ABC ORAL HEALTHCARE Ltd Filleted accounts for Companies House (small and micro)

ABC ORAL HEALTHCARE Ltd Filleted accounts for Companies House (small and micro)

ABC ORAL HEALTHCARE LTD - Company Information

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2 false false false false false false false false false true false false false false false false No description of principal activity 2020-10-01 Sage Accounts Production Advanced 2021 - FRS102_2021 530,000 282,664 35,333 317,997 212,003 247,336 xbrli:pure xbrli:shares iso4217:GBP 7708268 2020-10-01 2021-09-30 7708268 2021-09-30 7708268 2020-09-30 7708268 2019-10-01 2020-09-30 7708268 2020-09-30 7708268 core:PlantMachinery 2020-10-01 2021-09-30 7708268 core:FurnitureFittings 2020-10-01 2021-09-30 7708268 core:MotorVehicles 2020-10-01 2021-09-30 7708268 bus:Director1 2020-10-01 2021-09-30 7708268 core:NetGoodwill 2020-09-30 7708268 core:NetGoodwill 2021-09-30 7708268 core:PlantMachinery 2020-09-30 7708268 core:FurnitureFittings 2020-09-30 7708268 core:PlantMachinery 2021-09-30 7708268 core:FurnitureFittings 2021-09-30 7708268 core:MotorVehicles 2021-09-30 7708268 core:AfterOneYear 2021-09-30 7708268 core:AfterOneYear 2020-09-30 7708268 core:WithinOneYear 2021-09-30 7708268 core:WithinOneYear 2020-09-30 7708268 core:ShareCapital 2021-09-30 7708268 core:ShareCapital 2020-09-30 7708268 core:RetainedEarningsAccumulatedLosses 2021-09-30 7708268 core:RetainedEarningsAccumulatedLosses 2020-09-30 7708268 core:NetGoodwill 2020-10-01 2021-09-30 7708268 core:NetGoodwill 2020-09-30 7708268 core:PlantMachinery 2020-09-30 7708268 core:FurnitureFittings 2020-09-30 7708268 bus:SmallEntities 2020-10-01 2021-09-30 7708268 bus:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 7708268 bus:FullAccounts 2020-10-01 2021-09-30 7708268 bus:SmallCompaniesRegimeForAccounts 2020-10-01 2021-09-30 7708268 bus:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30
COMPANY REGISTRATION NUMBER: 7708268
ABC ORAL HEALTHCARE Ltd
Filleted Unaudited Financial Statements
30 September 2021
ABC ORAL HEALTHCARE Ltd
Statement of Financial Position
30 September 2021
2021
2020
Note
£
£
£
Fixed assets
Intangible assets
5
212,003
247,336
Tangible assets
6
155,624
72,490
---------
---------
367,627
319,826
Current assets
Stocks
4,500
4,500
Debtors
7
8,424
180,964
Cash at bank and in hand
103,023
144,289
---------
---------
115,947
329,753
Creditors: amounts falling due within one year
8
197,488
79,811
---------
---------
Net current (liabilities)/assets
( 81,541)
249,942
---------
---------
Total assets less current liabilities
286,086
569,768
Creditors: amounts falling due after more than one year
9
89,684
377,190
---------
---------
Net assets
196,402
192,578
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
196,302
192,478
---------
---------
Shareholders funds
196,402
192,578
---------
---------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ABC ORAL HEALTHCARE Ltd
Statement of Financial Position (continued)
30 September 2021
These financial statements were approved by the board of directors and authorised for issue on 7 January 2022 , and are signed on behalf of the board by:
Dr S Rai
Director
Company registration number: 7708268
ABC ORAL HEALTHCARE Ltd
Notes to the Financial Statements
Year ended 30 September 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 136 St Albans Road, Watford, Hertforshire, WD24 4FT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Over 15 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
25% straight line
Fixtures & fittings
-
20% straight line
MV
-
20% straight line
Equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2020: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2020 and 30 September 2021
530,000
---------
Amortisation
At 1 October 2020
282,664
Charge for the year
35,333
---------
At 30 September 2021
317,997
---------
Carrying amount
At 30 September 2021
212,003
---------
At 30 September 2020
247,336
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2020
191,063
2,390
–
959
194,412
Additions
–
44,132
28,500
72,702
145,334
Disposals
( 7,195)
–
–
–
( 7,195)
---------
--------
--------
--------
---------
At 30 September 2021
183,868
46,522
28,500
73,661
332,551
---------
--------
--------
--------
---------
Depreciation
At 1 October 2020
118,883
2,081
–
958
121,922
Charge for the year
21,996
9,133
5,700
18,176
55,005
---------
--------
--------
--------
---------
At 30 September 2021
140,879
11,214
5,700
19,134
176,927
---------
--------
--------
--------
---------
Carrying amount
At 30 September 2021
42,989
35,308
22,800
54,527
155,624
---------
--------
--------
--------
---------
At 30 September 2020
72,180
309
–
1
72,490
---------
--------
--------
--------
---------
7. Debtors
2021
2020
£
£
Other debtors
8,424
180,964
-------
---------
8. Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
316
2,560
Corporation tax
22,045
20,382
Other creditors
175,127
56,869
---------
--------
197,488
79,811
---------
--------
9. Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
89,684
158,109
Other creditors
–
219,081
--------
---------
89,684
377,190
--------
---------
10. Financial instruments
There is no material requirement to disclose Financial Instruments at fair value.
11. Director's advances, credits and guarantees
There are no material trans actions with the director requiring further disclosures.
12. Related party transactions
The company was under the control of Dr S Rai throughout the current and previous year. Dr S Rai is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.