Registered number
13206246
Synergy Dental Clinic Oldham Ltd
Filleted Accounts
31 August 2024
Synergy Dental Clinic Oldham Ltd
Registered number: 13206246
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 330,000 -
Tangible assets 4 153,635 176,581
483,635 176,581
Current assets
Stocks 512 487
Debtors 5 33,673 21,082
Cash at bank and in hand 36,950 69,126
71,135 90,695
Creditors: amounts falling due within one year 6 (76,482) (116,863)
Net current liabilities (5,347) (26,168)
Total assets less current liabilities 478,288 150,413
Creditors: amounts falling due after more than one year 7 (506,974) (146,474)
Provisions for liabilities (16,637) (3,059)
Net (liabilities)/assets (45,323) 880
Capital and reserves
Called up share capital 100 100
Profit and loss account (45,423) 780
Shareholders' funds (45,323) 880
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 Clinic Oldham 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 equipment 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
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.
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 5 5
3 Intangible fixed assets £
Goodwill:
Cost
Additions 360,000
At 31 August 2024 360,000
Amortisation
Provided during the year 30,000
At 31 August 2024 30,000
Net book value
At 31 August 2024 330,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 12 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 70,445 148,046 218,491
Additions - 304 304
At 31 August 2024 70,445 148,350 218,795
Depreciation
At 1 September 2023 2,762 39,148 41,910
Charge for the year 1,409 21,841 23,250
At 31 August 2024 4,171 60,989 65,160
Net book value
At 31 August 2024 66,274 87,361 153,635
At 31 August 2023 67,683 108,898 176,581
5 Debtors 2024 2023
£ £
Trade debtors 30,202 17,418
Amounts owed by group undertakings and undertakings in which the company has a participating interest 374 -
Other debtors 3,097 3,664
33,673 21,082
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 63,286 100,980
Taxation and social security costs 2,387 953
Other creditors 10,809 14,930
76,482 116,863
7 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 266,524 146,474
Other creditors 240,450 -
506,974 146,474
8 Controlling party
There is no ultimate controlling party
9 Other information
Synergy Dental Clinic Oldham Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Oceanic House Navigation Business Park
94 Water Meetings Road
Bolton
BL1 8SW
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