OPTIMA CARE (MAIDENHEAD) LTD

OPTIMA CARE (MAIDENHEAD) LTD

OPTIMA CARE (MAIDENHEAD) LTD - Company Information

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2021-09-292022-09-302022-09-30false07389788OPTIMA CARE (MAIDENHEAD) LTD2023-06-26iso4217:GBPxbrli:pure073897882021-09-29073897882022-09-30073897882021-09-292022-09-30073897882020-09-29073897882021-09-28073897882020-09-292021-09-2807389788bus:SmallEntities2021-09-292022-09-3007389788bus:AuditExempt-NoAccountantsReport2021-09-292022-09-3007389788bus:FullAccounts2021-09-292022-09-3007389788bus:PrivateLimitedCompanyLtd2021-09-292022-09-3007389788core:WithinOneYear2022-09-3007389788core:AfterOneYear2022-09-3007389788core:WithinOneYear2021-09-2807389788core:AfterOneYear2021-09-2807389788core:ShareCapital2022-09-3007389788core:SharePremium2022-09-3007389788core:RevaluationReserve2022-09-3007389788core:OtherReservesSubtotal2022-09-3007389788core:RetainedEarningsAccumulatedLosses2022-09-3007389788core:ShareCapital2021-09-2807389788core:SharePremium2021-09-2807389788core:RevaluationReserve2021-09-2807389788core:OtherReservesSubtotal2021-09-2807389788core:RetainedEarningsAccumulatedLosses2021-09-2807389788core:LandBuildings2022-09-3007389788core:PlantMachinery2022-09-3007389788core:Vehicles2022-09-3007389788core:FurnitureFittings2022-09-3007389788core:OfficeEquipment2022-09-3007389788core:NetGoodwill2022-09-3007389788core:IntangibleAssetsOtherThanGoodwill2022-09-3007389788core:ListedExchangeTraded2022-09-3007389788core:UnlistedNon-exchangeTraded2022-09-3007389788core:LandBuildings2021-09-2807389788core:PlantMachinery2021-09-2807389788core:Vehicles2021-09-2807389788core:FurnitureFittings2021-09-2807389788core:OfficeEquipment2021-09-2807389788core:NetGoodwill2021-09-2807389788core:IntangibleAssetsOtherThanGoodwill2021-09-2807389788core:ListedExchangeTraded2021-09-2807389788core:UnlistedNon-exchangeTraded2021-09-2807389788core:LandBuildings2021-09-292022-09-3007389788core:PlantMachinery2021-09-292022-09-3007389788core:Vehicles2021-09-292022-09-3007389788core:FurnitureFittings2021-09-292022-09-3007389788core:OfficeEquipment2021-09-292022-09-3007389788core:NetGoodwill2021-09-292022-09-3007389788core:IntangibleAssetsOtherThanGoodwill2021-09-292022-09-3007389788core:ListedExchangeTraded2021-09-292022-09-3007389788core:UnlistedNon-exchangeTraded2021-09-292022-09-3007389788core:MoreThanFiveYears2021-09-292022-09-3007389788core:Non-currentFinancialInstruments2022-09-3007389788core:Non-currentFinancialInstruments2021-09-2807389788dpl:CostSales2021-09-292022-09-3007389788dpl:DistributionCosts2021-09-292022-09-3007389788dpl:AdministrativeExpenses2021-09-292022-09-3007389788core:LandBuildings2021-09-292022-09-3007389788core:PlantMachinery2021-09-292022-09-3007389788core:Vehicles2021-09-292022-09-3007389788core:FurnitureFittings2021-09-292022-09-3007389788core:OfficeEquipment2021-09-292022-09-3007389788core:NetGoodwill2021-09-292022-09-3007389788core:IntangibleAssetsOtherThanGoodwill2021-09-292022-09-3007389788dpl:GroupUndertakings2021-09-292022-09-3007389788dpl:ParticipatingInterests2021-09-292022-09-3007389788dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-292022-09-3007389788core:ListedExchangeTraded2021-09-292022-09-3007389788dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-292022-09-3007389788core:UnlistedNon-exchangeTraded2021-09-292022-09-3007389788dpl:CostSales2020-09-292021-09-2807389788dpl:DistributionCosts2020-09-292021-09-2807389788dpl:AdministrativeExpenses2020-09-292021-09-2807389788core:LandBuildings2020-09-292021-09-2807389788core:PlantMachinery2020-09-292021-09-2807389788core:Vehicles2020-09-292021-09-2807389788core:FurnitureFittings2020-09-292021-09-2807389788core:OfficeEquipment2020-09-292021-09-2807389788core:NetGoodwill2020-09-292021-09-2807389788core:IntangibleAssetsOtherThanGoodwill2020-09-292021-09-2807389788dpl:GroupUndertakings2020-09-292021-09-2807389788dpl:ParticipatingInterests2020-09-292021-09-2807389788dpl:GroupUndertakingscore:ListedExchangeTraded2020-09-292021-09-2807389788core:ListedExchangeTraded2020-09-292021-09-2807389788dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-09-292021-09-2807389788core:UnlistedNon-exchangeTraded2020-09-292021-09-2807389788core:NetGoodwill2022-09-3007389788core:IntangibleAssetsOtherThanGoodwill2022-09-3007389788core:LandBuildings2022-09-3007389788core:PlantMachinery2022-09-3007389788core:Vehicles2022-09-3007389788core:FurnitureFittings2022-09-3007389788core:OfficeEquipment2022-09-3007389788core:AfterOneYear2022-09-3007389788core:WithinOneYear2022-09-3007389788core:ListedExchangeTraded2022-09-3007389788core:UnlistedNon-exchangeTraded2022-09-3007389788core:ShareCapital2022-09-3007389788core:SharePremium2022-09-3007389788core:RevaluationReserve2022-09-3007389788core:OtherReservesSubtotal2022-09-3007389788core:RetainedEarningsAccumulatedLosses2022-09-3007389788core:NetGoodwill2021-09-2807389788core:IntangibleAssetsOtherThanGoodwill2021-09-2807389788core:LandBuildings2021-09-2807389788core:PlantMachinery2021-09-2807389788core:Vehicles2021-09-2807389788core:FurnitureFittings2021-09-2807389788core:OfficeEquipment2021-09-2807389788core:AfterOneYear2021-09-2807389788core:WithinOneYear2021-09-2807389788core:ListedExchange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OPTIMA CARE (MAIDENHEAD) LTD

