IRIS Accounts Production v24.2.0.383 11167691 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111676912023-04-30111676912024-04-30111676912023-05-012024-04-30111676912022-04-30111676912022-05-012023-04-30111676912023-04-3011167691ns15:EnglandWales2023-05-012024-04-3011167691ns14:PoundSterling2023-05-012024-04-3011167691ns10:Director12023-05-012024-04-3011167691ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011167691ns10:SmallEntities2023-05-012024-04-3011167691ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011167691ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011167691ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011167691ns10:FullAccounts2023-05-012024-04-301116769112023-05-012024-04-3011167691ns10:OrdinaryShareClass12023-05-012024-04-3011167691ns10:Director22023-05-012024-04-3011167691ns10:RegisteredOffice2023-05-012024-04-3011167691ns5:CurrentFinancialInstruments2024-04-3011167691ns5:CurrentFinancialInstruments2023-04-3011167691ns5:Non-currentFinancialInstruments2024-04-3011167691ns5:Non-currentFinancialInstruments2023-04-3011167691ns5:ShareCapital2024-04-3011167691ns5:ShareCapital2023-04-3011167691ns5:RetainedEarningsAccumulatedLosses2024-04-3011167691ns5:RetainedEarningsAccumulatedLosses2023-04-3011167691ns5:NetGoodwill2023-05-012024-04-3011167691ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3011167691ns5:PlantMachinery2023-05-012024-04-3011167691ns5:FurnitureFittings2023-05-012024-04-3011167691ns5:ComputerEquipment2023-05-012024-04-3011167691ns5:NetGoodwill2023-04-3011167691ns5:NetGoodwill2024-04-3011167691ns5:NetGoodwill2023-04-3011167691ns5:PlantMachinery2023-04-3011167691ns5:FurnitureFittings2023-04-3011167691ns5:ComputerEquipment2023-04-3011167691ns5:PlantMachinery2024-04-3011167691ns5:FurnitureFittings2024-04-3011167691ns5:ComputerEquipment2024-04-3011167691ns5:PlantMachinery2023-04-3011167691ns5:FurnitureFittings2023-04-3011167691ns5:ComputerEquipment2023-04-3011167691ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3011167691ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3011167691ns5:DeferredTaxation2023-04-3011167691ns5:DeferredTaxation2024-04-3011167691ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 11167691 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Gwynne Dental Limited

Gwynne Dental Limited (Registered number: 11167691)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gwynne Dental Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Dr G E S Gwynne
P H B Williams





REGISTERED OFFICE: 41 Cliddesden Road
Basingstoke
Hampshire
RG21 3EP





REGISTERED NUMBER: 11167691 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Gwynne Dental Limited (Registered number: 11167691)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 143,982 104,089
143,982 104,089

CURRENT ASSETS
Debtors 6 111,793 117,917
Cash at bank and in hand 21,442 67,766
133,235 185,683
CREDITORS
Amounts falling due within one year 7 113,104 116,579
NET CURRENT ASSETS 20,131 69,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,113

173,193

CREDITORS
Amounts falling due after more than one
year

8

-

(16,210

)

PROVISIONS FOR LIABILITIES 9 (35,996 ) (23,340 )
NET ASSETS 128,117 133,643

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 128,116 133,642
SHAREHOLDERS' FUNDS 128,117 133,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gwynne Dental Limited (Registered number: 11167691)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





Dr G E S Gwynne - Director


Gwynne Dental Limited (Registered number: 11167691)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Gwynne Dental Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Gwynne Dental Limited (Registered number: 11167691)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 45,000
AMORTISATION
At 1 May 2023
and 30 April 2024 45,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Gwynne Dental Limited (Registered number: 11167691)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 39,778 116,088 945 156,811
Additions 4,434 60,421 3,836 68,691
At 30 April 2024 44,212 176,509 4,781 225,502
DEPRECIATION
At 1 May 2023 19,641 32,512 569 52,722
Charge for year 6,145 21,600 1,053 28,798
At 30 April 2024 25,786 54,112 1,622 81,520
NET BOOK VALUE
At 30 April 2024 18,426 122,397 3,159 143,982
At 30 April 2023 20,137 83,576 376 104,089

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 3,991 11,995
Other debtors 107,802 105,922
111,793 117,917

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,783 7,080
Trade creditors 21,923 15,956
Taxation and social security 25,809 33,697
Other creditors 62,589 59,846
113,104 116,579

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 16,210

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 35,996 23,340

Gwynne Dental Limited (Registered number: 11167691)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 23,340
Accelerated capital allowances 12,656
Balance at 30 April 2024 35,996

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Upton Farm Holdings Limited, the parent company and sole shareholder.

The parent company has its registered office and place of business at 41 Cliddesden Road, Basingstoke, Hampshire, RG21 3EP.