Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05987826 Mr A J Blake Mr F J Gill Mrs D L Blake Miss C T Gill Mrs D L Blake iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05987826 2023-01-31 05987826 2024-01-31 05987826 2023-02-01 2024-01-31 05987826 frs-core:Non-currentFinancialInstruments 2024-01-31 05987826 frs-core:FurnitureFittings 2023-02-01 2024-01-31 05987826 frs-core:NetGoodwill 2023-02-01 2024-01-31 05987826 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05987826 frs-core:ShareCapital 2024-01-31 05987826 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05987826 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05987826 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 05987826 frs-bus:SmallEntities 2023-02-01 2024-01-31 05987826 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05987826 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05987826 frs-bus:Director1 2023-02-01 2024-01-31 05987826 frs-bus:Director1 2023-01-31 05987826 frs-bus:Director1 2024-01-31 05987826 frs-bus:Director2 2023-02-01 2024-01-31 05987826 frs-bus:Director2 2023-01-31 05987826 frs-bus:Director2 2024-01-31 05987826 frs-bus:Director3 2023-02-01 2024-01-31 05987826 frs-bus:Director4 2023-02-01 2024-01-31 05987826 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05987826 frs-countries:EnglandWales 2023-02-01 2024-01-31 05987826 2022-01-31 05987826 2023-01-31 05987826 2022-02-01 2023-01-31 05987826 frs-core:Non-currentFinancialInstruments 2023-01-31 05987826 frs-core:ShareCapital 2023-01-31 05987826 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05987826
South West Oral Health Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Hive Accountancy Ltd
The Innovation Centre
Treliske
Truro
Cornwall
TR1 3FF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 05987826
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 26,943 40,415
Tangible Assets 5 620,513 609,127
647,456 649,542
CURRENT ASSETS
Stocks 23,542 24,261
Debtors 90,262 106,160
Cash at bank and in hand 73,342 52,068
187,146 182,489
Creditors: Amounts Falling Due Within One Year (285,244 ) (254,113 )
NET CURRENT ASSETS (LIABILITIES) (98,098 ) (71,624 )
TOTAL ASSETS LESS CURRENT LIABILITIES 549,358 577,918
Creditors: Amounts Falling Due After More Than One Year (363,422 ) (416,304 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,030 ) (2,226 )
NET ASSETS 180,906 159,388
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 180,806 159,288
SHAREHOLDERS' FUNDS 180,906 159,388
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For the year ending 31 January 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 directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr A J Blake
Director
Mr F J Gill
Director
28 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
South West Oral Health Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05987826 . The registered office is 46 Lemon Street, Truro, Cornwall, TR1 2NS.
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 represents the total invoice value, excluding value added tax, of sales made during the period.
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
Fixtures & Fittings 15% Straight Line
2.5. 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.
2.6. Financial Instruments
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. 
Debt instruments that are payable and receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of trade debt deferred beyond the normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for the objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
For financial assets measured at amortised cost, the impairment loss is measured at the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
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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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
3. Average Number of Employees
Average number of employees during the year was as follows: 18 (2023: 18)
18 18
4. Intangible Assets
Total
£
Cost
As at 1 February 2023 244,956
As at 31 January 2024 244,956
Amortisation
As at 1 February 2023 204,541
Provided during the period 13,472
As at 31 January 2024 218,013
Net Book Value
As at 31 January 2024 26,943
As at 1 February 2023 40,415
5. Tangible Assets
Total
£
Cost
As at 1 February 2023 842,413
Additions 18,059
As at 31 January 2024 860,472
...CONTINUED
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Depreciation
As at 1 February 2023 233,286
Provided during the period 6,673
As at 31 January 2024 239,959
Net Book Value
As at 31 January 2024 620,513
As at 1 February 2023 609,127
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Adam Blake 10,663 15,389 (312 ) - 25,740
Mr Fergus Gill 10,630 19,338 (312 ) - 29,655
Interest is charged on loan balances above £10,000 at the HMRC approved interest rate.
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