8 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 350,000 227,500 23,333 250,833 99,167 122,500 xbrli:pure xbrli:shares iso4217:GBP 07084354 2022-12-01 2024-03-31 07084354 2024-03-31 07084354 2022-11-30 07084354 2021-12-01 2022-11-30 07084354 2022-11-30 07084354 2021-11-30 07084354 core:LandBuildings core:ShortLeaseholdAssets 2022-12-01 2024-03-31 07084354 core:PlantMachinery 2022-12-01 2024-03-31 07084354 core:NetGoodwill 2022-12-01 2024-03-31 07084354 bus:Director1 2022-12-01 2024-03-31 07084354 bus:Director2 2022-12-01 2024-03-31 07084354 core:NetGoodwill 2022-11-30 07084354 core:NetGoodwill 2024-03-31 07084354 core:LandBuildings core:ShortLeaseholdAssets 2022-11-30 07084354 core:PlantMachinery 2022-11-30 07084354 core:LandBuildings core:ShortLeaseholdAssets 2024-03-31 07084354 core:PlantMachinery 2024-03-31 07084354 core:WithinOneYear 2024-03-31 07084354 core:WithinOneYear 2022-11-30 07084354 core:ShareCapital 2024-03-31 07084354 core:ShareCapital 2022-11-30 07084354 core:RetainedEarningsAccumulatedLosses 2024-03-31 07084354 core:RetainedEarningsAccumulatedLosses 2022-11-30 07084354 core:NetGoodwill 2022-11-30 07084354 core:LandBuildings core:ShortLeaseholdAssets 2022-11-30 07084354 core:PlantMachinery 2022-11-30 07084354 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 07084354 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 07084354 bus:SmallEntities 2022-12-01 2024-03-31 07084354 bus:AuditExemptWithAccountantsReport 2022-12-01 2024-03-31 07084354 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-03-31 07084354 bus:PrivateLimitedCompanyLtd 2022-12-01 2024-03-31 07084354 bus:FullAccounts 2022-12-01 2024-03-31
COMPANY REGISTRATION NUMBER: 07084354
Ross Campbell Dental Practice Limited
Unaudited financial statements
31 March 2024
Ross Campbell Dental Practice Limited
Statement of financial position
31 March 2024
31 Mar 24
30 Nov 22
Note
£
£
£
£
Fixed assets
Intangible assets
5
99,167
122,500
Tangible assets
6
24,580
29,687
---------
---------
123,747
152,187
Current assets
Stocks
7,541
23,351
Debtors
7
806,730
323,296
Cash at bank and in hand
156,848
486,518
---------
---------
971,119
833,165
Creditors: Amounts falling due within one year
8
( 143,736)
( 136,395)
---------
---------
Net current assets
827,383
696,770
---------
---------
Total assets less current liabilities
951,130
848,957
Provisions
Taxation including deferred tax
( 6,145)
( 6,830)
---------
---------
Net assets
944,985
842,127
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
944,885
842,027
---------
---------
Shareholders funds
944,985
842,127
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the Period ending 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:
- The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Ross Campbell Dental Practice Limited
Statement of financial position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 30 November 2024 , and are signed on behalf of the board by:
Mr Adam Levene
Mrs Janine Rose Twite-Levene
Director
Director
Company registration number: 07084354
Ross Campbell Dental Practice Limited
Notes to the financial statements
Period from 1 December 2022 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The adress of the registered office is 66 North Quay, Great Yarmouth, Norfolk, NR30 1HE, England. The company's place of business adress is 36 Surrey Street, Norwich, Norfolk, NR1 3NY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Amortisation of goodwill is estimated over 20 years. The carrying value at the year end was £99,167 (2022: £122,500).
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Amortised over 20 years
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
10% straight line
Plant and machinery
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under hire purchase contract are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the income statement on a reducing basis. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight line basis over the period of the lease.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of employees during the Period was 8 (2022: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 December 2022 and 31 March 2024
350,000
---------
Amortisation
At 1 December 2022
227,500
Charge for the Period
23,333
---------
At 31 March 2024
250,833
---------
Carrying amount
At 31 March 2024
99,167
---------
At 30 November 2022
122,500
---------
6. Tangible assets
Leasehold property
Plant and machinery
Total
£
£
£
Cost
At 1 December 2022
8,371
268,631
277,002
Additions
8,661
8,661
------
---------
---------
At 31 March 2024
8,371
277,292
285,663
------
---------
---------
Depreciation
At 1 December 2022
6,699
240,616
247,315
Charge for the period
370
13,398
13,768
------
---------
---------
At 31 March 2024
7,069
254,014
261,083
------
---------
---------
Carrying amount
At 31 March 2024
1,302
23,278
24,580
------
---------
---------
At 30 November 2022
1,672
28,015
29,687
------
---------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery
£
At 31 March 2024
7,574
------
At 30 November 2022
1,884
------
7. Debtors
31 Mar 24
30 Nov 22
£
£
Trade debtors
3,831
Amounts owed by group undertakings and undertakings in which the company has a participating interest
780,630
Other debtors
26,100
319,465
---------
---------
806,730
323,296
---------
---------
8. Creditors: Amounts falling due within one year
31 Mar 24
30 Nov 22
£
£
Trade creditors
18,713
13,110
Social security and other taxes
90,911
114,265
Other creditors
34,112
9,020
---------
---------
143,736
136,395
---------
---------
9. Directors' advances, credits and guarantees
During the year the previous directors operated a directors loan account with the company at which interest was due at the HMRC official rate. At 31 March 2024 the directors owed the company £17,659. (2022: The directors owed the company £296,623)