Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-03-10false1613trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06533079 2023-03-10 2024-03-31 06533079 2022-04-01 2023-03-09 06533079 2024-03-31 06533079 2023-03-09 06533079 c:Director1 2023-03-10 2024-03-31 06533079 c:Director2 2023-03-10 2024-03-31 06533079 d:Buildings 2023-03-10 2024-03-31 06533079 d:Buildings 2024-03-31 06533079 d:Buildings 2023-03-09 06533079 d:Buildings d:OwnedOrFreeholdAssets 2023-03-10 2024-03-31 06533079 d:PlantMachinery 2023-03-10 2024-03-31 06533079 d:PlantMachinery 2024-03-31 06533079 d:PlantMachinery 2023-03-09 06533079 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-10 2024-03-31 06533079 d:MotorVehicles 2023-03-10 2024-03-31 06533079 d:MotorVehicles 2024-03-31 06533079 d:MotorVehicles 2023-03-09 06533079 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-10 2024-03-31 06533079 d:FurnitureFittings 2023-03-10 2024-03-31 06533079 d:FurnitureFittings 2024-03-31 06533079 d:FurnitureFittings 2023-03-09 06533079 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-10 2024-03-31 06533079 d:ComputerEquipment 2023-03-10 2024-03-31 06533079 d:ComputerEquipment 2024-03-31 06533079 d:ComputerEquipment 2023-03-09 06533079 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-10 2024-03-31 06533079 d:OwnedOrFreeholdAssets 2023-03-10 2024-03-31 06533079 d:Goodwill 2023-03-10 2024-03-31 06533079 d:Goodwill 2024-03-31 06533079 d:Goodwill 2023-03-09 06533079 d:CurrentFinancialInstruments 2024-03-31 06533079 d:CurrentFinancialInstruments 2023-03-09 06533079 d:Non-currentFinancialInstruments 2024-03-31 06533079 d:Non-currentFinancialInstruments 2023-03-09 06533079 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06533079 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-09 06533079 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06533079 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-09 06533079 d:ShareCapital 2024-03-31 06533079 d:ShareCapital 2023-03-09 06533079 d:RetainedEarningsAccumulatedLosses 2024-03-31 06533079 d:RetainedEarningsAccumulatedLosses 2023-03-09 06533079 c:FRS102 2023-03-10 2024-03-31 06533079 c:AuditExemptWithAccountantsReport 2023-03-10 2024-03-31 06533079 c:FullAccounts 2023-03-10 2024-03-31 06533079 c:PrivateLimitedCompanyLtd 2023-03-10 2024-03-31 06533079 2 2023-03-10 2024-03-31 06533079 d:Goodwill d:OwnedIntangibleAssets 2023-03-10 2024-03-31 06533079 e:PoundSterling 2023-03-10 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 06533079













Castle Dental Practice Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
Castle Dental Practice Limited
 
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Castle Dental Practice Limited period ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Castle Dental Practice Limited for the period ended 31 March 2024 which comprise  the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the board of directors of Castle Dental Practice Limited, as a body, in accordance with the terms of our engagement letter dated 25 April 2023Our work has been undertaken solely to prepare for your approval the financial statements of Castle Dental Practice Limited and state those matters that we have agreed to state to the board of directors of Castle Dental Practice Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Castle Dental Practice Limited and its board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Castle Dental Practice Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Castle Dental Practice Limited. You consider that Castle Dental Practice Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Castle Dental Practice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



UNW LLP
Chartered Accountants
Citygate
St James' Boulevard
Newcastle upon Tyne
NE1 4JE
17 January 2025
1

 
Castle Dental Practice Limited


Balance sheet
At 31 March 2024

31 March
9 March
2024
2023
Note
£
£

Fixed assets
  

Intangible fixed assets
  
119,308
151,808

Tangible fixed assets
  
117,615
37,184

  
236,923
188,992

Current assets
  

Stocks
  
3,500
22,822

Debtors
 6 
96,443
461,098

Cash at bank and in hand
  
123,774
23,078

  
223,717
506,998

Creditors: amounts falling due within one year
 7 
(386,117)
(666,072)

Net current liabilities
  
 
 
(162,400)
 
 
(159,074)

Total assets less current liabilities
  
74,523
29,918

Creditors: amounts falling due after more than one year
  
(47,150)
-

Net assets
  
27,373
29,918


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
27,273
29,818

Shareholders' funds
  
27,373
29,918


2

 
Castle Dental Practice Limited

    
Balance sheet (continued)
At 31 March 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 statement of comprehensive income 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 on 17 January 2025.




R G Smith
L B Ferguson
Director
Director

Company registered number: 06533079
The notes on pages 4 to 8 form part of these financial statements.

3

 
Castle Dental Practice Limited
 
 

Notes to the financial statements
Period ended 31 March 2024

1.


General information

Castle Dental Practice Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is given in the company information page of this annual report.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard' applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

  
2.2

Revenue

The turnover shown in the profit and loss account represents NHS contract income and private income receivable during the period.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

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 statement of comprehensive income 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.

 The estimated useful lives range as follows:

Goodwill
-
20
years

4

 
Castle Dental Practice Limited
 

 
Notes to the financial statements
Period ended 31 March 2024

2.Accounting policies (continued)

 
2.6

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.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
10%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
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.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 16 (2023 - 13).

5

 
Castle Dental Practice Limited
 
 

Notes to the financial statements
Period ended 31 March 2024

4.


Intangible assets






Goodwill

£



Cost


At 10 March 2023
600,000



At 31 March 2024

600,000



Amortisation


At 10 March 2023
448,192


Charge for the period
32,500



At 31 March 2024

480,692



Net book value



At 31 March 2024
119,308



At 9 March 2023
151,808



6

 
Castle Dental Practice Limited
 
 

Notes to the financial statements
Period ended 31 March 2024

5.


Tangible fixed assets







Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 10 March 2023
45,801
137,842
-
34,804
33,977
252,424


Additions
-
15,838
59,639
14,663
1,500
91,640



At 31 March 2024

45,801
153,680
59,639
49,467
35,477
344,064



Depreciation


At 10 March 2023
37,223
120,687
-
33,709
23,621
215,240


Charge for the period
992
2,614
4,970
309
2,324
11,209



At 31 March 2024

38,215
123,301
4,970
34,018
25,945
226,449



Net book value



At 31 March 2024
7,586
30,379
54,669
15,449
9,532
117,615



At 9 March 2023
8,578
17,155
-
1,095
10,356
37,184


6.


Debtors

31 March
9 March
2024
2023
£
£


Trade debtors
43,076
14,336

Other debtors
28,298
413,464

Prepayments and accrued income
838
1,244

Deferred taxation
24,231
32,054

96,443
461,098


7

 
Castle Dental Practice Limited
 
 

Notes to the financial statements
Period ended 31 March 2024

7.


Creditors: amounts falling due within one year

31 March
9 March
2024
2023
£
£

Trade creditors
7,444
635,520

Amounts owed to other participating interests
110,908
-

Other taxation and social security
2,983
706

Obligations under finance lease and hire purchase contracts
14,953
-

Other creditors
19,511
4,875

Accruals and deferred income
230,318
24,971

386,117
666,072



8.


Creditors: amounts falling due after more than one year

31 March
9 March
2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
47,150
-

47,150
-



9.


Related party transactions

During the period, the company operated on normal commercial terms with Swanson Holdings Limited. The amount due to Swanson Holdings Limited at 31 March 2024 was £110,908 (2023: £nil).

 
8