BRIGHTSMILE DENTAL CARE LTD

BRIGHTSMILE DENTAL CARE LTD

BRIGHTSMILE DENTAL CARE LTD - Company Information

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2021-03-312022-03-312022-03-31false07008223BRIGHTSMILE DENTAL CARE LTD2022-12-16iso4217:GBPxbrli:pure070082232021-03-31070082232022-03-31070082232021-03-312022-03-31070082232020-03-31070082232021-03-30070082232020-03-312021-03-3007008223bus:SmallEntities2021-03-312022-03-3107008223bus:AuditExempt-NoAccountantsReport2021-03-312022-03-3107008223bus:FullAccounts2021-03-312022-03-3107008223bus:PrivateLimitedCompanyLtd2021-03-312022-03-3107008223core:WithinOneYear2022-03-3107008223core:AfterOneYear2022-03-3107008223core:WithinOneYear2021-03-3007008223core:AfterOneYear2021-03-3007008223core:ShareCapital2022-03-3107008223core:SharePremium2022-03-3107008223core:RevaluationReserve2022-03-3107008223core:OtherReservesSubtotal2022-03-3107008223core:RetainedEarningsAccumulatedLosses2022-03-3107008223core:ShareCapital2021-03-3007008223core:SharePremium2021-03-3007008223core:RevaluationReserve2021-03-3007008223core:OtherReservesSubtotal2021-03-3007008223core:RetainedEarningsAccumulatedLosses2021-03-3007008223core:LandBuildings2022-03-3107008223core:PlantMachinery2022-03-3107008223core:Vehicles2022-03-3107008223core:FurnitureFittings2022-03-3107008223core:OfficeEquipment2022-03-3107008223core:NetGoodwill2022-03-3107008223core:IntangibleAssetsOtherThanGoodwill2022-03-3107008223core:ListedExchangeTraded2022-03-3107008223core:UnlistedNon-exchangeTraded2022-03-3107008223core:LandBuildings2021-03-3007008223core:PlantMachinery2021-03-3007008223core:Vehicles2021-03-3007008223core:FurnitureFittings2021-03-3007008223core:OfficeEquipment2021-03-3007008223core:NetGoodwill2021-03-3007008223core:IntangibleAssetsOtherThanGoodwill2021-03-3007008223core:ListedExchangeTraded2021-03-3007008223core:UnlistedNon-exchangeTraded2021-03-3007008223core:LandBuildings2021-03-312022-03-3107008223core:PlantMachinery2021-03-312022-03-3107008223core:Vehicles2021-03-312022-03-3107008223core:FurnitureFittings2021-03-312022-03-3107008223core:OfficeEquipment2021-03-312022-03-3107008223core:NetGoodwill2021-03-312022-03-3107008223core:IntangibleAssetsOtherThanGoodwill2021-03-312022-03-3107008223core:ListedExchangeTraded2021-03-312022-03-3107008223core:UnlistedNon-exchangeTraded2021-03-312022-03-3107008223core:MoreThanFiveYears2021-03-312022-03-3107008223core:Non-currentFinancialInstruments2022-03-3107008223core:Non-currentFinancialInstruments2021-03-3007008223dpl:CostSales2021-03-312022-03-3107008223dpl:DistributionCosts2021-03-312022-03-3107008223dpl:AdministrativeExpenses2021-03-312022-03-3107008223core:LandBuildings2021-03-312022-03-3107008223core:PlantMachinery2021-03-312022-03-3107008223core:Vehicles2021-03-312022-03-3107008223core:FurnitureFittings2021-03-312022-03-3107008223core:OfficeEquipment2021-03-312022-03-3107008223core:NetGoodwill2021-03-312022-03-3107008223core:IntangibleAssetsOtherThanGoodwill2021-03-312022-03-3107008223dpl:GroupUndertakings2021-03-312022-03-3107008223dpl:ParticipatingInterests2021-03-312022-03-3107008223dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-312022-03-3107008223core:ListedExchangeTraded2021-03-312022-03-3107008223dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-312022-03-3107008223core:UnlistedNon-exchangeTraded2021-03-312022-03-3107008223dpl:CostSales2020-03-312021-03-3007008223dpl:DistributionCosts2020-03-312021-03-3007008223dpl:AdministrativeExpenses2020-03-312021-03-3007008223core:LandBuildings2020-03-312021-03-3007008223core:PlantMachinery2020-03-312021-03-3007008223core:Vehicles2020-03-312021-03-3007008223core:FurnitureFittings2020-03-312021-03-3007008223core:OfficeEquipment2020-03-312021-03-3007008223core:NetGoodwill2020-03-312021-03-3007008223core:IntangibleAssetsOtherThanGoodwill2020-03-312021-03-3007008223dpl:GroupUndertakings2020-03-312021-03-3007008223dpl:ParticipatingInterests2020-03-312021-03-3007008223dpl:GroupUndertakingscore:ListedExchangeTraded2020-03-312021-03-3007008223core:ListedExchangeTraded2020-03-312021-03-3007008223dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-03-312021-03-3007008223core:UnlistedNon-exchangeTraded2020-03-312021-03-3007008223core:NetGoodwill2022-03-3107008223core:IntangibleAssetsOtherThanGoodwill2022-03-3107008223core:LandBuildings2022-03-3107008223core:PlantMachinery2022-03-3107008223core:Vehicles2022-03-3107008223core:FurnitureFittings2022-03-3107008223core:OfficeEquipment2022-03-3107008223core:AfterOneYear2022-03-3107008223core:WithinOneYear2022-03-3107008223core:ListedExchangeTraded2022-03-3107008223core:UnlistedNon-exchangeTraded2022-03-3107008223core:ShareCapital2022-03-3107008223core:SharePremium2022-03-3107008223core:RevaluationReserve2022-03-3107008223core:OtherReservesSubtotal2022-03-3107008223core:RetainedEarningsAccumulatedLosses2022-03-3107008223core:NetGoodwill2021-03-3007008223core:IntangibleAssetsOtherThanGoodwill2021-03-3007008223core:LandBuildings2021-03-3007008223core:PlantMachinery2021-03-3007008223core:Vehicles2021-03-3007008223core:FurnitureFittings2021-03-3007008223core:OfficeEquipment2021-03-3007008223core:AfterOneYear2021-03-3007008223core:WithinOneYear2021-03-3007008223core:ListedExchange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BRIGHTSMILE DENTAL CARE LTD

