2023-04-012024-03-312024-03-31false11462702ASR PRACTICE HOLDINGS 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ASR PRACTICE HOLDINGS LIMITED

Registered Number
11462702
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

ASR PRACTICE HOLDINGS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

HUSSAIN, Altaf
HUSSAIN, Sumera

Registered Address

The Crescent Dental & Implant Centre Asr Finance Office
The Crescent
Selby
YO8 4PE

Registered Number

11462702 (England and Wales)
ASR PRACTICE HOLDINGS LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3640,392640,392
Tangible assets4111,970-
752,362640,392
Current assets
Debtors53,388,9763,007,072
Cash at bank and on hand4,966267,894
3,393,9423,274,966
Creditors amounts falling due within one year6(586,797)(545,020)
Net current assets (liabilities)2,807,1452,729,946
Total assets less current liabilities3,559,5073,370,338
Creditors amounts falling due after one year7(350,171)(361,558)
Net assets3,209,3363,008,780
Capital and reserves
Called up share capital100100
Profit and loss account3,209,2363,008,680
Shareholders' funds3,209,3363,008,780
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2024, and are signed on its behalf by:
HUSSAIN, Altaf
Director
Registered Company No. 11462702
ASR PRACTICE HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Going concern
The UK economy has recently 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 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.
Revenue from sale of goods
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 state of completion.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 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:

Reducing balance (%)
Vehicles20
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
2.Average number of employees

20242023
Average number of employees during the year133
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 23640,392640,392
At 31 March 24640,392640,392
Net book value
At 31 March 24640,392640,392
At 31 March 23640,392640,392
4.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
Additions139,962139,962
At 31 March 24139,962139,962
Depreciation and impairment
Charge for year27,99227,992
At 31 March 2427,99227,992
Net book value
At 31 March 24111,970111,970
At 31 March 23--
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables177,655198,215
Other debtors3,211,3212,808,857
Total3,388,9763,007,072
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables71,483390,882
Bank borrowings and overdrafts15,89320,400
Amounts owed to related parties12,4251,137
Taxation and social security29,529129,001
Other creditors457,467-
Accrued liabilities and deferred income-3,600
Total586,797545,020
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts350,171361,558
Total350,171361,558