Greenside Dental Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08714299 (England and Wales)

Greenside Dental Care Limited

Unaudited Financial Statements

for the Year Ended 30 September 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Woods

SECRETARY:

K F Woods

REGISTERED OFFICE:

1-3 Mortimer Street

Cleckheaton

West Yorkshire

BD19 5AR

REGISTERED NUMBER:

08714299 (England and Wales)

ACCOUNTANTS:

Howard & Co. Accountants LLP

6 Market Street

Birstall

West Yorkshire

WF17 9EN

FIXED ASSETS

Intangible assets

4

218,880

273,600

Tangible assets

5

85,438

96,805

304,318

370,405

CURRENT ASSETS

Stocks

11,823

11,791

Debtors

6

145,742

83,548

Cash at bank and in hand

36,763

93,736

194,328

189,075

CREDITORS

Amounts falling due within one year

7

153,800

194,305

NET CURRENT ASSETS/(LIABILITIES)

40,528

(5,230

)

TOTAL ASSETS LESS CURRENT LIABILITIES

344,846

365,175

CREDITORS

Amounts falling due after more than one year

8

(51,056

)

(86,511

)

PROVISIONS FOR LIABILITIES

(15,262

)

(17,208

)

NET ASSETS

278,528

261,456

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

278,428

261,356

SHAREHOLDERS' FUNDS

278,528

261,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

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 11 January 2022 and were signed by:

C J Woods - Director

1.	STATUTORY INFORMATION

Greenside Dental Care 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, being the amount paid in connection with the acquisition of a business in 2013, was estimated to have a remaining useful life of 10 years on 1 October 2015 on transition to Financial Reporting Standard 102 and is being amortised evenly over this period.

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 15% on reducing balance

Government grants

JRS grant income is recognised in the period to which the underlying furloughed staff costs relate to.

BBLS grant income is recognised in the period to which it relates.

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.

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 8 (2020 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2020

and 30 September 2021

608,000

AMORTISATION

At 1 October 2020

334,400

Charge for year

54,720

At 30 September 2021

389,120

NET BOOK VALUE

At 30 September 2021

218,880

At 30 September 2020

273,600

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

203,772

Additions

4,231

At 30 September 2021

208,003

DEPRECIATION

At 1 October 2020

106,967

Charge for year

15,598

At 30 September 2021

122,565

NET BOOK VALUE

At 30 September 2021

85,438

At 30 September 2020

96,805

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

24,738

22,409

Other debtors

121,004

61,139

145,742

83,548

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

20,366

27,631

Hire purchase contracts

15,923

16,313

Taxation and social security

85,550

111,564

Other creditors

31,961

38,797

153,800

194,305

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

38,068

57,599

Hire purchase contracts

12,988

28,912

51,056

86,511

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Hire purchase contracts

28,911

45,225

The hire purchase liability was secured on the assets to which it relates.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors: amounts falling due within one year were loans from the directors of £362 (2020: £151). The loans were interest free with no fixed date for repayment.

Under the BBLS scheme the government provided a 100% guarantee. As at the balance sheet date, this represented a bank loan guarantee of £47,634.