Company Registration No. NI657478 (Northern Ireland)
OBO Dental Care Limited
Unaudited accounts
for the year ended 30 November 2022
OBO Dental Care Limited
Unaudited accounts
Contents
OBO Dental Care Limited
Company Information
for the year ended 30 November 2022
Directors
Gardiner, Christopher
Gardiner, Jemma
Company Number
NI657478 (Northern Ireland)
Registered Office
1 Manor Drive
Lisburn
BT28 1JH
Northern Ireland
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
OBO Dental Care Limited
Statement of financial position
as at 30 November 2022
Intangible assets
29,542
31,316
Tangible assets
46,148
53,500
Cash at bank and in hand
211,793
178,544
Creditors: amounts falling due within one year
(326,515)
(281,444)
Net current assets
52,215
41,249
Total assets less current liabilities
127,905
126,065
Creditors: amounts falling due after more than one year
(14,463)
(20,479)
Net assets
113,442
105,586
Called up share capital
1
1
Profit and loss account
113,441
105,585
Shareholders' funds
113,442
105,586
For the year ending 30 November 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 20 July 2023 and were signed on its behalf by
Gardiner, Christopher
Director
Company Registration No. NI657478
OBO Dental Care Limited
Notes to the Accounts
for the year ended 30 November 2022
OBO Dental Care Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI657478. The registered office is 1 Manor Drive, Lisburn, BT28 1JH, Northern Ireland.
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.
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.
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
10% Straight Line
Fixtures & fittings
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation (10% Straight Line).
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.
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.
OBO Dental Care Limited
Notes to the Accounts
for the year ended 30 November 2022
4
Intangible fixed assets
Goodwill
Other
Total
At 1 December 2021
44,738
-
44,738
At 30 November 2022
44,738
3,000
47,738
At 1 December 2021
13,422
-
13,422
Charge for the year
4,474
300
4,774
At 30 November 2022
17,896
300
18,196
At 30 November 2022
26,842
2,700
29,542
At 30 November 2021
31,316
-
31,316
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2021
35,399
31,158
66,557
At 30 November 2022
37,636
31,618
69,254
At 1 December 2021
315
12,742
13,057
Charge for the year
3,764
6,285
10,049
At 30 November 2022
4,079
19,027
23,106
At 30 November 2022
33,557
12,591
46,148
At 30 November 2021
35,084
18,416
53,500
Amounts falling due within one year
Amounts due from group undertakings etc.
150,152
126,050
Accrued income and prepayments
2,250
2,564
OBO Dental Care Limited
Notes to the Accounts
for the year ended 30 November 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,813
9,609
Trade creditors
6,000
32,994
Amounts owed to group undertakings and other participating interests
275,651
207,985
Taxes and social security
34,157
28,324
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loan secured as follows:
Fixed and floating charge over the property and undertaking of the company.
9
Transactions with related parties
Amounts owed to group undertakings includes amounts due to OBO Implantology Limited of £275,651.
Other debtors includes amounts owed by OBO Dental Practice Limited of £137,152 and OBO Group Limited £13,000.
All amounts are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 6 (2021: 4).