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Registered Number: 10300276
England and Wales

 

 

 

THE CHARD GROUP LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Directors Meghan Chard
Simon Chard
Registered Number 10300276
Registered Office Suite G2, The Business Centre
Cardiff House, Cardiff Road
Barry
Vale of Glamorgan
CF63 2AW
Trading Address Rothley Lodge Dental Practice
15 Cherry Orchard
Staines
Middlesex
TW18 2DE
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2024
Principal activities
The company's principal activity during the year was the provision of oral and ancillary healthcare services.
Directors
The directors who served the company throughout the year were as follows:
Meghan Chard
Simon Chard
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Simon Chard
Director

Date approved: 16 October 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 569,400    613,200 
Tangible fixed assets 4 452,470    122,227 
Investments 5 30,078   
1,051,948    735,427 
Current assets      
Stocks 6 56,111    53,296 
Debtors 7 1,016,076    683,596 
Cash at bank and in hand 438,869    741,511 
1,511,056    1,478,403 
Creditors: amount falling due within one year (336,104)   (211,008)
Net current assets 1,174,952    1,267,395 
 
Total assets less current liabilities 2,226,900    2,002,822 
Creditors: amount falling due after more than one year (11,898)   (310,795)
Accruals and deferred income (266,635)  
Provisions for liabilities 8 (26,180)   (23,223)
Net assets 1,922,187    1,668,804 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 1,922,087    1,668,704 
Shareholders' funds 1,922,187    1,668,804 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 October 2024 and were signed on its behalf by:


-------------------------------
Simon Chard
Director
3
General Information
The Chard Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10300276, registration address Suite G2, The Business Centre, Cardiff House, Cardiff Road, Barry, Vale of Glamorgan, CF63 2AW. The trading address of the company is Rothley Lodge Dental Practice, 15 Cherry Orchard, Staines, Middlesex, TW18 2DE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 15 (2023 : 14).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 876,000    876,000 
Additions  
Disposals  
At 31 March 2024 876,000    876,000 
Amortisation
At 01 April 2023 262,800    262,800 
Charge for year 43,800    43,800 
On disposals  
At 31 March 2024 306,600    306,600 
Net book values
At 31 March 2024 569,400    569,400 
At 31 March 2023 613,200    613,200 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Improvements to property   Total
  £   £   £   £   £
At 01 April 2023 157,666    97,440    6,259      261,365 
Additions 36,344    42,413    12,293    312,973    404,023 
Disposals   (97,440)       (97,440)
At 31 March 2024 194,010    42,413    18,552    312,973    567,948 
Depreciation
At 01 April 2023 71,724    66,609    805      139,138 
Charge for year 30,572    10,604    1,774      42,950 
On disposals   (66,610)       (66,610)
At 31 March 2024 102,296    10,603    2,579      115,478 
Net book values
Closing balance as at 31 March 2024 91,714    31,810    15,973    312,973    452,470 
Opening balance as at 01 April 2023 85,942    30,831    5,454      122,227 

The net book value of Improvements to property includes £ 312,973 in respect of assets leased under finance leases or hire purchase contracts.

5.

Investments

Cost Loans to participating interests   Total
  £   £
At 01 April 2023  
Additions 30,078    30,078 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 30,078    30,078 

6.

Stocks

2024
£
  2023
£
Stocks 56,111    53,296 
56,111    53,296 

7.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 556    556 
Other Debtors 1,015,520    683,040 
1,016,076    683,596 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 26,180    23,223 
26,180    23,223 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

10.

Ultimate Controlling Party

The company is a wholly owned subsidiary of Rothley Lodge Holdings Ltd.  The ultimate controlling parties are Drs S & M Chard.
11.

Charges Registered

On 17th March 2023 a fixed & floating charge was registered by Santander UK Plc which covers all the property or undertaking of the company.
4