Registered number
06697170
Synergy Dental Practices Ltd
Filleted Accounts
31 August 2024
Synergy Dental Practices Ltd
Registered number: 06697170
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 116,150 22,231
Current assets
Stocks 1,159 1,220
Debtors 4 99,388 73,225
Cash at bank and in hand 40,351 50,256
140,898 124,701
Creditors: amounts falling due within one year 5 (282,150) (230,878)
Net current liabilities (141,252) (106,177)
Net liabilities (25,102) (83,946)
Capital and reserves
Called up share capital 100 100
Profit and loss account (25,202) (84,046)
Shareholders' funds (25,102) (83,946)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Z Bagasi
Director
Approved by the board on 3 January 2025
Synergy Dental Practices Ltd
Notes to the Accounts
for the year ended 31 August 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.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 - 43,340 43,340
Additions 60,294 42,906 103,200
At 31 August 2024 60,294 86,246 146,540
Depreciation
At 1 September 2023 - 21,109 21,109
Charge for the year 335 8,946 9,281
At 31 August 2024 335 30,055 30,390
Net book value
At 31 August 2024 59,959 56,191 116,150
At 31 August 2023 - 22,231 22,231
4 Debtors 2024 2023
£ £
Trade debtors 28,174 30,596
Other debtors 71,214 42,629
99,388 73,225
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 225,427 211,685
Taxation and social security costs 1,214 1,315
Other creditors 55,509 17,878
282,150 230,878
6 Controlling party
During the year there was no ultimate controlling party.
7 Other information
Synergy Dental Practices Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Oceanic House Navigation Business park
94 Water Meeting Road
Bolton
BL1 8SW
Synergy Dental Practices Ltd 06697170 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Z Bagasi No description of principal activity 06697170 2022-09-01 2023-08-31 06697170 core:WithinOneYear 2023-08-31 06697170 core:ShareCapital 2023-08-31 06697170 core:RetainedEarningsAccumulatedLosses 2023-08-31 06697170 2023-09-01 2024-08-31 06697170 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06697170 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06697170 bus:Director40 2023-09-01 2024-08-31 06697170 1 2023-09-01 2024-08-31 06697170 2 2023-09-01 2024-08-31 06697170 core:LandBuildings 2023-09-01 2024-08-31 06697170 core:PlantMachinery 2023-09-01 2024-08-31 06697170 countries:England 2023-09-01 2024-08-31 06697170 bus:FRS102 2023-09-01 2024-08-31 06697170 bus:FilletedAccounts 2023-09-01 2024-08-31 06697170 2024-08-31 06697170 core:WithinOneYear 2024-08-31 06697170 core:ShareCapital 2024-08-31 06697170 core:RetainedEarningsAccumulatedLosses 2024-08-31 06697170 core:LandBuildings 2024-08-31 06697170 core:PlantMachinery 2024-08-31 06697170 2023-08-31 06697170 core:LandBuildings 2023-08-31 06697170 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure