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false
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false
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false
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2020-02-01
Sage Accounts Production Advanced 2021 - FRS102_2021
101,530
55,000
46,530
5,923
7,730
13,653
32,877
95,607
xbrli:pure
xbrli:shares
iso4217:GBP
01763923
2020-02-01
2021-07-31
01763923
2021-07-31
01763923
2020-01-31
01763923
2019-02-01
2020-01-31
01763923
2020-01-31
01763923
core:FurnitureFittings
2020-02-01
2021-07-31
01763923
core:MotorVehicles
2020-02-01
2021-07-31
01763923
core:NetGoodwill
2020-02-01
2021-07-31
01763923
bus:Director2
2020-02-01
2021-07-31
01763923
core:NetGoodwill
2020-01-31
01763923
core:NetGoodwill
2021-07-31
01763923
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2020-01-31
01763923
core:FurnitureFittings
2020-01-31
01763923
core:MotorVehicles
2020-01-31
01763923
core:PlantMachinery
2021-07-31
01763923
core:FurnitureFittings
2021-07-31
01763923
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2021-07-31
01763923
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2021-07-31
01763923
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2020-01-31
01763923
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2021-07-31
01763923
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2020-01-31
01763923
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2021-07-31
01763923
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2020-01-31
01763923
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2020-02-01
2021-07-31
01763923
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2020-01-31
01763923
core:PlantMachinery
2020-01-31
01763923
core:FurnitureFittings
2020-01-31
01763923
core:MotorVehicles
2020-01-31
01763923
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2020-02-01
2021-07-31
01763923
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2020-02-01
2021-07-31
01763923
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2020-02-01
2021-07-31
01763923
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2020-02-01
2021-07-31
01763923
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2020-02-01
2021-07-31
COMPANY REGISTRATION NUMBER:
01763923
R.C. Hayes Crown and Bridge Dental Laboratories Limited
|
|
Filleted Unaudited Financial Statements
|
|
R.C. Hayes Crown and Bridge Dental Laboratories Limited
|
|
Period from 1 February 2020 to 31 July 2021
Statement of financial position
|
1
|
|
|
Notes to the financial statements
|
3
|
|
|
R.C. Hayes Crown and Bridge Dental Laboratories Limited
|
|
Statement of Financial Position
|
|
31 July 2021
|
31 Jul 21
|
31 Jan 20
|
Note
|
£
|
£
|
|
|
|
Fixed assets
Intangible assets
|
5
|
32,877
|
95,607
|
Tangible assets
|
6
|
5,213
|
8,342
|
|
--------
|
---------
|
|
38,090
|
103,949
|
|
|
|
|
Current assets
Stocks
|
3,429
|
9,226
|
Debtors
|
7
|
25,037
|
65,619
|
Cash at bank and in hand
|
377
|
20,350
|
|
--------
|
--------
|
|
28,843
|
95,195
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
64,547
|
174,244
|
|
--------
|
---------
|
Net current liabilities
|
35,704
|
79,049
|
|
--------
|
---------
|
Total assets less current liabilities
|
2,386
|
24,900
|
|
-------
|
--------
|
Net assets
|
2,386
|
24,900
|
|
-------
|
--------
|
|
|
|
|
Capital and reserves
Called up share capital
|
100
|
100
|
Profit and loss account
|
2,286
|
24,800
|
|
-------
|
--------
|
Shareholders funds
|
2,386
|
24,900
|
|
-------
|
--------
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
R.C. Hayes Crown and Bridge Dental Laboratories Limited
|
|
Statement of Financial Position (continued)
|
|
31 July 2021
These financial statements were approved by the
board of directors
and authorised for issue on
19 November 2021
, and are signed on behalf of the board by:
Mr R H McGillivray
|
Director
|
|
Company registration number:
01763923
R.C. Hayes Crown and Bridge Dental Laboratories Limited
|
|
Notes to the Financial Statements
|
|
Period from 1 February 2020 to 31 July 2021
1.
General information
R.C. Hayes Crown and Bridge Dental Laboratories Limited
is a private company limited by shares, registered in the United Kingdom number 01763923
. Its registered office is Lakeside House, Waterside Industrial Park, Smiths Road, Bolton, Lancashire BL3 2QJ. The principal activity of the company during the year was the running of a dental laboratory
.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery
|
-
|
12.5% - 25% per annum on a straight line basis
|
|
Fixtures and fittings
|
-
|
25% reducing balance
|
|
Motor vehicles
|
-
|
25% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
10
(2020:
9
).
5.
Intangible assets
|
Goodwill
|
|
£
|
Cost
|
|
At 1 February 2020
|
101,530
|
Additions
|
–
|
Disposals of previously acquired businesses
|
(
55,000)
|
|
---------
|
At 31 July 2021
|
46,530
|
|
---------
|
Amortisation
|
|
At 1 February 2020
|
5,923
|
Charge for the period
|
7,730
|
|
---------
|
At 31 July 2021
|
13,653
|
|
---------
|
Carrying amount
|
|
At 31 July 2021
|
32,877
|
|
---------
|
At 31 January 2020
|
95,607
|
|
---------
|
|
|
6.
Tangible assets
|
Plant and machinery
|
Fixtures and fittings
|
Motor vehicles
|
Total
|
|
£
|
£
|
£
|
£
|
Cost
|
|
|
|
|
At 1 February 2020 and 31 July 2021
|
617
|
4,649
|
4,500
|
9,766
|
|
----
|
-------
|
-------
|
-------
|
Depreciation
|
|
|
|
|
At 1 February 2020
|
90
|
678
|
656
|
1,424
|
Charge for the period
|
198
|
1,489
|
1,442
|
3,129
|
|
----
|
-------
|
-------
|
-------
|
At 31 July 2021
|
288
|
2,167
|
2,098
|
4,553
|
|
----
|
-------
|
-------
|
-------
|
Carrying amount
|
|
|
|
|
At 31 July 2021
|
329
|
2,482
|
2,402
|
5,213
|
|
----
|
-------
|
-------
|
-------
|
At 31 January 2020
|
527
|
3,971
|
3,844
|
8,342
|
|
----
|
-------
|
-------
|
-------
|
|
|
|
|
|
7.
Debtors
|
31 Jul 21
|
31 Jan 20
|
|
£
|
£
|
Trade debtors
|
16,764
|
49,274
|
Other debtors
|
8,273
|
16,345
|
|
--------
|
--------
|
|
25,037
|
65,619
|
|
--------
|
--------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
31 Jul 21
|
31 Jan 20
|
|
£
|
£
|
Bank loans and overdrafts
|
–
|
7,234
|
Trade creditors
|
–
|
307
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest
|
45,946
|
74,873
|
Social security and other taxes
|
4,267
|
7,598
|
Other creditors
|
14,334
|
84,232
|
|
--------
|
---------
|
|
64,547
|
174,244
|
|
--------
|
---------
|
|
|
|
9.
Controlling party
The company is a wholly owned subsidiary of Swift Dental Laboratory Limited. Swift Dental Laboratory Limited prepares consolidated financial statements, including the financial statements of this company. The registered office of Swift Dental Laboratory Limited is Lakeside House, Waterside Industrial Park, Smiths Road, Bolton, Lancashire, BL3 2QJ.