Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3117471No description of principal activityfalse2023-06-01false1716truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06555744 2023-06-01 2024-05-31 06555744 2022-06-01 2023-05-31 06555744 2024-05-31 06555744 2023-05-31 06555744 c:Director2 2023-06-01 2024-05-31 06555744 d:Buildings d:ShortLeaseholdAssets 2023-06-01 2024-05-31 06555744 d:Buildings d:ShortLeaseholdAssets 2024-05-31 06555744 d:Buildings d:ShortLeaseholdAssets 2023-05-31 06555744 d:PlantMachinery 2023-06-01 2024-05-31 06555744 d:PlantMachinery 2024-05-31 06555744 d:PlantMachinery 2023-05-31 06555744 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06555744 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06555744 d:MotorVehicles 2023-06-01 2024-05-31 06555744 d:FurnitureFittings 2023-06-01 2024-05-31 06555744 d:FurnitureFittings 2024-05-31 06555744 d:FurnitureFittings 2023-05-31 06555744 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06555744 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06555744 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06555744 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06555744 d:CurrentFinancialInstruments 2024-05-31 06555744 d:CurrentFinancialInstruments 2023-05-31 06555744 d:Non-currentFinancialInstruments 2024-05-31 06555744 d:Non-currentFinancialInstruments 2023-05-31 06555744 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06555744 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06555744 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 06555744 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 06555744 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 06555744 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 06555744 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 06555744 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 06555744 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 06555744 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 06555744 d:ShareCapital 2024-05-31 06555744 d:ShareCapital 2023-05-31 06555744 d:RetainedEarningsAccumulatedLosses 2024-05-31 06555744 d:RetainedEarningsAccumulatedLosses 2023-05-31 06555744 c:FRS102 2023-06-01 2024-05-31 06555744 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06555744 c:FullAccounts 2023-06-01 2024-05-31 06555744 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06555744 2 2023-06-01 2024-05-31 06555744 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 06555744 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 06555744 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-05-31 06555744 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-31 06555744 d:LeasedAssetsHeldAsLessee 2024-05-31 06555744 d:LeasedAssetsHeldAsLessee 2023-05-31 06555744 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 06555744









SOMERHILL DENTAL PRACTICE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
SOMERHILL DENTAL PRACTICE LIMITED
REGISTERED NUMBER: 06555744

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
156,320
186,689

  
156,320
186,689

Current assets
  

Stocks
  
32,734
84,253

Debtors: amounts falling due within one year
 5 
253,434
271,813

Cash at bank and in hand
 6 
5,123
16,497

  
291,291
372,563

Creditors: amounts falling due within one year
 7 
(217,868)
(289,870)

Net current assets
  
 
 
73,423
 
 
82,693

Total assets less current liabilities
  
229,743
269,382

Creditors: amounts falling due after more than one year
 8 
(184,713)
(200,328)

Provisions for liabilities
  

Deferred tax
 10 
(38,937)
(44,992)

  
 
 
(38,937)
 
 
(44,992)

Net assets
  
6,093
24,062


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
6,063
24,032

  
6,093
24,062


Page 1

 
SOMERHILL DENTAL PRACTICE LIMITED
REGISTERED NUMBER: 06555744
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 Year 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 20 February 2025.




................................................
E. Hutchinson
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SOMERHILL DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The legal form of the entity is a private company limited by shares, registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, Middlesex, HA1 2BY.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
SOMERHILL DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SOMERHILL DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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 reporting 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 reporting 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 reporting date.


 
2.9

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 straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
7%
Plant and machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Fixtures and fittings
-
25%

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

 
SOMERHILL DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

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 reporting 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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

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).

Page 6

 
SOMERHILL DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 June 2023
260,761
420,551
15,988
697,300


Additions
-
5,341
214
5,555


Disposals
-
-
(8,364)
(8,364)



At 31 May 2024

260,761
425,892
7,838
694,491



Depreciation


At 1 June 2023
192,094
309,614
8,903
510,611


Charge for the Year on owned assets
17,471
7,844
3,085
28,400


Charge for the Year on financed assets
-
7,524
-
7,524


Disposals
-
-
(8,364)
(8,364)



At 31 May 2024

209,565
324,982
3,624
538,171



Net book value



At 31 May 2024
51,196
100,910
4,214
156,320



At 31 May 2023
68,667
110,937
7,085
186,689

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


2024
2023
£
£



Plant and machinery
42,633
50,157

42,633
50,157

Page 7

 
SOMERHILL DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
235,808
250,106

Other debtors
5,478
9,559

Prepayments and accrued income
12,148
12,148

253,434
271,813



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,123
16,497

Less: bank overdrafts
(71,050)
(64,582)

(65,927)
(48,085)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
71,050
64,582

Other loans
33,458
76,475

Trade creditors
78,686
105,182

Other taxation and social security
26,490
35,901

Other creditors
1,068
920

Accruals and deferred income
7,116
6,810

217,868
289,870


Page 8

 
SOMERHILL DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
152,877
170,719

Other loans
31,836
29,609

184,713
200,328



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
33,458
76,475


33,458
76,475

Amounts falling due 1-2 years

Other loans
31,836
29,609


31,836
29,609

Amounts falling due 2-5 years

Bank loans
41,090
51,472


41,090
51,472

Amounts falling due after more than 5 years

Bank loans
111,787
119,247

111,787
119,247

218,171
276,803


Page 9

 
SOMERHILL DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Deferred taxation




2024


£






At beginning of year
(44,992)


Charged to profit or loss
6,055



At end of year
(38,937)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(38,937)
(44,992)

(38,937)
(44,992)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £6,246 (2023 - £7,055). Contributions totalling £1,066 (2024 - £921) were payable to the fund at the reporting date and are included in creditors.

 
Page 10