Company Registration No. 06441991 (England and Wales)
PARADE DENTAL PRACTICE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PARADE DENTAL PRACTICE LIMITED
COMPANY INFORMATION
Directors
Mr Adrian Byrne
Mr M Byrne
Company number
06441991
Registered office
48A North Street
Bridgwater
Somerset
TA6 3PN
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
PARADE DENTAL PRACTICE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PARADE DENTAL PRACTICE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
42,265
44,147
Current assets
Debtors
5
7,396
3,010
Cash at bank and in hand
155,625
44,955
163,021
47,965
Creditors: amounts falling due within one year
6
(169,430)
(38,518)
Net current (liabilities)/assets
(6,409)
9,447
Total assets less current liabilities
35,856
53,594
Provisions for liabilities
(7,722)
(7,957)
Net assets
28,134
45,637
Capital and reserves
Called up share capital
7
200
200
Profit and loss reserves
27,934
45,437
Total equity
28,134
45,637
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Mr Adrian Byrne
Director
Company Registration No. 06441991
PARADE DENTAL PRACTICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
Parade Dental Practice Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.
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 £.
The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2
Turnover
Turnover represents the total invoice value of services provided during the year.
Revenue from contracts for the provision of professional services under the NHS is a set price per unit.
Revenue from contracts for the provision of private 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
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Land and buildings Leasehold
Straight line over the life of the lease
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
3 years straight line
1.4
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.
1.5
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
PARADE DENTAL PRACTICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.8
Retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.
The company also operates a defined benefit pension scheme for employees. The assets of the scheme are held separately from those of the company. The pension costs charged in the financial statements represent the contribution payable by the company during the year.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 10 (2024 - 9).
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
199,321
Amortisation and impairment
At 1 April 2024 and 31 March 2025
199,321
Carrying amount
At 31 March 2025
At 31 March 2024
PARADE DENTAL PRACTICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Tangible fixed assets
Land and buildings Leasehold
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2024
25,120
195,264
29,628
250,012
Business combinations
9,002
4,062
13,064
At 31 March 2025
25,120
204,266
33,690
263,076
Depreciation and impairment
At 1 April 2024
17,152
159,249
29,464
205,865
Depreciation charged in the year
2,169
11,259
1,518
14,946
At 31 March 2025
19,321
170,508
30,982
220,811
Carrying amount
At 31 March 2025
5,799
33,758
2,708
42,265
At 31 March 2024
7,968
36,015
164
44,147
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Unpaid share capital
20
20
Other debtors
522
522
Prepayments and accrued income
6,854
2,468
7,396
3,010
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,360
6,908
Corporation tax
21,459
6,641
Other taxation and social security
3,873
4,870
Other creditors
134,880
17,291
Accruals and deferred income
2,858
2,808
169,430
38,518
PARADE DENTAL PRACTICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
180 Ordinary A shares of £1 each
180
180
20 Ordinary B shares of £1 each
20
20
200
200