LIC Dental Clinic Limited - Accounts

LIC DENTAL CLINIC LIMITED - Company Information

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Registered Number: 08722410

England and Wales

LIC DENTAL CLINIC LIMITED

Unaudited Financial Statements

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

LIC Dental Clinic Limited
Contents Page
For the year ended 31 March 2022

Company information	1
Statement of financial position	2
Notes to the financial statements	3

LIC Dental Clinic Limited
Company Information
For the year ended 31 March 2022

Directors	Mr Katsumasa Niimura Dr Gabriela Gomez Romero
Registered Number	08722410
Registered Office	18 Ensign Street London E1 8PA
Trading Address	234 Hendon Way Hendon Central London NW4 3NE
Accountants	P and Co (Partners) LLP 18 Ensign Street London E1 8PA
Bankers	Barclays Bank PLC Hampstead Leicestershire LE87 2BB

LIC Dental Clinic Limited
Statement of Financial Position
As at 31 March 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	3,805	5,074
		3,805	5,074
Current assets
Stocks	4	7,240	7,350
Debtors: amounts falling due within one year	5	21,503	45,383
Cash at bank and in hand		59,924	26,408
		88,667	79,141
Creditors: amount falling due within one year	6	(71,798)	(69,215)
Net current assets		16,869	9,926

Total assets less current liabilities		20,674	15,000
Creditors: amount falling due after more than one year	7	(31,667)	(50,000)
Net liabilities		(10,993)	(35,000)

Capital and reserves
Called up share capital	8	2,000	2,000
Profit and loss account		(12,993)	(37,000)
Shareholder's funds		(10,993)	(35,000)

For the year ended 31 March 2022 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.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 22 December 2022 and were signed on its behalf by:

--------------------------------
Mr Katsumasa Niimura
Director

LIC Dental Clinic Limited
Notes to the Financial Statements
For the year ended 31 March 2022

General Information

LIC Dental Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 08722410, registration address 18 Ensign Street, London, E1 8PA. The trading address of the company is 234 Hendon Way, Hendon Central, London, NW4 3NE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures, Fittings and Equipment

25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 8 (2021 : 6).

Tangible fixed assets

Cost or valuation	Fixtures, Fittings and Equipment	Total
	£	£
At 01 April 2021	21,066	21,066
Additions	-	-
Disposals	-	-
At 31 March 2022	21,066	21,066
Depreciation
At 01 April 2021	15,992	15,992
Charge for year	1,269	1,269
On disposals	-	-
At 31 March 2022	17,261	17,261
Net book values
Closing balance as at 31 March 2022	3,805	3,805
Opening balance as at 01 April 2021	5,074	5,074

Stocks

	2022 £		2021 £
Stocks	7,240		7,350
	7,240		7,350

Debtors: amounts falling due within one year

	2022 £	2021 £
Trade Debtors	21,344	17,553
Prepayments & Accrued Income	159	159
Director: Dr Gabriela Gomez Romero	-	27,671
	21,503	45,383

Creditors: amount falling due within one year

	2022 £	2021 £
Trade Creditors	17,225	15,733
Bank Loans & Overdrafts	10,000	-
Corporation Tax	1,337	-
PAYE & Social Security	323	4,744
Accrued Expenses	11,311	7,603
Other Creditors	19,857	41,135
Director: Dr Gabriela Gomez Romero	11,745	-
	71,798	69,215

Creditors: amount falling due after more than one year

	2022 £		2021 £
Bank Loans & Overdrafts	31,667		50,000
	31,667		50,000

Share Capital

Authorised
1,000 Class A shares of £1.00 each
1,000 Class B shares of £1.00 each

Allotted, called up and fully paid	2022 £	2021 £
1,000 Class A shares of £1.00 each	1,000	1,000
1,000 Class B shares of £1.00 each	1,000	1,000
	2,000	2,000

9.	Controlling Party Dr Tetsujiro Ihara holds 100% of Ordinary A Shares and Mrs Haruyo Niimura holds 100% of Ordinary B Shares of the company's issued share capital.