Silverfin false 31/03/2023 01/04/2022 31/03/2023 Dr R K Dharwar 13/02/2018 Dr R S Dharwar 28/02/2018 01 March 2024 The principal activity of the company is that of a dental practice. 11204357 2023-03-31 11204357 bus:Director1 2023-03-31 11204357 bus:Director2 2023-03-31 11204357 2022-03-31 11204357 core:CurrentFinancialInstruments 2023-03-31 11204357 core:CurrentFinancialInstruments 2022-03-31 11204357 core:Non-currentFinancialInstruments 2023-03-31 11204357 core:Non-currentFinancialInstruments 2022-03-31 11204357 core:ShareCapital 2023-03-31 11204357 core:ShareCapital 2022-03-31 11204357 core:RetainedEarningsAccumulatedLosses 2023-03-31 11204357 core:RetainedEarningsAccumulatedLosses 2022-03-31 11204357 core:Goodwill 2022-03-31 11204357 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 11204357 core:Goodwill 2023-03-31 11204357 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 11204357 core:LandBuildings 2022-03-31 11204357 core:PlantMachinery 2022-03-31 11204357 core:FurnitureFittings 2022-03-31 11204357 core:LandBuildings 2023-03-31 11204357 core:PlantMachinery 2023-03-31 11204357 core:FurnitureFittings 2023-03-31 11204357 bus:OrdinaryShareClass1 2023-03-31 11204357 2022-04-01 2023-03-31 11204357 bus:FullAccounts 2022-04-01 2023-03-31 11204357 bus:SmallEntities 2022-04-01 2023-03-31 11204357 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11204357 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11204357 bus:Director1 2022-04-01 2023-03-31 11204357 bus:Director2 2022-04-01 2023-03-31 11204357 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 11204357 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:TopRangeValue 2022-04-01 2023-03-31 11204357 core:LandBuildings 2022-04-01 2023-03-31 11204357 core:PlantMachinery 2022-04-01 2023-03-31 11204357 core:FurnitureFittings 2022-04-01 2023-03-31 11204357 2021-04-01 2022-03-31 11204357 core:Goodwill 2022-04-01 2023-03-31 11204357 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-01 2023-03-31 11204357 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 11204357 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11204357 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11204357 (England and Wales)

DENTALCARE LANGLEY LIMITED

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

DENTALCARE LANGLEY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

DENTALCARE LANGLEY LIMITED

BALANCE SHEET

As at 31 March 2023
DENTALCARE LANGLEY LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 566,842 675,299
Tangible assets 4 107,409 119,344
674,251 794,643
Current assets
Stocks 115 120
Debtors 5 139,978 126,090
Cash at bank and in hand 14,586 47,990
154,679 174,200
Creditors: amounts falling due within one year 6 ( 244,015) ( 520,601)
Net current liabilities (89,336) (346,401)
Total assets less current liabilities 584,915 448,242
Creditors: amounts falling due after more than one year 7 ( 559,262) ( 424,713)
Provision for liabilities ( 20,356) ( 20,356)
Net assets 5,297 3,173
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 5,197 3,073
Total shareholder's funds 5,297 3,173

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 Langley Limited (registered number: 11204357) 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 LANGLEY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
DENTALCARE LANGLEY 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 Langley 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 276 High Street, Langley, Berkshire, SL3 8HD, 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.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 10 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
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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 23 16

3. Intangible assets

Goodwill Development costs Total
£ £ £
Cost
At 01 April 2022 1,079,700 2,500 1,082,200
At 31 March 2023 1,079,700 2,500 1,082,200
Accumulated amortisation
At 01 April 2022 404,888 2,013 406,901
Charge for the financial year 107,970 487 108,457
At 31 March 2023 512,858 2,500 515,358
Net book value
At 31 March 2023 566,842 0 566,842
At 31 March 2022 674,812 487 675,299

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2022 53,783 97,203 17,164 168,150
Additions 0 8,353 5,247 13,600
At 31 March 2023 53,783 105,556 22,411 181,750
Accumulated depreciation
At 01 April 2022 16,870 27,510 4,426 48,806
Charge for the financial year 7,382 14,923 3,230 25,535
At 31 March 2023 24,252 42,433 7,656 74,341
Net book value
At 31 March 2023 29,531 63,123 14,755 107,409
At 31 March 2022 36,913 69,693 12,738 119,344

5. Debtors

2023 2022
£ £
Trade debtors 37,965 36,174
Prepayments 16,633 18,334
Other debtors 85,380 71,582
139,978 126,090

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 125,336 177,162
Accruals 13,583 1,320
Taxation and social security 7,231 19,884
Obligations under finance leases and hire purchase contracts 17,342 17,784
Other creditors 80,523 304,451
244,015 520,601

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

2023 2022
£ £
Amounts owed to Group undertakings 529,387 377,496
Obligations under finance leases and hire purchase contracts (secured) 29,875 47,217
559,262 424,713

The Hire Purchase liabilities are secured against the assets to which they relate.

8. Called-up share capital

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

9. Off Balance Sheet arrangements

The total amount of financial commitments not included in the balance sheet is £1,950,000 (2022 - £2,000,000).

10. Ultimate controlling party

The ultimate controlling party are the directors Dr R S Dharwar and Dr R K Dharwar by irtue 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, CF14 3UZ.