Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08464005 Mr B R Taylor Mrs L Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08464005 2024-03-31 08464005 2025-03-31 08464005 2024-04-01 2025-03-31 08464005 frs-core:CurrentFinancialInstruments 2025-03-31 08464005 frs-core:Non-currentFinancialInstruments 2025-03-31 08464005 frs-core:BetweenOneFiveYears 2025-03-31 08464005 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08464005 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08464005 frs-core:PlantMachinery 2025-03-31 08464005 frs-core:PlantMachinery 2024-04-01 2025-03-31 08464005 frs-core:PlantMachinery 2024-03-31 08464005 frs-core:WithinOneYear 2025-03-31 08464005 frs-core:ShareCapital 2025-03-31 08464005 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08464005 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08464005 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08464005 frs-bus:SmallEntities 2024-04-01 2025-03-31 08464005 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08464005 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08464005 frs-bus:Director1 2024-04-01 2025-03-31 08464005 frs-bus:Director1 2024-03-31 08464005 frs-bus:Director1 2025-03-31 08464005 frs-bus:Director2 2024-04-01 2025-03-31 08464005 frs-bus:Director2 2024-03-31 08464005 frs-bus:Director2 2025-03-31 08464005 frs-countries:EnglandWales 2024-04-01 2025-03-31 08464005 2023-03-31 08464005 2024-03-31 08464005 2023-04-01 2024-03-31 08464005 frs-core:CurrentFinancialInstruments 2024-03-31 08464005 frs-core:Non-currentFinancialInstruments 2024-03-31 08464005 frs-core:BetweenOneFiveYears 2024-03-31 08464005 frs-core:WithinOneYear 2024-03-31 08464005 frs-core:ShareCapital 2024-03-31 08464005 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08464005
Lee-On-The-Solent Dental Practice Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Phelan Cloud Accounting
Chartered Certified Accountants
8A Basepoint Business Centre
Waterberry Drive
Waterlooville
Hampshire
PO7 7TH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08464005
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,908 11,734
8,908 11,734
CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 69,124 83,021
Cash at bank and in hand 18,498 1,952
91,622 88,973
Creditors: Amounts Falling Due Within One Year 6 (63,490 ) (51,931 )
NET CURRENT ASSETS (LIABILITIES) 28,132 37,042
TOTAL ASSETS LESS CURRENT LIABILITIES 37,040 48,776
Creditors: Amounts Falling Due After More Than One Year 7 (30,945 ) (45,523 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,227 ) (2,934 )
NET ASSETS 3,868 319
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,768 219
SHAREHOLDERS' FUNDS 3,868 319
Page 1
Page 2
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B R Taylor
Director
30 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lee-On-The-Solent Dental Practice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08464005 . The registered office is 8a Basepoint Business Centre, Waterberry Drive, Waterlooville, Hampshire, PO7 7TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 20% Straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 6)
5 6
Page 3
Page 4
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 73,005
Additions 699
As at 31 March 2025 73,704
Depreciation
As at 1 April 2024 61,271
Provided during the period 3,525
As at 31 March 2025 64,796
Net Book Value
As at 31 March 2025 8,908
As at 1 April 2024 11,734
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,848 6,556
Other debtors 62,276 76,465
69,124 83,021
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,525 6,108
Bank loans and overdrafts 14,690 14,757
Other creditors 1,821 1,749
Taxation and social security 41,454 29,317
63,490 51,931
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 30,945 45,523
8. Secured Creditors
Of the creditors the following amounts are secured.
Bank loans totalling £39,526 (2024: £49,071) are secured against a personal guarantee by the directors.
Bank loans totalling £6,109 (2024: £11,209) relate to a loan granted under the Bounce Back Loan Scheme. In the event of default by the company, repayment of the loan and interest is guaranteed by the UK government.
2025 2024
£ £
Bank loans and overdrafts 45,635 60,280
Page 4
Page 5
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 7,474 7,637
Later than one year and not later than five years 21,798 -
29,272 7,637
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Bernard Taylor 27,116 53,421 60,000 - 20,537
Mrs Lisa Taylor 27,116 53,421 60,000 - 20,537
The above loan is unsecured, interest free and repayable on demand.
Page 5