Silverfin false 31/03/2023 01/04/2022 31/03/2023 Dr R S Dharwar 22/06/2012 Dr R K Dharwar 22/06/2012 01 March 2024 The principal activity of the company is that of a dental practice. 08116526 2023-03-31 08116526 bus:Director1 2023-03-31 08116526 bus:Director2 2023-03-31 08116526 2022-03-31 08116526 core:CurrentFinancialInstruments 2023-03-31 08116526 core:CurrentFinancialInstruments 2022-03-31 08116526 core:Non-currentFinancialInstruments 2023-03-31 08116526 core:Non-currentFinancialInstruments 2022-03-31 08116526 core:ShareCapital 2023-03-31 08116526 core:ShareCapital 2022-03-31 08116526 core:RetainedEarningsAccumulatedLosses 2023-03-31 08116526 core:RetainedEarningsAccumulatedLosses 2022-03-31 08116526 core:Goodwill 2022-03-31 08116526 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 08116526 core:Goodwill 2023-03-31 08116526 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 08116526 core:LandBuildings 2022-03-31 08116526 core:LeaseholdImprovements 2022-03-31 08116526 core:PlantMachinery 2022-03-31 08116526 core:FurnitureFittings 2022-03-31 08116526 core:LandBuildings 2023-03-31 08116526 core:LeaseholdImprovements 2023-03-31 08116526 core:PlantMachinery 2023-03-31 08116526 core:FurnitureFittings 2023-03-31 08116526 bus:OrdinaryShareClass1 2023-03-31 08116526 bus:OrdinaryShareClass2 2023-03-31 08116526 2022-04-01 2023-03-31 08116526 bus:FullAccounts 2022-04-01 2023-03-31 08116526 bus:SmallEntities 2022-04-01 2023-03-31 08116526 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08116526 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08116526 bus:Director1 2022-04-01 2023-03-31 08116526 bus:Director2 2022-04-01 2023-03-31 08116526 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 08116526 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:TopRangeValue 2022-04-01 2023-03-31 08116526 core:LandBuildings 2022-04-01 2023-03-31 08116526 core:LeaseholdImprovements 2022-04-01 2023-03-31 08116526 core:PlantMachinery 2022-04-01 2023-03-31 08116526 core:FurnitureFittings 2022-04-01 2023-03-31 08116526 2021-04-01 2022-03-31 08116526 core:Goodwill 2022-04-01 2023-03-31 08116526 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-01 2023-03-31 08116526 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 08116526 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08116526 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 08116526 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 08116526 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08116526 (England and Wales)

DENTALCARE (SOUTHERN) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

DENTALCARE (SOUTHERN) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

DENTALCARE (SOUTHERN) LIMITED

BALANCE SHEET

As at 31 March 2023
DENTALCARE (SOUTHERN) LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 165,756 182,576
Tangible assets 4 278,266 198,906
444,022 381,482
Current assets
Stocks 473 348
Debtors 5 252,032 444,987
Cash at bank and in hand 13,747 22,836
266,252 468,171
Creditors: amounts falling due within one year 6 ( 299,263) ( 364,815)
Net current (liabilities)/assets (33,011) 103,356
Total assets less current liabilities 411,011 484,838
Creditors: amounts falling due after more than one year 7 ( 57,423) ( 122,670)
Net assets 353,588 362,168
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 353,488 362,068
Total shareholder's funds 353,588 362,168

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dentalcare (Southern) Limited (registered number: 08116526) were approved and authorised for issue by the Board of Directors on 01 March 2024. They were signed on its behalf by:

Dr R S Dharwar
Director
DENTALCARE (SOUTHERN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
DENTALCARE (SOUTHERN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dentalcare (Southern) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Unit 18, 23 Royal William Yard, Plymouth, PL1 3GW, United Kingdom. The principal place of business is The former Health Clinic, The Halve, Trowbridge, BA14 8SA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Development costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings 20 % reducing balance
Leasehold improvements 20 % reducing balance
Plant and machinery 20 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Intangible assets

Goodwill Development costs Total
£ £ £
Cost
At 01 April 2022 326,675 2,500 329,175
At 31 March 2023 326,675 2,500 329,175
Accumulated amortisation
At 01 April 2022 144,585 2,014 146,599
Charge for the financial year 16,334 486 16,820
At 31 March 2023 160,919 2,500 163,419
Net book value
At 31 March 2023 165,756 0 165,756
At 31 March 2022 182,090 486 182,576

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 April 2022 40,000 192,789 107,135 59,423 399,347
Additions 0 34,770 81,369 14,899 131,038
At 31 March 2023 40,000 227,559 188,504 74,322 530,385
Accumulated depreciation
At 01 April 2022 0 83,851 70,056 46,534 200,441
Charge for the financial year 0 24,816 23,689 3,173 51,678
At 31 March 2023 0 108,667 93,745 49,707 252,119
Net book value
At 31 March 2023 40,000 118,892 94,759 24,615 278,266
At 31 March 2022 40,000 108,938 37,079 12,889 198,906

5. Debtors

2023 2022
£ £
Trade debtors 16,746 16,746
Amounts owed by Group undertakings 20,562 0
Prepayments 18,851 8,362
Other debtors 195,873 419,879
252,032 444,987

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 93,419 85,520
Accruals 12,794 1,320
Other taxation and social security 4,087 2,292
Obligations under finance leases and hire purchase contracts 19,688 0
Other creditors 169,275 275,683
299,263 364,815

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Amounts owed to Group undertakings 0 122,670
Obligations under finance leases and hire purchase contracts (secured) 57,423 0
57,423 122,670

The Hire Purchase's are secured against the assets in which it relates to.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100

9. Off Balance Sheet arrangements

The total amount of financial commitments not included in the balance sheet is £125,000. (2022 - £150,000).

10. Ultimate controlling party

The ultimate controlling party are the directors, Dr R S Dharwar and Dr R K Dharwar by virtue of their majority shareholding in Dentalcare Group Limited.

The company's immediate parent is Dentalcare Group Limited, incorporated in the United Kingdom.

These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF12 3UZ.