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Registered Number: 13216250
England and Wales

 

 

 

FINCHLEY DENTAL STUDIO LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 123,314    140,930 
Tangible fixed assets 4 59,484    74,955 
182,798    215,885 
Current assets      
Stocks 1,640    1,500 
Debtors   2,800 
Cash at bank and in hand 2,843    4,155 
4,483    8,455 
Creditors: amount falling due within one year (24,502)   (37,818)
Net current assets (20,019)   (29,363)
 
Total assets less current liabilities 162,779    186,522 
Creditors: amount falling due after more than one year (172,690)   (199,318)
Provisions for liabilities (45)   (150)
Net assets (9,956)   (12,946)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (10,056)   (13,046)
Shareholders' funds (9,956)   (12,946)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 04 October 2024 and were signed on its behalf by:


-------------------------------
Dr A A Shaikh
Director
1
General Information
Finchley Dental Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 13216250, registration address 630 High Road, London, N12 0NU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Computer Equipment 33.33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 176,163    176,163 
Additions  
Disposals  
At 31 March 2024 176,163    176,163 
Amortisation
At 01 April 2023 35,233    35,233 
Charge for year 17,616    17,616 
On disposals  
At 31 March 2024 52,849    52,849 
Net book values
At 31 March 2024 123,314    123,314 
At 31 March 2023 140,930    140,930 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 April 2023 116,199    1,800    117,999 
Additions    
Disposals    
At 31 March 2024 116,199    1,800    117,999 
Depreciation
At 01 April 2023 41,844    1,200    43,044 
Charge for year 14,871    600    15,471 
On disposals    
At 31 March 2024 56,715    1,800    58,515 
Net book values
Closing balance as at 31 March 2024 59,484      59,484 
Opening balance as at 01 April 2023 74,355    600    74,955 


2