TG Dental (Leicester) Limited

TG Dental (Leicester) Limited

TG DENTAL (LEICESTER) LIMITED - Company Information

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Company Registration No. 08459833 (England and Wales)
TG Dental (Leicester) Limited Unaudited accounts for the year ended 31 March 2022
TG Dental (Leicester) Limited Unaudited accounts Contents
Page
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TG Dental (Leicester) Limited Company Information for the year ended 31 March 2022
Directors
Mr Parthiv B Patel Dr Sundip S Patel
Company Number
08459833 (England and Wales)
Registered Office
Pickford House 18 High View Close, Hamilton Leicester Leicestershire LE4 9LJ United Kingdom
Accountants
Sharman Fielding The Oval 57 New Walk Leicester Leicestershire LE1 7EA
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of TG Dental (Leicester) Limited for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TG Dental (Leicester) Limited for the year ended 31 March 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of TG Dental (Leicester) Limited, as a body, in accordance with the terms of our engagement letter dated 1 May 2014. Our work has been undertaken solely to prepare for your approval the accounts of TG Dental (Leicester) Limited and state those matters that we have agreed to state to the Board of Directors of TG Dental (Leicester) Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TG Dental (Leicester) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TG Dental (Leicester) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TG Dental (Leicester) Limited. You consider that TG Dental (Leicester) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TG Dental (Leicester) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sharman Fielding Chartered Accountants The Oval 57 New Walk Leicester Leicestershire LE1 7EA 20 December 2022
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TG Dental (Leicester) Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
- 
197,610 
Tangible assets
5
- 
48,320 
- 
245,930 
Current assets
Inventories
- 
9,782 
Debtors
6
- 
35,946 
Cash at bank and in hand
- 
15,984 
- 
61,712 
Creditors: amounts falling due within one year
7
- 
(207,234)
Net current liabilities
- 
(145,522)
Total assets less current liabilities
- 
100,408 
Creditors: amounts falling due after more than one year
8
- 
(135,320)
Provisions for liabilities
Deferred tax
- 
(1,679)
Net liabilities
- 
(36,591)
Capital and reserves
Called up share capital
2,001 
2,001 
Profit and loss account
(2,001)
(38,592)
Shareholders' funds
- 
(36,591)
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 20 December 2022 and were signed on its behalf by
Mr Parthiv B Patel Director Company Registration No. 08459833
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TG Dental (Leicester) Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
TG Dental (Leicester) Limited is a private company, limited by shares, registered in England and Wales, registration number 08459833. The registered office is Pickford House, 18 High View Close, Hamilton, Leicester, Leicestershire, LE4 9LJ, United Kingdom.
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.
3
Accounting policies
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 preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2021
286,587 
Disposals
(286,587)
At 31 March 2022
- 
Amortisation
At 1 April 2021
88,977 
On disposals
(103,806)
Charge for the year
14,829 
At 31 March 2022
- 
Net book value
At 31 March 2022
- 
At 31 March 2021
197,610 
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TG Dental (Leicester) Limited Notes to the Accounts for the year ended 31 March 2022
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2021
50,864 
20,598 
7,545 
79,007 
Additions
4,516 
- 
- 
4,516 
Disposals
(55,380)
(20,598)
(7,545)
(83,523)
At 31 March 2022
- 
- 
- 
- 
Depreciation
At 1 April 2021
19,472 
6,903 
4,312 
30,687 
Charge for the year
2,623 
1,027 
404 
4,054 
On disposals
(22,095)
(7,930)
(4,716)
(34,741)
At 31 March 2022
- 
- 
- 
- 
Net book value
At 31 March 2022
- 
- 
- 
- 
At 31 March 2021
31,392 
13,695 
3,233 
48,320 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
26,278 
Accrued income and prepayments
- 
9,668 
- 
35,946 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
64,789 
Trade creditors
- 
43,236 
Amounts owed to group undertakings and other participating interests
- 
28,204 
Taxes and social security
- 
8,483 
Accruals
- 
62,522 
- 
207,234 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Amounts owed to group undertakings and other participating interests
- 
135,320 
9
Transactions with related parties
On 1st October 2021 the business of the company was hived up into its 100% holding company TG's Dental Suite Limited. These financial statement represent six months of trading up to 30th September 2021.
10
Average number of employees
During the year the average number of employees was 6 (2021: 7).
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