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Registered number: 14386775
LIBERTY DENTAL GROUP LTD
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ortu Advisors Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14386775
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,316 60,619
51,316 60,619
CURRENT ASSETS
Debtors 5 65,950 14,710
Cash at bank and in hand 8,075 2,031
74,025 16,741
Creditors: Amounts Falling Due Within One Year 6 (77,921 ) (85,494 )
NET CURRENT ASSETS (LIABILITIES) (3,896 ) (68,753 )
TOTAL ASSETS LESS CURRENT LIABILITIES 47,420 (8,134 )
NET ASSETS/(LIABILITIES) 47,420 (8,134 )
CAPITAL AND RESERVES
Called up share capital 7 101 101
Profit and Loss Account 47,319 (8,235 )
SHAREHOLDERS' FUNDS 47,420 (8,134)
For the year ending 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 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
Ms Rachel Dilley
Director
Mr Gavin Rees
Director
21/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
LIBERTY DENTAL GROUP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14386775 . The registered office is Tower Hill Dental Practice 2 Tower Hill, Sowerby Bridge,Halifax, West Yorkshire, England, HX6 2EQ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Leasehold 5% on cost
Plant & Machinery 20% on cost
Computer Equipment 25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 21,409 44,608 6,126 72,143
As at 31 December 2024 21,409 44,608 6,126 72,143
Depreciation
As at 1 January 2024 1,070 8,922 1,532 11,524
Provided during the period 1,017 7,137 1,149 9,303
As at 31 December 2024 2,087 16,059 2,681 20,827
Net Book Value
As at 31 December 2024 19,322 28,549 3,445 51,316
As at 1 January 2024 20,339 35,686 4,594 60,619
Page 2
Page 3
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors 65,950 14,710
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Hire Purchase Loan 18,621 26,193
Other creditors 59,300 59,301
77,921 85,494
7. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 101 101
Page 3