Dentalcare Brackley Limited - Period Ending 2020-03-31

Dentalcare Brackley Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 8

Dentalcare Brackley Limited

Balance Sheet

31 March 2020

	Note	2020 £	2019 £
Fixed assets
Intangible assets	4	220,873	231,091
Tangible assets	5	132,790	151,636
		353,663	382,727
Current assets
Stocks		501	3,512
Debtors	6	77,804	101,193
Cash at bank and in hand		8,236	12,396
		86,541	117,101
Creditors: Amounts falling due within one year	7	(49,879)	(59,086)
Net current assets		36,662	58,015
Total assets less current liabilities		390,325	440,742
Creditors: Amounts falling due after more than one year	7	(388,422)	(439,728)
Net assets		1,903	1,014
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,803	914
Total equity		1,903	1,014

Dentalcare Brackley Limited

Balance Sheet

31 March 2020

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 March 2021 and signed on its behalf by:
 

......................................... Dr R S Dharwar Director

Company Registration Number: 11204358

Dentalcare Brackley Limited

Notes to the Financial Statements

Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
North Quay House
Sutton Harbour
Plymouth
PL4 0RA
United Kingdom

The principal place of business is:
2 Bridge Street
Brackley
Northamptonshire
NN13 7EP
United Kingdom

These financial statements were authorised for issue by the Board on 23 March 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Dentalcare Brackley Limited

Notes to the Financial Statements

Year Ended 31 March 2020

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold	Nil
Fixtures and fittings	20% reducing balance
Computer equipment	20% reducing balance
Plant and machinery	20% reducing balance
Property improvements	20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line
Website	3 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Dentalcare Brackley Limited

Notes to the Financial Statements

Year Ended 31 March 2020

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2019 - 8).

Dentalcare Brackley Limited

Notes to the Financial Statements

Year Ended 31 March 2020

4	Intangible assets

	Goodwill  £	Website £	Total £
Cost or valuation
At 1 April 2019	247,425	-	247,425
Additions acquired separately	-	2,500	2,500
At 31 March 2020	247,425	2,500	249,925
Amortisation
At 1 April 2019	16,334	-	16,334
Amortisation charge	12,371	347	12,718
At 31 March 2020	28,705	347	29,052
Carrying amount
At 31 March 2020	218,720	2,153	220,873
At 31 March 2019	231,091	-	231,091

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2019	50,000	11,177	114,630	175,807
Additions	-	1,762	-	1,762
At 31 March 2020	50,000	12,939	114,630	177,569
Depreciation
At 1 April 2019	-	1,341	22,830	24,171
Charge for the year	-	2,248	18,360	20,608
At 31 March 2020	-	3,589	41,190	44,779
Carrying amount
At 31 March 2020	50,000	9,350	73,440	132,790
At 31 March 2019	50,000	9,836	91,800	151,636

Dentalcare Brackley Limited

Notes to the Financial Statements

Year Ended 31 March 2020

6

Debtors

	Note	2020 £	2019 £
Amounts due from group undertakings		259	-
Other debtors		76,333	93,910
Prepayments		1,212	7,283
		77,804	101,193

7

Creditors

Creditors: amounts falling due within one year

	2020 £	31 March 2019  £
Due within one year
Trade creditors	35,873	54,655
Social security and other taxes	11,052	2,107
Outstanding defined contribution pension costs	432	281
Other creditors	2,522	2,043
	49,879	59,086

Creditors: amounts falling due after more than one year

	Note	2020 £	2019 £
Due after one year
Loans and borrowings	8	388,422	439,728

8	Loans and borrowings

	2020 £	2019 £
Loans and borrowings due after one year
Other borrowings	388,422	439,728

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

Dentalcare Brackley Limited

Notes to the Financial Statements

Year Ended 31 March 2020

The total amount of financial commitments not included in the balance sheet is £225,000 (2019 - £250,000).

10	Parent and ultimate parent undertaking

The ultimate controlling party are the directors Dr R S Dharwar and Dr R K Dharwar by virtue of their majority shareholding in Dentalcare Group Limited.

 The company's immediate parent is Dentalcare Group Limited, incorporated in United Kingdom.

  These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.