Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-315721No description of principal activity2023-06-01false1716truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06098995 2023-06-01 2024-05-31 06098995 2022-06-01 2023-05-31 06098995 2024-05-31 06098995 2023-05-31 06098995 c:Director1 2023-06-01 2024-05-31 06098995 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 06098995 d:Buildings d:LongLeaseholdAssets 2024-05-31 06098995 d:Buildings d:LongLeaseholdAssets 2023-05-31 06098995 d:PlantMachinery 2023-06-01 2024-05-31 06098995 d:PlantMachinery 2024-05-31 06098995 d:PlantMachinery 2023-05-31 06098995 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06098995 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06098995 d:MotorVehicles 2023-06-01 2024-05-31 06098995 d:MotorVehicles 2024-05-31 06098995 d:MotorVehicles 2023-05-31 06098995 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06098995 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06098995 d:FurnitureFittings 2023-06-01 2024-05-31 06098995 d:FurnitureFittings 2024-05-31 06098995 d:FurnitureFittings 2023-05-31 06098995 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06098995 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06098995 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06098995 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06098995 d:Goodwill 2023-06-01 2024-05-31 06098995 d:Goodwill 2024-05-31 06098995 d:Goodwill 2023-05-31 06098995 d:CurrentFinancialInstruments 2024-05-31 06098995 d:CurrentFinancialInstruments 2023-05-31 06098995 d:Non-currentFinancialInstruments 2024-05-31 06098995 d:Non-currentFinancialInstruments 2023-05-31 06098995 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06098995 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06098995 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 06098995 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 06098995 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 06098995 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 06098995 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 06098995 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 06098995 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 06098995 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 06098995 d:ShareCapital 2024-05-31 06098995 d:ShareCapital 2023-05-31 06098995 d:RevaluationReserve 2024-05-31 06098995 d:RevaluationReserve 2023-05-31 06098995 d:RetainedEarningsAccumulatedLosses 2024-05-31 06098995 d:RetainedEarningsAccumulatedLosses 2023-05-31 06098995 c:OrdinaryShareClass1 2023-06-01 2024-05-31 06098995 c:OrdinaryShareClass1 2024-05-31 06098995 c:OrdinaryShareClass1 2023-05-31 06098995 c:FRS102 2023-06-01 2024-05-31 06098995 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06098995 c:FullAccounts 2023-06-01 2024-05-31 06098995 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06098995 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 06098995 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 06098995 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 06098995 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 06098995 2 2023-06-01 2024-05-31 06098995 5 2023-06-01 2024-05-31 06098995 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-05-31 06098995 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-31 06098995 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-05-31 06098995 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-31 06098995 d:LeasedAssetsHeldAsLessee 2024-05-31 06098995 d:LeasedAssetsHeldAsLessee 2023-05-31 06098995 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 06098995 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06098995










SHIFNAL DENTAL CARE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
SHIFNAL DENTAL CARE LIMITED
REGISTERED NUMBER: 06098995

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
674,068
688,802

Tangible assets
 5 
355,151
57,753

  
1,029,219
746,555

Current assets
  

Stocks
  
8,121
9,393

Debtors: amounts falling due within one year
 6 
749,245
828,955

Cash at bank and in hand
 7 
67,200
223,238

  
824,566
1,061,586

Creditors: amounts falling due within one year
 8 
(152,570)
(200,854)

Net current assets
  
 
 
671,996
 
 
860,732

Total assets less current liabilities
  
1,701,215
1,607,287

Creditors: amounts falling due after more than one year
 9 
(589,501)
(489,893)

Provisions for liabilities
  

Deferred tax
  
(88,013)
(13,494)

  
 
 
(88,013)
 
 
(13,494)

Net assets
  
1,023,701
1,103,900


Capital and reserves
  

Called up share capital 
 12 
4
4

Revaluation reserve
  
527,419
527,419

Profit and loss account
  
496,278
576,477

  
1,023,701
1,103,900


Page 1

 
SHIFNAL DENTAL CARE LIMITED
REGISTERED NUMBER: 06098995
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 profit and loss account 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 by: 




Maciej Wojciech Wozniak
Director

Date: 29 January 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
SHIFNAL DENTAL CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Shifnal Dental Care Limited, 06098995, is a private limited company, incorporated in England and Wales, with its registered office and principal place of business at Park Street, Shifnal, Telford, Shropshire, TF11 9BG.

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
SHIFNAL DENTAL CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

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

 
SHIFNAL DENTAL CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

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 Profit and loss account 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.

 
2.10

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, using the following method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight line
Plant and machinery
-
20%
straight line
Motor vehicles
-
20%
straight line
Fixtures and fittings
-
20%
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.

Page 5

 
SHIFNAL DENTAL CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.11

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

Page 6

 
SHIFNAL DENTAL CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.16

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.

 
2.17

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.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 16).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
727,419



At 31 May 2024

727,419



Amortisation


At 1 June 2023
38,617


Charge for the year on owned assets
14,734



At 31 May 2024

53,351



Net book value



At 31 May 2024
674,068



At 31 May 2023
688,802



Page 7

 
SHIFNAL DENTAL CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Property renovations
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
33,404
142,641
92,040
98,754
366,839


Additions
57,206
139,183
-
210,326
406,715


Disposals
-
-
-
(46,423)
(46,423)



At 31 May 2024

90,610
281,824
92,040
262,657
727,131



Depreciation


At 1 June 2023
33,404
112,601
73,632
89,448
309,085


Charge for the year on owned assets
5,721
4,432
-
43,088
53,241


Charge for the year on financed assets
-
33,472
18,408
-
51,880


Disposals
-
-
-
(42,226)
(42,226)



At 31 May 2024

39,125
150,505
92,040
90,310
371,980



Net book value



At 31 May 2024
51,485
131,319
-
172,347
355,151



At 31 May 2023
-
30,040
18,408
9,305
57,753

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
126,244
22,486

Motor vehicles
-
18,408

126,244
40,894

Page 8

 
SHIFNAL DENTAL CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
4,522
3,892

Amounts owed by group undertakings
708,098
796,178

Other debtors
36,625
28,885

749,245
828,955



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
67,200
223,238

67,200
223,238



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
25,411
62,067

Trade creditors
36,104
14,804

Taxation and social security
-
57,331

Obligations under finance lease and hire purchase contracts
45,143
21,644

Other creditors
41,418
40,904

Accruals and deferred income
4,494
4,104

152,570
200,854


Page 9

 
SHIFNAL DENTAL CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
473,293
461,215

Net obligations under finance leases and hire purchase contracts
116,208
28,678

589,501
489,893


Lloyds TSB Bank PLC hold a fixed and floating charge, including a negative pledge, over the undertaking and all property and assets, past and future, including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.
Lloyds TSB hold a mortgage charge over the property Shifnal Dental Practice, Park Street, Shifnal.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
25,411
62,067


25,411
62,067

Amounts falling due 1-2 years

Bank loans
25,411
62,067


25,411
62,067

Amounts falling due 2-5 years

Bank loans
390,839
339,466


390,839
339,466

Amounts falling due after more than 5 years

Bank loans
57,043
59,682

57,043
59,682

498,704
523,282


Page 10

 
SHIFNAL DENTAL CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
45,143
16,970

Between 1-5 years
116,083
13,098

161,226
30,068


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4 (2023 - 4) Ordinary shares of £1.00 each
4
4


 
Page 11