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REGISTERED NUMBER: 06388440 (England and Wales)








MANOR ROAD DENTAL PRACTICE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MANOR ROAD DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06388440)

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


MANOR ROAD DENTAL PRACTICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: C L Jones
K W Miles





Secretary: K W Miles





Registered office: 72 Manor Road
Manselton
Swansea
SA5 9PN





Registered number: 06388440 (England and Wales)





Accountants: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

MANOR ROAD DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06388440)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 - -
Tangible assets 6 129,828 170,944
129,828 170,944

Current assets
Stocks 13,380 10,815
Debtors 7 70,922 90,648
Cash at bank and in hand 174,788 228,302
259,090 329,765
Creditors
Amounts falling due within one year 8 122,201 148,550
Net current assets 136,889 181,215
Total assets less current liabilities 266,717 352,159

Creditors
Amounts falling due after more than one
year

9

(63,011

)

(71,010

)

Provisions for liabilities (14,062 ) (20,447 )
Net assets 189,644 260,702

Capital and reserves
Called up share capital 300 300
Retained earnings 189,344 260,402
Shareholders' funds 189,644 260,702

MANOR ROAD DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06388440)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:




C L Jones - Director



K W Miles - Director


MANOR ROAD DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06388440)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Manor Road Dental Practice Limited is a private company limited by shares incorporated in England and Wales. The registered office is 72 Manor Road, Manselton, Swansea, SA5 9PN.

Principle activity

The principal activity of the company continued to be that of general dental services.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for the provision of general dental services, to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date.

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.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost and 20% on cost

Stocks
Stock consists of dental materials and is valued at the lower of cost or net realisable value on a first in, first out basis.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks, other third parties and loans to related parties.


MANOR ROAD DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06388440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. Employees and directors

The average number of employees during the year was 14 (2023 - 14 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 205,027
Amortisation
At 1 April 2023
and 31 March 2024 205,027
Net book value
At 31 March 2024 -
At 31 March 2023 -

MANOR ROAD DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06388440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 April 2023 88,581 209,531 25,261
Additions - 4,682 460
At 31 March 2024 88,581 214,213 25,721
Depreciation
At 1 April 2023 48,243 164,481 19,540
Charge for year 6,284 17,078 2,087
At 31 March 2024 54,527 181,559 21,627
Net book value
At 31 March 2024 34,054 32,654 4,094
At 31 March 2023 40,338 45,050 5,721

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023 75,000 19,263 417,636
Additions - 1,021 6,163
At 31 March 2024 75,000 20,284 423,799
Depreciation
At 1 April 2023 1,875 12,553 246,692
Charge for year 18,750 3,080 47,279
At 31 March 2024 20,625 15,633 293,971
Net book value
At 31 March 2024 54,375 4,651 129,828
At 31 March 2023 73,125 6,710 170,944

MANOR ROAD DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06388440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. Debtors: amounts falling due within one year
2024 2023
£    £   
NHS fees 1,917 27,231
Patient charges 3,397 3,678
DPAS fees 2,959 -
Wages 895 -
Directors' current accounts 44,054 49,145
Prepayments 17,700 10,594
70,922 90,648

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 5,841 5,320
Trade creditors 12,830 23,197
Tax 41,303 52,021
Social security and other taxes 2,597 2,316
Pension payable 1,034 1,307
NHS clawback 35,294 -
Directors' loan accounts - 40,000
Deferred income 2,158 2,158
Accrued expenses 21,144 22,231
122,201 148,550

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 53,839 59,680
Deferred income 9,172 11,330
63,011 71,010

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 59,680 65,000

Net obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

11. Other financial commitments

The company had total other commitments at the balance sheet date of £159,676 (2023; £133,037).

MANOR ROAD DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 06388440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. Directors' advances, credits and guarantees

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

2024 2023
£    £   
C L Jones
Balance outstanding at start of year 41,471 29,023
Amounts advanced 141,633 143,176
Amounts repaid (139,382 ) (130,728 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,722 41,471

K W Miles
Balance outstanding at start of year 7,674 7,542
Amounts advanced 30,458 32,132
Amounts repaid (37,800 ) (32,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 332 7,674

The loan balances are included within debtors. These loans are unsecured, repayable on demand and interest has been charged at a rate of 2.00% and 2.25% of the actual outstanding loan balances due to the company during the year. The total interest charge was £836 (2023; £1,307).

The loan balances are due to be repaid within 9 months of the year end.