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REGISTERED NUMBER: 07333125 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WATERSIDE DENTALHEALTHCARE LIMITED

WATERSIDE DENTALHEALTHCARE LIMITED (REGISTERED NUMBER: 07333125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATERSIDE DENTALHEALTHCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Dr P R McGannity





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG





REGISTERED NUMBER: 07333125 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

WATERSIDE DENTALHEALTHCARE LIMITED (REGISTERED NUMBER: 07333125)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 147,527 116,803
147,527 116,803

CURRENT ASSETS
Stocks 18,000 18,000
Debtors 6 29,208 21,319
Cash at bank and in hand 142,485 187,925
189,693 227,244
CREDITORS
Amounts falling due within one year 7 62,019 71,033
NET CURRENT ASSETS 127,674 156,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,201

273,014

CREDITORS
Amounts falling due after more than one
year

8

(100,687

)

(84,650

)

PROVISIONS FOR LIABILITIES (36,882 ) (22,193 )
NET ASSETS 137,632 166,171

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 137,532 166,071
SHAREHOLDERS' FUNDS 137,632 166,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WATERSIDE DENTALHEALTHCARE LIMITED (REGISTERED NUMBER: 07333125)

BALANCE SHEET - continued
31 MARCH 2023


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 20 October 2023 and were signed by:





Dr P R McGannity - Director


WATERSIDE DENTALHEALTHCARE LIMITED (REGISTERED NUMBER: 07333125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Waterside Dentalhealthcare Limited is a private company, limited by shares , registered in England and Wales. 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.

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

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised over its estimated useful life of five years from March 2014.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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 - 20% on reducing balance
Computer equipment - 20% 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.

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.

WATERSIDE DENTALHEALTHCARE LIMITED (REGISTERED NUMBER: 07333125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 489,535
AMORTISATION
At 1 April 2022
and 31 March 2023 489,535
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 309,353 - 50,997 360,350
Additions 10,536 58,180 268 68,984
Disposals (1,396 ) - - (1,396 )
At 31 March 2023 318,493 58,180 51,265 427,938
DEPRECIATION
At 1 April 2022 208,248 - 35,299 243,547
Charge for year 22,053 11,636 3,194 36,883
Eliminated on disposal (19 ) - - (19 )
At 31 March 2023 230,282 11,636 38,493 280,411
NET BOOK VALUE
At 31 March 2023 88,211 46,544 12,772 147,527
At 31 March 2022 101,105 - 15,698 116,803

WATERSIDE DENTALHEALTHCARE LIMITED (REGISTERED NUMBER: 07333125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 58,180
At 31 March 2023 58,180
DEPRECIATION
Charge for year 11,636
At 31 March 2023 11,636
NET BOOK VALUE
At 31 March 2023 46,544

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 29,208 21,319

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,400 8,400
Hire purchase contracts 16,060 -
Trade creditors 17,072 19,048
Taxation and social security 12,882 30,783
Other creditors 7,605 12,802
62,019 71,033

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 76,597 84,650
Hire purchase contracts 24,090 -
100,687 84,650

WATERSIDE DENTALHEALTHCARE LIMITED (REGISTERED NUMBER: 07333125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Dr P R McGannity
Balance outstanding at start of year 13,794 13,942
Amounts advanced - 13,794
Amounts repaid - (13,942 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,794 13,794

10. ULTIMATE CONTROLLING PARTY

The controlling party is Dr P R McGannity.