Silverfin false 31/03/2023 01/04/2022 31/03/2023 Dr R K Dharwar 20/05/2016 Dr R S Dharwar 20/05/2016 01 March 2024 The principal activity of the company is that of a holding company operating as a central head office for the wider dental practice group. 10190564 2023-03-31 10190564 bus:Director1 2023-03-31 10190564 bus:Director2 2023-03-31 10190564 2022-03-31 10190564 core:CurrentFinancialInstruments 2023-03-31 10190564 core:CurrentFinancialInstruments 2022-03-31 10190564 core:Non-currentFinancialInstruments 2023-03-31 10190564 core:Non-currentFinancialInstruments 2022-03-31 10190564 core:ShareCapital 2023-03-31 10190564 core:ShareCapital 2022-03-31 10190564 core:RetainedEarningsAccumulatedLosses 2023-03-31 10190564 core:RetainedEarningsAccumulatedLosses 2022-03-31 10190564 core:Goodwill 2022-03-31 10190564 core:Goodwill 2023-03-31 10190564 core:PlantMachinery 2022-03-31 10190564 core:Vehicles 2022-03-31 10190564 core:FurnitureFittings 2022-03-31 10190564 core:PlantMachinery 2023-03-31 10190564 core:Vehicles 2023-03-31 10190564 core:FurnitureFittings 2023-03-31 10190564 core:CostValuation 2022-03-31 10190564 core:AdditionsToInvestments 2023-03-31 10190564 core:CostValuation 2023-03-31 10190564 bus:OrdinaryShareClass1 2023-03-31 10190564 bus:OrdinaryShareClass2 2023-03-31 10190564 2022-04-01 2023-03-31 10190564 bus:FullAccounts 2022-04-01 2023-03-31 10190564 bus:SmallEntities 2022-04-01 2023-03-31 10190564 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10190564 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10190564 bus:Director1 2022-04-01 2023-03-31 10190564 bus:Director2 2022-04-01 2023-03-31 10190564 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 10190564 core:PlantMachinery 2022-04-01 2023-03-31 10190564 core:Vehicles 2022-04-01 2023-03-31 10190564 core:FurnitureFittings 2022-04-01 2023-03-31 10190564 2021-04-01 2022-03-31 10190564 core:Goodwill 2022-04-01 2023-03-31 10190564 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 10190564 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10190564 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 10190564 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 10190564 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10190564 (England and Wales)

DENTALCARE GROUP LIMITED

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

DENTALCARE GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

DENTALCARE GROUP LIMITED

BALANCE SHEET

As at 31 March 2023
DENTALCARE GROUP LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 1,711,654 1,815,504
Tangible assets 4 124,098 152,986
Investments 5 335,591 335,585
2,171,343 2,304,075
Current assets
Stocks 31,783 31,783
Debtors 6 2,804,851 2,785,249
Cash at bank and in hand 15,831 144,490
2,852,465 2,961,522
Creditors: amounts falling due within one year 7 ( 191,557) ( 354,864)
Net current assets 2,660,908 2,606,658
Total assets less current liabilities 4,832,251 4,910,733
Creditors: amounts falling due after more than one year 8 ( 4,492,358) ( 4,642,657)
Net assets 339,893 268,076
Capital and reserves
Called-up share capital 9 300 300
Profit and loss account 339,593 267,776
Total shareholders' funds 339,893 268,076

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 Group Limited (registered number: 10190564) 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 GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
DENTALCARE GROUP 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 Group 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 146 Station Road, Amersham, Buckinghamshire, HP6 5DW.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

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 20 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:

Plant and machinery 20 % reducing balance
Vehicles 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 4

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 2,050,804 2,050,804
At 31 March 2023 2,050,804 2,050,804
Accumulated amortisation
At 01 April 2022 235,300 235,300
Charge for the financial year 103,850 103,850
At 31 March 2023 339,150 339,150
Net book value
At 31 March 2023 1,711,654 1,711,654
At 31 March 2022 1,815,504 1,815,504

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2022 2,300 121,336 47,182 170,818
Additions 0 0 2,137 2,137
At 31 March 2023 2,300 121,336 49,319 172,955
Accumulated depreciation
At 01 April 2022 1,201 233 16,398 17,832
Charge for the financial year 220 24,221 6,584 31,025
At 31 March 2023 1,421 24,454 22,982 48,857
Net book value
At 31 March 2023 879 96,882 26,337 124,098
At 31 March 2022 1,099 121,103 30,784 152,986

5. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 April 2022 335,585
Additions 6
At 31 March 2023 335,591
Carrying value at 31 March 2023 335,591
Carrying value at 31 March 2022 335,585

6. Debtors

2023 2022
£ £
Trade debtors 0 11,816
Amounts owed by Group undertakings 2,110,265 2,130,660
Prepayments 24,067 5,360
Other debtors 670,519 637,413
2,804,851 2,785,249

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 48,676 248,472
Trade creditors 103,498 66,549
Accruals 1,500 1,340
Other taxation and social security 3,072 3,955
Obligations under finance leases and hire purchase contracts 34,112 32,114
Other creditors 699 2,434
191,557 354,864

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

2023 2022
£ £
Bank loans 3,422,974 3,422,515
Amounts owed to Group undertakings 240,902 318,304
Amounts owed to directors 828,482 831,616
Obligations under finance leases and hire purchase contracts (secured) 0 70,222
4,492,358 4,642,657

The hire purchase liabilities are secured against the assets to which they relate.

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
150 Ordinary A shares of £ 1.00 each 150 150
150 Ordinary B shares of £ 1.00 each 150 150
300 300