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REGISTERED NUMBER: 06219895 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Cudworth Dental Surgery Limited

Cudworth Dental Surgery Limited (Registered number: 06219895)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cudworth Dental Surgery Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A T Lloyd
Mrs L Lloyd





SECRETARY: A T Lloyd





REGISTERED OFFICE: 260 Barnsley Road
Cudworth
Barnsley
S72 8SU





REGISTERED NUMBER: 06219895 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Cudworth Dental Surgery Limited (Registered number: 06219895)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 305,347 312,226
305,347 312,226

CURRENT ASSETS
Stocks 41,284 37,318
Debtors 6 479,498 409,996
Cash at bank and in hand 18,940 78,538
539,722 525,852
CREDITORS
Amounts falling due within one year 7 430,164 147,795
NET CURRENT ASSETS 109,558 378,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,905

690,283

CREDITORS
Amounts falling due after more than one year 8 (162,189 ) (336,379 )

PROVISIONS FOR LIABILITIES (74,242 ) (53,529 )
NET ASSETS 178,474 300,375

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,374 300,275
SHAREHOLDERS' FUNDS 178,474 300,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cudworth Dental Surgery Limited (Registered number: 06219895)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





A T Lloyd - Director


Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cudworth Dental Surgery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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:

Sale of Goods
Revenue from the sale of goods is recognised when:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 22 ) .

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 267,501
AMORTISATION
At 1 April 2023
and 31 March 2024 267,501
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 334,822 384,324 5,044 40,978 765,168
Additions 20,692 34,841 - 6,061 61,594
Disposals - (10,885 ) - - (10,885 )
At 31 March 2024 355,514 408,280 5,044 47,039 815,877
DEPRECIATION
At 1 April 2023 126,956 285,200 1,723 39,063 452,942
Charge for year 28,872 26,493 1,009 3,935 60,309
Eliminated on disposal - (2,721 ) - - (2,721 )
At 31 March 2024 155,828 308,972 2,732 42,998 510,530
NET BOOK VALUE
At 31 March 2024 199,686 99,308 2,312 4,041 305,347
At 31 March 2023 207,866 99,124 3,321 1,915 312,226

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 41,700
Additions 20,080
At 31 March 2024 61,780
DEPRECIATION
At 1 April 2023 18,244
Charge for year 5,864
At 31 March 2024 24,108
NET BOOK VALUE
At 31 March 2024 37,672
At 31 March 2023 23,456

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 479,498 409,996

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 181,324 34,387
Hire purchase contracts (see note 9) 13,220 8,266
Trade creditors 63,341 53,525
Taxation and social security 44,324 22,395
Other creditors 127,955 29,222
430,164 147,795

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 137,369 317,377
Hire purchase contracts (see note 9) 24,820 19,002
162,189 336,379

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 76,912 90,775

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 13,220 8,266
Between one and five years 24,820 19,002
38,040 27,268

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 39,192 39,192
Between one and five years 78,384 117,576
117,576 156,768

10. SECURED DEBTS

Santander PLC has a fixed and floating charge which covers all of the property or undertaking of the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A T Lloyd and Mrs L Lloyd
Balance outstanding at start of year 146,135 185,700
Amounts advanced 216,934 156,435
Amounts repaid (276,000 ) (196,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,069 146,135

Cudworth Dental Surgery Limited (Registered number: 06219895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

This is repayable on demand. Interest has been charged at the official rate.


The Santander Plc bank loan is guaranteed by Mr A Lloyd and Mrs L Lloyd, directors and shareholders of the company.