Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01truefalsedental practice activities2320trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06466575 2023-04-01 2024-03-31 06466575 2024-03-31 06466575 2022-04-01 2023-03-31 06466575 2023-03-31 06466575 c:Director1 2023-04-01 2024-03-31 06466575 d:PlantMachinery 2023-04-01 2024-03-31 06466575 d:PlantMachinery 2024-03-31 06466575 d:PlantMachinery 2023-03-31 06466575 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06466575 d:FurnitureFittings 2023-04-01 2024-03-31 06466575 d:FurnitureFittings 2024-03-31 06466575 d:FurnitureFittings 2023-03-31 06466575 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06466575 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06466575 d:Goodwill 2023-04-01 2024-03-31 06466575 d:Goodwill 2024-03-31 06466575 d:Goodwill 2023-03-31 06466575 d:CurrentFinancialInstruments 2024-03-31 06466575 d:CurrentFinancialInstruments 2023-03-31 06466575 d:Non-currentFinancialInstruments 2024-03-31 06466575 d:Non-currentFinancialInstruments 2023-03-31 06466575 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06466575 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06466575 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06466575 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06466575 d:ShareCapital 2024-03-31 06466575 d:ShareCapital 2023-03-31 06466575 d:RetainedEarningsAccumulatedLosses 2024-03-31 06466575 d:RetainedEarningsAccumulatedLosses 2023-03-31 06466575 c:FRS102 2023-04-01 2024-03-31 06466575 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06466575 c:FullAccounts 2023-04-01 2024-03-31 06466575 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06466575 2 2023-04-01 2024-03-31 06466575 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 06466575













The Langley Dental Group Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
The Langley Dental Group Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
275,149
361,960

Tangible assets
 5 
211,999
253,364

  
487,148
615,324

Current assets
  

Stocks
  
20,000
20,000

Debtors
 6 
790,123
450,575

Cash at bank and in hand
  
420,354
325,612

  
1,230,477
796,187

Creditors: amounts falling due within one year
 7 
(312,842)
(299,113)

Net current assets
  
 
 
917,635
 
 
497,074

Total assets less current liabilities
  
1,404,783
1,112,398

Creditors: amounts falling due after more than one year
 8 
(15,017)
(47,087)

Provisions for liabilities
  

Deferred tax
  
(52,621)
(62,868)

Net assets
  
1,337,145
1,002,443


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
1,337,135
1,002,433

Shareholders' funds
  
1,337,145
1,002,443


1

 
The Langley Dental Group Limited

    
Balance sheet (continued)
At 31 March 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.




T Drabu
Director

Registered number: 06466575
The notes on pages 3 to 8 form part of these financial statements. 

2

 
The Langley Dental Group Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

The Langley Dental Group Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The registered office is 215-215a Wood Street, Manchester, Lancashire, M24 5RU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss accounts represents dental fee income receivable during the period.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3

 
The Langley Dental Group Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance / 33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

4

 
The Langley Dental Group Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the 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.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is
5

 
The Langley Dental Group Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 20).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
868,114



At 31 March 2024

868,114



Amortisation


At 1 April 2023
506,154


Charge for the year
86,811



At 31 March 2024

592,965



Net book value



At 31 March 2024
275,149



At 31 March 2023
361,960



6

 
The Langley Dental Group Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2023
362,231
182,875
545,106



At 31 March 2024

362,231
182,875
545,106



Depreciation


At 1 April 2023
165,508
126,233
291,741


Charge for the year
29,508
11,858
41,366



At 31 March 2024

195,016
138,091
333,107



Net book value



At 31 March 2024
167,215
44,784
211,999



At 31 March 2023
196,722
56,642
253,364


6.


Debtors

2024
2023
£
£


Trade debtors
143,276
115,346

Other debtors
626,266
307,479

Prepayments and accrued income
20,581
27,750

790,123
450,575


7

 
The Langley Dental Group Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
94,440
130,917

Corporation tax
153,014
52,856

Other taxation and social security
4,385
27,258

Obligations under finance lease and hire purchase contracts
32,068
32,068

Other creditors
17,659
47,238

Accruals and deferred income
11,276
8,776

312,842
299,113



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
15,017
47,087

15,017
47,087


8