Registered Number
07008223
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2022

BRIGHTSMILE DENTAL CARE LTD
Company Information
for the period from 31 March 2021 to 31 March 2022

Directors

Jagmohan Singh Chawla
Manmohan Singh Chawla
Satnam Singh Chawla

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

07008223 (England and Wales)
BRIGHTSMILE DENTAL CARE LTD
Balance Sheet as at
31 March 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets8114,07415,315
114,07415,315
Current assets
Stocks102,3451,920
Debtors1157,95364,312
Cash at bank and on hand1,983,9881,439,230
2,044,2861,505,462
Creditors amounts falling due within one year12(401,349)(239,608)
Net current assets (liabilities)1,642,9371,265,854
Total assets less current liabilities1,757,0111,281,169
Net assets1,757,0111,281,169
Capital and reserves
Called up share capital27,00027,000
Other reserves1,324,000-
Profit and loss account406,0111,254,169
Shareholders' funds1,757,0111,281,169
  • The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The financial statements were approved and authorised for issue by the Board of Directors on 16 December 2022, and are signed on its behalf by:
Jagmohan Singh Chawla
Director
Manmohan Singh Chawla
Director
Satnam Singh Chawla
Director

Registered Company No. 07008223
BRIGHTSMILE DENTAL CARE LTD
Notes to the Financial Statements
for the period ended 31 March 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity during the year continued to be that of dental services.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Intangible assets policy
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. Intangible assets are being amortised over its useful life of 7 years.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Valuation of financial instruments policy
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
6.Employee information

20222021
Average number of employees during the year1010
7.Intangible assets

Goodwill

Total

££
Cost or valuation
At 31 March 211,340,0001,340,000
At 31 March 221,340,0001,340,000
Amortisation and impairment
At 31 March 211,340,0001,340,000
At 31 March 221,340,0001,340,000
Net book value
At 31 March 22--
At 30 March 21--
8.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 31 March 21-66,92766,927
Additions108,5416,789115,330
At 31 March 22108,54173,716182,257
Depreciation and impairment
At 31 March 21-51,61251,612
Charge for year13,8012,77016,571
At 31 March 2213,80154,38268,183
Net book value
At 31 March 2294,74019,334114,074
At 30 March 21-15,31515,315
9.Description of nature of transactions and balances with related parties
Included in other debtors falling due within one year is an amount of £4,896 (2021:Nil) due from Brightsmile Islewortth, a company connected to the partners. Included in other creditors falling due within one year is an amount of £1,760 (2021:Nil) due from Smile care (Ewell) Ltd, a company connected to the directors. Included in other creditors falling due within one year is an amount of £4,027 (2021:Nil) due from Brightsmile Tadworth , a company connected to the directors. Included in other creditors at the year end is an amount of £44,283 (2021: £23,624) due to the directors.
10.Stocks

2022

2021

££
Finished goods2,3451,920
Total2,3451,920
11.Debtors

2022

2021

££
Trade debtors / trade receivables7,40764,312
Other debtors16,896-
Prepayments and accrued income33,650-
Total57,95364,312
12.Creditors within one year

2022

2021

££
Trade creditors / trade payables54,109136,797
Taxation and social security81,61846,648
Finance lease and HP contracts67,460-
Other creditors116,82250,497
Accrued liabilities and deferred income81,3405,666
Total401,349239,608