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REGISTERED NUMBER: 07852841 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dental & Medical Wealth Management Ltd

Dental & Medical Wealth Management Ltd (Registered number: 07852841)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dental & Medical Wealth Management Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R Major
Mrs J Major





REGISTERED OFFICE: Richmond
Old Road
Southam
Cheltenham
Gloucestershire
GL52 3NN





REGISTERED NUMBER: 07852841 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Dental & Medical Wealth Management Ltd (Registered number: 07852841)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,878 21,511
17,878 21,511

CURRENT ASSETS
Debtors 6 33,656 81,091
Cash at bank 444,094 353,038
477,750 434,129
CREDITORS
Amounts falling due within one year 7 68,881 71,949
NET CURRENT ASSETS 408,869 362,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,747

383,691

CREDITORS
Amounts falling due after more than one
year

8

16,545

-
NET ASSETS 410,202 383,691

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 410,102 383,591
SHAREHOLDERS' FUNDS 410,202 383,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Dental & Medical Wealth Management Ltd (Registered number: 07852841)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mrs J Major - Director


Dental & Medical Wealth Management Ltd (Registered number: 07852841)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dental & Medical Wealth Management Ltd 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 2013, 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 etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 300,000
AMORTISATION
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Dental & Medical Wealth Management Ltd (Registered number: 07852841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 40,607
DEPRECIATION
At 1 April 2023 19,096
Charge for year 3,633
At 31 March 2024 22,729
NET BOOK VALUE
At 31 March 2024 17,878
At 31 March 2023 21,511

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 33,656 41,831
Other debtors - 39,260
33,656 81,091

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 67,382 70,450
Other creditors 1,499 1,499
68,881 71,949

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 16,545 -

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.