Amersham Dental Care Limited - Period Ending 2020-03-31

Amersham Dental Care Limited

Contents

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

Amersham Dental Care Limited

Balance Sheet

31 March 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	5	22,548	16,692
Current assets
Stocks	6	11,000	11,000
Debtors	7	93,337	93,513
Cash at bank and in hand		58,903	-
		163,240	104,513
Creditors: Amounts falling due within one year	8	(106,840)	(120,930)
Net current assets/(liabilities)		56,400	(16,417)
Net assets		78,948	275
Capital and reserves
Called up share capital	10	2	2
Profit and loss account		78,946	273
Shareholders' funds		78,948	275

Amersham Dental Care Limited

Balance Sheet

31 March 2020

For the financial period 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 period 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 30 April 2021 and signed on its behalf by:
 

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

Company Registration Number: 06538485

Amersham Dental Care Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2019 to 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Francis Clark LLP
North Quay House
Sutton Harbour
Plymouth
PL4 0RA

The principal place of business is:
146 Station Road
Amersham
Buckinghamshire
HP6 5DW

These financial statements were authorised for issue by the Board on 30 April 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.

Disclosure of long or short period

The company shortened its accounting period from 30 April 2020 to 31 March 2020 to align with associated companies.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Amersham Dental Care Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2019 to 31 March 2020

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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
Fixtures and Fittings	25% reducing balance
ICT Equipment	25% reducing balance

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Amersham Dental Care Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2019 to 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 period, was 8 (2019 - 8).

Amersham Dental Care Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2019 to 31 March 2020

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2019	400,000	400,000
At 31 March 2020	400,000	400,000
Amortisation
At 1 May 2019	400,000	400,000
At 31 March 2020	400,000	400,000
Carrying amount
At 31 March 2020	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2019	85,992	85,992
Additions	9,754	9,754
At 31 March 2020	95,746	95,746
Depreciation
At 1 May 2019	69,300	69,300
Charge for the period	3,898	3,898
At 31 March 2020	73,198	73,198
Carrying amount
At 31 March 2020	22,548	22,548
At 30 April 2019	16,692	16,692

6

Stocks

	2020 £	2019 £
Other inventories	11,000	11,000

Amersham Dental Care Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2019 to 31 March 2020

7

Debtors

	Note	2020 £	2019 £
Trade debtors		8,485	9,475
Amounts owed by group undertakings	11	484	-
Prepayments		-	4,500
Other debtors		84,368	79,538
		93,337	93,513

Amersham Dental Care Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2019 to 31 March 2020

8

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Loans and borrowings	9	-	30,694
Trade creditors		62,768	32,400
Taxation and social security		24,858	26,215
Accruals and deferred income		-	14,828
Other creditors		19,214	16,793
		106,840	120,930

9	Loans and borrowings

	2020 £	2019 £
Current loans and borrowings
Bank overdrafts	-	30,694

10	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary A of £1 each	1	1	1	1
Ordinary B of £1 each	1	1	1	1
	2	2	2	2

11	Related party transactions

12	Parent and ultimate parent undertaking

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

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