4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 530,000 500,000 1,030,000 388,664 68,666 457,330 572,670 141,336 xbrli:pure xbrli:shares iso4217:GBP 7708268 2023-10-01 2024-09-30 7708268 2024-09-30 7708268 2023-09-30 7708268 2022-10-01 2023-09-30 7708268 2023-09-30 7708268 2022-09-30 7708268 core:PlantMachinery 2023-10-01 2024-09-30 7708268 core:FurnitureFittings 2023-10-01 2024-09-30 7708268 core:MotorVehicles 2023-10-01 2024-09-30 7708268 bus:Director1 2023-10-01 2024-09-30 7708268 core:NetGoodwill 2023-09-30 7708268 core:NetGoodwill 2024-09-30 7708268 core:LandBuildings 2023-09-30 7708268 core:PlantMachinery 2023-09-30 7708268 core:FurnitureFittings 2023-09-30 7708268 core:MotorVehicles 2023-09-30 7708268 core:LandBuildings 2024-09-30 7708268 core:PlantMachinery 2024-09-30 7708268 core:FurnitureFittings 2024-09-30 7708268 core:MotorVehicles 2024-09-30 7708268 core:NetGoodwill 2023-10-01 2024-09-30 7708268 core:AfterOneYear 2024-09-30 7708268 core:AfterOneYear 2023-09-30 7708268 core:WithinOneYear 2024-09-30 7708268 core:WithinOneYear 2023-09-30 7708268 core:ShareCapital 2024-09-30 7708268 core:ShareCapital 2023-09-30 7708268 core:RetainedEarningsAccumulatedLosses 2024-09-30 7708268 core:RetainedEarningsAccumulatedLosses 2023-09-30 7708268 core:NetGoodwill 2023-09-30 7708268 core:LandBuildings 2023-09-30 7708268 core:PlantMachinery 2023-09-30 7708268 core:FurnitureFittings 2023-09-30 7708268 core:MotorVehicles 2023-09-30 7708268 bus:SmallEntities 2023-10-01 2024-09-30 7708268 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 7708268 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 7708268 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 7708268 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 7708268
ABC ORAL HEALTHCARE Ltd
Filleted Unaudited Financial Statements
30 September 2024
ABC ORAL HEALTHCARE Ltd
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
572,670
141,336
Tangible assets
6
1,833,273
1,885,260
------------
------------
2,405,943
2,026,596
Current assets
Stocks
4,500
4,500
Debtors
7
10,298
Cash at bank and in hand
237,581
161,190
---------
---------
242,081
175,988
Creditors: amounts falling due within one year
8
884,648
494,293
---------
---------
Net current liabilities
642,567
318,305
------------
------------
Total assets less current liabilities
1,763,376
1,708,291
Creditors: amounts falling due after more than one year
9
1,307,759
1,349,189
------------
------------
Net assets
455,617
359,102
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
455,517
359,002
---------
---------
Shareholders funds
455,617
359,102
---------
---------
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 September 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 .
ABC ORAL HEALTHCARE Ltd
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 29 October 2024 , and are signed on behalf of the board by:
Dr S Rai
Director
Company registration number: 7708268
ABC ORAL HEALTHCARE Ltd
Notes to the Financial Statements
Year ended 30 September 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 136 St Albans Road, Watford, Hertforshire, WD24 4FT.
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.
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
-
Over 15 years
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.
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:
Plant & machinery
-
25% straight line
Fixtures & fittings
-
20% straight line
MV
-
20% straight line
Equipment
-
25% straight line
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.
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 4 (2023: 3 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023
530,000
Additions
500,000
------------
At 30 September 2024
1,030,000
------------
Amortisation
At 1 October 2023
388,664
Charge for the year
68,666
------------
At 30 September 2024
457,330
------------
Carrying amount
At 30 September 2024
572,670
------------
At 30 September 2023
141,336
------------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Oct 2023
1,777,500
176,674
46,522
28,500
160,617
2,189,813
Additions
22,380
22,380
------------
---------
--------
--------
---------
------------
At 30 Sep 2024
1,777,500
176,674
46,522
28,500
182,997
2,212,193
------------
---------
--------
--------
---------
------------
Depreciation
At 1 Oct 2023
162,343
28,869
17,100
96,241
304,553
Charge for the year
14,331
8,826
5,700
45,510
74,367
------------
---------
--------
--------
---------
------------
At 30 Sep 2024
176,674
37,695
22,800
141,751
378,920
------------
---------
--------
--------
---------
------------
Carrying amount
At 30 Sep 2024
1,777,500
8,827
5,700
41,246
1,833,273
------------
---------
--------
--------
---------
------------
At 30 Sep 2023
1,777,500
14,331
17,653
11,400
64,376
1,885,260
------------
---------
--------
--------
---------
------------
7. Debtors
2024
2023
£
£
Other debtors
10,298
----
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,502
Corporation tax
53,834
43,966
Other creditors
823,312
450,327
---------
---------
884,648
494,293
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,307,759
1,349,189
------------
------------
10. Financial instruments
There is no material requirement to disclose Financial Instruments at fair value.
11. Director's advances, credits and guarantees
There are no material trans actions with the director requiring further disclosures.
12. Related party transactions
The company was under the control of Dr S Rai throughout the current and previous year. Dr S Rai is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.