1 April 2023 v2024.45.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP089430412023-04-012024-03-31089430412024-03-31089430412023-03-3108943041core:WithinOneYear2024-03-3108943041core:WithinOneYear2023-03-3108943041core:ShareCapital2024-03-3108943041core:ShareCapital2023-03-3108943041core:RetainedEarningsAccumulatedLosses2024-03-3108943041core:RetainedEarningsAccumulatedLosses2023-03-3108943041bus:Director12023-04-012024-03-3108943041bus:RegisteredOffice2023-04-012024-03-3108943041core:NetGoodwill2023-04-012024-03-3108943041core:PlantMachinery2023-04-012024-03-3108943041core:MotorVehicles2023-04-012024-03-31089430412022-04-012023-03-31089430412023-04-010894304112023-04-012024-03-3108943041countries:EnglandWales2023-04-012024-03-3108943041bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3108943041bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108943041bus:SmallEntities2023-04-012024-03-3108943041bus:AbridgedAccounts2023-04-012024-03-31
Company registration number:
08943041
Pabari Dental Clinics Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 March 2024
Pabari Dental Clinics Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Pabari Dental Clinics Limited
Year ended
31 March 2024
As described on the abridged statement of financial position, the Board of Directors of
Pabari Dental Clinics Limited
are responsible for the preparation of the
abridged financial statements
for the year ended
31 March 2024
, which comprise the income statement, statement of income and retained earnings, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Suresh Pabari
85 Farquhar Road
Edgbaston
Birmingham
West Midlands
B15 2QP
United Kingdom
Pabari Dental Clinics Limited
Abridged Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Intangible assets 5
82,824
 
91,105
 
Tangible assets 5
235,550
 
271,249
 
318,374
 
362,354
 
Current assets    
Stocks
17,192
 
12,712
 
Debtors
11,114
  -  
Cash at bank and in hand
29,813
 
37,918
 
58,119
 
50,630
 
Creditors: amounts falling due within one year
(145,213
)
(121,932
)
Net current liabilities
(87,094
)
(71,302
)
Total assets less current liabilities 231,280   291,052  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
231,180
 
290,952
 
Shareholders funds
231,280
 
291,052
 
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position for the year ended
31 March 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
18 August 2024
, and are signed on behalf of the board by:
A Pabari
Director
Company registration number:
08943041
Pabari Dental Clinics Limited
Notes to the Abridged Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
6 High Street
,
Amblecote
,
Stourbridge
,
DY8 4BX
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed ten years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
10% reducing balance
Motor vehicles
25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
14
).

5 Fixed assets

Intangible assetsTangible assetsTotal
£££
Cost      
At
1 April 2023
and
31 March 2024
165,634
 
428,192
  593,826  
Amortisation and depreciation      
At
1 April 2023
74,529
 
156,943
  231,472  
Charge
8,281
 
35,699
  43,980  
At
31 March 2024
82,810
 
192,642
  275,452  
Carrying amount      
At
31 March 2024
82,824
 
235,550
 
318,374
 
At 31 March 2023
91,105
 
271,249
 
362,354