2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 194,000 194,000 145,500 145,500 48,500 xbrli:pure xbrli:shares iso4217:GBP 06543121 2023-04-01 2024-03-31 06543121 2024-03-31 06543121 2023-03-31 06543121 2022-04-01 2023-03-31 06543121 2023-03-31 06543121 2022-03-31 06543121 core:NetGoodwill 2023-04-01 2024-03-31 06543121 core:PlantMachinery 2023-04-01 2024-03-31 06543121 core:MotorVehicles 2023-04-01 2024-03-31 06543121 bus:Director1 2023-04-01 2024-03-31 06543121 core:WithinOneYear 2024-03-31 06543121 core:WithinOneYear 2023-03-31 06543121 core:NetGoodwill 2023-03-31 06543121 core:PlantMachinery 2023-03-31 06543121 core:MotorVehicles 2023-03-31 06543121 core:PlantMachinery 2024-03-31 06543121 core:MotorVehicles 2024-03-31 06543121 core:ShareCapital 2024-03-31 06543121 core:ShareCapital 2023-03-31 06543121 core:RetainedEarningsAccumulatedLosses 2024-03-31 06543121 core:RetainedEarningsAccumulatedLosses 2023-03-31 06543121 1 2023-04-01 2024-03-31 06543121 1 core:NetGoodwill 2023-04-01 2024-03-31 06543121 core:NetGoodwill 2023-03-31 06543121 core:PlantMachinery 2023-03-31 06543121 core:MotorVehicles 2023-03-31 06543121 bus:SmallEntities 2023-04-01 2024-03-31 06543121 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06543121 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06543121 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06543121 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 06543121
CARROLL DENTAL PRACTICE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2024
CARROLL DENTAL PRACTICE LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Intangible assets
5
48,500
Tangible assets
6
33,098
39,716
--------
--------
33,098
88,216
CURRENT ASSETS
Stocks
4,886
2,250
Debtors
7
301
Cash at bank and in hand
70,164
25,566
--------
--------
75,050
28,117
CREDITORS: amounts falling due within one year
8
( 86,122)
31,750
----------
--------
NET CURRENT ASSETS/(LIABILITIES)
161,172
( 3,633)
----------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
194,270
84,583
----------
--------
NET ASSETS
194,270
84,583
----------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
194,170
84,483
----------
--------
SHAREHOLDERS FUNDS
194,270
84,583
----------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CARROLL DENTAL PRACTICE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 4 November 2024 , and are signed on behalf of the board by:
Dr P D Carroll
Director
Company registration number: 06543121
CARROLL DENTAL PRACTICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Main Street, Shenstone, WS14 0LZ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standad applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year-end date is recognised by reference to the stage of completion.
(d) Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(e) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(g) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
(h) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(i) 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 stock to its present location and condition.
(j) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it liabilities.
(k) Defined contribution plans
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 April 2023
194,000
Additions
Disposals of previously acquired businesses
( 194,000)
----------
At 31 March 2024
----------
Amortisation
At 1 April 2023
145,500
Charge for the year
Disposals of previously acquired businesses
( 145,500)
----------
At 31 March 2024
----------
Carrying amount
At 31 March 2024
----------
At 31 March 2023
48,500
----------
6. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023
13,439
45,890
59,329
Additions
5,728
5,728
Disposals
( 4,893)
( 4,893)
--------
--------
--------
At 31 March 2024
14,274
45,890
60,164
--------
--------
--------
Depreciation
At 1 April 2023
8,140
11,473
19,613
Charge for the year
2,426
8,604
11,030
Disposals
( 3,577)
( 3,577)
--------
--------
--------
At 31 March 2024
6,989
20,077
27,066
--------
--------
--------
Carrying amount
At 31 March 2024
7,285
25,813
33,098
--------
--------
--------
At 31 March 2023
5,299
34,417
39,716
--------
--------
--------
7. DEBTORS
2024
2023
£
£
Trade debtors
301
----
----
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
855
15
Accruals and deferred income
8,897
7,333
Corporation tax
23,592
14,376
Directors current account
2,300
( 22,058)
Shenstone dental care limited
(121,766)
32,084
----------
--------
( 86,122)
31,750
----------
--------
9. RELATED PARTY TRANSACTIONS
During the year the director loaned the Company £ 2,299.59 (2023: £- 22,057.50 ). The loan incurred interest in line with the Bank of England rate was repayable upon demand.