IRIS Accounts Production v24.3.2.46 11092594 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110925942023-03-31110925942024-03-31110925942023-04-012024-03-31110925942022-03-31110925942022-04-012023-03-31110925942023-03-3111092594ns15:EnglandWales2023-04-012024-03-3111092594ns14:PoundSterling2023-04-012024-03-3111092594ns10:Director12023-04-012024-03-3111092594ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111092594ns10:SmallEntities2023-04-012024-03-3111092594ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111092594ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111092594ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111092594ns10:FullAccounts2023-04-012024-03-311109259412023-04-012024-03-3111092594ns10:Director22023-04-012024-03-3111092594ns10:CompanySecretary12023-04-012024-03-3111092594ns10:RegisteredOffice2023-04-012024-03-3111092594ns5:CurrentFinancialInstruments2024-03-3111092594ns5:CurrentFinancialInstruments2023-03-3111092594ns5:Non-currentFinancialInstruments2024-03-3111092594ns5:Non-currentFinancialInstruments2023-03-3111092594ns5:ShareCapital2024-03-3111092594ns5:ShareCapital2023-03-3111092594ns5:RetainedEarningsAccumulatedLosses2024-03-3111092594ns5:RetainedEarningsAccumulatedLosses2023-03-3111092594ns5:NetGoodwill2023-04-012024-03-3111092594ns5:PlantMachinery2023-04-012024-03-3111092594ns5:FurnitureFittings2023-04-012024-03-3111092594ns5:ComputerEquipment2023-04-012024-03-3111092594ns5:NetGoodwill2023-03-3111092594ns5:NetGoodwill2024-03-3111092594ns5:NetGoodwill2023-03-3111092594ns5:LandBuildings2023-03-3111092594ns5:PlantMachinery2023-03-3111092594ns5:FurnitureFittings2023-03-3111092594ns5:ComputerEquipment2023-03-3111092594ns5:LandBuildings2023-04-012024-03-3111092594ns5:LandBuildings2024-03-3111092594ns5:PlantMachinery2024-03-3111092594ns5:FurnitureFittings2024-03-3111092594ns5:ComputerEquipment2024-03-3111092594ns5:LandBuildings2023-03-3111092594ns5:PlantMachinery2023-03-3111092594ns5:FurnitureFittings2023-03-3111092594ns5:ComputerEquipment2023-03-3111092594ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111092594ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 11092594 (England and Wales)
























Financial Statements

for the Year Ended 31 March 2024

for

Parklands Dental Practice Limited

Parklands Dental Practice Limited (Registered number: 11092594)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parklands Dental Practice Limited

Company Information
for the Year Ended 31 March 2024







Directors: Dr S O Thomas
Mrs H Thomas





Secretary:





Registered office: 9 Court Road
Bridgend
South Wales
CF31 1BE





Registered number: 11092594 (England and Wales)





Accountants: Roger Thomas Limited
9 Court Road
Bridgend
South Wales
CF31 1BE

Parklands Dental Practice Limited (Registered number: 11092594)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 250,000 250,000
Tangible assets 5 419,521 423,177
669,521 673,177

Current assets
Debtors 6 27,800 33,100
Cash at bank 315,085 392,651
342,885 425,751
Creditors
Amounts falling due within one year 7 104,737 167,164
Net current assets 238,148 258,587
Total assets less current liabilities 907,669 931,764

Creditors
Amounts falling due after more than one
year

8

329,580

361,894
Net assets 578,089 569,870

Capital and reserves
Called up share capital 100 100
Retained earnings 577,989 569,770
578,089 569,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Parklands Dental Practice Limited (Registered number: 11092594)

Balance Sheet - continued
31 March 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2024 and were signed on its behalf by:





Dr S O Thomas - Director


Parklands Dental Practice Limited (Registered number: 11092594)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Parklands Dental Practice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 10 ) .

Parklands Dental Practice Limited (Registered number: 11092594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 250,000
Net book value
At 31 March 2024 250,000
At 31 March 2023 250,000

5. Tangible fixed assets
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 210,340 273,228 44,462 15,060 543,090
Additions - 40,115 12,229 2,127 54,471
At 31 March 2024 210,340 313,343 56,691 17,187 597,561
Depreciation
At 1 April 2023 - 99,480 14,609 5,824 119,913
Charge for year - 47,933 7,211 2,983 58,127
At 31 March 2024 - 147,413 21,820 8,807 178,040
Net book value
At 31 March 2024 210,340 165,930 34,871 8,380 419,521
At 31 March 2023 210,340 173,748 29,853 9,236 423,177

6. Debtors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Other debtors 27,800 33,100

7. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Trade creditors 25,817 34,941
Taxation and social security 34,362 76,868
Other creditors 44,558 55,355
104,737 167,164

Parklands Dental Practice Limited (Registered number: 11092594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. Creditors: amounts falling due after more than one year
31.3.24 31.3.23
£    £   
Hire purchase contracts 761 9,616
Other creditors 328,819 352,278
329,580 361,894