5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 307,794 184,674 30,779 215,453 92,341 123,120 672 672 672 xbrli:pure xbrli:shares iso4217:GBP 07405584 2023-05-01 2024-04-30 07405584 2024-04-30 07405584 2023-04-30 07405584 2022-05-01 2023-04-30 07405584 2023-04-30 07405584 2022-04-30 07405584 core:NetGoodwill 2023-05-01 2024-04-30 07405584 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07405584 core:PlantMachinery 2023-05-01 2024-04-30 07405584 core:FurnitureFittings 2023-05-01 2024-04-30 07405584 core:MotorVehicles 2023-05-01 2024-04-30 07405584 bus:Director1 2023-05-01 2024-04-30 07405584 core:NetGoodwill 2023-04-30 07405584 core:NetGoodwill 2024-04-30 07405584 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 07405584 core:PlantMachinery 2023-04-30 07405584 core:FurnitureFittings 2023-04-30 07405584 core:MotorVehicles 2023-04-30 07405584 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 07405584 core:PlantMachinery 2024-04-30 07405584 core:FurnitureFittings 2024-04-30 07405584 core:MotorVehicles 2024-04-30 07405584 core:WithinOneYear 2024-04-30 07405584 core:WithinOneYear 2023-04-30 07405584 core:AfterOneYear 2024-04-30 07405584 core:AfterOneYear 2023-04-30 07405584 core:ShareCapital 2024-04-30 07405584 core:ShareCapital 2023-04-30 07405584 core:RetainedEarningsAccumulatedLosses 2024-04-30 07405584 core:RetainedEarningsAccumulatedLosses 2023-04-30 07405584 core:NetGoodwill 2023-04-30 07405584 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 07405584 core:Non-currentFinancialInstruments 2024-04-30 07405584 core:Non-currentFinancialInstruments 2023-04-30 07405584 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 07405584 core:PlantMachinery 2023-04-30 07405584 core:FurnitureFittings 2023-04-30 07405584 core:MotorVehicles 2023-04-30 07405584 bus:SmallEntities 2023-05-01 2024-04-30 07405584 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07405584 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07405584 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07405584 bus:FullAccounts 2023-05-01 2024-04-30 07405584 core:OfficeEquipment 2023-05-01 2024-04-30 07405584 core:OfficeEquipment 2023-04-30 07405584 core:OfficeEquipment 2024-04-30 07405584 core:AfterOneYear 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 07405584
Suffolk Implant Centre Limited
Unaudited financial statements
30 April 2024
Suffolk Implant Centre Limited
Statement of financial position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
92,341
123,120
Tangible assets
6
134,522
124,930
Investments
7
672
672
---------
---------
227,535
248,722
Current assets
Stocks
1,875
1,875
Debtors
8
315,894
124,744
Cash at bank and in hand
16,406
111,188
---------
---------
334,175
237,807
Creditors: Amounts falling due within one year
9
( 326,178)
( 246,480)
---------
---------
Net current assets/(liabilities)
7,997
( 8,673)
---------
---------
Total assets less current liabilities
235,532
240,049
Creditors: Amounts falling due after more than one year
10
( 174,929)
( 194,427)
Provisions
Taxation including deferred tax
( 32,249)
( 34,818)
---------
---------
Net assets
28,354
10,804
---------
---------
Capital and reserves
Called up share capital
10
10
Profit and loss account
28,344
10,794
-------
-------
Shareholders funds
28,354
10,804
-------
-------
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 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Suffolk Implant Centre Limited
Statement of financial position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Dr K F Andersson
Director
Company registration number: 07405584
Suffolk Implant Centre Limited
Notes to the financial statements
Year ended 30 April 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 64 High Street, Ixworth, Bury St Edmunds, IP31 2HJ, Suffolk.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Amortisation of goodwill is estimated over 10 years. The carrying value at the year end was £92,341 (2023: £123,120).
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.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences .
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
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.
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:
Freehold property
-
2% straight line
Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
33% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution pensions are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of employees during the year was 5 (2023: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
307,794
---------
Amortisation
At 1 May 2023
184,674
Charge for the year
30,779
---------
At 30 April 2024
215,453
---------
Carrying amount
At 30 April 2024
92,341
---------
At 30 April 2023
123,120
---------
6. Tangible assets
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 May 2023
5,655
148,142
8,338
45,975
745
208,855
Additions
39,738
5,181
44,919
------
---------
-------
-------
----
---------
At 30 April 2024
5,655
187,880
13,519
45,975
745
253,774
------
---------
-------
-------
----
---------
Depreciation
At 1 May 2023
113
69,990
2,084
11,493
245
83,925
Charge for the year
113
23,572
2,858
8,621
163
35,327
------
---------
-------
-------
----
---------
At 30 April 2024
226
93,562
4,942
20,114
408
119,252
------
---------
-------
-------
----
---------
Carrying amount
At 30 April 2024
5,429
94,318
8,577
25,861
337
134,522
------
---------
-------
-------
----
---------
At 30 April 2023
5,542
78,152
6,254
34,482
500
124,930
------
---------
-------
-------
----
---------
7. Investments
Other investments other than loans
£
Cost
At 1 May 2023 and 30 April 2024
672
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
672
----
At 30 April 2023
672
----
8. Debtors
2024
2023
£
£
Trade debtors
137,385
19,027
Other debtors
178,509
105,717
---------
---------
315,894
124,744
---------
---------
9. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
17,784
77,670
Trade creditors
22,460
30,157
Social security and other taxes
82,443
62,675
Associate creditor
136,887
18,528
Other creditors
66,604
57,450
---------
---------
326,178
246,480
---------
---------
The loan is secured on the property concerned and its fixtures.
10. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
174,929
194,427
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £103,790 (2023: £130,143) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. The loan is secured on the property concerned and its fixtures.
11. Directors' advances, credits and guarantees
During the year the director operated a loan with the company at a HM & Revenue approved interest rate. As at the year end the director owed the company £54,402. (2023: £39,474).