
Net book value
At 31 March 2024
94,558 
- 
8,725 
103,283 
At 31 March 2023
102,582 
16,856 
10,265 
129,703 
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Oakley Road Dental Practice Limited Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,101 
550 
Other debtors
1,340 
2,325 
3,441 
2,875 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
57,530 
41,086 
Obligations under finance leases and hire purchase contracts
- 
8,772 
Trade creditors
39,800 
21,448 
Taxes and social security
83,233 
33,672 
Other creditors
891 
707 
Loans from directors
(132,394)
23,335 
49,060 
129,020 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
425,104 
262,283 
Obligations under finance leases and hire purchase contracts
- 
16,784 
425,104 
279,067 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100 
100 
100 Ordinary B shares of £1 each
100 
100 
200 
200 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M Pittroff
Share purchase
- 
132,394 
- 
132,394 
- 
132,394 
- 
132,394 
11
Average number of employees
During the year the average number of employees was 8 (2023: 12).
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