Company registration number 07734855 (England and Wales)
CAREDENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CAREDENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CAREDENT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
597,251
579,481
Current assets
Debtors
5
70,363
73,165
Cash at bank and in hand
69,470
28,098
139,833
101,263
Creditors: amounts falling due within one year
6
(757,708)
(767,156)
Net current liabilities
(617,875)
(665,893)
Net liabilities
(20,624)
(86,412)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(20,626)
(86,414)
Total equity
(20,624)
(86,412)
For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 29 May 2025 and are signed on its behalf by:
Mr Sukal Verma
Director
Company registration number 07734855 (England and Wales)
CAREDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Caredent Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Bilbrook Lane, Furzton, Milton Keynes, MK4 1LW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 4 years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
N/A
Leasehold land and buildings
at varying rates on cost
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
CAREDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
5
5
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
318,180
Amortisation and impairment
At 1 January 2024 and 31 December 2024
318,180
Carrying amount
At 31 December 2024
At 31 December 2023
4
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
£
Cost
At 1 January 2024
539,361
1,837
84,578
31,306
1,361
658,443
Additions
2,483
32,883
499
35,865
At 31 December 2024
541,844
1,837
117,461
31,805
1,361
694,308
Depreciation and impairment
At 1 January 2024
516
47,455
30,198
793
78,962
Depreciation charged in the year
50
17,502
401
142
18,095
At 31 December 2024
566
64,957
30,599
935
97,057
Carrying amount
At 31 December 2024
541,844
1,271
52,504
1,206
426
597,251
At 31 December 2023
539,361
1,321
37,123
1,108
568
579,481
CAREDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
70,363
73,165
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
637,193
665,850
Corporation tax
57,976
59,568
Other taxation and social security
898
Other creditors
61,641
41,738
757,708
767,156