Company registration number 11005229 (England and Wales)
WESTDALE PRIVATE DENTAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
WESTDALE PRIVATE DENTAL LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
WESTDALE PRIVATE DENTAL LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF WESTDALE PRIVATE DENTAL LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westdale Private Dental Limited for the year ended 31 March 2024 which comprise, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Westdale Private Dental Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Westdale Private Dental Limited and state those matters that we have agreed to state to the board of directors of Westdale Private Dental Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westdale Private Dental Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Westdale Private Dental 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 profit of Westdale Private Dental Limited. You consider that Westdale Private Dental 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 Westdale Private Dental 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.

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
1 August 2024
WESTDALE PRIVATE DENTAL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
31 March
31 March
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
157,221
196,526
Tangible assets
4
275,326
232,997
432,547
429,523
Current assets
Debtors
5
346,186
141,853
Cash at bank and in hand
109,288
98,673
455,474
240,526
Creditors: amounts falling due within one year
6
(120,019)
(51,881)
Net current assets
335,455
188,645
Total assets less current liabilities
768,002
618,168
Creditors: amounts falling due after more than one year
7
(314,139)
(329,707)
Provisions for liabilities
(8,506)
(3,891)
Net assets
445,357
284,570
Capital and reserves
Called up share capital
9
2
2
Profit and loss reserves
445,355
284,568
Total equity
445,357
284,570
WESTDALE PRIVATE DENTAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 31 July 2024 and are signed on its behalf by:
...............................
C Newton
Director
Company Registration No. 11005229
WESTDALE PRIVATE DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

Westdale Private Dental Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG.

1.1
Reporting period

These financial statements cover a 12 month period, the comparative being a 11 month period from 1 May 2022 to 31 March 2023 and as such the comparatives are not entirely comparable. The accounting reference date was changed for commercial reasons.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

                        

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

WESTDALE PRIVATE DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Leasehold improvements is not depreciated
Fixtures, fittings and equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

WESTDALE PRIVATE DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
14
9
WESTDALE PRIVATE DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
393,051
Amortisation and impairment
At 1 April 2023
196,525
Amortisation charged for the year
39,305
At 31 March 2024
235,830
Carrying amount
At 31 March 2024
157,221
At 31 March 2023
196,526
4
Tangible fixed assets
Leasehold improvements
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 April 2023
211,551
33,013
244,564
Additions
81,165
216
81,381
At 31 March 2024
292,716
33,229
325,945
Depreciation and impairment
At 1 April 2023
-
0
11,567
11,567
Depreciation charged in the year
35,803
3,249
39,052
At 31 March 2024
35,803
14,816
50,619
Carrying amount
At 31 March 2024
256,913
18,413
275,326
At 31 March 2023
211,551
21,446
232,997
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
346,186
141,853
WESTDALE PRIVATE DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Loans and borrowings
8
22,573
16,609
Trade creditors
15,114
1,183
Taxation and social security
78,858
26,041
Other creditors
3,474
8,048
120,019
51,881
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Loans and borrowings
8
314,139
329,707
8
314,139
329,707
8
Loans and borrowings
2024
2023
£
£
Bank loans
336,712
346,316
336,712
346,316
Payable within one year
22,573
16,609
Payable after one year
314,139
329,707

Liabilities in respect of bank borrowings are secured by personal guarantee of the director. The carrying amount at the year end is £336,712. Liabilities in respect of bank borrowings are also secured by a virtue of fixed and floating charges over the assets of the company. The carrying amount at the year end is £336,712 (2023 - £346,316).

 

9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
WESTDALE PRIVATE DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
10
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Interest free loan repayable on demand
-
(3,091)
29,833
(20,000)
6,742
(3,091)
29,833
(20,000)
6,742
2024-03-312023-04-01false01 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityS NewtonC Newtonfalsefalse110052292023-04-012024-03-31110052292024-03-31110052292023-03-3111005229core:LandBuildingscore:OwnedOrFreeholdAssets2024-03-3111005229core:FurnitureFittings2024-03-3111005229core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-3111005229core:FurnitureFittings2023-03-3111005229core:ShareCapital2024-03-3111005229core:ShareCapital2023-03-3111005229core:RetainedEarningsAccumulatedLosses2024-03-3111005229core:RetainedEarningsAccumulatedLosses2023-03-3111005229bus:Director22023-04-012024-03-3111005229core:Goodwill2023-04-012024-03-3111005229core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-012024-03-3111005229core:FurnitureFittings2023-04-012024-03-31110052292022-05-012023-03-3111005229core:NetGoodwill2023-03-3111005229core:NetGoodwill2024-03-3111005229core:NetGoodwill2023-04-012024-03-3111005229core:NetGoodwill2023-03-3111005229core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-3111005229core:FurnitureFittings2023-03-31110052292023-03-3111005229core:WithinOneYear2024-03-3111005229core:WithinOneYear2023-03-3111005229core:CurrentFinancialInstruments2024-03-3111005229core:CurrentFinancialInstruments2023-03-3111005229core:Non-currentFinancialInstruments2024-03-3111005229core:Non-currentFinancialInstruments2023-03-3111005229bus:PrivateLimitedCompanyLtd2023-04-012024-03-3111005229bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111005229bus:FRS1022023-04-012024-03-3111005229bus:AuditExemptWithAccountantsReport2023-04-012024-03-3111005229bus:Director12023-04-012024-03-3111005229bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP