Company Registration No. 10210598 (England and Wales)
PLATINUM DENTAL CARE LTD
Unaudited accounts
for the year ended 30 June 2024
PLATINUM DENTAL CARE LTD
Unaudited accounts
Contents
PLATINUM DENTAL CARE LTD
Company Information
for the year ended 30 June 2024
Directors
Rishi Shah
Sarika Shah
Company Number
10210598 (England and Wales)
PLATINUM DENTAL CARE LTD
Statement of financial position
as at 30 June 2024
Intangible assets
138,286
190,143
Tangible assets
263,861
297,620
Cash at bank and in hand
593,789
558,167
Creditors: amounts falling due within one year
(417,777)
(308,212)
Net current assets
455,776
323,307
Total assets less current liabilities
857,923
811,070
Creditors: amounts falling due after more than one year
(351,485)
(528,962)
Provisions for liabilities
Deferred tax
(66,244)
(74,405)
Net assets
440,194
207,703
Called up share capital
2
2
Profit and loss account
440,192
207,701
Shareholders' funds
440,194
207,703
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by
Rishi Shah
Director
Company Registration No. 10210598
PLATINUM DENTAL CARE LTD
Notes to the Accounts
for the year ended 30 June 2024
PLATINUM DENTAL CARE LTD is a private company, limited by shares, registered in England and Wales, registration number 10210598.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
17% straight line
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is being amortised evenly over it's estimated useful life of ten years.
Stocks are valued at the lower of cost and net realisable value.
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
PLATINUM DENTAL CARE LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Intangible fixed assets
Other
Charge for the year
51,857
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
458,405
61,599
20,739
540,743
Additions
4,810
-
1,133
5,943
At 30 June 2024
463,215
61,599
21,872
546,686
At 1 July 2023
202,936
32,294
7,893
243,123
Charge for the year
27,303
10,302
2,097
39,702
At 30 June 2024
230,239
42,596
9,990
282,825
At 30 June 2024
232,976
19,003
11,882
263,861
At 30 June 2023
255,469
29,305
12,846
297,620
Amounts falling due within one year
Accrued income and prepayments
2,244
4,718
Other debtors
63,392
55,312
7
Investments held as current assets
2024
2023
Unlisted investments
200,000
-
PLATINUM DENTAL CARE LTD
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
40,702
-
Obligations under finance leases and hire purchase contracts
58,169
-
Taxes and social security
166,254
108,924
Other creditors
58,333
58,896
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
294,613
373,852
Obligations under finance leases and hire purchase contracts
56,872
155,110
The bank loans of £335,314 are secured by the personal property of the directors.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' Loan Account Overdrawn
41,355
157,459
188,864
9,950
41,355
157,459
188,864
9,950
11
Average number of employees
During the year the average number of employees was 13 (2023: 12).