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REGISTERED NUMBER: 06213151 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Denmark Street Dental Practice Limited

Denmark Street Dental Practice Limited (Registered number: 06213151)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Denmark Street Dental Practice Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M A Quraishi
Mr M J Cole





REGISTERED OFFICE: 2 Denmark Street
Gateshead
Tyne and Wear
NE8 1NQ





REGISTERED NUMBER: 06213151 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Denmark Street Dental Practice Limited (Registered number: 06213151)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 370,589 415,703
370,589 415,703

CURRENT ASSETS
Stocks 23,215 23,215
Debtors 7 729,615 545,073
Cash at bank and in hand 170,553 242,181
923,383 810,469
CREDITORS
Amounts falling due within one year 8 358,272 423,235
NET CURRENT ASSETS 565,111 387,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

935,700

802,937

CREDITORS
Amounts falling due after more than one
year

9

(59,560

)

(97,651

)

PROVISIONS FOR LIABILITIES (90,305 ) (76,848 )
NET ASSETS 785,835 628,438

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and loss account 784,835 627,438
785,835 628,438

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.

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 Profit & Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





Mr M A Quraishi - Director


Denmark Street Dental Practice Limited (Registered number: 06213151)

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

1. STATUTORY INFORMATION

Denmark Street 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounting period is not representative of a twelve month period as the company shortened the accounting reference date by two months.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for sale of dental goods and the provision of dental services. Turnover is shown net of Value Added Tax, of goods and services provided to customers. Turnover is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit and loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.


Denmark Street Dental Practice Limited (Registered number: 06213151)

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

3. ACCOUNTING POLICIES - continued
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

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.

Employee benefits
Short term employee benefits are recognised as an expense in the period in which they are incurred.

Employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Leasing
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as tangible fixed assets. The related obligations, net of future finance charges are included in creditors.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 5,400
AMORTISATION
At 1 April 2023
and 31 March 2024 5,400
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Denmark Street Dental Practice Limited (Registered number: 06213151)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 139,445 775,823 915,268
Additions - 17,407 17,407
At 31 March 2024 139,445 793,230 932,675
DEPRECIATION
At 1 April 2023 96,202 403,363 499,565
Charge for year 4,464 58,057 62,521
At 31 March 2024 100,666 461,420 562,086
NET BOOK VALUE
At 31 March 2024 38,779 331,810 370,589
At 31 March 2023 43,243 372,460 415,703

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 729,615 545,073

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,667 31,667
Finance leases 38,090 61,513
Trade creditors 114,144 206,317
Taxation and social security 148,919 96,093
Other creditors 35,452 27,645
358,272 423,235

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Finance leases 59,560 97,651