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Company No: 12067971 (England and Wales)

HOLT AND TURNER LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

HOLT AND TURNER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

HOLT AND TURNER LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
HOLT AND TURNER LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
DIRECTORS Joseph Holt
Catherine Turner
REGISTERED OFFICE The Walton Dental Practice 1 Sandlands Road
Walton On The Hill
Tadworth
KT20 7XB
United Kingdom
COMPANY NUMBER 12067971 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
HOLT AND TURNER LTD

BALANCE SHEET

AS AT 30 JUNE 2024
HOLT AND TURNER LTD

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 336,514 343,153
Tangible assets 4 562,195 563,866
898,709 907,019
Current assets
Stocks 5 4,000 5,000
Debtors 6 20,806 15,240
Cash at bank and in hand 7 49,068 62,388
73,874 82,628
Creditors: amounts falling due within one year 8 ( 146,186) ( 152,286)
Net current liabilities (72,312) (69,658)
Total assets less current liabilities 826,397 837,361
Creditors: amounts falling due after more than one year 9 ( 749,335) ( 784,916)
Provision for liabilities 10, 11 ( 11,664) ( 10,934)
Net assets 65,398 41,511
Capital and reserves
Called-up share capital 12 100 100
Profit and loss account 65,298 41,411
Total shareholder's funds 65,398 41,511

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Holt and Turner Ltd (registered number: 12067971) were approved and authorised for issue by the Board of Directors on 24 January 2025. They were signed on its behalf by:

Catherine Turner
Director
HOLT AND TURNER LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
HOLT AND TURNER LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Holt and Turner Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Walton Dental Practice 1 Sandlands Road, Walton On The Hill, Tadworth, KT20 7XB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents income in relation to the provision of dental services and is measured as the fair value of consideration received or receivable.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 3 years straight line
Fixtures and fittings 3 years straight line
Computer equipment 4 years straight line
Other property, plant and equipment 50 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 5

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2023 366,390 366,390
At 30 June 2024 366,390 366,390
Accumulated amortisation
At 01 July 2023 23,237 23,237
Charge for the financial year 6,639 6,639
At 30 June 2024 29,876 29,876
Net book value
At 30 June 2024 336,514 336,514
At 30 June 2023 343,153 343,153

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Computer equipment Other property, plant
and equipment
Total
£ £ £ £ £ £
Cost
At 01 July 2023 525,609 47,530 5,067 5,759 44,379 628,344
Additions 0 21,288 336 0 0 21,624
At 30 June 2024 525,609 68,818 5,403 5,759 44,379 649,968
Accumulated depreciation
At 01 July 2023 19,292 36,345 4,095 2,951 1,795 64,478
Charge for the financial year 5,512 14,888 781 1,226 888 23,295
At 30 June 2024 24,805 51,233 4,875 4,177 2,683 87,773
Net book value
At 30 June 2024 500,804 17,585 528 1,582 41,696 562,195
At 30 June 2023 506,317 11,185 972 2,808 42,584 563,866

5. Stocks

2024 2023
£ £
Stocks 4,000 5,000

6. Debtors

2024 2023
£ £
Trade debtors 9,875 13,315
Prepayments and accrued income 10,781 1,775
Other debtors 150 150
20,806 15,240

7. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 15,225 62,388
Short-term deposits 33,843 0
49,068 62,388

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 28,137 28,803
Trade creditors 10,330 7,107
Amounts owed to directors 50,780 74,087
Accruals 18,832 3,061
Taxation and social security 13,902 14,638
Obligations under finance leases and hire purchase contracts 23,950 22,333
Other creditors 255 2,257
146,186 152,286

9. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 749,335 784,916

10. Provision for liabilities

2024 2023
£ £
Deferred tax 11,664 10,934

11. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 10,934) ( 9,938)
Charged to the Profit and Loss Account ( 730) ( 996)
At the end of financial year ( 11,664) ( 10,934)

12. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100