Company registration number 07179600 (England and Wales)
ASHLEY HOUSE SPECIALIST DENTAL PRACTICE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 7 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ASHLEY HOUSE SPECIALIST DENTAL PRACTICE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Detailed profit and loss account
ASHLEY HOUSE SPECIALIST DENTAL PRACTICE LTD
BALANCE SHEET
AS AT 7 MARCH 2024
07 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
143,516
117,084
Current assets
Stocks
7,654
12,000
Debtors
6
42,356
135,200
Cash at bank and in hand
160,610
130,312
210,620
277,512
Creditors: amounts falling due within one year
7
(285,488)
(203,763)
Net current (liabilities)/assets
(74,868)
73,749
Total assets less current liabilities
68,648
190,833
Creditors: amounts falling due after more than one year
8
(32,244)
(98,358)
Provisions for liabilities
(18,785)
-
0
Net assets
17,619
92,475
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
17,519
92,375
Total equity
17,619
92,475

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 7 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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 13 March 2025 and are signed on its behalf by:
S Turton
Director
Company Registration No. 07179600
ASHLEY HOUSE SPECIALIST DENTAL PRACTICE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 7 MARCH 2024
- 2 -
1
Accounting policies
Company information

Ashley House Specialist Dental Practice Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Wellesley House, Duke of Wellington Avenue, Royal Arsenal, London, SE18 6SS.

1.1
Accounting convention

These financial statements have been prepared in accordance with 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 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 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 under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Reporting period

The accounts have been prepared for a shorter period length to 7 March 2024 due to the sale of the company at this date. Comparative amounts to 31 March 2023 are not entirely comparable.

1.3
Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Where a service is incomplete at the year end, turnover represents the sales value of services provided based on an appropriate proportion of time spent. Any partially completed services that are un-billed at year end are recorded in accrued income within trade debtors.

1.4
Intangible fixed assets - goodwill

Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 10 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
10 years straight line
Fixtures, fittings & equipment
20% on net book value
Computer equipment
10% on net book value
Motor vehicles

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at cost.

 

 

ASHLEY HOUSE SPECIALIST DENTAL PRACTICE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 7 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

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.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
10
9
ASHLEY HOUSE SPECIALIST DENTAL PRACTICE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 7 MARCH 2024
- 4 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 7 March 2024
397,893
Amortisation and impairment
At 1 April 2023 and 7 March 2024
397,893
Carrying amount
At 7 March 2024
-
0
At 31 March 2023
-
0
5
Tangible fixed assets
Land and buildings Leasehold
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023
82,055
75,068
12,772
-
0
169,895
Additions
-
0
546
-
0
53,952
54,498
At 7 March 2024
82,055
75,614
12,772
53,952
224,393
Depreciation and impairment
At 1 April 2023
6,838
40,635
5,338
-
0
52,811
Depreciation charged in the period
6,838
6,996
744
13,488
28,066
At 7 March 2024
13,676
47,631
6,082
13,488
80,877
Carrying amount
At 7 March 2024
68,379
27,983
6,690
40,464
143,516
At 31 March 2023
75,217
34,433
7,434
-
0
117,084
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
8,318
10,417
Other debtors
34,038
124,783
42,356
135,200
ASHLEY HOUSE SPECIALIST DENTAL PRACTICE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 7 MARCH 2024
- 5 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
68,554
Trade creditors
35,759
53,039
Taxation and social security
68,685
70,476
Other creditors
181,044
11,694
285,488
203,763

Lloyds Bank PLC have a fixed and floating charge over the Company.

8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
98,358
Other creditors
32,244
-
0
32,244
98,358
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