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Registered number: 14512368









DENT SPA EXPERT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
DENT SPA EXPERT LIMITED
REGISTERED NUMBER: 14512368

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
414,412

  
414,412

Current assets
  

Debtors: amounts falling due after more than one year
 5 
63,750

Debtors: amounts falling due within one year
 5 
10,314

Cash at bank and in hand
  
1,133

  
75,197

Creditors: amounts falling due within one year
 6 
(454,254)

Net current (liabilities)/assets
  
 
 
(379,057)

Total assets less current liabilities
  
35,355

Creditors: amounts falling due after more than one year
 7 
(165,171)

  

Net (liabilities)/assets
  
(129,816)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(129,916)

  
(129,816)


Page 1

 
DENT SPA EXPERT LIMITED
REGISTERED NUMBER: 14512368
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2024.

K Kochanek
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DENT SPA EXPERT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Dent Spa Expert Limited is a private company limited by shares and registered in England & Wales. The address of the registered office and principal place of business is Unit 5, Hampstead West, 224 Iverson Road, London, England, NW6 2HL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

During this initial period, the company secured financing for its new business premises and equipment, etc. Trading commenced towards the end of the period.  
 
These financial statements are prepared on the basis that the conpany will continue in operational existence for the foreseeable future on the basis of the continuing support of its lenders.  

 
2.3

Currency

The company's functional and presentational currency is GBP.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Turnover is recognised at the point of delivery of services to customers.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the period in which they are incurred.

Page 3

 
DENT SPA EXPERT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Short-term leasehold property
-
straight line over the lease term
Plant and machinery
-
20%
per annum on the straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. 

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from third parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.

Page 4

 
DENT SPA EXPERT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


Additions
317,199
97,213
414,412



At 31 March 2024

317,199
97,213
414,412






Net book value



At 31 March 2024
317,199
97,213
414,412


5.


Debtors

2024
£

Due after more than one year

Other debtors
63,750

63,750


2024
£

Due within one year

Other debtors
137

Prepayments
10,177

10,314


Page 5

 
DENT SPA EXPERT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
82,839

Obligations under finance lease and hire purchase contracts
8,945

Other creditors
330,379

Accruals
32,091

454,254



7.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
100,000

Net obligations under finance leases and hire purchase contracts
26,549

Other creditors
38,622

165,171



8.


Related party transactions

At the financial period end date, the company owed £298,000 to companies related by virtue of common directorships and shareholders and is included in other creditors falling due within one year. The loans are repayable on demand but repayment will not be sought until such time that the company's cashflow position allows.  No interest is charged on the loans.

 
Page 6