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Registered number: 07470769
The Harrow Dental Practice Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07470769
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 778,431 836,582
778,431 836,582
CURRENT ASSETS
Stocks 6 5,380 5,460
Debtors 7 970,035 817,226
Cash at bank and in hand 8,662 9,309
984,077 831,995
Creditors: Amounts Falling Due Within One Year 8 (520,740 ) (420,538 )
NET CURRENT ASSETS (LIABILITIES) 463,337 411,457
TOTAL ASSETS LESS CURRENT LIABILITIES 1,241,768 1,248,039
Creditors: Amounts Falling Due After More Than One Year 9 (301,162 ) (431,662 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (179,039 ) (158,061 )
NET ASSETS 761,567 658,316
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 761,467 658,216
SHAREHOLDERS' FUNDS 761,567 658,316
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Saleh Aria
Director
26/09/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Harrow Dental Practice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07470769 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIL
Plant & Machinery 15% WDV
Motor Vehicles 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2022: 25)
26 25
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 342,472
As at 31 December 2023 342,472
Amortisation
As at 1 January 2023 342,472
As at 31 December 2023 342,472
...CONTINUED
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Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 344,295 371,818 134,000 246,999
Additions - - - -
As at 31 December 2023 344,295 371,818 134,000 246,999
Depreciation
As at 1 January 2023 - 139,951 9,862 122,991
Provided during the period - 34,780 4,655 18,601
As at 31 December 2023 - 174,731 14,517 141,592
Net Book Value
As at 31 December 2023 344,295 197,087 119,483 105,407
As at 1 January 2023 344,295 231,867 124,138 124,008
Computer Equipment Total
£ £
Cost
As at 1 January 2023 21,554 1,118,666
Additions 2,031 2,031
As at 31 December 2023 23,585 1,120,697
Depreciation
As at 1 January 2023 9,280 282,084
Provided during the period 2,146 60,182
As at 31 December 2023 11,426 342,266
Net Book Value
As at 31 December 2023 12,159 778,431
As at 1 January 2023 12,274 836,582
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6. Stocks
2023 2022
£ £
Stock 5,380 5,460
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 157,084 157,084
Director's loan account 812,951 660,142
970,035 817,226
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 72,500 85,250
Trade creditors 66,227 73,626
Bank loans and overdrafts 58,000 58,000
Corporation tax 311,352 196,722
Other taxes and social security 12,661 6,940
520,740 420,538
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 193,495 265,995
Bank loans 107,667 165,667
301,162 431,662
10. Loans
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 58,000 58,000
58,000 58,000
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2023 2022
£ £
Amounts falling due between one and five years:
Bank loans 107,667 165,667
107,667 165,667
11. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 72,500 85,250
Later than one year and not later than five years 193,495 265,995
265,995 351,245
265,995 351,245
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
13. Related Party Disclosures
Included in the Other Debtors is an amount owed from the company director Dr S Aria totalling £812,951 (2021 - £660,142), no interest is to be charged.
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