Registered Number
07389788
(England and Wales)

Unaudited Financial Statements for the Period ended
30 September 2022

OPTIMA CARE (MAIDENHEAD) LTD
Company Information
for the period from 29 September 2021 to 30 September 2022

Directors

Jagmohan Singh Chawla
Manmohan Singh Chawla
Satnam Singh Chawla

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

07389788 (England and Wales)
OPTIMA CARE (MAIDENHEAD) LTD
Balance Sheet as at
30 September 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Intangible assets739,00078,000
Tangible assets887,81787,664
126,817165,664
Current assets
Stocks104,0004,060
Debtors1113,23330,057
Cash at bank and on hand45,17423,980
62,40758,097
Creditors amounts falling due within one year12(97,185)(35,825)
Net current assets (liabilities)(34,778)22,272
Total assets less current liabilities92,039187,936
Creditors amounts falling due after one year13(29,504)(38,785)
Net assets62,535149,151
Capital and reserves
Called up share capital1,0001,000
Profit and loss account61,535148,151
Shareholders' funds62,535149,151
  • The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The financial statements were approved and authorised for issue by the Board of Directors on 26 June 2023, and are signed on its behalf by:
Jagmohan Singh Chawla
Director
Manmohan Singh Chawla
Director

Registered Company No. 07389788
OPTIMA CARE (MAIDENHEAD) LTD
Notes to the Financial Statements
for the period ended 30 September 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity during the year continued to be that of dental services.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Office Equipment25
Intangible assets policy
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. Goodwill is being amortised evenly over its estimated useful life of ten years.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover represents the fees receivable for dental treatments performed and the supply of related goods an services.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. 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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Valuation of financial instruments policy
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
6.Employee information

20222021
Average number of employees during the year95
7.Intangible assets

Goodwill

Total

££
Cost or valuation
At 29 September 21390,000390,000
At 30 September 22390,000390,000
Amortisation and impairment
At 29 September 21312,000312,000
Charge for year39,00039,000
At 30 September 22351,000351,000
Net book value
At 30 September 2239,00039,000
At 28 September 2178,00078,000
8.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 29 September 2132,192147,374-179,566
Additions-12,1614,54416,705
At 30 September 2232,192159,5354,544196,271
Depreciation and impairment
At 29 September 212,81789,085-91,902
Charge for year2,57013,78619616,552
At 30 September 225,387102,871196108,454
Net book value
At 30 September 2226,80556,6644,34887,817
At 28 September 2129,37558,289-87,664
The net book value of Plant & machinery includes assets held under finance leases or hire purchase contracts of £32,192 (2021: £32,192) and accumulated depreciation charge in respect of these assets is £2,270 (2022: £2,817)
9.Description of nature of transactions and balances with related parties
Included in the accounts is other creditors balance of £37,569 (2021:£10,000) of which £32,569 (2021:Nil) relates to Management charges, due to Optimacare (HW)) Ltd, a company connected to the directors. Included in the accounts is other creditors balance of £600 (2021:£Nil),due to Brightsmile Tadworth, a partnership connected to the directors. Included in the accounts is other creditors balance of £466 (2021:£4,950) due to the directors. During the year company paid rent amounting to £20,000 (2021:£20,000) to the director, Dr Manmohan Singh Chawla. During the year company paid consultancy fees amounting to £50,000 (2021:£40,000) to the company related to the director, Jagmohan Singh Chawla.
10.Stocks

2022

2021

££
Other stocks4,0004,060
Total4,0004,060
11.Debtors

2022

2021

££
Trade debtors / trade receivables12,81830,057
Prepayments and accrued income415-
Total13,23330,057
12.Creditors within one year

2022

2021

££
Trade creditors / trade payables16,5382,377
Bank borrowings and overdrafts9,924-
Taxation and social security3,5153,016
Finance lease and HP contracts10,925-
Other creditors46,12625,632
Accrued liabilities and deferred income10,1574,800
Total97,18535,825
13.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts26,77213,743
Other creditors2,73225,042
Total29,50438,785
Included in creditors within one year and after one year are bank loans are secured by a fixed and floating charge over the assets of the company.
14.Finance lease and HP contracts after one year

2022

2021

££
Finance lease and HP contracts2,73125,042
Included in creditors within one year and after one year are obligations under finance lease and HP contracts are secured on the related assets.