11 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 950,000 736,250 95,000 831,250 118,750 213,750 xbrli:pure xbrli:shares iso4217:GBP 08040035 2023-04-01 2024-03-31 08040035 2024-03-31 08040035 2023-03-31 08040035 2022-04-01 2023-03-31 08040035 2023-03-31 08040035 2022-03-31 08040035 core:NetGoodwill 2023-04-01 2024-03-31 08040035 core:PlantMachinery 2023-04-01 2024-03-31 08040035 core:FurnitureFittings 2023-04-01 2024-03-31 08040035 bus:Director1 2023-04-01 2024-03-31 08040035 core:WithinOneYear 2024-03-31 08040035 core:WithinOneYear 2023-03-31 08040035 core:NetGoodwill 2023-03-31 08040035 core:NetGoodwill 2024-03-31 08040035 core:PlantMachinery 2023-03-31 08040035 core:FurnitureFittings 2023-03-31 08040035 core:PlantMachinery 2024-03-31 08040035 core:FurnitureFittings 2024-03-31 08040035 core:AfterOneYear 2024-03-31 08040035 core:AfterOneYear 2023-03-31 08040035 core:ShareCapital 2024-03-31 08040035 core:ShareCapital 2023-03-31 08040035 core:RetainedEarningsAccumulatedLosses 2024-03-31 08040035 core:RetainedEarningsAccumulatedLosses 2023-03-31 08040035 core:NetGoodwill 2023-03-31 08040035 core:PlantMachinery 2023-03-31 08040035 core:FurnitureFittings 2023-03-31 08040035 bus:Director1 2023-03-31 08040035 bus:Director1 2024-03-31 08040035 bus:Director1 2022-03-31 08040035 bus:Director1 2023-03-31 08040035 bus:Director1 2022-04-01 2023-03-31 08040035 bus:SmallEntities 2023-04-01 2024-03-31 08040035 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08040035 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08040035 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08040035 bus:FullAccounts 2023-04-01 2024-03-31 08040035 core:OfficeEquipment 2023-04-01 2024-03-31 08040035 core:OfficeEquipment 2024-03-31 08040035 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 08040035
YORKSHIRE SMILES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2024
YORKSHIRE SMILES LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Intangible assets
5
118,750
213,750
Tangible assets
6
14,431
18,038
----------
----------
133,181
231,788
CURRENT ASSETS
Stocks
4,631
3,987
Debtors
7
1,095,141
801,877
Cash at bank and in hand
58,090
102,887
-------------
----------
1,157,862
908,751
CREDITORS: amounts falling due within one year
8
178,288
196,174
-------------
----------
NET CURRENT ASSETS
979,574
712,577
-------------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,112,755
944,365
CREDITORS: amounts falling due after more than one year
9
12,500
19,167
PROVISIONS
3,607
3,427
-------------
----------
NET ASSETS
1,096,648
921,771
-------------
----------
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
1,095,648
920,771
-------------
----------
SHAREHOLDERS FUNDS
1,096,648
921,771
-------------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
YORKSHIRE SMILES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 4 November 2024 , and are signed on behalf of the board by:
Dr A Hussain
Director
Company registration number: 08040035
YORKSHIRE SMILES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Fulford Lodge, 1 Heslington Lane, York, YO10 4HW, England.
2. 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'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) 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.
(c) Revenue recognition
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 stage of completion.
(d) Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(e) Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
(f) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(g) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(h) Depreciation
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:
Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
Equipment
-
20% reducing balance
(i) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(j) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(k) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
(l) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
(m) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in 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.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 11 (2023: 12 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
950,000
----------
Amortisation
At 1 April 2023
736,250
Charge for the year
95,000
----------
At 31 March 2024
831,250
----------
Carrying amount
At 31 March 2024
118,750
----------
At 31 March 2023
213,750
----------
6. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
112,371
1,805
1,421
115,597
----------
-------
-------
----------
Depreciation
At 1 April 2023
96,375
466
718
97,559
Charge for the year
3,199
268
140
3,607
----------
-------
-------
----------
At 31 March 2024
99,574
734
858
101,166
----------
-------
-------
----------
Carrying amount
At 31 March 2024
12,797
1,071
563
14,431
----------
-------
-------
----------
At 31 March 2023
15,996
1,339
703
18,038
----------
-------
-------
----------
7. DEBTORS
2024
2023
£
£
Trade debtors
53,096
73,623
Corporation tax repayable
3,959
Other debtors
1,042,045
724,295
-------------
----------
1,095,141
801,877
-------------
----------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
13,333
Trade creditors
112,283
108,983
Amounts owed to group undertakings
40,651
40,000
Accruals and deferred income
( 2,137)
1,645
Social security and other taxes
14,916
20,460
Director loan accounts
2,575
11,753
----------
----------
178,288
196,174
----------
----------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
12,500
19,167
--------
--------
10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Dr A Hussain
11,753
( 54,178)
( 42,425)
--------
----
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Dr A Hussain
13,709
3,745
( 5,700)
11,754
--------
-------
-------
--------
11. RELATED PARTY TRANSACTIONS
During the year the directors made available loans to the company. At the year end, the balance of the loan owed by the Directors to the Company was £ 42,425 (2022: -£ 11,609 ).
12. CONTROLLING PARTY
The company is a wholly owned subsidiary of ASR Dental Care Limited, a company incorporated in England whose registered office address is Fulford Lodge, 1 Heslington Lane, York, England, YO10 4HW.