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No description of principal activity
2023-04-06
Sage Accounts Production Advanced 2023 - FRS102_2023
100,000
100,000
xbrli:pure
xbrli:shares
iso4217:GBP
07613629
2023-04-06
2024-04-05
07613629
2024-04-05
07613629
2023-04-05
07613629
2022-04-06
2023-04-05
07613629
2023-04-05
07613629
2022-04-05
07613629
core:NetGoodwill
2023-04-06
2024-04-05
07613629
core:PlantMachinery
2023-04-06
2024-04-05
07613629
core:FurnitureFittings
2023-04-06
2024-04-05
07613629
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2023-04-06
2024-04-05
07613629
bus:Director1
2023-04-06
2024-04-05
07613629
core:NetGoodwill
2024-04-05
07613629
core:PlantMachinery
2023-04-05
07613629
core:FurnitureFittings
2023-04-05
07613629
core:PlantMachinery
2024-04-05
07613629
core:FurnitureFittings
2024-04-05
07613629
core:WithinOneYear
2024-04-05
07613629
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2023-04-05
07613629
core:ShareCapital
2024-04-05
07613629
core:ShareCapital
2023-04-05
07613629
core:RetainedEarningsAccumulatedLosses
2024-04-05
07613629
core:RetainedEarningsAccumulatedLosses
2023-04-05
07613629
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2023-04-05
07613629
core:FurnitureFittings
2023-04-05
07613629
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2023-04-06
2024-04-05
07613629
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2023-04-06
2024-04-05
07613629
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2023-04-06
2024-04-05
07613629
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2023-04-06
2024-04-05
07613629
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2023-04-06
2024-04-05
COMPANY REGISTRATION NUMBER:
07613629
Mumbles Dental And Cosmetic Suite (RG) Limited |
|
Filleted Unaudited Financial Statements |
|
Mumbles Dental And Cosmetic Suite (RG) Limited |
|
Year ended 5 April 2024
Accountant's report to the director on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
Mumbles Dental And Cosmetic Suite (RG) Limited |
|
Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements |
|
Year ended 5 April 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 5 April 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
CLAY SHAW THOMAS LTD
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
20 December 2024
Mumbles Dental And Cosmetic Suite (RG) Limited |
|
Statement of Financial Position |
|
5 April 2024
Fixed assets
Tangible assets |
6 |
|
3,677 |
4,588 |
|
|
|
|
|
Current assets
Stocks |
1,250 |
|
1,250 |
Debtors |
7 |
11,021 |
|
7,716 |
Cash at bank and in hand |
1,866 |
|
3,664 |
|
-------- |
|
-------- |
|
14,137 |
|
12,630 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
12,504 |
|
11,635 |
|
-------- |
|
-------- |
Net current assets |
|
1,633 |
995 |
|
|
------- |
------- |
Total assets less current liabilities |
|
5,310 |
5,583 |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
617 |
772 |
|
|
------- |
------- |
Net assets |
|
4,693 |
4,811 |
|
|
------- |
------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
4,593 |
4,711 |
|
|
------- |
------- |
Shareholders funds |
|
4,693 |
4,811 |
|
|
------- |
------- |
|
|
|
|
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 year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Mumbles Dental And Cosmetic Suite (RG) Limited |
|
Statement of Financial Position (continued) |
|
5 April 2024
These financial statements were approved by the
board of directors
and authorised for issue on
20 December 2024
, and are signed on behalf of the board by:
Company registration number:
07613629
Mumbles Dental And Cosmetic Suite (RG) Limited |
|
Notes to the Financial Statements |
|
Year ended 5 April 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, Bridgend County Borough, CF35 5LJ, United Kingdom.
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 measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the period and relates to the principal activity of the company which is that of a dentistry practice. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or 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 that are expected to apply to the reversal of the timing difference.
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 |
- |
14% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
|
Plant and equipment |
- |
20% reducing balance |
|
Fixtures and fittings |
- |
15% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Intangible assets
|
Goodwill |
|
£ |
Cost |
|
At 6 April 2023 and 5 April 2024 |
100,000 |
|
--------- |
Amortisation |
|
At 6 April 2023 and 5 April 2024 |
100,000 |
|
--------- |
Carrying amount |
|
At 5 April 2024 |
– |
|
--------- |
At 5 April 2023 |
– |
|
--------- |
|
|
6.
Tangible assets
|
Plant and machinery |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 6 April 2023 and 5 April 2024 |
34,647 |
983 |
35,630 |
|
-------- |
---- |
-------- |
Depreciation |
|
|
|
At 6 April 2023 |
30,203 |
839 |
31,042 |
Charge for the year |
889 |
22 |
911 |
|
-------- |
---- |
-------- |
At 5 April 2024 |
31,092 |
861 |
31,953 |
|
-------- |
---- |
-------- |
Carrying amount |
|
|
|
At 5 April 2024 |
3,555 |
122 |
3,677 |
|
-------- |
---- |
-------- |
At 5 April 2023 |
4,444 |
144 |
4,588 |
|
-------- |
---- |
-------- |
|
|
|
|
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
11,021 |
7,716 |
|
-------- |
------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
191 |
179 |
Social security and other taxes |
9,232 |
8,375 |
Other creditors |
3,081 |
3,081 |
|
-------- |
-------- |
|
12,504 |
11,635 |
|
-------- |
-------- |
|
|
|
9.
Directors' advances, credit and guarantees
Included in other debtors is an amount of £8,630 (2023: £7,085) owed from the director. During the year transactions with the director were as follows:
|
|
2024 |
|
|
£ |
|
Balance due from the director as at 6 April 2023 |
7,085 |
|
Monies withdrawn |
53,029 |
|
Monies introduced |
(51,484) |
|
|
-------- |
|
Balance due from the director as at 5 April 2024 |
8,630 |
|
|
-------- |
|
|
|
There is no interest charged on this loan, and there are no fixed terms of repayment.