Centre for Advanced Dental Education Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06777006 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2020

FOR

THE CENTRE FOR ADVANCED DENTAL EDUCATION

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R R Brookshaw

G J Brookshaw

SECRETARY:

R R Brookshaw

REGISTERED OFFICE:

163A Ashley Road

Hale

Altrincham

Cheshire

WA15 9SD

REGISTERED NUMBER:

06777006 (England and Wales)

ACCOUNTANTS:

Kay Johnson Gee Limited

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

4

20,942

26,178

CURRENT ASSETS

Debtors

5

37,328

45,826

Cash at bank

22,383

2,871

59,711

48,697

CREDITORS

Amounts falling due within one year

6

(29,062

)

(27,445

)

NET CURRENT ASSETS

30,649

21,252

TOTAL ASSETS LESS CURRENT LIABILITIES

51,591

47,430

CREDITORS

Amounts falling due after more than one year

7

(22,000

)

(10,891

)

PROVISIONS FOR LIABILITIES

(3,979

)

(4,973

)

NET ASSETS

25,612

31,566

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

25,512

31,466

SHAREHOLDERS' FUNDS

25,612

31,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th January 2021 and were signed on its behalf by:

R R Brookshaw - Director

1.	STATUTORY INFORMATION

The Centre for Advanced Dental Education Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06777006 and registered office address and principal place of business is 163A Ashley Road, Hale, Altrincham, Cheshire, WA15 9SD.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income generated from providing dental education and is measured as the fair value of the consideration received or receivable in respect of that period, excluding discounts, rebates, value added tax and other sales tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their

estimated useful lives, using the following methods:

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

33% on cost

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of

the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Trade and other debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash at bank.

Trade and other creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Office

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st June 2019

and 31st May 2020

50,664

466

3,540

54,670

DEPRECIATION

At 1st June 2019

24,724

228

3,540

28,492

Charge for year

5,188

48

-

5,236

At 31st May 2020

29,912

276

3,540

33,728

NET BOOK VALUE

At 31st May 2020

20,752

190

-

20,942

At 31st May 2019

25,940

238

-

26,178

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

5,830

Other debtors

37,328

39,996

37,328

45,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

13,069

13,070

Trade creditors

-

3,545

Taxation and social security

5,090

5,367

Other creditors

10,903

5,463

29,062

27,445

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

22,000

-

Hire purchase contracts

-

10,891

22,000

10,891

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Hire purchase contracts

13,069

23,961

Amounts due under finance leases and hire purchase contracts are secured on the relevant assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1.00

100

100