Company Registration No. 08220533 (England and Wales)
SHDC Limited
Unaudited Financial Statements
for the year ended 31 March 2022
SHDC Limited
Unaudited Financial Statements
Contents
SHDC Limited
Company Information
for the year ended 31 March 2022
Directors
Dr Amarjit Singh Khambay
Dr Ali Rowther Hanifa Mubarak
Dr Kuldipsinh Girirajsinh Gohil
Ms Phirun Suwan
Company Number
08220533 (England and Wales)
Registered Office
Sterling House
89-91 South Road
Southall
Middlesex
UB1 1SQ
England
Accountants
Biz Accounting Ltd
14 Village Way East
Harrow
London
HA2 7LU
SHDC Limited
Statement of financial position
as at 31 March 2022
Tangible assets
20,808
27,745
Cash at bank and in hand
96,476
76,375
Creditors: amounts falling due within one year
(168,548)
(176,562)
Net current assets/(liabilities)
10,905
(8,454)
Total assets less current liabilities
31,713
19,291
Provisions for liabilities
Called up share capital
10,000
10,000
Profit and loss account
17,763
9,291
Shareholders' funds
27,763
19,291
For the year ending 31 March 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2022 and were signed on its behalf by
Dr Amarjit Singh Khambay
Director
Company Registration No. 08220533
SHDC Limited
Notes to the Accounts
for the year ended 31 March 2022
SHDC Limited is a private company, limited by shares, registered in England and Wales, registration number 08220533. The registered office is Sterling House, 89-91 South Road, Southall, Middlesex, UB1 1SQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.
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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable to the company`s pension scheme are recognised in the profit and loss in the period to which they relate.
SHDC Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2021
14,992
26,886
41,878
At 31 March 2022
14,992
26,886
41,878
At 1 April 2021
6,453
7,680
14,133
Charge for the year
2,135
4,802
6,937
At 31 March 2022
8,588
12,482
21,070
At 31 March 2022
6,404
14,404
20,808
At 31 March 2021
8,539
19,206
27,745
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Debtors: amounts falling due within one year
2022
2021
Other debtors
67,540
56,933
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
57,714
5,258
Taxes and social security
8,434
2,903
Other creditors
98,800
119,846
An unlimited cross-guarantee exists between the company, its parent company Sterling Dental College Limited and other fellow subsidiaries in respect of the bank loans from Lloyds Bank plc advanced to White House Dental Practice Limited.
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Transactions with related parties
The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
Sterling Dental College Limited (incorporated in England and Wales) is regarded by the directors as being the company`s ultimate parent company.
10
Average number of employees
During the year the average number of employees was 7 (2021: 6).
