Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 09608755 Mr I A MOHAMMAD iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09608755 2022-09-30 09608755 2023-09-30 09608755 2022-10-01 2023-09-30 09608755 frs-core:Non-currentFinancialInstruments 2023-09-30 09608755 frs-core:NetGoodwill 2022-10-01 2023-09-30 09608755 frs-core:PlantMachinery 2022-10-01 2023-09-30 09608755 frs-core:ShareCapital 2023-09-30 09608755 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 09608755 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09608755 frs-bus:AbridgedAccounts 2022-10-01 2023-09-30 09608755 frs-bus:SmallEntities 2022-10-01 2023-09-30 09608755 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 09608755 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 09608755 frs-bus:Director1 2022-10-01 2023-09-30 09608755 frs-bus:Director1 2022-09-30 09608755 frs-bus:Director1 2023-09-30 09608755 frs-countries:EnglandWales 2022-10-01 2023-09-30 09608755 2021-09-30 09608755 2022-09-30 09608755 2021-10-01 2022-09-30 09608755 frs-core:Non-currentFinancialInstruments 2022-09-30 09608755 frs-core:ShareCapital 2022-09-30 09608755 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 09608755
Implant&Dental Practices UK Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2023
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: 09608755
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,799 108,552
Tangible Assets 5 14,861 19,815
115,660 128,367
CURRENT ASSETS
Stocks 5,500 21,000
Debtors 417,102 268,568
Cash at bank and in hand 135 46
422,737 289,614
Creditors: Amounts Falling Due Within One Year (233,253 ) (152,540 )
NET CURRENT ASSETS (LIABILITIES) 189,484 137,074
TOTAL ASSETS LESS CURRENT LIABILITIES 305,144 265,441
Creditors: Amounts Falling Due After More Than One Year (50,032 ) (17,532 )
NET ASSETS 255,112 247,909
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 255,110 247,907
SHAREHOLDERS' FUNDS 255,112 247,909
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For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 30 September 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr I A MOHAMMAD
Director
5 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Implant&Dental Practices UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09608755 . The registered office is 25 Rodney Street, Liverpool, L1 9EH.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 20 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:
Plant & Machinery 25% reducing balance
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.
2.8. 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.
Cash and cash equivalents are shown net of bank overdrafts that are repayable on demand.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
4. Intangible Assets
Total
£
Cost
As at 1 October 2022 155,070
As at 30 September 2023 155,070
Amortisation
As at 1 October 2022 46,518
Provided during the period 7,753
As at 30 September 2023 54,271
Net Book Value
As at 30 September 2023 100,799
As at 1 October 2022 108,552
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5. Tangible Assets
Total
£
Cost
As at 1 October 2022 40,991
As at 30 September 2023 40,991
Depreciation
As at 1 October 2022 21,176
Provided during the period 4,954
As at 30 September 2023 26,130
Net Book Value
As at 30 September 2023 14,861
As at 1 October 2022 19,815
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 30 September 2023
£ £ £ £ £
Mr IMTIAZ MOHAMMAD 196,388 426,642 327,227 - 295,803
The above loan is unsecured, interest is charged at the HMRC approved rate.
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