Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10098795 2023-04-01 2024-03-31 10098795 2022-04-01 2023-03-31 10098795 2024-03-31 10098795 2023-03-31 10098795 c:Director1 2023-04-01 2024-03-31 10098795 d:PlantMachinery 2023-04-01 2024-03-31 10098795 d:PlantMachinery 2024-03-31 10098795 d:PlantMachinery 2023-03-31 10098795 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10098795 d:ComputerEquipment 2023-04-01 2024-03-31 10098795 d:ComputerEquipment 2024-03-31 10098795 d:ComputerEquipment 2023-03-31 10098795 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10098795 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10098795 d:CurrentFinancialInstruments 2024-03-31 10098795 d:CurrentFinancialInstruments 2023-03-31 10098795 d:Non-currentFinancialInstruments 2024-03-31 10098795 d:Non-currentFinancialInstruments 2023-03-31 10098795 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10098795 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10098795 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10098795 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10098795 d:ShareCapital 2024-03-31 10098795 d:ShareCapital 2023-03-31 10098795 d:RetainedEarningsAccumulatedLosses 2024-03-31 10098795 d:RetainedEarningsAccumulatedLosses 2023-03-31 10098795 c:FRS102 2023-04-01 2024-03-31 10098795 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10098795 c:FullAccounts 2023-04-01 2024-03-31 10098795 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10098795 2 2023-04-01 2024-03-31 10098795 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10098795













Ethosdent Exeter Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
Ethosdent Exeter Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,910
13,213

  
9,910
13,213

Current assets
  

Stocks
  
51,275
55,018

Debtors
 5 
458,174
277,344

Cash at bank and in hand
  
172,833
222,115

  
682,282
554,477

Creditors: amounts falling due within one year
 6 
(99,877)
(83,298)

Net current assets
  
 
 
582,405
 
 
471,179

Total assets less current liabilities
  
592,315
484,392

Creditors: amounts falling due after more than one year
 7 
-
(4,541)

Provisions for liabilities
  

Deferred tax
  
(2,478)
(4,302)

Net assets
  
589,837
475,549


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
589,737
475,449

Shareholders' funds
  
589,837
475,549


1

 
Ethosdent Exeter Limited

    
Balance sheet (continued)
At 31 March 2024

The directors consider 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 directors acknowledge their 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 comprehensive income 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 25 October 2024.




G Price
Director

Registered number: 10098795
The notes on pages 3 to 7 form part of these financial statements. 

2

 
Ethosdent Exeter Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

Ethosdent Exeter Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of the registered office is 2nd Floor Citygate, St James' Boulevard, Newcastle upon Tyne, Tyne And Wear, NE1 4JE.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents private fees and capitation schemes income receivable during the period.

 
2.3

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 comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

3

 
Ethosdent Exeter Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

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.

4

 
Ethosdent Exeter Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is
5

 
Ethosdent Exeter Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.12

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 2 (2023 -2).


4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost


At 1 April 2023
19,808
2,001
21,809



At 31 March 2024

19,808
2,001
21,809



Depreciation


At 1 April 2023
7,788
808
8,596


Charge for the year
3,005
298
3,303



At 31 March 2024

10,793
1,106
11,899



Net book value



At 31 March 2024
9,015
895
9,910



At 31 March 2023
12,020
1,193
13,213

6

 
Ethosdent Exeter Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

5.


Debtors

2024
2023
£
£


Other debtors
458,174
277,344

458,174
277,344



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
-
4,177

Corporation tax
95,833
59,669

Other taxation and social security
-
(90)

Obligations under finance lease and hire purchase contracts
-
2,018

Other creditors
-
13,600

Accruals and deferred income
4,044
3,924

99,877
83,298



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
4,541

-
4,541


 
7