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REGISTERED NUMBER: 06579204 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MURRAY DENTAL LIMITED

MURRAY DENTAL LIMITED (REGISTERED NUMBER: 06579204)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


MURRAY DENTAL LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: G A V Murray BDS





SECRETARY: A J E Bradley LLB





REGISTERED OFFICE: 282 Daventry Road
Cheylesmore
Coventry
CV3 5HL





REGISTERED NUMBER: 06579204 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

MURRAY DENTAL LIMITED (REGISTERED NUMBER: 06579204)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 825,106 942,979
Tangible assets 5 45,700 40,713
870,806 983,692

CURRENT ASSETS
Stocks and treatments in
progress 61,711 30,362
Debtors 6 181,013 172,372
Cash at bank and in hand 351,381 274,644
594,105 477,378
CREDITORS
Amounts falling due within one year 7 204,216 226,037
NET CURRENT ASSETS 389,889 251,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,260,695

1,235,033

PROVISIONS FOR LIABILITIES 6,302 4,447
NET ASSETS 1,254,393 1,230,586

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,254,293 1,230,486
SHAREHOLDERS' FUNDS 1,254,393 1,230,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MURRAY DENTAL LIMITED (REGISTERED NUMBER: 06579204)

BALANCE SHEET - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





G A V Murray BDS - Director


MURRAY DENTAL LIMITED (REGISTERED NUMBER: 06579204)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Murray Dental 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.

Fees rendered
Fees rendered relate to treatments billed to patients during the course of an accounting period and are not subject to Value Added Tax.

Goodwill
Goodwill purchased in respect of general practice dentistry is amortised evenly over its estimated useful life of five years.
Goodwill purchased in respect of implantology is amortised evenly over ten years commencing from 2022.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Surgery equipment - Straight line over 5 years
Practice fixtures & fittings - Straight line over 5 years

Stocks and treatments in progress
Stocks and treatments in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete or slow moving items of stock and any foreseable reduction that may be agreed in respect of the usual cost of treatment. Cost includes all direct expenditures incurred at an accounting date plus an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


MURRAY DENTAL LIMITED (REGISTERED NUMBER: 06579204)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 1,855,553
AMORTISATION
At 1 May 2023 912,574
Charge for year 117,873
At 30 April 2024 1,030,447
NET BOOK VALUE
At 30 April 2024 825,106
At 30 April 2023 942,979

MURRAY DENTAL LIMITED (REGISTERED NUMBER: 06579204)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Improvements Practice
to Surgery fixtures
property equipment & fittings Totals
£    £    £    £   
COST
At 1 May 2023 17,900 262,389 103,140 383,429
Additions - 25,352 - 25,352
At 30 April 2024 17,900 287,741 103,140 408,781
DEPRECIATION
At 1 May 2023 - 239,576 103,140 342,716
Charge for year 5,370 14,995 - 20,365
At 30 April 2024 5,370 254,571 103,140 363,081
NET BOOK VALUE
At 30 April 2024 12,530 33,170 - 45,700
At 30 April 2023 17,900 22,813 - 40,713

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Practice debtors 16,763 9,412
Other debtors 164,250 162,960
181,013 172,372

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 30,960
Practice creditors 84,605 84,059
Taxation and social security 107,585 101,508
Other creditors 12,026 9,510
204,216 226,037

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director’s current account was overdrawn, the maximum amount £2,518 (2023 £9,207) and the year end balance was £2,518 (2023 £801). This has subsequently cleared.

MURRAY DENTAL LIMITED (REGISTERED NUMBER: 06579204)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


9. RELATED PARTY DISCLOSURES

At 30 April 2024 debtors includes loans made by the company to Daventry Road Implantology Limited a company which G A V Murray BDS, is sole shareholder and director of £161,732 (2023 £161,020).


Rental liability

The company paid rent to the director, G A V Murray BDS, during the year of £21,500 (2023 £21,500) in respect of a formal lease relating to the use of the surgery premises privately owned by Dr Murray.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G A V Murray BDS.