false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
true
false
No description of principal activity
2017-04-01
Sage Accounts Production Advanced 2018 - FRS
190,000
2,375
9,500
11,875
178,125
187,625
xbrli:pure
xbrli:shares
iso4217:GBP
09764748
2017-04-01
2018-03-31
09764748
2018-03-31
09764748
2017-03-31
09764748
2016-04-01
2017-03-31
09764748
2017-03-31
09764748
core:PlantMachinery
2017-04-01
2018-03-31
09764748
core:NetGoodwill
2017-04-01
2018-03-31
09764748
bus:OrdinaryShareClass1
2017-04-01
2018-03-31
09764748
bus:Director1
2017-04-01
2018-03-31
09764748
core:NetGoodwill
2017-03-31
09764748
core:NetGoodwill
2018-03-31
09764748
core:PlantMachinery
2018-03-31
09764748
core:WithinOneYear
2018-03-31
09764748
core:WithinOneYear
2017-03-31
09764748
core:AfterOneYear
2018-03-31
09764748
core:AfterOneYear
2017-03-31
09764748
core:ShareCapital
2018-03-31
09764748
core:ShareCapital
2017-03-31
09764748
core:RetainedEarningsAccumulatedLosses
2018-03-31
09764748
core:RetainedEarningsAccumulatedLosses
2017-03-31
09764748
core:NetGoodwill
2017-03-31
09764748
bus:SmallEntities
2017-04-01
2018-03-31
09764748
bus:AuditExemptWithAccountantsReport
2017-04-01
2018-03-31
09764748
bus:FullAccounts
2017-04-01
2018-03-31
09764748
bus:SmallCompaniesRegimeForAccounts
2017-04-01
2018-03-31
09764748
bus:PrivateLimitedCompanyLtd
2017-04-01
2018-03-31
09764748
bus:OrdinaryShareClass1
2018-03-31
09764748
bus:OrdinaryShareClass1
2017-03-31
09764748
core:PlantMachinery
2017-03-31
COMPANY REGISTRATION NUMBER:
09764748
PLUMFIELD DENTAL PRACTICE LTD
|
|
Filleted Unaudited Financial Statements
|
|
PLUMFIELD DENTAL PRACTICE LTD
|
|
Statement of Financial Position
|
|
31 March 2018
Fixed assets
Intangible assets
|
5
|
178,125
|
187,625
|
Tangible assets
|
6
|
96,789
|
3,620
|
|
---------
|
---------
|
|
274,914
|
191,245
|
|
|
|
|
Current assets
Debtors
|
7
|
–
|
4,506
|
Cash at bank and in hand
|
8,280
|
8,998
|
|
-------
|
--------
|
|
8,280
|
13,504
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
76,557
|
15,070
|
|
--------
|
--------
|
Net current liabilities
|
68,277
|
1,566
|
|
---------
|
---------
|
Total assets less current liabilities
|
206,637
|
189,679
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
9
|
238,573
|
180,515
|
|
|
|
|
Provisions
|
688
|
688
|
|
---------
|
---------
|
Net (liabilities)/assets
|
(
32,624)
|
8,476
|
|
---------
|
---------
|
|
|
|
Capital and reserves
Called up share capital
|
11
|
2
|
2
|
Profit and loss account
|
(
32,626)
|
8,474
|
|
--------
|
-------
|
Shareholders (deficit)/funds
|
(
32,624)
|
8,476
|
|
--------
|
-------
|
|
|
|
|
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 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 comprehensive income has not been delivered.
For the year ending 31 March 2018 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
PLUMFIELD DENTAL PRACTICE LTD
|
|
Statement of Financial Position (continued)
|
|
31 March 2018
These financial statements were approved by the
board of directors
and authorised for issue on
17 December 2018
, and are signed on behalf of the board by:
Company registration number:
09764748
PLUMFIELD DENTAL PRACTICE LTD
|
|
Notes to the Financial Statements
|
|
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor Citygate, St James Boulevard, Newcastle upon Tyne, NE1 4JE.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents dental fee income receivable during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
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
|
-
|
20 years straight line
|
|
|
|
|
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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 and machinery
|
-
|
20% reducing balance
|
|
Equipment
|
-
|
20% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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
18
(2017:
12
).
5.
Intangible assets
|
Goodwill
|
|
£
|
Cost
|
|
At 1 April 2017 and 31 March 2018
|
190,000
|
|
---------
|
Amortisation
|
|
At 1 April 2017
|
2,375
|
Charge for the year
|
9,500
|
|
---------
|
At 31 March 2018
|
11,875
|
|
---------
|
Carrying amount
|
|
At 31 March 2018
|
178,125
|
|
---------
|
At 31 March 2017
|
187,625
|
|
---------
|
|
|
6.
Tangible assets
|
Plant and machinery
|
Equipment
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 April 2017
|
–
|
4,525
|
4,525
|
Additions
|
11,268
|
96,479
|
107,747
|
|
--------
|
---------
|
---------
|
At 31 March 2018
|
11,268
|
101,004
|
112,272
|
|
--------
|
---------
|
---------
|
Depreciation
|
|
|
|
At 1 April 2017
|
–
|
905
|
905
|
Charge for the year
|
2,228
|
12,350
|
14,578
|
|
--------
|
---------
|
---------
|
At 31 March 2018
|
2,228
|
13,255
|
15,483
|
|
--------
|
---------
|
---------
|
Carrying amount
|
|
|
|
At 31 March 2018
|
9,040
|
87,749
|
96,789
|
|
--------
|
---------
|
---------
|
At 31 March 2017
|
–
|
3,620
|
3,620
|
|
--------
|
---------
|
---------
|
|
|
|
|
7.
Debtors
|
2018
|
2017
|
|
£
|
£
|
Other debtors
|
–
|
4,506
|
|
----
|
-------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
2018
|
2017
|
|
£
|
£
|
Bank loans and overdrafts
|
10,234
|
10,691
|
Corporation tax
|
–
|
1,979
|
Social security and other taxes
|
3,793
|
–
|
Other creditors
|
62,530
|
2,400
|
|
--------
|
--------
|
|
76,557
|
15,070
|
|
--------
|
--------
|
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2018
|
2017
|
|
£
|
£
|
Bank loans and overdrafts
|
171,108
|
180,515
|
Other creditors
|
67,465
|
–
|
|
---------
|
---------
|
|
238,573
|
180,515
|
|
---------
|
---------
|
|
|
|
10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
2018
|
2017
|
|
£
|
£
|
Included in provisions
|
688
|
688
|
|
----
|
----
|
|
|
|
11.
Called up share capital
Issued, called up and fully paid
|
2018
|
2017
|
|
No.
|
£
|
No.
|
£
|
Ordinary shares of £ 1 each
|
2
|
2
|
2
|
2
|
|
----
|
----
|
----
|
----
|
|
|
|
|
|
12.
Director's advances, credits and guarantees
During the year the director, Miss M Hattab operated a loan account to record the amounts due to and from the company. The balance outstanding at the year end was £47,362 due by the company (2017: £4,506 due to the company).