Company Registration No. 07892860 (England and Wales)
Carbasse Implant and Dental Centre Limited
Unaudited accounts
for the year ended 31 March 2020
Carbasse Implant and Dental Centre Limited
Unaudited accounts
Contents
Carbasse Implant and Dental Centre Limited
Company Information
for the year ended 31 March 2020
Company Number
07892860 (England and Wales)
Registered Office
72 Great Suffolk Street
London
SE1 0BL
ENGLAND
Accountants
Helrik and Louw and Palason
72
Great Suffolk Street
London
SE1 0BL
Carbasse Implant and Dental Centre Limited
Statement of financial position
as at 31 March 2020
Intangible assets
801,215
837,431
Tangible assets
55,792
72,519
Cash at bank and in hand
733,632
490,726
Creditors: amounts falling due within one year
(639,207)
(656,700)
Net current assets/(liabilities)
108,291
(119,974)
Net assets
965,298
789,976
Called up share capital
2
2
Profit and loss account
965,296
789,974
Shareholders' funds
965,298
789,976
For the year ending 31 March 2020 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2020 and were signed on its behalf by
M Carbasse
Director
Company Registration No. 07892860
Carbasse Implant and Dental Centre Limited
Notes to the Accounts
for the year ended 31 March 2020
Carbasse Implant and Dental Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 07892860. The registered office is 72 Great Suffolk Street, London, SE1 0BL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Carbasse Implant and Dental Centre Limited
Notes to the Accounts
for the year ended 31 March 2020
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
At 31 March 2020
1,100,000
Charge for the year
36,216
5
Tangible fixed assets
Plant & machinery
Charge for the year
18,598
Raw materials
14,520
25,450
Carbasse Implant and Dental Centre Limited
Notes to the Accounts
for the year ended 31 March 2020
8
Creditors: amounts falling due within one year
2020
2019
Trade creditors
(1,442)
52,365
Taxes and social security
80,924
41,591
Other creditors
2,340
5,193
Loans from directors
557,385
557,551
9
Average number of employees
During the year the average number of employees was 12 (2019: 14).
