Acorah Software Products - Accounts Production 16.1.300 false true 25 April 2023 26 April 2022 false 26 April 2023 25 April 2024 25 April 2024 07605999 Mr G Malhotra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07605999 2023-04-25 07605999 2024-04-25 07605999 2023-04-26 2024-04-25 07605999 frs-core:CurrentFinancialInstruments 2024-04-25 07605999 frs-core:Non-currentFinancialInstruments 2024-04-25 07605999 frs-core:FurnitureFittings 2024-04-25 07605999 frs-core:FurnitureFittings 2023-04-26 2024-04-25 07605999 frs-core:FurnitureFittings 2023-04-25 07605999 frs-core:NetGoodwill 2024-04-25 07605999 frs-core:NetGoodwill 2023-04-26 2024-04-25 07605999 frs-core:NetGoodwill 2023-04-25 07605999 frs-core:ShareCapital 2024-04-25 07605999 frs-core:RetainedEarningsAccumulatedLosses 2024-04-25 07605999 frs-bus:PrivateLimitedCompanyLtd 2023-04-26 2024-04-25 07605999 frs-bus:FilletedAccounts 2023-04-26 2024-04-25 07605999 frs-bus:SmallEntities 2023-04-26 2024-04-25 07605999 frs-bus:AuditExempt-NoAccountantsReport 2023-04-26 2024-04-25 07605999 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-26 2024-04-25 07605999 frs-bus:Director1 2023-04-26 2024-04-25 07605999 frs-bus:Director1 2023-04-25 07605999 frs-bus:Director1 2024-04-25 07605999 frs-countries:EnglandWales 2023-04-26 2024-04-25 07605999 2022-04-25 07605999 2023-04-25 07605999 2022-04-26 2023-04-25 07605999 frs-core:CurrentFinancialInstruments 2023-04-25 07605999 frs-core:Non-currentFinancialInstruments 2023-04-25 07605999 frs-core:ShareCapital 2023-04-25 07605999 frs-core:RetainedEarningsAccumulatedLosses 2023-04-25
Registered number: 07605999
Inglehurst Dental Practice Ltd
Unaudited Financial Statements
For The Year Ended 25 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07605999
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,866 1
2,866 1
CURRENT ASSETS
Stocks 6 1,514 1,060
Debtors 7 683,661 487,443
Cash at bank and in hand 6,156 255,852
691,331 744,355
Creditors: Amounts Falling Due Within One Year 8 (110,386 ) (162,778 )
NET CURRENT ASSETS (LIABILITIES) 580,945 581,577
TOTAL ASSETS LESS CURRENT LIABILITIES 583,811 581,578
Creditors: Amounts Falling Due After More Than One Year 9 (13,366 ) (23,244 )
NET ASSETS 570,445 558,334
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 570,345 558,234
SHAREHOLDERS' FUNDS 570,445 558,334
Page 1
Page 2
For the year ending 25 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Malhotra
Director
10/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inglehurst Dental Practice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07605999 . The registered office is 51 REDBRIDGE LANE EAST, ILFORD, IG4 5EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% per annum on straight line basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 9)
8 9
4. Intangible Assets
Goodwill
£
Cost
As at 26 April 2023 348,791
As at 25 April 2024 348,791
Amortisation
As at 26 April 2023 348,791
As at 25 April 2024 348,791
Net Book Value
As at 25 April 2024 -
As at 26 April 2023 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 26 April 2023 79,577
Additions 3,820
As at 25 April 2024 83,397
Depreciation
As at 26 April 2023 79,576
Provided during the period 955
As at 25 April 2024 80,531
Net Book Value
As at 25 April 2024 2,866
As at 26 April 2023 1
6. Stocks
2024 2023
£ £
Stock 1,514 1,060
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,092 40,952
Other debtors 656,569 446,491
683,661 487,443
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3 5,555
Bank loans and overdrafts 10,648 10,648
Other creditors 51,973 51,221
Taxation and social security 47,762 95,354
110,386 162,778
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,366 23,244
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 26 April 2023 Amounts advanced Amounts repaid Amounts written off As at 25 April 2024
£ £ £ £ £
Mr Grish Kumar Malhotra 267,583 117,287 - - 384,870
Interest is payable by the directors to the company at 2.25% per annum on overdrawn director's loan account. The above loan is unsecured and repayable on demand.
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