iDental Care 24 Ltd
Annual Report and Financial Statements
For the year ended 30 June 2024
Pages for filing with registrar
Company Registration No. 06441984 (England and Wales)
iDental Care 24 Ltd
Company Information
Directors
D Baines
A Catto
M J Hughes
R Robinson
N K Sikka
J Hicban
(Appointed 12 October 2023)
Company number
06441984
Registered office
Kingston House
The Long Barrow
Orbital Park
Ashford
Kent
TN24 0GP
Auditors
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
iDental Care 24 Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
iDental Care 24 Ltd
Balance Sheet
As at 30 June 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
62,059
61,168
Cash at bank and in hand
412,968
360,426
475,027
421,594
Creditors: amounts falling due within one year
4
(119,165)
(102,336)
Net current assets
355,862
319,258
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss reserves
354,862
318,258
Total equity
355,862
319,258
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 16 December 2024 and are signed on its behalf by:
D Baines
Director
Company Registration No. 06441984
iDental Care 24 Ltd
Notes to the Financial Statements
For the year ended 30 June 2024
Page 2
1
Accounting policies
Company information
iDental Care 24 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Kingston House, The Long Barrow, Orbital Park, Ashford, Kent, TN24 0GP.
1.1
Accounting convention
These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
In the opinion of the directors the company is a going concern with sufficient liquidity to cope with the current and expected future trading environment. In addition, the company continues to perform satisfactorily, despite the challenging conditions created trueby the current economic environment, and has sufficient financial resources to meet operational requirements for the foreseeable future and for a period of no less than 12 months following the approval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents amounts receivable for services net of VAT.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
Basic financial instruments are measured at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.
1.6
Taxation
The tax expense represents the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
iDental Care 24 Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
Page 3
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.9
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.
2
Employees
The average monthly number of persons (excluding directors) employed by the company during the year was:
2024
2023
Number
Number
Total
16
16
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
60,086
59,359
Other debtors
1,973
1,809
62,059
61,168
iDental Care 24 Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 4
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
598
Amounts due to participating interests
95
Corporation tax
78,928
62,579
Other taxation and social security
2,553
2,738
Other creditors
37,684
36,326
119,165
102,336
Included within other creditors are pension liabilities of £809 (2023: £317).
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
500 Ordinary A Shares of £1 each
500
500
500 Ordinary B Shares of £1 each
500
500
1,000
1,000
A and B shares rank pari passu in all respects.
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
The senior statutory auditor was Robert Kersse.
The auditor was Moore Kingston Smith LLP.
iDental Care 24 Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 5
7
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
Within one year
45,600
30,375
Between two and five years
34,200
79,800
30,375
8
Related party transactions
Integrated Care 24 holds 50% of the company's issued share capital. During the year Integrated Care 24 charged a management fee of £12,226 (2023: £12,226) to the company. Included in creditors at the year end is a balance of £nil (2023: £95) owed to Integrated Care 24.
N K Sikka is the majority shareholder of Seve Consulting Limited. During the year Seve Consulting Limited charged a consultancy fee of £21,600 (2023: £21,600) to the company. The balance owed to the company at the year end was £nil (2023: £nil).
9
Control
There is no overall individual controlling party. A Bull’s shares were transferred to J Hicban on 12 October 2023. J Hicban, M J Hughes and N K Sikka in combination hold all 500 Ordinary B shares. Integrated Care 24 holds all 500 Ordinary A shares. Integrated Care 24 is a company limited by guarantee and registered in England and Wales. Integrated Care 24 is controlled by its members certain of whom are also directors of iDental Care 24 Ltd. J Hicban, M J Hughes and N K Sikka are not members/directors of Integrated Care 24.