35 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 4,759,919 4,038,635 258,735 4,297,370 462,549 721,284 2,063,557 2,063,557 2,063,557 xbrli:pure xbrli:shares iso4217:GBP 07715268 2023-04-01 2024-03-31 07715268 2024-03-31 07715268 2023-03-31 07715268 2022-04-01 2023-03-31 07715268 2023-03-31 07715268 2022-03-31 07715268 core:NetGoodwill 2023-04-01 2024-03-31 07715268 core:LandBuildings core:ShortLeaseholdAssets 2023-04-01 2024-03-31 07715268 core:PlantMachinery 2023-04-01 2024-03-31 07715268 core:FurnitureFittings 2023-04-01 2024-03-31 07715268 bus:Director2 2023-04-01 2024-03-31 07715268 core:NetGoodwill 2023-03-31 07715268 core:NetGoodwill 2024-03-31 07715268 core:LandBuildings 2023-03-31 07715268 core:PlantMachinery 2023-03-31 07715268 core:FurnitureFittings 2023-03-31 07715268 core:LandBuildings 2024-03-31 07715268 core:PlantMachinery 2024-03-31 07715268 core:FurnitureFittings 2024-03-31 07715268 core:WithinOneYear 2024-03-31 07715268 core:WithinOneYear 2023-03-31 07715268 core:ShareCapital 2024-03-31 07715268 core:ShareCapital 2023-03-31 07715268 core:RetainedEarningsAccumulatedLosses 2024-03-31 07715268 core:RetainedEarningsAccumulatedLosses 2023-03-31 07715268 core:NetGoodwill 2023-03-31 07715268 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 07715268 core:Non-currentFinancialInstruments 2024-03-31 07715268 core:Non-currentFinancialInstruments 2023-03-31 07715268 core:LandBuildings 2023-03-31 07715268 core:PlantMachinery 2023-03-31 07715268 core:FurnitureFittings 2023-03-31 07715268 bus:SmallEntities 2023-04-01 2024-03-31 07715268 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07715268 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07715268 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07715268 bus:FullAccounts 2023-04-01 2024-03-31 07715268 core:AllAssociates 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 07715268
Advance Dental Health Limited
Unaudited financial statements
31 March 2024
Advance Dental Health Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
462,549
721,284
Tangible assets
6
530,160
517,612
Investments
7
2,063,557
2,063,557
-----------
-----------
3,056,266
3,302,453
Current assets
Stocks
5,600
5,600
Debtors
8
288,774
231,401
Cash at bank and in hand
1,270,424
987,553
-----------
-----------
1,564,798
1,224,554
Creditors: Amounts falling due within one year
9
( 4,816,569)
( 4,623,241)
-----------
-----------
Net current liabilities
( 3,251,771)
( 3,398,687)
-----------
-----------
Total assets less current liabilities
( 195,505)
( 96,234)
Provisions
Taxation including deferred tax
( 27,659)
( 24,716)
---------
---------
Net liabilities
( 223,164)
( 120,950)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 223,264)
( 121,050)
---------
---------
Shareholders deficit
( 223,164)
( 120,950)
---------
---------
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 .
Advance Dental Health 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: 07715268
Advance Dental Health 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, E1 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
-
10% 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:
Leasehold
-
10% straight line
Plant and Machinery
-
15% reducing balance
Fixtures and fittings
-
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.
Defined pension 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 35 (2023: 35 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
4,759,919
-----------
Amortisation
At 1 April 2023
4,038,635
Charge for the year
258,735
-----------
At 31 March 2024
4,297,370
-----------
Carrying amount
At 31 March 2024
462,549
-----------
At 31 March 2023
721,284
-----------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 April 2023
445,087
183,491
93,348
721,926
Additions
27,012
4,186
31,198
---------
---------
-------
---------
At 31 March 2024
445,087
210,503
97,534
753,124
---------
---------
-------
---------
Depreciation
At 1 April 2023
30,087
95,312
78,915
204,314
Charge for the year
14,590
4,060
18,650
---------
---------
-------
---------
At 31 March 2024
30,087
109,902
82,975
222,964
---------
---------
-------
---------
Carrying amount
At 31 March 2024
415,000
100,601
14,559
530,160
---------
---------
-------
---------
At 31 March 2023
415,000
88,179
14,433
517,612
---------
---------
-------
---------
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 participating interests
£
Cost
At 1 April 2023 and 31 March 2024
2,063,557
-----------
Impairment
At 1 April 2023 and 31 March 2024
-----------
Carrying amount
At 31 March 2024
2,063,557
-----------
At 31 March 2023
2,063,557
-----------
8. Debtors
2024
2023
£
£
Trade debtors
201,566
203,674
Other debtors
87,208
27,727
---------
---------
288,774
231,401
---------
---------
9. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
337,126
315,833
Amounts owed to group undertakings and undertakings in which the company has a participating interest
548,041
647,807
Social security and other taxes
41,208
84,921
Other creditors
3,890,194
3,574,680
-----------
-----------
4,816,569
4,623,241
-----------
-----------
10. Related party transactions
At the accounts year end the company owes £1,318,605 (2023: £1,318,605) to Mrs K B Sharma. At the accounts year end the company owes £460 (2023: £460) to Mr R K Sharma. During the 2018 accounts year £1,400,000 was loaned interest free from a company in which the shareholders have interest in. As at the accounts year end this amount was still outstanding.