Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-04-01truefalse7Dental practice activities7The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10076934 2023-04-01 2024-03-31 10076934 2024-03-31 10076934 2022-04-01 2023-03-31 10076934 2023-03-31 10076934 c:Director1 2023-04-01 2024-03-31 10076934 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 10076934 d:Buildings d:LongLeaseholdAssets 2024-03-31 10076934 d:Buildings d:LongLeaseholdAssets 2023-03-31 10076934 d:PlantMachinery 2023-04-01 2024-03-31 10076934 d:PlantMachinery 2024-03-31 10076934 d:PlantMachinery 2023-03-31 10076934 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10076934 d:FurnitureFittings 2023-04-01 2024-03-31 10076934 d:FurnitureFittings 2024-03-31 10076934 d:FurnitureFittings 2023-03-31 10076934 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10076934 d:ComputerEquipment 2023-04-01 2024-03-31 10076934 d:ComputerEquipment 2024-03-31 10076934 d:ComputerEquipment 2023-03-31 10076934 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10076934 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10076934 d:Goodwill 2023-04-01 2024-03-31 10076934 d:Goodwill 2024-03-31 10076934 d:Goodwill 2023-03-31 10076934 d:CurrentFinancialInstruments 2024-03-31 10076934 d:CurrentFinancialInstruments 2023-03-31 10076934 d:Non-currentFinancialInstruments 2024-03-31 10076934 d:Non-currentFinancialInstruments 2023-03-31 10076934 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10076934 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10076934 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10076934 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10076934 d:ShareCapital 2024-03-31 10076934 d:ShareCapital 2023-03-31 10076934 d:RetainedEarningsAccumulatedLosses 2024-03-31 10076934 d:RetainedEarningsAccumulatedLosses 2023-03-31 10076934 c:FRS102 2023-04-01 2024-03-31 10076934 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10076934 c:FullAccounts 2023-04-01 2024-03-31 10076934 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10076934 2 2023-04-01 2024-03-31 10076934 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10076934













Drayton Norwich Ltd

Financial statements
Information for filing with the registrar

31 March 2024




 
Drayton Norwich Ltd


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
37,835
52,483

Tangible assets
 5 
195,316
218,984

  
233,151
271,467

Current assets
  

Stocks
  
8,385
7,627

Debtors
 6 
8,128
7,025

Cash at bank and in hand
  
161,758
241,729

  
178,271
256,381

Creditors: amounts falling due within one year
 7 
(184,813)
(314,186)

Net current liabilities
  
 
 
(6,542)
 
 
(57,805)

Total assets less current liabilities
  
226,609
213,662

Creditors: amounts falling due after more than one year
 8 
(21,878)
(40,787)

Provisions for liabilities
  

Deferred tax
  
(37,345)
(43,126)

Net assets
  
167,386
129,749


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
167,286
129,649

Shareholders' funds
  
167,386
129,749

1

 
Drayton Norwich Ltd

    
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 2 October 2024.




Matthew David Clare
Director

Company registered number: 10076934
The notes on pages 3 to 7 form part of these financial statements. 
2

 
Drayton Norwich Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

The company is a private company limited by shares, incorporated and registered in England and Wales. The address of the registered office is The Old Rectory, Northorpe Road, Halton Holegate, Lincolnshire, PE23 5NZ, United Kingdom.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account 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

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

 
2.5

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.

3

 
Drayton Norwich Ltd
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Long-term leasehold property
-
2%
straight line
Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Computer equipment
-
20%
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023: 7).

4

 
Drayton Norwich Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
146,466



At 31 March 2024

146,466



Amortisation


At 1 April 2023
93,983


Charge for the year
14,647



At 31 March 2024

108,630



Net book value



At 31 March 2024
37,836



At 31 March 2023
52,483



5

 
Drayton Norwich Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
134,970
158,822
810
14,247
308,849


Additions
-
1,158
330
-
1,488



At 31 March 2024

134,970
159,980
1,140
14,247
310,337



Depreciation


At 1 April 2023
7,593
78,703
158
3,411
89,865


Charge for the year
2,699
20,151
139
2,167
25,156



At 31 March 2024

10,292
98,854
297
5,578
115,021



Net book value



At 31 March 2024
124,678
61,126
843
8,669
195,316



At 31 March 2023
127,377
80,119
652
10,836
218,984


6.


Debtors

2024
2023
£
£


Other debtors
5,000
7,025

Prepayments and accrued income
3,128
-

8,128
7,025


6

 
Drayton Norwich Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
10,698
35,956

Amounts owed to other participating interests
89,450
189,450

Corporation tax
20,981
27,171

Other taxation and social security
4,877
4,163

Obligations under finance lease and hire purchase contracts
18,633
18,357

Other creditors
7,074
-

Accruals and deferred income
33,100
39,089

184,813
314,186



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
21,878
40,787

21,878
40,787



9.


Related party transactions

The company is a 100% subsidiary of Lato Holdings Ltd, a company registered in England and Wales.
During the year the company operated an intercompany account with Lato Holdings Limited to record amounts due to and from the holding company. At 31 March 2024 the company owed Lato Holdings Ltd £93,673 (2023: £193,673).
During the year the company operated an intercompany account with Lincoln Orthodontics Limited to record amounts due to and from the company. At 31 March 2024 the company was owed £4,223 (2023: £4,223) by Lincoln Orthodontics Limited.

 
7