KINGSWOOD DENTAL LTD

KINGSWOOD DENTAL LTD - Company Information

2022-07-012023-06-302023-06-30false13677808KINGSWOOD DENTAL LTD2023-09-26iso4217:GBPxbrli:pure136778082022-07-01136778082023-06-30136778082022-07-012023-06-30136778082021-10-13136778082022-06-30136778082021-10-132022-06-3013677808bus:SmallEntities2022-07-012023-06-3013677808bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3013677808bus:FullAccounts2022-07-012023-06-3013677808bus:PrivateLimitedCompanyLtd2022-07-012023-06-3013677808core:WithinOneYear2023-06-3013677808core:AfterOneYear2023-06-3013677808core:WithinOneYear2022-06-3013677808core:AfterOneYear2022-06-3013677808core:ShareCapital2023-06-3013677808core:SharePremium2023-06-3013677808core:RevaluationReserve2023-06-3013677808core:OtherReservesSubtotal2023-06-3013677808core:RetainedEarningsAccumulatedLosses2023-06-3013677808core:ShareCapital2022-06-3013677808core:SharePremium2022-06-3013677808core:RevaluationReserve2022-06-3013677808core:OtherReservesSubtotal2022-06-3013677808core:RetainedEarningsAccumulatedLosses2022-06-3013677808core:LandBuildings2023-06-3013677808core:PlantMachinery2023-06-3013677808core:Vehicles2023-06-3013677808core:FurnitureFittings2023-06-3013677808core:OfficeEquipment2023-06-3013677808core:NetGoodwill2023-06-3013677808core:IntangibleAssetsOtherThanGoodwill2023-06-3013677808core:ListedExchangeTraded2023-06-3013677808core:UnlistedNon-exchangeTraded2023-06-3013677808core:LandBuildings2022-06-3013677808core:PlantMachinery2022-06-3013677808core:Vehicles2022-06-3013677808core:FurnitureFittings2022-06-3013677808core:OfficeEquipment2022-06-3013677808core:NetGoodwill2022-06-3013677808core:IntangibleAssetsOtherThanGoodwill2022-06-3013677808core:ListedExchangeTraded2022-06-3013677808core:UnlistedNon-exchangeTraded2022-06-3013677808core:LandBuildings2022-07-012023-06-3013677808core:PlantMachinery2022-07-012023-06-3013677808core:Vehicles2022-07-012023-06-3013677808core:FurnitureFittings2022-07-012023-06-3013677808core:OfficeEquipment2022-07-012023-06-3013677808core:NetGoodwill2022-07-012023-06-3013677808core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3013677808core:ListedExchangeTraded2022-07-012023-06-3013677808core:UnlistedNon-exchangeTraded2022-07-012023-06-3013677808core:MoreThanFiveYears2022-07-012023-06-3013677808core:Non-currentFinancialInstruments2023-06-3013677808core:Non-currentFinancialInstruments2022-06-3013677808dpl:CostSales2022-07-012023-06-3013677808dpl:DistributionCosts2022-07-012023-06-3013677808dpl:AdministrativeExpenses2022-07-012023-06-3013677808core:LandBuildings2022-07-012023-06-3013677808core:PlantMachinery2022-07-012023-06-3013677808core:Vehicles2022-07-012023-06-3013677808core:FurnitureFittings2022-07-012023-06-3013677808core:OfficeEquipment2022-07-012023-06-3013677808core:NetGoodwill2022-07-012023-06-3013677808core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3013677808dpl:GroupUndertakings2022-07-012023-06-3013677808dpl:ParticipatingInterests2022-07-012023-06-3013677808dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3013677808core:ListedExchangeTraded2022-07-012023-06-3013677808dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3013677808core:UnlistedNon-exchangeTraded2022-07-012023-06-3013677808dpl:CostSales2021-10-132022-06-3013677808dpl:DistributionCosts2021-10-132022-06-3013677808dpl:AdministrativeExpenses2021-10-132022-06-3013677808core:LandBuildings2021-10-132022-06-3013677808core:PlantMachinery2021-10-132022-06-3013677808core:Vehicles2021-10-132022-06-3013677808core:FurnitureFittings2021-10-132022-06-3013677808core:OfficeEquipment2021-10-132022-06-3013677808core:NetGoodwill2021-10-132022-06-3013677808core:IntangibleAssetsOtherThanGoodwill2021-10-132022-06-3013677808dpl:GroupUndertakings2021-10-132022-06-3013677808dpl:ParticipatingInterests2021-10-132022-06-3013677808dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-132022-06-3013677808core:ListedExchangeTraded2021-10-132022-06-3013677808dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-132022-06-3013677808core:UnlistedNon-exchangeTraded2021-10-132022-06-3013677808core:NetGoodwill2023-06-3013677808core:IntangibleAssetsOtherThanGoodwill2023-06-3013677808core:LandBuildings2023-06-3013677808core:PlantMachinery2023-06-3013677808core:Vehicles2023-06-3013677808core:FurnitureFittings2023-06-3013677808core:OfficeEquipment2023-06-3013677808core:AfterOneYear2023-06-3013677808core:WithinOneYear2023-06-3013677808core:ListedExchangeTraded2023-06-3013677808core:UnlistedNon-exchangeTraded2023-06-3013677808core:ShareCapital2023-06-3013677808core:SharePremium2023-06-3013677808core:RevaluationReserve2023-06-3013677808core:OtherReservesSubtotal2023-06-3013677808core:RetainedEarningsAccumulatedLosses2023-06-3013677808core:NetGoodwill2022-06-3013677808core:IntangibleAssetsOtherThanGoodwill2022-06-3013677808core:LandBuildings2022-06-3013677808core:PlantMachinery2022-06-3013677808core:Vehicles2022-06-3013677808core:FurnitureFittings2022-06-3013677808core:OfficeEquipment2022-06-3013677808core:AfterOneYear2022-06-3013677808core:WithinOneYear2022-06-3013677808core:ListedExchange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Registered Number
13677808
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

