Registered number
03667772
Hague Dental Supplies Limited
Filleted Accounts
28 February 2023
Hague Dental Supplies Limited
Registered number: 03667772
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 448,022 277,461
Current assets
Stocks 5 2,189,539 2,069,668
Debtors 6 1,294,527 1,550,945
Cash at bank and in hand 707,086 806,697
4,191,152 4,427,310
Creditors: amounts falling due within one year 7 (2,783,448) (3,425,292)
Net current assets 1,407,704 1,002,018
Total assets less current liabilities 1,855,726 1,279,479
Creditors: amounts falling due after more than one year 8 (131,003) (89,146)
Provisions for liabilities (102,421) (41,637)
Net assets 1,622,302 1,148,696
Capital and reserves
Called up share capital 101 101
Profit and loss account 1,622,201 1,148,595
Shareholder's funds 1,622,302 1,148,696
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
William Hazell-Smith
Director
Approved by the board on 23 November 2023
Hague Dental Supplies Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover and revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of discounts and value added taxes.

The company recognises revenue in respect of installation projects when the project is completed. Deposits received in advance are treated as deferred income until the project is complete.

Revenue in respect of the provision of equipment sales and equipment maintenance services is recognised in the period in which the equipment or service is delivered.
Government grants
Government grants received in respect of salary costs relating to employees under the Coronavirus Job Retention Scheme are treated as a reduction in salary costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Motor vehicles 25% Reducing balance
Office equipment, tools and other fixed assets 4 - 10 years
Stock and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Work in progress comprises the cost of equipment allocated to, and other direct costs incurred in respect of, ongoing installation projects.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets and Hire Purchase assets
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the Profit and Loss account in the period in which they fall due.

Assets held under Hire Purchase contracts are recognised as fixed assets at their underlying cost and depreciated over their estimated useful life. The corresponding liability is included in the Balance Sheet as a Hire Purchase obligation. Hire Purchase payments are apportioned between finance costs in the Profit and Loss account and reduction of of the Hire Purchase obligation so as to allocate the finance costs over the term of the Hire Purchase contract.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 32 25
4 Tangible fixed assets
Land and buildings Office equipment, tools and other fixed assets Motor vehicles Total
£ £ £ £
Cost
At 1 March 2022 3,058 226,038 462,488 691,584
Additions 41,953 69,492 180,153 291,598
At 28 February 2023 45,011 295,530 642,641 983,182
Depreciation
At 1 March 2022 437 144,590 269,096 414,123
Charge for the year 7,030 22,622 91,385 121,037
At 28 February 2023 7,467 167,212 360,481 535,160
Net book value
At 28 February 2023 37,544 128,318 282,160 448,022
At 28 February 2022 2,621 81,448 193,392 277,461
5 Stock and Work in progress 2023 2022
£ £
Stock 1,841,729 1,363,131
Work in progress 347,810 706,537
2,189,539 2,069,668
6 Debtors 2023 2022
£ £
Trade debtors 454,252 483,058
Amounts owed by group undertakings 768,007 983,930
Other debtors 72,268 83,957
1,294,527 1,550,945
7 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under hire purchase contracts 97,869 52,693
Trade creditors 874,339 459,352
Taxation and social security costs 562,251 757,052
Other creditors 1,248,989 2,156,195
2,783,448 3,425,292
8 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under hire purchase contracts 131,003 89,146
9 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 9,943 3,537
10 Contingent liabilities
The company has a contingent liability in respect of a debenture over its assets granted on 26 February 2021 as security for a loan to Ampco 159 Limited. The outstanding loan balance at 28 February 2023 was £700,000 (2022: £850,000).
11 Related party transactions
During the year the company made further payments on behalf of Ampco 159 Limited in respect of rent, loan repayments and Corporation Tax totalling £278,544 (2022: £290,478) received VAT refunds and other funds on behalf of the company amounting to £265,973 (2022: £16,057), accepted management charges in respect of rent and the surrender of Group Loss Relief totalling £77,594 (2022: £90,589) resulting in a loan balance owed by Ampco 159 Limited at the balance sheet date of £768,007 (2022: £983,930). The loan is interest free and repayable on demand.
12 Controlling party
The company is controlled by Ampco 159 Limited.

The registered office address of Ampco 159 Limited is:
1 Graylands Gateway
Langhurstwood Road,
Horsham,
West Sussex,
RH12 4QD.

The group is exempt from preparing consolidated accounts.
13 Other information
Hague Dental Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Graylands Gateway
Langhurstwood Road
Horsham
West Sussex
RH12 4QD
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