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REGISTERED NUMBER: 12247216 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2023

for

Dental Wellness Holdings Limited

Dental Wellness Holdings Limited (Registered number: 12247216)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Dental Wellness Holdings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Dr Sameer Satish Patel
Dr Shivani Indrakant Patel





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 12247216 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Dental Wellness Holdings Limited (Registered number: 12247216)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 386,250 431,250
Tangible assets 5 531,167 469,383
917,417 900,633

CURRENT ASSETS
Debtors 6 10,562 3,168
Cash at bank 72,350 152,627
82,912 155,795
CREDITORS
Amounts falling due within one year 7 652,717 635,900
NET CURRENT LIABILITIES (569,805 ) (480,105 )
TOTAL ASSETS LESS CURRENT LIABILITIES 347,612 420,528

CREDITORS
Amounts falling due after more than one year 8 (390,115 ) (397,356 )

PROVISIONS FOR LIABILITIES (5,099 ) (825 )
NET (LIABILITIES)/ASSETS (47,602 ) 22,347

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 (47,603 ) 22,346
SHAREHOLDERS' FUNDS (47,602 ) 22,347

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:




Dr Sameer Satish Patel - Director


Dental Wellness Holdings Limited (Registered number: 12247216)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Dental Wellness Holdings 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 4 ) .

Dental Wellness Holdings Limited (Registered number: 12247216)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 450,000
AMORTISATION
At 1 April 2022 18,750
Charge for year 45,000
At 31 March 2023 63,750
NET BOOK VALUE
At 31 March 2023 386,250
At 31 March 2022 431,250

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2022 465,040 - 4,343 469,383
Additions 39,293 23,250 4,934 67,477
At 31 March 2023 504,333 23,250 9,277 536,860
DEPRECIATION
Charge for year - 3,771 1,922 5,693
At 31 March 2023 - 3,771 1,922 5,693
NET BOOK VALUE
At 31 March 2023 504,333 19,479 7,355 531,167
At 31 March 2022 465,040 - 4,343 469,383

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 180 97
Tax 9,247 -
Prepayments 1,135 3,071
10,562 3,168

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 17,274 16,849
Tax 9,581 9,247
Social security and other taxes 9,357 3,379
Other creditors 501,278 504,002
Directors' current accounts 1,247 623
Deferred income 112,000 100,000
Accrued expenses 1,980 1,800
652,717 635,900

Dental Wellness Holdings Limited (Registered number: 12247216)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 17,274 16,849
Bank loans - 2-5 years 51,823 50,547
Bank loans more 5 yr by instal 321,018 329,960
390,115 397,356

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 321,018 329,960

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 407,389 414,205

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary shares £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 April 2022 22,346
Deficit for the year (69,949 )
At 31 March 2023 (47,603 )

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dental Wellness Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dental Wellness Holdings Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dental Wellness Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dental Wellness Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Dental Wellness Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dental Wellness Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dental Wellness Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dental Wellness Holdings Limited. You consider that Dental Wellness Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dental Wellness Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY


Date: .............................................