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REGISTERED NUMBER: 10607068 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Main Street Dental Limited

Main Street Dental Limited (Registered number: 10607068)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Main Street Dental Limited

Company Information
for the Year Ended 28 February 2024







DIRECTORS: Dr C P Caldwell
Mrs L M C Caldwell





REGISTERED OFFICE: 69a Main Street
Frodsham
Cheshire
WA6 7DF





REGISTERED NUMBER: 10607068 (England and Wales)





ACCOUNTANTS: Sawyer Quine & Co
202 Merlin Park
Ringtail Road
Burscough
Ormskirk
Lancashire
L40 8JY

Main Street Dental Limited (Registered number: 10607068)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 101,312 134,170
Tangible assets 5 117,102 104,955
218,414 239,125

CURRENT ASSETS
Stocks 3,800 3,800
Debtors 6 165,816 136,179
Cash at bank and in hand 301,834 346,253
471,450 486,232
CREDITORS
Amounts falling due within one year 7 163,504 220,003
NET CURRENT ASSETS 307,946 266,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,360

505,354

CREDITORS
Amounts falling due after more than one
year

8

(88,209

)

(129,760

)

PROVISIONS FOR LIABILITIES 10 (28,679 ) (17,176 )
NET ASSETS 409,472 358,418

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 409,372 358,318
SHAREHOLDERS' FUNDS 409,472 358,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Main Street Dental Limited (Registered number: 10607068)

Balance Sheet - continued
28 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





Dr C P Caldwell - Director


Main Street Dental Limited (Registered number: 10607068)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Main Street Dental Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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

Taxation
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Main Street Dental Limited (Registered number: 10607068)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 28 February 2024 328,580
AMORTISATION
At 1 March 2023 194,410
Charge for year 32,858
At 28 February 2024 227,268
NET BOOK VALUE
At 28 February 2024 101,312
At 28 February 2023 134,170

5. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£    £    £   
COST
At 1 March 2023 39,190 191,441 230,631
Additions - 61,739 61,739
Disposals - (50,940 ) (50,940 )
At 28 February 2024 39,190 202,240 241,430
DEPRECIATION
At 1 March 2023 33,034 92,642 125,676
Charge for year 6,156 33,248 39,404
Eliminated on disposal - (40,752 ) (40,752 )
At 28 February 2024 39,190 85,138 124,328
NET BOOK VALUE
At 28 February 2024 - 117,102 117,102
At 28 February 2023 6,156 98,799 104,955

Main Street Dental Limited (Registered number: 10607068)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 3,445 3,299
Other debtors 162,371 132,880
165,816 136,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 21,294 22,363
Trade creditors 14,825 13,616
Taxation and social security 79,677 112,876
Other creditors 37,708 61,148
163,504 220,003

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 29,769 29,295
Other creditors 45,940 77,965
88,209 129,760

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.24 28.2.23
£    £   
Hire purchase contracts 51,063 51,658

10. PROVISIONS FOR LIABILITIES
28.2.24 28.2.23
£    £   
Deferred tax 28,679 17,176

Deferred
tax
£   
Balance at 1 March 2023 17,176
Accelerated capital allowances 11,503
Balance at 28 February 2024 28,679