Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false119truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11836583 2023-04-01 2024-03-31 11836583 2022-04-01 2023-03-31 11836583 2024-03-31 11836583 2023-03-31 11836583 c:Director1 2023-04-01 2024-03-31 11836583 d:Buildings 2023-04-01 2024-03-31 11836583 d:Buildings 2024-03-31 11836583 d:Buildings 2023-03-31 11836583 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11836583 d:PlantMachinery 2023-04-01 2024-03-31 11836583 d:PlantMachinery 2024-03-31 11836583 d:PlantMachinery 2023-03-31 11836583 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11836583 d:OfficeEquipment 2023-04-01 2024-03-31 11836583 d:OfficeEquipment 2024-03-31 11836583 d:OfficeEquipment 2023-03-31 11836583 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11836583 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11836583 d:Goodwill 2023-04-01 2024-03-31 11836583 d:Goodwill 2024-03-31 11836583 d:Goodwill 2023-03-31 11836583 d:CurrentFinancialInstruments 2024-03-31 11836583 d:CurrentFinancialInstruments 2023-03-31 11836583 d:Non-currentFinancialInstruments 2024-03-31 11836583 d:Non-currentFinancialInstruments 2023-03-31 11836583 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11836583 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11836583 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11836583 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11836583 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11836583 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11836583 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11836583 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11836583 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 11836583 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11836583 d:ShareCapital 2024-03-31 11836583 d:ShareCapital 2023-03-31 11836583 d:RetainedEarningsAccumulatedLosses 2024-03-31 11836583 d:RetainedEarningsAccumulatedLosses 2023-03-31 11836583 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11836583 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11836583 c:FRS102 2023-04-01 2024-03-31 11836583 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11836583 c:FullAccounts 2023-04-01 2024-03-31 11836583 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11836583 2 2023-04-01 2024-03-31 11836583 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 11836583 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11836583









SIGNATURE SMILE TENBURY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SIGNATURE SMILE TENBURY LTD
REGISTERED NUMBER: 11836583

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
222,750
263,250

Tangible assets
 5 
463,776
211,870

  
686,526
475,120

Current assets
  

Debtors: amounts falling due within one year
 6 
61,753
35,197

Cash at bank and in hand
  
220,357
421,546

  
282,110
456,743

Creditors: amounts falling due within one year
 7 
(223,517)
(241,660)

Net current assets
  
 
 
58,593
 
 
215,083

Total assets less current liabilities
  
745,119
690,203

Creditors: amounts falling due after more than one year
 8 
(417,591)
(441,506)

Provisions for liabilities
  

Deferred tax
 10 
(61,936)
(16,043)

  
 
 
(61,936)
 
 
(16,043)

Net assets
  
265,592
232,654


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
265,492
232,554

  
265,592
232,654


Page 1

 
SIGNATURE SMILE TENBURY LTD
REGISTERED NUMBER: 11836583
    
BALANCE SHEET (CONTINUED)
AS 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 income and retained earnings 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 30 October 2024.




Vishal Pravin Patel
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 11836583.  The Company's registered office is Tenbury Dental Centre, 32 Teme Street, Tenbury Wells, Worcestershire, England, WR15 8AA.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash Flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Interest income

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

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 income and retained earnings 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.

Page 5

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
10%
Plant and machinery
-
10%
Office equipment
-
10%

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.

 
2.13

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

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.

Page 6

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 9).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
405,000



At 31 March 2024

405,000



Amortisation


At 1 April 2023
141,750


Charge for the year on owned assets
40,500



At 31 March 2024

182,250



Net book value



At 31 March 2024
222,750



At 31 March 2023
263,250



Page 7

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
170,949
20,312
38,580
229,841


Additions
171,596
38,501
81,176
291,273



At 31 March 2024

342,545
58,813
119,756
521,114



Depreciation


At 1 April 2023
4,352
4,019
9,600
17,971


Charge for the year on owned assets
21,511
5,881
11,975
39,367



At 31 March 2024

25,863
9,900
21,575
57,338



Net book value



At 31 March 2024
316,682
48,913
98,181
463,776



At 31 March 2023
166,597
16,293
28,980
211,870


6.


Debtors

2024
2023
£
£


Other debtors
61,753
35,197

61,753
35,197


Page 8

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
25,411
36,976

Trade creditors
22,203
3,045

Corporation tax
32,055
59,459

Other taxation and social security
2,494
1,174

Other creditors
137,322
136,974

Accruals and deferred income
4,032
4,032

223,517
241,660


The following liabilities were secured:

2024
2023
£
£



Bank loan
15,411
26,976

15,411
26,976

Details of security provided:

Bank loans are secured by fixed and floating charges in favour of Barclays Bank UK PLC over the assets owned by the company.

Page 9

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
417,591
441,506

417,591
441,506


The following liabilities were secured:

2024
2023
£
£



Bank loan
405,924
419,839

405,924
419,839

Details of security provided:

Bank loans are secured by fixed and floating charges in favour of Barclays Bank UK PLC over the assets owned by the company.

Page 10

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
25,411
36,976


25,411
36,976

Amounts falling due 1-2 years

Bank loans
25,411
36,976


25,411
36,976

Amounts falling due 2-5 years

Bank loans
1,667
11,667


1,667
11,667

Amounts falling due after more than 5 years

Bank loans
390,513
392,864

390,513
392,864

443,002
478,483


Page 11

 
SIGNATURE SMILE TENBURY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Deferred taxation




2024


£






At beginning of year
(16,043)


Charged to profit or loss
(45,893)



At end of year
(61,936)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(61,937)
(16,043)

(61,937)
(16,043)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £341 (2023: £182)  were owed to the fund at the balance sheet date.


12.


Related party transactions

As at the balance sheet date, £133,568 (2023: £124,022) was due to the director. This loan is interest free and repayable on demand.

 
Page 12