Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity59falsetruefalse 07531908 2023-05-01 2024-04-30 07531908 2022-05-01 2023-04-30 07531908 2024-04-30 07531908 2023-04-30 07531908 c:Director1 2023-05-01 2024-04-30 07531908 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 07531908 d:Buildings d:LongLeaseholdAssets 2024-04-30 07531908 d:Buildings d:LongLeaseholdAssets 2023-04-30 07531908 d:FurnitureFittings 2023-05-01 2024-04-30 07531908 d:FurnitureFittings 2024-04-30 07531908 d:FurnitureFittings 2023-04-30 07531908 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07531908 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07531908 d:Goodwill 2023-05-01 2024-04-30 07531908 d:Goodwill 2024-04-30 07531908 d:Goodwill 2023-04-30 07531908 d:CurrentFinancialInstruments 2024-04-30 07531908 d:CurrentFinancialInstruments 2023-04-30 07531908 d:Non-currentFinancialInstruments 2024-04-30 07531908 d:Non-currentFinancialInstruments 2023-04-30 07531908 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07531908 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07531908 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07531908 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07531908 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 07531908 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 07531908 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 07531908 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 07531908 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 07531908 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 07531908 d:ShareCapital 2024-04-30 07531908 d:ShareCapital 2023-04-30 07531908 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 07531908 d:RetainedEarningsAccumulatedLosses 2024-04-30 07531908 d:RetainedEarningsAccumulatedLosses 2023-04-30 07531908 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07531908 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07531908 c:OrdinaryShareClass1 2023-05-01 2024-04-30 07531908 c:OrdinaryShareClass1 2024-04-30 07531908 c:OrdinaryShareClass1 2023-04-30 07531908 c:OrdinaryShareClass2 2023-05-01 2024-04-30 07531908 c:OrdinaryShareClass2 2024-04-30 07531908 c:OrdinaryShareClass2 2023-04-30 07531908 c:OrdinaryShareClass3 2023-05-01 2024-04-30 07531908 c:OrdinaryShareClass3 2024-04-30 07531908 c:OrdinaryShareClass3 2023-04-30 07531908 c:FRS102 2023-05-01 2024-04-30 07531908 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07531908 c:FullAccounts 2023-05-01 2024-04-30 07531908 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07531908 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 07531908 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07531908










LLANIDLOES DENTAL PRACTICE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
LLANIDLOES DENTAL PRACTICE LIMITED
REGISTERED NUMBER:07531908

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
-
42,555

Tangible assets
 6 
297,207
303,846

  
297,207
346,401

Current assets
  

Stocks
  
3,000
6,000

Debtors: amounts falling due within one year
 7 
1,186,219
1,152,021

Cash at bank and in hand
 8 
388,762
80,840

  
1,577,981
1,238,861

Creditors: amounts falling due within one year
 9 
(198,562)
(97,390)

Net current assets
  
 
 
1,379,419
 
 
1,141,471

Total assets less current liabilities
  
1,676,626
1,487,872

Creditors: amounts falling due after more than one year
 10 
(268,100)
(293,243)

Provisions for liabilities
  

Deferred tax
 12 
(4,865)
(4,569)

  
 
 
(4,865)
 
 
(4,569)

Net assets
  
1,403,661
1,190,060


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
 14 
1,403,561
1,189,960

  
1,403,661
1,190,060


Page 1

 
LLANIDLOES DENTAL PRACTICE LIMITED
REGISTERED NUMBER:07531908
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.




H Sobhani
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Llanidloes Dental Practice Limited, 07531908, is a private company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 7 & 8 Valentine Court, Great Oak Street, Llanidloes, Powys, SY18 6QP.
The principal activity of the company is the provision of dental services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is  a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line  basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2%
Straight line
Fixtures and fittings
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believe to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 9).

Page 6

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
425,532



At 30 April 2024

425,532



Amortisation


At 1 May 2023
382,977


Charge for the year on owned assets
42,555



At 30 April 2024

425,532



Net book value



At 30 April 2024
-



At 30 April 2023
42,555



Page 7

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2023
332,193
100,419
432,612


Additions
-
4,055
4,055



At 30 April 2024

332,193
104,474
436,667



Depreciation


At 1 May 2023
53,152
75,614
128,766


Charge for the year on owned assets
6,644
4,050
10,694



At 30 April 2024

59,796
79,664
139,460



Net book value



At 30 April 2024
272,397
24,810
297,207



At 30 April 2023
279,041
24,805
303,846


7.


Debtors

2024
2023
£
£


Trade debtors
34,294
31,561

Other debtors
918,030
886,565

Tax recoverable
233,895
233,895

1,186,219
1,152,021


Page 8

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
388,762
80,840

Less: bank overdrafts
(22,874)
-

365,888
80,840



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
22,874
-

Bank loans
24,487
21,114

Trade creditors
31,678
252

Corporation tax
111,082
66,028

Other taxation and social security
1,221
1,032

Other creditors
-
2,891

Accruals and deferred income
7,220
6,073

198,562
97,390


The following liabilities were secured:

2024
2023
£
£



Bank loans
14,262
11,141

14,262
11,141

Details of security provided:

The bank loan and overdraft is secured upon the assets of the company.
The amount of £10,225 (2023: £9,973) included in creditors due within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

Page 9

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
268,100
293,243

268,100
293,243


The following liabilities were secured:

2024
2023
£
£



Bank loans
256,728
271,646

256,728
271,646

Details of security provided:

The bank loan is secured upon the assets of the company.
The amount of £11,372 (2023: £21,597) included in creditors due after one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

Page 10

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
24,487
21,114


24,487
21,114

Amounts falling due 1-2 years

Bank loans
25,883
22,077


25,883
22,077

Amounts falling due 2-5 years

Bank loans
54,859
51,661


54,859
51,661

Amounts falling due after more than 5 years

Bank loans
187,358
219,506

187,358
219,506

292,587
314,358



12.


Deferred taxation




2024


£






At beginning of year
4,569


Charged to profit or loss
296



At end of year
4,865

Page 11

 
LLANIDLOES DENTAL PRACTICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
 
12.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
4,865
4,569

4,865
4,569


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



47 (2023 - 47) Ordinary A shares of £1.00 each
47
47
40 (2023 - 40) Ordinary B shares of £1.00 each
40
40
13 (2023 - 13) Ordinary C shares of £1.00 each
13
13

100

100



14.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.


15.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £859 (2023: £1,626). Contributions totaling £nil (2023: £311) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 12