Registered number
08489672
BERGIN DAVIS SIDELSKY PRACTICE LIMITED
Filleted Accounts
30 April 2024
BERGIN DAVIS SIDELSKY PRACTICE LIMITED
Registered number: 08489672
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 483,009 528,469
Tangible assets 4 132,592 119,042
615,601 647,511
Current assets
Stocks 4,100 4,000
Debtors 5 125,004 121,558
Cash at bank and in hand 54,696 99,004
183,800 224,562
Creditors: amounts falling due within one year 6 (256,084) (251,507)
Net current liabilities (72,284) (26,945)
Total assets less current liabilities 543,317 620,566
Creditors: amounts falling due after more than one year 7 (481,443) (516,074)
Provisions for liabilities (33,148) (22,618)
Net assets 28,726 81,874
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,626 81,774
Shareholders' funds 28,726 81,874
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr E A Bergin
Director
Approved by the board on 27 January 2025
BERGIN DAVIS SIDELSKY PRACTICE LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 20% on reducing balance
Plant and machinery 20% on reducing balance
Fixtures, fittings, tools and equipment 20% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 909,194
At 30 April 2024 909,194
Amortisation
At 1 May 2023 380,725
Provided during the year 45,460
At 30 April 2024 426,185
Net book value
At 30 April 2024 483,009
At 30 April 2023 528,469
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Fixtures and fittings Plant and machinery Computer equipment Total
£ £ £ £
Cost
At 1 May 2023 139,026 137,621 43,542 320,189
Additions 41,994 - 4,705 46,699
At 30 April 2024 181,020 137,621 48,247 366,888
Depreciation
At 1 May 2023 62,432 110,441 28,274 201,147
Charge for the year 23,718 5,436 3,995 33,149
At 30 April 2024 86,150 115,877 32,269 234,296
Net book value
At 30 April 2024 94,870 21,744 15,978 132,592
At 30 April 2023 76,594 27,180 15,268 119,042
5 Debtors 2024 2023
£ £
Other debtors 125,004 121,558
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 95,500 136,877
Leases & HP 9,100 -
Taxation and social security costs 55,175 28,443
Other creditors 96,309 86,187
256,084 251,507
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 450,729 510,387
Trade creditors 6,748 5,687
Leases & HP 23,966 -
481,443 516,074
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 78,065 86,308
Secured bank loans 546,229 621,020
The company has provided a guarantee to Barclays Bank by way of a legal charge over all assets held by the company, in respect of a loan from Barclays Bank to the company. The total outstanding balance of the loan at 30th April 2024 was £546,229.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr I Davis
Director's Loan 82,072 2,534 - 84,606
82,072 2,534 - 84,606
The above loan was unsecured and repayable on demand.
Interest was paid at the official rate.
10 Other information
BERGIN DAVIS SIDELSKY PRACTICE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1005a Finchley Road
London
NW11 7HB
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