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Registration number: 05828337

Larchfield Dawa Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Larchfield Dawa Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Larchfield Dawa Limited

Company Information

Director

Mr G S Bahra

Company secretary

Mrs S Bahra

Registered office

26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

 

Larchfield Dawa Limited

(Registration number: 05828337)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

82,500

110,000

Tangible assets

5

42,047

54,954

 

124,547

164,954

Current assets

 

Stocks

6

40,083

47,433

Debtors

7

284,519

180,743

Cash at bank and in hand

 

784,122

918,313

 

1,108,724

1,146,489

Creditors: Amounts falling due within one year

(221,597)

(268,724)

Net current assets

 

887,127

877,765

Total assets less current liabilities

 

1,011,674

1,042,719

Creditors: Amounts falling due after more than one year

(22,781)

(47,773)

Accruals and deferred income

 

(6,295)

(11,666)

Net assets

 

982,598

983,280

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

982,498

983,180

Shareholders' funds

 

982,598

983,280

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Larchfield Dawa Limited

(Registration number: 05828337)
Abridged Balance Sheet as at 30 April 2024

Approved and authorised by the director on 23 January 2025
 

.........................................
Mr G S Bahra
Director

 

Larchfield Dawa Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER
United Kingdom

These financial statements were authorised for issue by the director on 23 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Larchfield Dawa Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% on reducing balance

Motor vehicles

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Amortised over 20 years

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Larchfield Dawa Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 5).

 

Larchfield Dawa Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 May 2023

550,000

At 30 April 2024

550,000

Amortisation

At 1 May 2023

440,000

Amortisation charge

27,500

At 30 April 2024

467,500

Carrying amount

At 30 April 2024

82,500

At 30 April 2023

110,000

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

2,372

55,999

58,371

Additions

1,109

-

1,109

At 30 April 2024

3,481

55,999

59,480

Depreciation

At 1 May 2023

2,269

1,148

3,417

Charge for the year

303

13,713

14,016

At 30 April 2024

2,572

14,861

17,433

Carrying amount

At 30 April 2024

909

41,138

42,047

At 30 April 2023

103

54,851

54,954

6

Stocks

2024
£

2023
£

Other inventories

40,083

47,433

 

Larchfield Dawa Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Dividends

2024

2023

£

£

Interim dividend of £200.00 (2023 - £400.00) per ordinary share

20,000

40,000

 

 

10

Related party transactions

At 30 April 2024, the balancing owed by Pavsim Investments Limited was £79,500 (2023: £79,500), in which the director Mr G S Bahra also has shares in the company.

At 30 April 2024, the balance owed by Theale Dental Holdings Ltd was £ 100,000.

At 30 April 2024, the balance owing to Mr G S Bahra was £51,226 (2023: £ 55,751).

 

Larchfield Dawa Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

28,300

28,850

Contributions paid to money purchase schemes

45,120

-

73,420

28,850