Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30Private dental practice2022-12-01falsefalse66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07442858 2022-12-01 2023-11-30 07442858 2021-12-01 2022-11-30 07442858 2023-11-30 07442858 2022-11-30 07442858 2021-12-01 07442858 c:Director1 2022-12-01 2023-11-30 07442858 d:PlantMachinery 2022-12-01 2023-11-30 07442858 d:PlantMachinery 2023-11-30 07442858 d:PlantMachinery 2022-11-30 07442858 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07442858 d:FurnitureFittings 2022-12-01 2023-11-30 07442858 d:FurnitureFittings 2023-11-30 07442858 d:FurnitureFittings 2022-11-30 07442858 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07442858 d:ComputerEquipment 2022-12-01 2023-11-30 07442858 d:ComputerEquipment 2023-11-30 07442858 d:ComputerEquipment 2022-11-30 07442858 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07442858 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07442858 d:CurrentFinancialInstruments 2023-11-30 07442858 d:CurrentFinancialInstruments 2022-11-30 07442858 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07442858 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07442858 d:ShareCapital 2023-11-30 07442858 d:ShareCapital 2022-11-30 07442858 d:RetainedEarningsAccumulatedLosses 2023-11-30 07442858 d:RetainedEarningsAccumulatedLosses 2022-11-30 07442858 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-11-30 07442858 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-30 07442858 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 07442858 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 07442858 c:FRS102 2022-12-01 2023-11-30 07442858 c:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07442858 c:FullAccounts 2022-12-01 2023-11-30 07442858 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07442858 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 07442858










LIBERTY DENTISTS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
LIBERTY DENTISTS LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LIBERTY DENTISTS LTD
FOR THE YEAR ENDED 30 NOVEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Liberty Dentists Ltd for the year ended 30 November 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Liberty Dentists Ltd, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Liberty Dentists Ltd and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Liberty Dentists Ltd and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Liberty Dentists Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Liberty Dentists Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Liberty Dentists Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning
 

27 November 2024
Page 1

 
LIBERTY DENTISTS LTD
REGISTERED NUMBER: 07442858

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
57,746
72,184

  
57,746
72,184

Current assets
  

Debtors: amounts falling due within one year
 5 
9,363
4,790

Cash at bank and in hand
 6 
16,295
20,403

  
25,658
25,193

Creditors: amounts falling due within one year
 7 
(17,312)
(9,011)

Net current assets
  
 
 
8,346
 
 
16,182

Total assets less current liabilities
  
66,092
88,366

  

Net assets
  
66,092
88,366


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
65,992
88,266

  
66,092
88,366


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 year 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 statement of comprehensive income 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 27 November 2024.






Page 2

 
LIBERTY DENTISTS LTD
REGISTERED NUMBER: 07442858

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

Mohammed Khalisur Rahman
Director

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

Page 3

 
LIBERTY DENTISTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Liberty Dentists Ltd is a private company, limited by shares, registered in England and Wales, registration number 07442858, registered office address is 65 Redchurch Street, London, E2 6DJ.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

 
LIBERTY DENTISTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
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.

Page 5

 
LIBERTY DENTISTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Fixtures and fittings
-
20%
Computer equipment
-
20%

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.

 
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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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.

Page 6

 
LIBERTY DENTISTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
59,226
52,370

59,226
52,370


The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Administraton
6
6


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
134,286
31,498
9,383
175,167



At 30 November 2023

134,286
31,498
9,383
175,167



Depreciation


At 1 December 2022
77,298
19,740
5,945
102,983


Charge for the year on owned assets
11,398
2,352
688
14,438



At 30 November 2023

88,696
22,092
6,633
117,421



Net book value



At 30 November 2023
45,590
9,406
2,750
57,746



At 30 November 2022
56,988
11,758
3,438
72,184


5.


Debtors

2023
2022
£
£


Trade debtors
1,571
1,571

Other debtors
6,023
1,450

Prepayments and accrued income
1,430
1,430
Page 7

 
LIBERTY DENTISTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.Debtors (continued)


Deferred taxation
339
339

9,363
4,790



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
16,295
20,403

16,295
20,403



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
203
203

Corporation tax
7,474
-

Other taxation and social security
734
-

Other creditors
2,670
4,297

Accruals and deferred income
6,231
4,511

17,312
9,011



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
16,295
16,295




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Deferred taxation

Page 8

 
LIBERTY DENTISTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
 
9.Deferred taxation (continued)




2023
2022


£

£






At beginning of year
339
339



At end of year
339
339

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
339
339

339
339


Page 9