Registered number
03667772
Hague Dental Supplies Limited
Filleted Accounts
29 February 2024
Hague Dental Supplies Limited
Registered number: 03667772
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 435,248 448,022
Current assets
Stocks 5 2,696,971 2,189,539
Debtors 6 1,475,739 1,294,527
Cash at bank and in hand 307,019 707,086
4,479,729 4,191,152
Creditors: amounts falling due within one year 7 (3,395,701) (2,783,448)
Net current assets 1,084,028 1,407,704
Total assets less current liabilities 1,519,276 1,855,726
Creditors: amounts falling due after more than one year 8 (71,977) (131,003)
Provisions for liabilities (87,908) (102,421)
Net assets 1,359,391 1,622,302
Capital and reserves
Called up share capital 101 101
Profit and loss account 1,359,290 1,622,201
Shareholder's funds 1,359,391 1,622,302
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kirsty Hague
Director
Approved by the board on 14 October 2024
Hague Dental Supplies Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover and revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of discounts and value added taxes.

The company recognises revenue in respect of installation projects when the project is completed. Deposits received in advance are treated as deferred income until the project is complete.

Revenue in respect of the provision of equipment sales and equipment maintenance services is recognised in the period in which the equipment or service is delivered.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Motor vehicles 25% Reducing balance
Office equipment, tools and other fixed assets 4 - 10 years
Stock and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Work in progress comprises the cost of equipment allocated to, and other direct costs incurred in respect of, ongoing installation projects.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets and Hire Purchase assets
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the Profit and Loss account in the period in which they fall due.

Assets held under Hire Purchase contracts are recognised as fixed assets at their underlying cost and depreciated over their estimated useful life. The corresponding liability is included in the Balance Sheet as a Hire Purchase obligation. Hire Purchase payments are apportioned between finance costs in the Profit and Loss account and reduction of of the Hire Purchase obligation so as to allocate the finance costs over the term of the Hire Purchase contract.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 38 32
4 Tangible fixed assets
Land and buildings Office equipment, tools and other fixed assets Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 45,011 295,530 642,641 983,182
Additions 5,940 81,022 114,910 201,872
Disposals - (6,735) - (6,735)
At 29 February 2024 50,951 369,817 757,551 1,178,319
Depreciation
At 1 March 2023 7,467 167,212 360,481 535,160
Charge for the year 17,453 37,855 153,562 208,870
On disposals - (959) - (959)
At 29 February 2024 24,920 204,108 514,043 743,071
Net book value
At 29 February 2024 26,031 165,709 243,508 435,248
At 28 February 2023 37,544 128,318 282,160 448,022
5 Stock and Work in progress 2024 2023
£ £
Stock 2,065,914 1,841,729
Work in progress 631,057 347,810
2,696,971 2,189,539
6 Debtors 2024 2023
£ £
Trade debtors 346,771 454,252
Amounts owed by group undertakings 1,053,769 768,007
Other debtors 75,199 72,268
1,475,739 1,294,527
Amounts due after more than one year included above 1,053,769 -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under hire purchase contracts 134,221 97,869
Trade creditors 621,079 874,339
Taxation and social security costs 454,528 562,251
Other creditors 2,185,873 1,248,989
3,395,701 2,783,448
8 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under hire purchase contracts 71,977 131,003
9 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 9,943 16,175
10 Contingent liabilities
The company has a contingent liability in respect of a debenture over its assets granted on 26 February 2021 as security for a loan to Ampco 159 Limited. The outstanding loan balance at 29 February 2024 was £550,000 (2023: £700,000).
11 Related party transactions
During the year the company made further payments on behalf of Ampco 159 Limited in respect of rent and other overhead expenses, loan repayments and Corporation Tax totalling £370,490 (2023: £278,554) received VAT refunds and other funds on behalf of the company amounting to £18,728 (2023: £265,973) and accepted management charges in respect of rent totalling £66,000 (2023: £77,594) resulting in a loan balance owed by Ampco 159 Limited at the balance sheet date of £1,053,769 (2023: £768,007). The loan is interest free and repayable after more than one year with no repayment date set
12 Controlling party
The company is controlled by Ampco 159 Limited.

The registered office address of Ampco 159 Limited is:
1 Graylands Gateway
Langhurstwood Road,
Horsham,
West Sussex,
RH12 4QD.

The group is exempt from preparing consolidated accounts.
13 Other information
Hague Dental Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Graylands Gateway
Langhurstwood Road
Horsham
West Sussex
RH12 4QD
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