Registered number
07811656
ECLIPSE DENT LIMITED
Unaudited Filleted Accounts
29 February 2024
ECLIPSE DENT LIMITED
Registered number: 07811656
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 153,334 171,667
Tangible assets 4 92,509 123,875
245,843 295,542
Current assets
Stocks 1,500 1,500
Debtors 5 214,807 274,648
Cash at bank and in hand 72,041 60,308
288,348 336,456
Creditors: amounts falling due within one year 6 (66,930) (61,092)
Net current assets 221,418 275,364
Total assets less current liabilities 467,261 570,906
Creditors: amounts falling due after more than one year 7 (104,474) (133,141)
Provisions for liabilities (7,230) (6,137)
Net assets 355,557 431,628
Capital and reserves
Called up share capital 20 20
Profit and loss account 355,537 431,608
Shareholder's funds 355,557 431,628
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr J M Feerick
Director
Approved by the board on 27 March 2025
ECLIPSE DENT LIMITED
Notes to the Accounts
for the period from 1 April 2023 to 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4-7 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 400,000
At 29 February 2024 400,000
Amortisation
At 1 April 2023 228,333
Provided during the period 18,333
At 29 February 2024 246,666
Net book value
At 29 February 2024 153,334
At 31 March 2023 171,667
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 91,672 75,524 167,196
Additions 489 - 489
Disposals (4,601) - (4,601)
At 29 February 2024 87,560 75,524 163,084
Depreciation
At 1 April 2023 24,440 18,881 43,321
Charge for the period 13,223 17,308 30,531
On disposals (3,277) - (3,277)
At 29 February 2024 34,386 36,189 70,575
Net book value
At 29 February 2024 53,174 39,335 92,509
At 31 March 2023 67,232 56,643 123,875
5 Debtors 2024 2023
£ £
Other debtors 214,807 274,648
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,161 9,932
Obligations under finance lease and hire purchase contracts 20,972 18,482
Trade creditors 9,635 13,099
Taxation and social security costs 4,306 1,957
Other creditors 21,856 17,622
66,930 61,092
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,965 23,298
Obligations under finance lease and hire purchase contracts 90,509 109,843
104,474 133,141
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - 1,800
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr J M Feerick
Loan to director 173,536 44,767 (96,879) 121,424
173,536 44,767 (96,879) 121,424
10 Related party transactions
Included in debtors is GBP 121,424 (2023: GBP 173,536) owed by the director to the company. The loan is provided interest free and is repayable on demand.

Included in rent expenses is GBP £3,781 (2022: GBP £4,125) that was paid to the director for rental of commercial premises personally owned by the director.
11 Controlling party
The ultimate controlling party is Dr J M Feerick by virtue of his directorship and shareholding.
12 Other information
ECLIPSE DENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
69 Station Road
Long Buckby
Northampton
NN6 7QA
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