18 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 xbrli:pure xbrli:shares iso4217:GBP 06376349 2023-04-01 2024-03-31 06376349 2024-03-31 06376349 2023-03-31 06376349 2022-04-01 2023-03-31 06376349 2023-03-31 06376349 2022-03-31 06376349 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 06376349 core:PlantMachinery 2023-04-01 2024-03-31 06376349 core:FurnitureFittings 2023-04-01 2024-03-31 06376349 bus:Director3 2023-04-01 2024-03-31 06376349 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 06376349 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 06376349 core:PlantMachinery 2023-03-31 06376349 core:FurnitureFittings 2023-03-31 06376349 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 06376349 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 06376349 core:PlantMachinery 2024-03-31 06376349 core:FurnitureFittings 2024-03-31 06376349 core:WithinOneYear 2024-03-31 06376349 core:WithinOneYear 2023-03-31 06376349 core:ShareCapital 2024-03-31 06376349 core:ShareCapital 2023-03-31 06376349 core:RevaluationReserve 2024-03-31 06376349 core:RevaluationReserve 2023-03-31 06376349 core:CapitalRedemptionReserve 2024-03-31 06376349 core:CapitalRedemptionReserve 2023-03-31 06376349 core:RetainedEarningsAccumulatedLosses 2024-03-31 06376349 core:RetainedEarningsAccumulatedLosses 2023-03-31 06376349 core:BetweenOneFiveYears 2023-03-31 06376349 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 06376349 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 06376349 core:PlantMachinery 2023-03-31 06376349 core:FurnitureFittings 2023-03-31 06376349 bus:SmallEntities 2023-04-01 2024-03-31 06376349 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06376349 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06376349 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06376349 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 06376349
Aspire Dental Care Limited
Unaudited financial statements
31 March 2024
Aspire Dental Care Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
531,401
545,187
Current assets
Stocks
3,519
3,519
Debtors
6
871,559
1,020,066
Cash at bank and in hand
137,483
248,784
-----------
-----------
1,012,561
1,272,369
Creditors: Amounts falling due within one year
7
( 509,651)
( 737,858)
-----------
-----------
Net current assets
502,910
534,511
-----------
-----------
Total assets less current liabilities
1,034,311
1,079,698
Provisions
Taxation including deferred tax
( 20,318)
( 23,181)
-----------
-----------
Net assets
1,013,993
1,056,517
-----------
-----------
Capital and reserves
Called up share capital
75
75
Revaluation reserve
369,999
369,999
Capital redemption reserve
35
35
Profit and loss account
643,884
686,408
-----------
-----------
Shareholders funds
1,013,993
1,056,517
-----------
-----------
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 .
Aspire Dental Care 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 Sharma
Director
Company registration number: 06376349
Aspire Dental Care 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 0HQ, 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
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:
Improvements to leasehold
-
15% reducing balance
Plant and machinery
-
20% straight line
Fixtures and fittings
-
20% straight line
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 18 (2023: 18 ).
5. Tangible assets
Freehold property
Long leasehold property
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
£
Cost
At 1 April 2023
373,345
237,336
394,123
45,189
1,049,993
Additions
12,233
12,233
---------
---------
---------
-------
-----------
At 31 March 2024
373,345
237,336
406,356
45,189
1,062,226
---------
---------
---------
-------
-----------
Depreciation
At 1 April 2023
90,145
380,475
34,186
504,806
Charge for the year
18,359
5,170
2,490
26,019
---------
---------
---------
-------
-----------
At 31 March 2024
108,504
385,645
36,676
530,825
---------
---------
---------
-------
-----------
Carrying amount
At 31 March 2024
373,345
128,832
20,711
8,513
531,401
---------
---------
---------
-------
-----------
At 31 March 2023
373,345
147,191
13,648
11,003
545,187
---------
---------
---------
-------
-----------
6. Debtors
2024
2023
£
£
Trade debtors
94,524
162,556
Amounts owed by group undertakings and undertakings in which the company has a participating interest
732,821
832,587
Other debtors
44,214
24,923
---------
-----------
871,559
1,020,066
---------
-----------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
286,174
503,310
Amounts owed to group undertakings.
2,000
2,000
Social security and other taxes
20,959
21,099
Shareholders' loan
154,172
154,172
Other creditors
46,346
57,277
---------
---------
509,651
737,858
---------
---------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
50,000
Later than 1 year and not later than 5 years
50,000
----
---------
100,000
----
---------
9. Directors' advances, credits and guarantees
At 31 March 2024 the directors owed the company £765 (2023:£765) being the balance on the directors current account .