ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

ONE STOP DENTAL PRACTICE LIMITED - Company Information

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Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-011truefalseDental practice1false 10404535 2022-10-01 2023-09-30 10404535 2021-10-01 2022-09-30 10404535 2023-09-30 10404535 2022-09-30 10404535 c:Director1 2022-10-01 2023-09-30 10404535 d:Non-currentFinancialInstruments 2023-09-30 10404535 d:Non-currentFinancialInstruments 2022-09-30 10404535 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10404535 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 10404535 d:ShareCapital 2023-09-30 10404535 d:ShareCapital 2022-09-30 10404535 d:RetainedEarningsAccumulatedLosses 2023-09-30 10404535 d:RetainedEarningsAccumulatedLosses 2022-09-30 10404535 c:FRS102 2022-10-01 2023-09-30 10404535 c:Audited 2022-10-01 2023-09-30 10404535 c:FullAccounts 2022-10-01 2023-09-30 10404535 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10404535 c:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 10404535









ONE STOP DENTAL PRACTICE LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023
 
ONE STOP DENTAL PRACTICE LIMITED
REGISTERED NUMBER: 10404535

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

  

Creditors: amounts falling due after more than one year
 5 
(1,477,951)
(1,431,709)

  

Net liabilities
  
(1,477,951)
(1,431,709)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,478,051)
(1,431,809)

  
(1,477,951)
(1,431,709)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P W Harris
Director
Date: 21 December 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1
 
ONE STOP DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

One Stop Dental Practice Limited is a private limited company incorporated in England and Wales and is limited by shares. The address of the registered office is One Medical House, Boundary Way, Hemel Hempstead, Hertfordshire, HP2 7YU.
The principal activity of the Company was that of a dental practice.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The finanacial statements have been prepared on a going concern basis notwithstanding the net liabilities shown on the balance sheet. The Company has the full and continuing support from its ultimate parent company and controlling party, One Stop Private Doctors Limited and its major shareholder,  Mr P W Harris. 
 
 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
Page 2
 
ONE STOP DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.3
Revenue (continued)

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.

  
2.4

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.
 
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Group in independently administered funds.
 
 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


3.


Employees

The Company has no employees but wages and associated costs are included within the parent company and the costs are recharged.

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Stocks





5.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
1,477,951
1,431,709


Page 3
 
ONE STOP DENTAL PRACTICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Pension commitments

The Company has no employees nor seperate pension scheme but is included within its parent company and costs recharged. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,258 (2022 - £3,997). Contributions totalling £nil (2022 - £nil) were payable to the fund at the reporting date.


7.


Related party transactions

The Company has taken advantage of the exemption in FRS 102 from the requirement to disclose
transactions with 100% owned group companies on the grounds that consolidated financial statements
are prepared by the ultimate parent company.


8.


Controlling party

The Company is a wholly owned subsidiary of One Stop Doctors Limited, a company incorporated in England and Wales.  Its ultimate parent company is One Stop Private Doctors Limited, which is controlled by P W Harris, a director of the Company, by virtue of his majority shareholding.
The results of the Company have been consolidated and copies of the group financial statements can be obtained from:
Companies House
Crown Way
Cardiff
CF14 3UZ


9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 21 December 2023                                      by Grant Franklin ACA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 4