Marylebone Dental Practice Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06044976 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2020

for

Marylebone Dental Practice Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr R Silvester

Mrs J E Silvester

SECRETARY:

Mrs J E Silvester

REGISTERED OFFICE:

Third Floor, Scottish Mutual House

27 - 29 North Street

Hornchurch

Essex

RM11 1RS

REGISTERED NUMBER:

06044976 (England and Wales)

ACCOUNTANTS:

Havard & Associates

Third Floor

Scottish Mutual House

27-29 North Street

Hornchurch

Essex

RM11 1RS

FIXED ASSETS

Intangible assets

4

95,400

111,300

Tangible assets

5

22,817

25,575

118,217

136,875

CURRENT ASSETS

Debtors

6

21,864

41,597

Cash at bank

212,277

175,251

234,141

216,848

CREDITORS

Amounts falling due within one year

7

28,514

30,140

NET CURRENT ASSETS

205,627

186,708

TOTAL ASSETS LESS CURRENT LIABILITIES

323,844

323,583

PROVISIONS FOR LIABILITIES

3,751

4,365

NET ASSETS

320,093

319,218

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

319,993

319,118

SHAREHOLDERS' FUNDS

320,093

319,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2020 and were signed on its behalf by:

Mr R Silvester - Director

1.	STATUTORY INFORMATION

Marylebone Dental Practice Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2019

and 31 January 2020

238,500

AMORTISATION

At 1 February 2019

127,200

Charge for year

15,900

At 31 January 2020

143,100

NET BOOK VALUE

At 31 January 2020

95,400

At 31 January 2019

111,300

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2019

124,022

Additions

2,946

At 31 January 2020

126,968

DEPRECIATION

At 1 February 2019

98,447

Charge for year

5,704

At 31 January 2020

104,151

NET BOOK VALUE

At 31 January 2020

22,817

At 31 January 2019

25,575

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Trade debtors

8,900

27,295

Other debtors

12,964

14,302

21,864

41,597

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Trade creditors

-

1,118

Taxation and social security

25,940

26,622

Other creditors

2,574

2,400

28,514

30,140

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2020 and

31 January 2019:

31.1.20

31.1.19

£

£

Mr R Silvester

Balance outstanding at start of year

7,151

7,373

Amounts advanced

6,481

7,151

Amounts repaid

(7,151

)

(7,373

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,481

7,151

Mrs J E Silvester

Balance outstanding at start of year

7,151

7,373

Amounts advanced

6,482

7,151

Amounts repaid

(7,151

)

(7,373

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,482

7,151

Interest was charged on the above loans at 2.5%.