New Forest Dental Practice Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06163812 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

New Forest Dental Practice Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr C Robbertse

Mr C J Robbertse

SECRETARY:

REGISTERED OFFICE:

Suite 1

Concept House

23 Billet Lane

Hornchurch

Essex

RM11 1XP

REGISTERED NUMBER:

06163812 (England and Wales)

ACCOUNTANTS:

Havard & Associates

Suite 1

Concept House

23 Billet Lane

Hornchurch

Essex

RM11 1XP

FIXED ASSETS

Intangible assets

4

106,663

133,330

Tangible assets

5

9,078

10,155

115,741

143,485

CURRENT ASSETS

Debtors

6

2,992

9,784

Cash at bank and in hand

169,584

188,800

172,576

198,584

CREDITORS

Amounts falling due within one year

7

40,517

34,642

NET CURRENT ASSETS

132,059

163,942

TOTAL ASSETS LESS CURRENT LIABILITIES

247,800

307,427

CREDITORS

Amounts falling due after more than one year

8

(35,837

)

(100,260

)

PROVISIONS FOR LIABILITIES

(1,052

)

(1,401

)

ACCRUALS AND DEFERRED INCOME

(2,460

)

(2,340

)

NET ASSETS

208,451

203,426

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

208,449

203,424

SHAREHOLDERS' FUNDS

208,451

203,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2023 and were signed on its behalf by:

Mr C Robbertse - Director

1.	STATUTORY INFORMATION

New Forest Dental Practice Limited 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.

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 of £400,000 was purchased from the company's director on commencement of trading on 1st October 2007 having previously been acquired by the director, in his capacity as a sole trader from an unrelated third party on 23rd September 2005. Goodwill is amortised over 15 years using the straight line method.

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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

400,000

AMORTISATION

At 1 April 2021

266,670

Charge for year

26,667

At 31 March 2022

293,337

NET BOOK VALUE

At 31 March 2022

106,663

At 31 March 2021

133,330

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

156,576

Additions

2,735

At 31 March 2022

159,311

DEPRECIATION

At 1 April 2021

146,421

Charge for year

3,812

At 31 March 2022

150,233

NET BOOK VALUE

At 31 March 2022

9,078

At 31 March 2021

10,155

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

15

3,531

Other debtors

2,977

6,253

2,992

9,784

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

12,120

12,120

Taxation and social security

9,477

21,973

Other creditors

18,920

549

40,517

34,642

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

35,837

100,260

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

51,780