19 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 800,000 720,000 79,999 799,999 1 80,000 xbrli:pure xbrli:shares iso4217:GBP 08932842 2023-07-01 2024-06-30 08932842 2024-06-30 08932842 2023-06-30 08932842 2022-07-01 2023-06-30 08932842 2023-06-30 08932842 2022-06-30 08932842 core:NetGoodwill 2023-07-01 2024-06-30 08932842 core:PlantMachinery 2023-07-01 2024-06-30 08932842 core:FurnitureFittings 2023-07-01 2024-06-30 08932842 core:MotorVehicles 2023-07-01 2024-06-30 08932842 bus:Director1 2023-07-01 2024-06-30 08932842 core:NetGoodwill 2023-06-30 08932842 core:NetGoodwill 2024-06-30 08932842 core:PlantMachinery 2023-06-30 08932842 core:FurnitureFittings 2023-06-30 08932842 core:PlantMachinery 2024-06-30 08932842 core:FurnitureFittings 2024-06-30 08932842 core:MotorVehicles 2024-06-30 08932842 core:WithinOneYear 2024-06-30 08932842 core:WithinOneYear 2023-06-30 08932842 core:AfterOneYear 2024-06-30 08932842 core:AfterOneYear 2023-06-30 08932842 core:ShareCapital 2024-06-30 08932842 core:ShareCapital 2023-06-30 08932842 core:RetainedEarningsAccumulatedLosses 2024-06-30 08932842 core:RetainedEarningsAccumulatedLosses 2023-06-30 08932842 core:BetweenOneFiveYears 2024-06-30 08932842 core:MoreThanFiveYears 2024-06-30 08932842 core:NetGoodwill 2023-06-30 08932842 core:PlantMachinery 2023-06-30 08932842 core:FurnitureFittings 2023-06-30 08932842 bus:SmallEntities 2023-07-01 2024-06-30 08932842 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08932842 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08932842 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08932842 bus:FullAccounts 2023-07-01 2024-06-30 08932842 core:ComputerEquipment 2023-07-01 2024-06-30 08932842 core:ComputerEquipment 2023-06-30 08932842 core:ComputerEquipment 2024-06-30
COMPANY REGISTRATION NUMBER: 08932842
GRASSINGTON DENTAL CARE LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2024
GRASSINGTON DENTAL CARE LTD
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
GRASSINGTON DENTAL CARE LTD
STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Intangible assets
5
1
80,000
Tangible assets
6
94,541
41,405
---------
----------
94,542
121,405
CURRENT ASSETS
Stocks
5,130
4,985
Debtors
7
129,927
107,198
Cash at bank and in hand
131,054
76,107
----------
----------
266,111
188,290
CREDITORS: amounts falling due within one year
8
168,309
114,770
----------
----------
NET CURRENT ASSETS
97,802
73,520
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
192,344
194,925
CREDITORS: amounts falling due after more than one year
9
59,356
23,142
PROVISIONS
Taxation including deferred tax
23,635
7,700
----------
----------
NET ASSETS
109,353
164,083
----------
----------
GRASSINGTON DENTAL CARE LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2024
2024
2023
Note
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
109,253
163,983
----------
----------
SHAREHOLDERS FUNDS
109,353
164,083
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 March 2025 , and are signed on behalf of the board by:
Mr T Songhurst
Director
Company registration number: 08932842
GRASSINGTON DENTAL CARE LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered and stated net of discounts. The turnover shown in the profit and loss account represents amounts due from NHS dentistry and private patient fees during the period.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and amortised over its useful economic life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. Useful economic lives are reviewed at the end of each reporting period and revised if necessary, subject to the constraint that the revised life shall not exceed 10 years from the date of acquisition. The carrying amount at the date of revision is depreciated over the revised estimate of remaining useful economic life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Surgery equipment
-
15% reducing balance
Fixtures and fittings
-
20% reducing balance
Motor vehicle
-
25% reducing balance
Computer equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 19 (2023: 18 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
800,000
----------
Amortisation
At 1 July 2023
720,000
Charge for the year
79,999
----------
At 30 June 2024
799,999
----------
Carrying amount
At 30 June 2024
1
----------
At 30 June 2023
80,000
----------
6. TANGIBLE ASSETS
Surgery Equipment
Fixtures and fittings
Motor vehicles
Computer Equipment
Total
£
£
£
£
£
Cost
At 1 July 2023
74,293
4,655
18,223
97,171
Additions
65,495
65,495
---------
-------
---------
---------
----------
At 30 June 2024
74,293
4,655
65,495
18,223
162,666
---------
-------
---------
---------
----------
Depreciation
At 1 July 2023
40,746
2,751
12,269
55,766
Charge for the year
5,032
381
5,458
1,488
12,359
---------
-------
---------
---------
----------
At 30 June 2024
45,778
3,132
5,458
13,757
68,125
---------
-------
---------
---------
----------
Carrying amount
At 30 June 2024
28,515
1,523
60,037
4,466
94,541
---------
-------
---------
---------
----------
At 30 June 2023
33,547
1,904
5,954
41,405
---------
-------
---------
---------
----------
Capital commitments
2024
2023
£
£
Contracted for but not provided for in the financial statements
116,424
----------
----
7. DEBTORS
2024
2023
£
£
Trade debtors
27,071
26,352
Other debtors
102,856
80,846
----------
----------
129,927
107,198
----------
----------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
44,306
37,289
Corporation tax
89,707
52,526
Social security and other taxes
10,778
9,892
Other creditors
13,518
5,063
----------
----------
168,309
114,770
----------
----------
The following liabilities disclosed under creditors falling due within one year are secured by the company:
2024
2023
£
£
Hire purchase agreement
8,305
3,720
-------
-------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,755
20,352
Other creditors
48,601
2,790
---------
---------
59,356
23,142
---------
---------
The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
2024
2024
£
£
Hire purchase agreement
48,601
2,790
---------
-------
10. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
2,009
Later than 1 year and not later than 5 years
8,035
Later than 5 years
2,845
---------
----
12,889
---------
----
11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The directors loan account was overdrawn at the year end by £99,934. Interest has been charged and the balance has since been repaid. The maximum amount outstanding during the year was £99,934.