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

ABC ORAL HEALTHCARE LTD - Company Information

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COMPANY REGISTRATION NUMBER: 7708268

ABC ORAL HEALTHCARE Ltd

Filleted Unaudited Financial Statements

30 September 2022

ABC ORAL HEALTHCARE Ltd

Statement of Financial Position

30 September 2022

	2022		2021
Note	£	£	£

Fixed assets

Intangible assets	5	176,669	212,003
Tangible assets	6	1,768,678	155,624
		------------	---------
		1,945,347	367,627

Current assets

Stocks		4,500	4,500
Debtors	7	8,424	8,424
Cash at bank and in hand		95,982	103,023
		---------	---------
		108,906	115,947

Creditors: amounts falling due within one year	8	424,223		197,488
		---------		---------
Net current liabilities			315,317	81,541
			------------	---------
Total assets less current liabilities			1,630,030	286,086

Creditors: amounts falling due after more than one year	9	1,388,942	89,684
		------------	---------
Net assets		241,088	196,402
		------------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	240,988	196,302
	---------	---------
Shareholders funds	241,088	196,402
	---------	---------

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 2022 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 2022

These financial statements were approved by the board of directors and authorised for issue on 6 March 2023 , 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 2022

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 (2021: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 October 2021 and 30 September 2022	530,000
	---------
Amortisation
At 1 October 2021	317,997
Charge for the year	35,334
	---------
At 30 September 2022	353,331
	---------
Carrying amount
At 30 September 2022	176,669
	---------
At 30 September 2021	212,003
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Oct 2021	–	183,868	46,522	28,500	73,661	332,551
Additions	1,603,037	–	–	–	76,067	1,679,104
Disposals	–	( 7,194)	–	–	–	( 7,194)
	------------	---------	--------	--------	---------	------------
At 30 Sep 2022	1,603,037	176,674	46,522	28,500	149,728	2,004,461
	------------	---------	--------	--------	---------	------------
Depreciation
At 1 Oct 2021	–	140,879	11,214	5,700	19,134	176,927
Charge for the year	–	14,329	8,828	5,700	37,193	66,050
Disposals	–	( 7,194)	–	–	–	( 7,194)
	------------	---------	--------	--------	---------	------------
At 30 Sep 2022	–	148,014	20,042	11,400	56,327	235,783
	------------	---------	--------	--------	---------	------------
Carrying amount
At 30 Sep 2022	1,603,037	28,660	26,480	17,100	93,401	1,768,678
	------------	---------	--------	--------	---------	------------
At 30 Sep 2021	–	42,989	35,308	22,800	54,527	155,624
	------------	---------	--------	--------	---------	------------

7. Debtors

	2022	2021
	£	£
Other debtors	8,424	8,424
	-------	-------

8. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	242,199	316
Corporation tax	11,731	22,045
Other creditors	170,293	175,127
	---------	---------
	424,223	197,488
	---------	---------

9. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	1,388,942	89,684
	------------	--------

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.