Company registration number 09407801 (England and Wales)
VDENTAL SMILE STUDIO LTD
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
VDENTAL SMILE STUDIO LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
VDENTAL SMILE STUDIO LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
66,995
86,830
Investments
4
150,000
216,995
86,830
Current assets
Debtors
5
3,484
4,638
Cash at bank and in hand
242,369
291,716
245,853
296,354
Creditors: amounts falling due within one year
6
(34,478)
(22,334)
Net current assets
211,375
274,020
Total assets less current liabilities
428,370
360,850
Creditors: amounts falling due after more than one year
7
(4,000)
Net assets
428,370
356,850
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
428,270
356,750
Total equity
428,370
356,850
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
VDENTAL SMILE STUDIO LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2024
28 February 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 4 October 2024
Dr V Diah
Director
Company registration number 09407801 (England and Wales)
VDENTAL SMILE STUDIO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 3 -
1
Accounting policies
Company information
VDENTAL SMILE STUDIO LTD is a private company limited by shares incorporated in England and Wales. The registered office is 47 Arundel Drive, Woodford Green, London, IG8 9BZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for dental services provided in the normal course of business.
Revenue from the provision of dental services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
over 10 years
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Fixed asset investments
The company has invested in a Collective Investment Bond.
1.5
Taxation
The tax expense represents corporation tax currently payable on the profits of the company for the year.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
VDENTAL SMILE STUDIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
5
4
3
Tangible fixed assets
Leasehold land and buildings
Equipment and furniture
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2023
10,600
170,031
63,540
244,171
Additions
2,584
2,584
At 28 February 2024
10,600
172,615
63,540
246,755
Depreciation and impairment
At 1 March 2023
8,480
132,976
15,885
157,341
Depreciation charged in the year
1,060
9,445
11,914
22,419
At 28 February 2024
9,540
142,421
27,799
179,760
Carrying amount
At 28 February 2024
1,060
30,194
35,741
66,995
At 28 February 2023
2,120
37,055
47,655
86,830
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
150,000
VDENTAL SMILE STUDIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Other
£
Cost or valuation
At 1 March 2023
-
Additions
150,000
At 28 February 2024
150,000
Carrying amount
At 28 February 2024
150,000
At 28 February 2023
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,951
4,638
Other debtors
533
3,484
4,638
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
629
1,813
Corporation tax
29,882
17,646
Other taxation and social security
258
472
Other creditors
3,709
2,403
34,478
22,334
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
4,000