Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-27true2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14830886 2023-04-26 14830886 2023-04-27 2024-03-31 14830886 2022-03-31 2023-04-26 14830886 2024-03-31 14830886 c:Director1 2023-04-27 2024-03-31 14830886 c:Director2 2023-04-27 2024-03-31 14830886 d:PlantMachinery 2023-04-27 2024-03-31 14830886 d:PlantMachinery 2024-03-31 14830886 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-27 2024-03-31 14830886 d:CurrentFinancialInstruments 2024-03-31 14830886 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14830886 d:ShareCapital 2023-04-27 2024-03-31 14830886 d:ShareCapital 2024-03-31 14830886 d:RetainedEarningsAccumulatedLosses 2023-04-27 2024-03-31 14830886 d:RetainedEarningsAccumulatedLosses 2024-03-31 14830886 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 14830886 c:FRS102 2023-04-27 2024-03-31 14830886 c:AuditExempt-NoAccountantsReport 2023-04-27 2024-03-31 14830886 c:FullAccounts 2023-04-27 2024-03-31 14830886 c:PrivateLimitedCompanyLtd 2023-04-27 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14830886









ELITE DENTAL SMILES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
ELITE DENTAL SMILES LIMITED
REGISTERED NUMBER: 14830886

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
  
869

  
869

Current assets
  

Stocks
  
2,800

Debtors: amounts falling due within one year
 5 
6,512

Cash at bank and in hand
 6 
44,554

  
53,866

Creditors: amounts falling due within one year
 7 
(20,588)

Net current assets
  
 
 
33,278

Total assets less current liabilities
  
34,147

  

Net assets
  
34,147


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
34,047

  
34,147


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 18 April 2024.



Page 1

 
ELITE DENTAL SMILES LIMITED
REGISTERED NUMBER: 14830886
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Esther Sillett
Garry Sillett
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
ELITE DENTAL SMILES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
55,068
55,068


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
55,068
55,068


Contributions by and distributions to owners

Dividends: Equity capital
-
(21,021)
(21,021)

Shares issued during the period
100
-
100


Total transactions with owners
100
(21,021)
(20,921)


At 31 March 2024
100
34,047
34,147

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
ELITE DENTAL SMILES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The registered office is 31-37 Church Street, Reigate, Surrey RH2 0AD.

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 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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. 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 all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
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.

Page 4

 
ELITE DENTAL SMILES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

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.

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
ELITE DENTAL SMILES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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 immaterial.

Page 6

 
ELITE DENTAL SMILES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

 
2.10

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 the directors, during the period was as follows:


        2024
            No.






Staff
2

Page 7

 
ELITE DENTAL SMILES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
1,159



At 31 March 2024

1,159



Depreciation


Charge for the period on owned assets
290



At 31 March 2024

290



Net book value



At 31 March 2024
869


5.


Debtors

2024
£


Other debtors
98

Prepayments and accrued income
6,414

6,512



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
44,554

44,554


Page 8

 
ELITE DENTAL SMILES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
14,789

Other creditors
74

Accruals and deferred income
5,725

20,588



8.


Financial instruments

2024
£

Financial assets


Financial assets measured at fair value through profit or loss
44,554




Financial assets measured at fair value through profit or loss comprise bank balances.


9.


Controlling party

The Company is a wholly owned subsidiary of Elite DS Holdings Limited, registered at 31- 37 The Old Wheel House, Church Street, Reigate Surrey, RH2 0AD.

 
Page 9