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Registered number: 06880308
Abbey House Dental Practice Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06880308
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,699,477 1,019,385
1,699,477 1,019,385
CURRENT ASSETS
Stocks 6 48,327 35,246
Debtors 7 1,337,714 1,322,039
Cash at bank and in hand 165,027 229,586
1,551,068 1,586,871
Creditors: Amounts Falling Due Within One Year 8 (1,223,580 ) (806,788 )
NET CURRENT ASSETS (LIABILITIES) 327,488 780,083
TOTAL ASSETS LESS CURRENT LIABILITIES 2,026,965 1,799,468
Creditors: Amounts Falling Due After More Than One Year 9 (789,107 ) (307,732 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (296,393 ) (211,184 )
NET ASSETS 941,465 1,280,552
CAPITAL AND RESERVES
Called up share capital 11 64,002 64,002
Profit and Loss Account 877,463 1,216,550
SHAREHOLDERS' FUNDS 941,465 1,280,552
Page 1
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Amit Jilka
Director
15 November 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Abbey House Dental Practice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06880308 . The registered office is 21 High View Close, Hamilton, Leicester, LE4 9LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% Straight Line
Plant & Machinery 10% Reducing Balance
Motor Vehicles 20% Straight Line
Fixtures & Fittings 25% Reducing Balance
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.9. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.10. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 71 (2023: 50)
71 50
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 285,000
As at 30 April 2024 285,000
Amortisation
As at 1 May 2023 285,000
As at 30 April 2024 285,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 May 2023 278,960 1,080,438 30,798 144,889 1,535,085
Additions 488,672 404,805 - 88,399 981,876
As at 30 April 2024 767,632 1,485,243 30,798 233,288 2,516,961
...CONTINUED
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Depreciation
As at 1 May 2023 104,309 333,327 6,160 71,904 515,700
Provided during the period 149,416 115,192 6,159 31,017 301,784
As at 30 April 2024 253,725 448,519 12,319 102,921 817,484
Net Book Value
As at 30 April 2024 513,907 1,036,724 18,479 130,367 1,699,477
As at 1 May 2023 174,651 747,111 24,638 72,985 1,019,385
6. Stocks
2024 2023
£ £
Finished goods 48,327 35,246
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 68,772 93,352
Prepayments and accrued income 51,331 23,495
Other debtors 1,217,611 1,205,192
1,337,714 1,322,039
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 223,769 107,816
Trade creditors 529,111 418,409
Bank loans and overdrafts 250,838 59,126
Other taxes and social security 99,001 128,846
Other creditors 120,861 92,591
1,223,580 806,788
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 567,512 287,705
Bank loans 221,595 20,027
789,107 307,732
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 223,769 107,816
Later than one year and not later than five years 567,512 287,705
791,281 395,521
791,281 395,521
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 64,002 64,002
12. Related Party Transactions
(1) The balance on the directors loan account as at 30 April 2024 was £6,561 (2023: £19,716) and is included within other creditors.
The loan is free of interest and repayable on demand.
(2) Jilka Enterprises Ltd, in which Mr A R Jilka and Mrs M A Jilka are also directors and shareholders. The balance on the loan account as at 30 April 2024 was £1,217,532 (2023: £1,205,192) and is included within other debtors.
The loan is free of interest and repayable on demand.
(3) The Dental Coach Ltd, in which Mr A R Jilka and Mrs M A Jilka are also directors and shareholders. The balance on the loan account as at 30 April 2024 was £79 and is included within other debtors.
The loan is free of interest and repayable on demand.
13. Ultimate Controlling Party
Mr A R Jilka and Mrs M A Jilka are the controlling party by virtue of their beneficial ownership of 100% of the issued ordinary share capital in the company.
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