Company Registration No. 07742195 (England and Wales)
TG'S Dental Suite Limited
Unaudited accounts
for the year ended 31 March 2024
TG'S Dental Suite Limited
Unaudited accounts
Contents
TG'S Dental Suite Limited
Company Information
for the year ended 31 March 2024
Directors
Mr Manish K Patel
Mr Sundip S Patel
Secretary
Mr Parthiv B Patel
Company Number
07742195 (England and Wales)
Registered Office
Pickford House
18 High View Close, Hamilton
Leicester
Leicestershire
LE4 9LJ
United Kingdom
Accountants
Sharman Fielding
The Oval
57 New Walk
Leicester
Leicestershire
LE1 7EA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of TG'S Dental Suite Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
TG'S Dental Suite Limited for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of TG'S Dental Suite Limited , as a body, in accordance with the terms of our engagement letter dated 1 May 2014. Our work has been undertaken solely to prepare for your approval the accounts of TG'S Dental Suite Limited and state those matters that we have agreed to state to the Board of Directors of TG'S Dental Suite Limited , as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TG'S Dental Suite Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TG'S Dental Suite Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of TG'S Dental Suite Limited . You consider that TG'S Dental Suite 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 accounts of TG'S Dental Suite 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 accounts.
Sharman Fielding
Chartered Accountants
The Oval
57 New Walk
Leicester
Leicestershire
LE1 7EA
10 November 2024
TG'S Dental Suite Limited
Statement of financial position
as at 31 March 2024
Intangible assets
1,226,163
761,225
Tangible assets
620,828
543,637
Cash at bank and in hand
385,575
333,540
Creditors: amounts falling due within one year
(1,042,188)
(1,308,876)
Net current liabilities
(246,237)
(177,271)
Total assets less current liabilities
1,600,754
1,127,591
Creditors: amounts falling due after more than one year
(2,109,513)
(1,374,941)
Provisions for liabilities
Deferred tax
(7,003)
(7,003)
Net liabilities
(515,762)
(254,353)
Called up share capital
169
169
Share premium
201,973
201,973
Profit and loss account
(717,904)
(456,495)
Shareholders' funds
(515,762)
(254,353)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2024 and were signed on its behalf by
Mr Manish K Patel
Director
Company Registration No. 07742195
TG'S Dental Suite Limited
Notes to the Accounts
for the year ended 31 March 2024
TG'S Dental Suite Limited is a private company, limited by shares, registered in England and Wales, registration number 07742195. The registered office is Pickford House, 18 High View Close, Hamilton, Leicester, Leicestershire, LE4 9LJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 March 2024
1,790,865
Charge for the year
244,198
At 31 March 2024
1,226,163
Intangible fixed assets (including purchase goodwill and patents) are included at cost less accumulated amortisation.
TG'S Dental Suite Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
449,660
194,092
39,245
682,997
Additions
160,080
27,611
11,496
199,187
At 31 March 2024
609,740
221,703
50,741
882,184
At 1 April 2023
100,877
30,062
8,421
139,360
Charge for the year
87,755
25,928
8,313
121,996
At 31 March 2024
188,632
55,990
16,734
261,356
At 31 March 2024
421,108
165,713
34,007
620,828
At 31 March 2023
348,783
164,030
30,824
543,637
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
112,961
112,186
Amounts falling due within one year
Trade debtors
139,441
127,948
Amounts due from group undertakings etc.
69,685
530,474
Accrued income and prepayments
131,785
90,259
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
114,065
104,503
Obligations under finance leases and hire purchase contracts
48,830
37,729
Trade creditors
498,313
226,400
Taxes and social security
20,950
11,137
Other creditors
8,306
4,998
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,882,433
1,127,003
Obligations under finance leases and hire purchase contracts
31,443
52,301
Amounts owed to group undertakings and other participating interests
195,637
195,637
TG'S Dental Suite Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
On 1st October 2021 the business of the company was hived up 100% from its subsidiary companies TG Dental Care Limited , TG Dental (Leicester) Limited , Earl's Barton Dental Limited , TG Dental ( Ashby) Limited, TG 4 Limited and TG Dental (Earl's Barton ) Limited. The financial statement comparatives represent six months of trading from 1.10.2021 to 31.3.2022
10
Average number of employees
During the year the average number of employees was 48 (2023: 40).