KINGSWOOD DENTAL LTD

Company Information
for the year from 1 July 2022 to 30 June 2023


Director	KINGSWOOD, Rebecca Frances, Dr


Registered Address	19 Grantham Road
	Sleaford
	NG34 7ND


Registered Number	13677808 (England and Wales)

KINGSWOOD DENTAL LTD

Statement of Financial Position
30 June 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Investments	7		1,495,756		1,495,756
			1,495,756		1,495,756
Current assets
Debtors	9	-		945
Cash at bank and on hand		5,548		273
		5,548		1,218
Creditors amounts falling due within one year	10	(757,304)		(795,376)
Net current assets (liabilities)			(751,756)		(794,158)
Total assets less current liabilities			744,000		701,598
Creditors amounts falling due after one year	11		(638,954)		(701,179)
Net assets			105,046		419
Capital and reserves
Called up share capital			2		2
Profit and loss account			105,044		417
Shareholders' funds			105,046		419

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 Director acknowledges 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 Director on 26 September 2023, and are signed on its behalf by:

KINGSWOOD, Rebecca Frances, Dr
Director
Registered Company No. 13677808

KINGSWOOD DENTAL LTD

Notes to the Financial Statements
for the year ended 30 June 2023

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
	These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

3.	Principal activities
	The principal activity of the company during the year was dental practice activities.

4.	Basis of measurement used in financial statements
	The financial statements have been prepared on the historical cost basis.

5.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling, which is the functional currency of the entity.

	Investments policy
	Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Investments in subsidiaries accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in subsidiaries accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments policy

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in subsidiaries accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in subsidiaries accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

	Going concern
	Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company’s trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

Going concern

Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine.  All these matters have impacted the company’s trading results to a greater or lesser extent.  At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future.  On this basis, the directors have prepared these financial statements on a going concern basis.

6.	Employee information


		2023		2022
	Average number of employees during the year	0		0

7.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 July 22	1,495,756	1,495,756
At 30 June 23	1,495,756	1,495,756
Net book value
At 30 June 23	1,495,756	1,495,756
At 30 June 22	1,495,756	1,495,756

	Notes
	¹Investments in group undertakings and participating interests

8.	Description of nature of transactions and balances with related parties
	The directors operate a directors loan account with the company. At 30 June 2023 the company owed the directors £21,674 (2022: £109,294). This was the maximum outstanding during the year. This amount is repayable upon demand.

9.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	-	945
Total	-	945

10.	Creditors within one year

	2023	2022
	£	£
Bank borrowings and overdrafts	31,113	-
Amounts owed to related parties	700,027	652,763
Taxation and social security	3,771	98
Other creditors	21,674	141,435
Accrued liabilities and deferred income	719	1,080
Total	757,304	795,376

11.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	638,954	701,179
Total	638,954	701,179