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 2021

FOR

BRUNSWICK DENTAL LTD

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9


BRUNSWICK DENTAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







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 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 102,000 122,400
Tangible assets 5 46,957 42,470
148,957 164,870

CURRENT ASSETS
Stocks 200 200
Debtors 6 184 3,074
Cash at bank and in hand 61,349 3,599
61,733 6,873
CREDITORS
Amounts falling due within one year 7 57,183 61,311
NET CURRENT ASSETS/(LIABILITIES) 4,550 (54,438 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,507

110,432

CREDITORS
Amounts falling due after more than one
year

8

(57,288

)

(20,217

)

PROVISIONS FOR LIABILITIES (9,392 ) (8,264 )
NET ASSETS 86,827 81,951

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86,727 81,851
SHAREHOLDERS' FUNDS 86,827 81,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 2021


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 March 2022 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 2021


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.
Fixtures, fittings & equipment - 15% on reducing balance
Computer equipment - 15% on reducing balance

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in other income within profit or loss in the same period as the related expenditure.

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

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


2. ACCOUNTING POLICIES - continued

Financial instruments
- Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

- Basic financial liabilities
Basic financial liabilities, including creditors and bank loans and overdrafts, 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 receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

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 9 (2020 - 12 ) .

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2020
and 31 March 2021 204,000
AMORTISATION
At 1 April 2020 81,600
Charge for year 20,400
At 31 March 2021 102,000
NET BOOK VALUE
At 31 March 2021 102,000
At 31 March 2020 122,400

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 April 2020 52,335 2,529 54,864
Additions 11,622 - 11,622
At 31 March 2021 63,957 2,529 66,486
DEPRECIATION
At 1 April 2020 11,913 481 12,394
Charge for year 6,828 307 7,135
At 31 March 2021 18,741 788 19,529
NET BOOK VALUE
At 31 March 2021 45,216 1,741 46,957
At 31 March 2020 40,422 2,048 42,470

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures,
fittings
& equipment
£   
COST
At 1 April 2020
and 31 March 2021 48,543
DEPRECIATION
At 1 April 2020 10,384
Charge for year 5,721
At 31 March 2021 16,105
NET BOOK VALUE
At 31 March 2021 32,438
At 31 March 2020 38,159

Included in the total net book value of equipment was £32,434 (2020 - £38,159) in respect of assets held under finance leases.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade debtors - 2,882
Prepayments and accrued income 184 192
184 3,074

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Bank loans and overdrafts 5,790 11,607
Other loans 7,906 5,850
Hire purchase contracts 10,498 11,473
Trade creditors 9,608 16,725
Tax 15,688 9,127
Social security and other taxes 3,655 1,528
Other creditors 62 -
Directors' current accounts 76 2,501
Accrued expenses 3,900 2,500
57,183 61,311

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.21 31.3.20
£    £   
Other loans - 1-2 years 9,707 -
Other loans - 2-5 years 30,618 -
Other loans more 5yrs instal 1,769 -
Hire purchase contracts 15,194 20,217
57,288 20,217

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,769 -

Hire purchase contracts are secured over the fixed assets to which they relate.

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.21 31.3.20
£    £   
Bank overdraft 5,790 -
Hire purchase contracts 25,692 -
31,482 -

The bank overdraft and loan are secured by means of a fixed charge, a floating charge covering all the property or undertaking the company.

Hire purchase creditors are secured by a charge on the asset to which they relate.

10. CONTINGENT LIABILITIES

A contingent liability may exist in respect of a repayment of grant income to HM Revenue and Customs should the conditions under which a grant was awarded to the company not be met. Due to the nature of these contingencies, it is not currently possible to estimate the likelihood of this occurring, nor quantify the financial effect or provide an indication of timing as to the potential liability that may arise.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At year end the company owed the director £76 (2020: £2,501) as disclosed in creditors. The amount is unsecured interest free and repayable on demand.

12. 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 (2020: £23,000). The amount due to the director at the period end was £Nil.

BRUNSWICK DENTAL LTD (REGISTERED NUMBER: NI634670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


13. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E Prentice.

14. SUBSEQUENT EVENTS

Subsequent to the year end, Covid-19 has continued to cause significant disruption to economic activity worldwide to many organisations and their operations.The company has put in place robust cost containment measures to enable it to continue to operate.