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REGISTERED NUMBER: 05971338 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

THE DENTAL CENTRE LIMITED

THE DENTAL CENTRE LIMITED (REGISTERED NUMBER: 05971338)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE DENTAL CENTRE LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Dr R Rijal
Dr K Rijal





SECRETARY: Dr K Rijal





REGISTERED OFFICE: 20 Park Road
Bracknell
Berkshire
RG12 2LU





REGISTERED NUMBER: 05971338 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

THE DENTAL CENTRE LIMITED (REGISTERED NUMBER: 05971338)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 111,720 148,960
Property, plant and equipment 5 525,921 543,327
Investments 6 200 100
637,841 692,387

CURRENT ASSETS
Inventories 9,500 8,250
Debtors 7 3,436,990 2,888,110
Cash at bank and in hand 44,903 127,361
3,491,393 3,023,721
CREDITORS
Amounts falling due within one year 8 1,650,919 1,379,617
NET CURRENT ASSETS 1,840,474 1,644,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,478,315

2,336,491

CREDITORS
Amounts falling due after more than one
year

9

1,423,181

1,334,613
NET ASSETS 1,055,134 1,001,878

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,055,034 1,001,778
SHAREHOLDERS' FUNDS 1,055,134 1,001,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

THE DENTAL CENTRE LIMITED (REGISTERED NUMBER: 05971338)

Balance Sheet - continued
30 NOVEMBER 2023


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 28 November 2024 and were signed on its behalf by:





Dr K Rijal - Director


THE DENTAL CENTRE LIMITED (REGISTERED NUMBER: 05971338)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

The Dental Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about The Dental Centre Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future period. There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is recognised at the point the company has transferred to the buyer the significant risks and rewards, the amount of the revenue can be measured reliably and it is probable the economic benefits associated with the transactions will flow to the company.

Goodwill
Goodwill is capitalised and is being amortised over its useful life of 10 years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - over 10 years
Leasehold improvements - 25% on reducing balance.
Plant and machinery - 25% on reducing balance.
Fixtures and fittings - 25% on reducing balance.
Computer equipment - 25% on reducing balance.

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.
Such cost includes costs directly attributable to making the asset capable of operating as intended. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

THE DENTAL CENTRE LIMITED (REGISTERED NUMBER: 05971338)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

THE DENTAL CENTRE LIMITED (REGISTERED NUMBER: 05971338)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 1,678,400
AMORTISATION
At 1 December 2022 1,529,440
Charge for year 37,240
At 30 November 2023 1,566,680
NET BOOK VALUE
At 30 November 2023 111,720
At 30 November 2022 148,960

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Leasehold Plant and
property improvements machinery
£    £    £   
COST
At 1 December 2022 521,670 106,387 170,336
Additions - - 7,205
At 30 November 2023 521,670 106,387 177,541
DEPRECIATION
At 1 December 2022 41,734 104,032 119,115
Charge for year 10,433 589 14,606
At 30 November 2023 52,167 104,621 133,721
NET BOOK VALUE
At 30 November 2023 469,503 1,766 43,820
At 30 November 2022 479,936 2,355 51,221

THE DENTAL CENTRE LIMITED (REGISTERED NUMBER: 05971338)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 143,664 35,642 977,699
Additions 2,655 1,973 11,833
At 30 November 2023 146,319 37,615 989,532
DEPRECIATION
At 1 December 2022 139,238 30,253 434,372
Charge for year 1,770 1,841 29,239
At 30 November 2023 141,008 32,094 463,611
NET BOOK VALUE
At 30 November 2023 5,311 5,521 525,921
At 30 November 2022 4,426 5,389 543,327

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 December 2022 100
Additions 100
At 30 November 2023 200
NET BOOK VALUE
At 30 November 2023 200
At 30 November 2022 100

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 21,472 9,300
Other debtors 235,595 125,387
257,067 134,687

THE DENTAL CENTRE LIMITED (REGISTERED NUMBER: 05971338)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 807,581 766,581
Amounts owed by connected companies 2,372,342 1,986,842
3,179,923 2,753,423

Aggregate amounts 3,436,990 2,888,110

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 143,021 174,378
Trade creditors 160,482 160,527
Amounts owed to group undertakings 100 -
Amounts owed to connected companies 1,224,548 946,347
Taxation and social security 105,851 86,116
Other creditors 16,917 12,249
1,650,919 1,379,617

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,423,181 1,334,613

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 881,702 564,398

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,566,202 1,508,991

Bank loans are secured by way of fixed and floating charges over the assets of the company and contains a negative pledge.

THE DENTAL CENTRE LIMITED (REGISTERED NUMBER: 05971338)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Dr K Rijal
Balance outstanding at start of year 82,011 (99,608 )
Amounts advanced 223,020 181,619
Amounts repaid (125,187 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 179,844 82,011

An interest of £3,419 has been charged on the overdrawn amount at the beneficial interest rate of 2.25% per annum.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in debtors amounts falling due after more than one year, is a balance of £2,372,342 (2022: £1,986,842) due from connected companies. This balance is interest free and repayable on demand.

Included in creditors, amounts falling due within one year, is a balance of £1,224,253 (2022: £946,347) due to a connected company. This balance is interest free and repayable on demand.