Puredental Care (Southport) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09290121 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Puredental Care (Southport) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr A J Khan

REGISTERED OFFICE:

61 Rodney Street

Liverpool

Merseyside

L1 9ER

REGISTERED NUMBER:

09290121 (England and Wales)

ACCOUNTANTS:

Alexander Myerson & Co Limited

Chartered Accountants

Alexander House

61 Rodney Street

Liverpool

L1 9ER

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

142,793

148,724

142,793

148,724

CURRENT ASSETS

Stocks

550

1,300

Debtors

1,954

2,195

Cash at bank and in hand

58,999

23,864

61,503

27,359

CREDITORS

Amounts falling due within one year

53,611

55,162

NET CURRENT ASSETS/(LIABILITIES)

7,892

(27,803

)

TOTAL ASSETS LESS CURRENT LIABILITIES

150,685

120,921

CREDITORS

Amounts falling due after more than one year

6

(159,852

)

(140,506

)

PROVISIONS FOR LIABILITIES

(3,223

)

(3,806

)

NET LIABILITIES

(12,390

)

(23,391

)

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

(12,400

)

(23,401

)

SHAREHOLDERS' FUNDS

(12,390

)

(23,391

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2021 and were signed by:

Dr A J Khan - Director

1.	STATUTORY INFORMATION

Puredental Care (Southport) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

33% on reducing balance and 15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements are prepared on a Going Concern basis as the company is supported by its director and is working towards profitability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2020

and 31 December 2020

20,000

AMORTISATION

At 1 January 2020

and 31 December 2020

20,000

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2020

and 31 December 2020

192,773

DEPRECIATION

At 1 January 2020

44,049

Charge for year

5,931

At 31 December 2020

49,980

NET BOOK VALUE

At 31 December 2020

142,793

At 31 December 2019

148,724

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.20

31.12.19

£

£

Repayable by instalments

Bank loans more 5 yr by instal

104,789

110,443

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.20

31.12.19

£

£

Bank loans

167,368

148,022

Bank loans are secured on the property to which they relate.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

10

Ordinary

£1

10

10