Brunswick Dental Ltd - Accounts to registrar (filleted) - small 18.2

Brunswick Dental Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: NI634670 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

BRUNSWICK DENTAL LTD

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


BRUNSWICK DENTAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTOR: Mrs E Prentice





REGISTERED OFFICE: 17 Clarendon Road
Clarendon Docks
Belfast
BT1 3BG





REGISTERED NUMBER: NI634670 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
Co. Antrim
BT1 3BG

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

BALANCE SHEET
31 MARCH 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 122,400 142,800
Tangible assets 5 42,470 23,965
164,870 166,765

CURRENT ASSETS
Stocks 200 200
Debtors 6 3,074 3,139
Cash at bank and in hand 3,599 3,063
6,873 6,402
CREDITORS
Amounts falling due within one year 7 61,311 83,278
NET CURRENT LIABILITIES (54,438 ) (76,876 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,432

89,889

CREDITORS
Amounts falling due after more than one
year

8

(20,217

)

(9,952

)

PROVISIONS FOR LIABILITIES (8,264 ) (4,074 )
NET ASSETS 81,951 75,863

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,851 75,763
SHAREHOLDERS' FUNDS 81,951 75,863

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

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

The director acknowledges her 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.

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

BALANCE SHEET - continued
31 MARCH 2020


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2021 and were signed by:





Mrs E Prentice - Director


BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020


1. STATUTORY INFORMATION

Brunswick Dental Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements:

Establish whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

The director also considers the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2019 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2019
and 31 March 2020 204,000
AMORTISATION
At 1 April 2019 61,200
Charge for year 20,400
At 31 March 2020 81,600
NET BOOK VALUE
At 31 March 2020 122,400
At 31 March 2019 142,800

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 April 2019 27,980 2,529 30,509
Additions 25,674 - 25,674
Disposals (1,319 ) - (1,319 )
At 31 March 2020 52,335 2,529 54,864
DEPRECIATION
At 1 April 2019 6,291 253 6,544
Charge for year 5,931 228 6,159
Eliminated on disposal (309 ) - (309 )
At 31 March 2020 11,913 481 12,394
NET BOOK VALUE
At 31 March 2020 40,422 2,048 42,470
At 31 March 2019 21,689 2,276 23,965

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures,
fittings
& equipment
£   
COST
At 1 April 2019 22,869
Additions 25,674
At 31 March 2020 48,543
DEPRECIATION
At 1 April 2019 4,959
Charge for year 5,425
At 31 March 2020 10,384
NET BOOK VALUE
At 31 March 2020 38,159
At 31 March 2019 17,910

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 2,882 2,815
Prepayments and accrued income 192 324
3,074 3,139

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Bank loans and overdrafts 11,607 27,748
Other loans 5,850 3,448
Hire purchase contracts 11,473 5,967
Trade creditors 16,725 29,366
Tax 9,127 8,348
Social security and other taxes 1,528 2,700
Directors' current accounts 2,501 3,201
Accrued expenses 2,500 2,500
61,311 83,278

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.20 31.3.19
£    £   
Hire purchase contracts 20,217 9,952

9. RELATED PARTY DISCLOSURES

During the period the sole director of the company charged the company a licence to occupy fee for the premises of £23,000 (2019: £23,000). The amount due to the director at the period end was £Nil.