9 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 533,000 409,598 18,300 427,898 105,102 123,402 1 1 1 xbrli:pure xbrli:shares iso4217:GBP 05370469 2023-04-01 2024-03-31 05370469 2024-03-31 05370469 2023-03-31 05370469 2022-04-01 2023-03-31 05370469 2023-03-31 05370469 2022-03-31 05370469 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05370469 core:PlantMachinery 2023-04-01 2024-03-31 05370469 core:FurnitureFittings 2023-04-01 2024-03-31 05370469 bus:Director4 2023-04-01 2024-03-31 05370469 core:NetGoodwill 2023-03-31 05370469 core:NetGoodwill 2024-03-31 05370469 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 05370469 core:PlantMachinery 2023-03-31 05370469 core:FurnitureFittings 2023-03-31 05370469 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 05370469 core:PlantMachinery 2024-03-31 05370469 core:FurnitureFittings 2024-03-31 05370469 core:WithinOneYear 2024-03-31 05370469 core:WithinOneYear 2023-03-31 05370469 core:ShareCapital 2024-03-31 05370469 core:ShareCapital 2023-03-31 05370469 core:RetainedEarningsAccumulatedLosses 2024-03-31 05370469 core:RetainedEarningsAccumulatedLosses 2023-03-31 05370469 core:NetGoodwill 2023-04-01 2024-03-31 05370469 core:NetGoodwill 2023-03-31 05370469 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 05370469 core:Non-currentFinancialInstruments 2024-03-31 05370469 core:Non-currentFinancialInstruments 2023-03-31 05370469 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 05370469 core:PlantMachinery 2023-03-31 05370469 core:FurnitureFittings 2023-03-31 05370469 bus:SmallEntities 2023-04-01 2024-03-31 05370469 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05370469 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05370469 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05370469 bus:FullAccounts 2023-04-01 2024-03-31 05370469 core:OfficeEquipment 2023-04-01 2024-03-31 05370469 core:OfficeEquipment 2023-03-31 05370469 core:OfficeEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 05370469
Plumstead Dental Surgery Limited
Unaudited financial statements
31 March 2024
Plumstead Dental Surgery Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
105,102
123,402
Tangible assets
6
157,063
160,928
Investments
7
1
1
---------
---------
262,166
284,331
Current assets
Stocks
5,500
5,500
Debtors
8
92,872
89,564
Cash at bank and in hand
279,813
246,689
---------
---------
378,185
341,753
Creditors: Amounts falling due within one year
9
( 497,385)
( 501,172)
---------
---------
Net current liabilities
( 119,200)
( 159,419)
---------
---------
Total assets less current liabilities
142,966
124,912
Provisions
Taxation including deferred tax
( 3,055)
( 3,018)
---------
---------
Net assets
139,911
121,894
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
139,910
121,893
---------
---------
Shareholders funds
139,911
121,894
---------
---------
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 income statement has not been delivered.
For the year 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 year 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 .
Plumstead Dental Surgery Limited
Statement of financial position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 10 January 2025 , and are signed on behalf of the board by:
Mr J K Sharma
Director
Company registration number: 05370469
Plumstead Dental Surgery Limited
Notes to the financial statements
Year ended 31 March 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 118-120 Commercial Road, London, EL 1NL, England.
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.
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, stated net of discounts.
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.
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
-
over 10 years.
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:
Freehold property
-
2% straight line
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
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 employees during the year was 9 (2023: 9 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
533,000
---------
Amortisation
At 1 April 2023
409,598
Charge for the year
18,300
---------
At 31 March 2024
427,898
---------
Carrying amount
At 31 March 2024
105,102
---------
At 31 March 2023
123,402
---------
6. Tangible assets
Freehold property
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2023
207,588
186,863
40,040
38,377
472,868
Additions
4,126
1,061
5,187
---------
---------
-------
-------
---------
At 31 March 2024
207,588
190,989
40,040
39,438
478,055
---------
---------
-------
-------
---------
Depreciation
At 1 April 2023
62,544
178,466
38,876
32,054
311,940
Charge for the year
4,608
2,529
291
1,624
9,052
---------
---------
-------
-------
---------
At 31 March 2024
67,152
180,995
39,167
33,678
320,992
---------
---------
-------
-------
---------
Carrying amount
At 31 March 2024
140,436
9,994
873
5,760
157,063
---------
---------
-------
-------
---------
At 31 March 2023
145,044
8,397
1,164
6,323
160,928
---------
---------
-------
-------
---------
Tangible assets held at valuation
The directors have considered the carrying value of the investment properties and deem this to be materially the same as the market value.
7. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
1
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
1
----
At 31 March 2023
1
----
8. Debtors
2024
2023
£
£
Trade debtors
66,039
61,745
Other debtors
26,833
27,819
-------
-------
92,872
89,564
-------
-------
9. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
279,977
304,898
Amounts owed to group undertakings and undertakings in which the company has a participating interest
184,780
184,780
Social security and other taxes
28,512
7,378
Other creditors
4,116
4,116
---------
---------
497,385
501,172
---------
---------
10. Directors' advances, credits and guarantees
At 31 March 2024 the directors owed the company £2,834 (2023: £3,050) being the balance on the directors loan account .