Company registration number 07370093 (England and Wales)
COLCHESTER DENTAL SURGERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
COLCHESTER DENTAL SURGERY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
COLCHESTER DENTAL SURGERY LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
130,710
56,179
Current assets
Stocks
2,332
2,589
Debtors
5
204,278
209,084
Cash at bank and in hand
24,772
1,066
231,382
212,739
Creditors: amounts falling due within one year
6
(235,674)
(182,636)
Net current (liabilities)/assets
(4,292)
30,103
Total assets less current liabilities
126,418
86,282
Creditors: amounts falling due after more than one year
7
(96,216)
(67,051)
Provisions for liabilities
(29,738)
(8,297)
Net assets
464
10,934
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
364
10,834
Total equity
464
10,934

The notes on pages 3 to 8 form part of these financial statements.

COLCHESTER DENTAL SURGERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -

For the financial year ended 30 June 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 5 June 2025 and are signed on its behalf by:
Dr Nishat Afroz
Dr Mujtaba Hasan
Director
Director
Company registration number 07370093 (England and Wales)
COLCHESTER DENTAL SURGERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Colchester Dental Surgery Limited is a private company limited by shares incorporated in England and Wales. The registered office is Colchester Dental Practice, 1-3 Lady Margaret Court, Colchester Avenue, South Glamorgan, CF23 9AW.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

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. It is amortised over its estimated economic life of 10 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.

COLCHESTER DENTAL SURGERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -

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:

Plant and equipment
25% - reducing balance
Fixtures and fittings
25% - reducing balance
Computers
33% - straight line
Motor vehicles
25% - 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
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

COLCHESTER DENTAL SURGERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

COLCHESTER DENTAL SURGERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
11
10
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
352,000
Amortisation and impairment
At 1 July 2023 and 30 June 2024
352,000
Carrying amount
At 30 June 2024
-
0
At 30 June 2023
-
0
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
138,308
7,316
25,661
14,684
185,969
Additions
85,330
2,492
1,432
-
0
89,254
At 30 June 2024
223,638
9,808
27,093
14,684
275,223
Depreciation and impairment
At 1 July 2023
93,821
5,494
24,400
6,075
129,790
Depreciation charged in the year
11,193
526
852
2,152
14,723
At 30 June 2024
105,014
6,020
25,252
8,227
144,513
Carrying amount
At 30 June 2024
118,624
3,788
1,841
6,457
130,710
At 30 June 2023
44,487
1,822
1,261
8,609
56,179
COLCHESTER DENTAL SURGERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
53,463
33,355
Other debtors
150,815
174,908
Prepayments and accrued income
-
0
821
204,278
209,084
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
86,628
85,986
Obligations under finance leases
28,225
17,252
Trade creditors
20,690
9,493
Corporation tax
71,841
61,043
Other taxation and social security
4,622
2,257
Other creditors
18,190
2,275
Accruals and deferred income
5,478
4,330
235,674
182,636
7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
8,215
44,239
Obligations under finance leases
88,001
22,812
96,216
67,051
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
80
90
80
90
Ordinary B of £1 each
10
10
10
10
Ordinary C of £1 each
10
0
10
-
0
100
100
100
100
COLCHESTER DENTAL SURGERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
9
Capital commitments
2024
2023
£
£
Acquisition of tangible fixed assets
116,226
40,064
10
Related party transactions

At the balance sheet date the directors owed the company £142,184 (2023: £168,192).

 

11
Ultimate Controlling Party

The company's ultimate controlling party is Ms Nishat Afroz by virtue of his ownership of 80% of the issued share capital in the company.

 

2024-06-302023-07-01falsefalsefalse09 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMs N AfrozDr Mujtaba Hasan073700932023-07-012024-06-30073700932024-06-30073700932023-06-3007370093core:PlantMachinery2024-06-3007370093core:FurnitureFittings2024-06-3007370093core:ComputerEquipment2024-06-3007370093core:MotorVehicles2024-06-3007370093core:PlantMachinery2023-06-3007370093core:FurnitureFittings2023-06-3007370093core:ComputerEquipment2023-06-3007370093core:MotorVehicles2023-06-3007370093core:ShareCapital2024-06-3007370093core:ShareCapital2023-06-3007370093core:RetainedEarningsAccumulatedLosses2024-06-3007370093core:RetainedEarningsAccumulatedLosses2023-06-3007370093core:ShareCapitalOrdinaryShareClass12024-06-3007370093core:ShareCapitalOrdinaryShareClass12023-06-3007370093core:ShareCapitalOrdinaryShareClass22024-06-3007370093core:ShareCapitalOrdinaryShareClass22023-06-3007370093core:ShareCapitalOrdinaryShareClass32024-06-3007370093core:ShareCapitalOrdinaryShareClass32023-06-3007370093core:ShareCapitalOrdinaryShares2024-06-3007370093core:ShareCapitalOrdinaryShares2023-06-3007370093bus:Director12023-07-012024-06-3007370093bus:Director22023-07-012024-06-3007370093core:Goodwill2023-07-012024-06-3007370093core:PlantMachinery2023-07-012024-06-3007370093core:FurnitureFittings2023-07-012024-06-3007370093core:ComputerEquipment2023-07-012024-06-3007370093core:MotorVehicles2023-07-012024-06-30073700932022-07-012023-06-3007370093core:Goodwill2023-06-3007370093core:Goodwill2024-06-3007370093core:Goodwill2023-06-3007370093core:PlantMachinery2023-06-3007370093core:FurnitureFittings2023-06-3007370093core:ComputerEquipment2023-06-3007370093core:MotorVehicles2023-06-30073700932023-06-3007370093core:CurrentFinancialInstruments2024-06-3007370093core:CurrentFinancialInstruments2023-06-3007370093core:Non-currentFinancialInstruments2024-06-3007370093core:Non-currentFinancialInstruments2023-06-3007370093bus:OrdinaryShareClass12023-07-012024-06-3007370093bus:OrdinaryShareClass22023-07-012024-06-3007370093bus:OrdinaryShareClass32023-07-012024-06-3007370093bus:OrdinaryShareClass12024-06-3007370093bus:OrdinaryShareClass12023-06-3007370093bus:OrdinaryShareClass22024-06-3007370093bus:OrdinaryShareClass22023-06-3007370093bus:OrdinaryShareClass32024-06-3007370093bus:OrdinaryShareClass32023-06-3007370093bus:AllOrdinaryShares2024-06-3007370093bus:AllOrdinaryShares2023-06-3007370093bus:PrivateLimitedCompanyLtd2023-07-012024-06-3007370093bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007370093bus:FRS1022023-07-012024-06-3007370093bus:AuditExemptWithAccountantsReport2023-07-012024-06-3007370093bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP