Registered number
14016917
SYNERGY DENTAL CLINIC BURNLEY LTD
Filleted Accounts
31 August 2024
SYNERGY DENTAL CLINIC BURNLEY LTD
Registered number: 14016917
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 470,966 529,837
Tangible assets 4 129,547 88,659
600,513 618,496
Current assets
Stocks 662 631
Debtors 5 30,076 38,971
Cash at bank and in hand 87,727 99,493
118,465 139,095
Creditors: amounts falling due within one year 6 (134,966) (148,554)
Net current liabilities (16,501) (9,459)
Total assets less current liabilities 584,012 609,037
Creditors: amounts falling due after more than one year 7 (626,892) (626,893)
Net liabilities (42,880) (17,856)
Capital and reserves
Called up share capital 100 100
Profit and loss account (42,980) (17,956)
Shareholders' funds (42,880) (17,856)
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 BURNLEY 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and equipment 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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 7 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 588,708
At 31 August 2024 588,708
Amortisation
At 1 September 2023 58,871
Provided during the year 58,871
At 31 August 2024 117,742
Net book value
At 31 August 2024 470,966
At 31 August 2023 529,837
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 - 105,547 105,547
Additions 36,017 26,527 62,544
At 31 August 2024 36,017 132,074 168,091
Depreciation
At 1 September 2023 - 16,888 16,888
Charge for the year 311 21,345 21,656
At 31 August 2024 311 38,233 38,544
Net book value
At 31 August 2024 35,706 93,841 129,547
At 31 August 2023 - 88,659 88,659
5 Debtors 2024 2023
£ £
Trade debtors 29,353 38,971
Other debtors 723 -
30,076 38,971
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 123,730 138,565
Taxation and social security costs 222 279
Other creditors 11,014 9,710
134,966 148,554
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 626,892 626,893
8 Controlling party
The company is under the control of Synergy Dental Clinic Ltd.
9 Other information
SYNERGY DENTAL CLINIC BURNLEY LTD is a private company limited by shares and incorporated in England. Its registered office is:
Oceanic House, Navigation Business Park
94 Waters Meeting Road
Bolton
BL1 8SW
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