Caseware UK (AP4) 2023.0.135 2023.0.135 falsethe provision of private dental services.2023-03-01false1012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13064002 2023-03-01 2024-02-28 13064002 2024-02-28 13064002 2022-03-01 2023-02-28 13064002 2023-02-28 13064002 c:Director1 2023-03-01 2024-02-28 13064002 d:Buildings 2023-03-01 2024-02-28 13064002 d:Buildings 2024-02-28 13064002 d:Buildings 2023-02-28 13064002 d:Buildings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13064002 d:MotorVehicles 2023-03-01 2024-02-28 13064002 d:MotorVehicles 2024-02-28 13064002 d:MotorVehicles 2023-02-28 13064002 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13064002 d:FurnitureFittings 2023-03-01 2024-02-28 13064002 d:FurnitureFittings 2024-02-28 13064002 d:FurnitureFittings 2023-02-28 13064002 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13064002 d:OfficeEquipment 2023-03-01 2024-02-28 13064002 d:OfficeEquipment 2024-02-28 13064002 d:OfficeEquipment 2023-02-28 13064002 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13064002 d:ComputerEquipment 2023-03-01 2024-02-28 13064002 d:OtherPropertyPlantEquipment 2023-03-01 2024-02-28 13064002 d:OtherPropertyPlantEquipment 2024-02-28 13064002 d:OtherPropertyPlantEquipment 2023-02-28 13064002 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13064002 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13064002 d:Goodwill 2023-03-01 2024-02-28 13064002 d:Goodwill 2024-02-28 13064002 d:Goodwill 2023-02-28 13064002 d:CurrentFinancialInstruments 2024-02-28 13064002 d:CurrentFinancialInstruments 2023-02-28 13064002 d:Non-currentFinancialInstruments 2024-02-28 13064002 d:Non-currentFinancialInstruments 2023-02-28 13064002 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 13064002 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13064002 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-28 13064002 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13064002 d:ShareCapital 2024-02-28 13064002 d:ShareCapital 2023-02-28 13064002 d:RetainedEarningsAccumulatedLosses 2024-02-28 13064002 d:RetainedEarningsAccumulatedLosses 2023-02-28 13064002 c:FRS102 2023-03-01 2024-02-28 13064002 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13064002 c:FullAccounts 2023-03-01 2024-02-28 13064002 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13064002 d:Goodwill d:OwnedIntangibleAssets 2023-03-01 2024-02-28 13064002 e:PoundSterling 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure
Registered number: 13064002













Harriss Dental Ltd

Financial statements
Information for filing with the registrar

28 February 2024




 
Harriss Dental Ltd


Balance sheet
At 28 February 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
838,692
958,505

Tangible assets
 5 
1,441,364
1,405,802

  
2,280,056
2,364,307

Current assets
  

Stocks
  
5,000
2,500

Debtors
 6 
324,550
49,414

Cash at bank and in hand
  
170,112
150,141

  
499,662
202,055

Creditors: amounts falling due within one year
 7 
(804,952)
(793,112)

Net current liabilities
  
 
 
(305,290)
 
 
(591,057)

Total assets less current liabilities
  
1,974,766
1,773,250

Creditors: amounts falling due after more than one year
 8 
(1,837,998)
(1,657,509)

  

Net assets
  
136,768
115,741


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
136,668
115,641

Shareholders' funds
  
136,768
115,741

1

 
Harriss Dental Ltd

    
Balance sheet (continued)
At 28 February 2024

The director considers 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 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 28 November 2024.




A C Harriss
Director

Registered number: 13064002
The notes on pages 3 to 8 form part of these financial statements. 
2

 
Harriss Dental Ltd
 
 

Notes to the financial statements
Year ended 28 February 2024

1.


General information

Harriss Dental Ltd ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of the registered office is Beech House Dental Practice, 12 Church Street, Cobham, KT11 3EG.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

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.


 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

3

 
Harriss Dental Ltd
 

 
Notes to the financial statements
Year ended 28 February 2024

2.Accounting policies (continued)

 
2.4

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.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
15% reducing balance
Dental & computer equipment
-
20% reducing balance
Improvements to property
-
20% reducing balance

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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.

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 debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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
4

 
Harriss Dental Ltd
 

 
Notes to the financial statements
Year ended 28 February 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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 debtors 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 instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 12).

5

 
Harriss Dental Ltd
 
 

Notes to the financial statements
Year ended 28 February 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 March 2023
1,198,131



At 28 February 2024

1,198,131



Amortisation


At 1 March 2023
239,626


Charge for the year
119,813



At 28 February 2024

359,439



Net book value



At 28 February 2024
838,692



At 28 February 2023
958,505



6

 
Harriss Dental Ltd
 
 

Notes to the financial statements
Year ended 28 February 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Dental & computer equipment
Improvements to property
Total

£
£
£
£
£
£



Cost


At 1 March 2023
1,246,580
24,600
141,521
5,967
36,123
1,454,791


Additions
-
-
416
78,980
-
79,396


Disposals
-
(24,600)
-
-
-
(24,600)



At 28 February 2024

1,246,580
-
141,937
84,947
36,123
1,509,587



Depreciation


At 1 March 2023
-
6,232
32,114
82
10,561
48,989


Charge for the year
-
1,837
16,448
3,905
5,113
27,303


Disposals
-
(8,069)
-
-
-
(8,069)



At 28 February 2024

-
-
48,562
3,987
15,674
68,223



Net book value



At 28 February 2024
1,246,580
-
93,375
80,960
20,449
1,441,364



At 28 February 2023
1,246,580
18,368
109,407
5,885
25,562
1,405,802


6.


Debtors

2024
2023
£
£


Trade debtors
28,616
22,119

Other debtors
295,934
27,295

324,550
49,414


7

 
Harriss Dental Ltd
 
 

Notes to the financial statements
Year ended 28 February 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
98,411
48,294

Trade creditors
17,534
20,933

Corporation tax
57,712
45,764

Other taxation and social security
5,376
1,101

Obligations under finance lease and hire purchase contracts
28,148
13,278

Other creditors
552,019
648,952

Accruals and deferred income
45,752
14,790

804,952
793,112



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,753,549
1,605,753

Net obligations under finance leases and hire purchase contracts
84,449
51,756

1,837,998
1,657,509



9.


Related party transactions

During the period, the company operated on normal commercial terms with Airborne Property Services Ltd. The amount due from Airborne Property Services Ltd to the company at 28 February 2024 was £250,000 (2023: £nil due from Airborne Property Services Ltd).

 
8