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REGISTERED NUMBER: 07745716 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WRIGHT DENTAL CARE LIMITED

WRIGHT DENTAL CARE LIMITED (REGISTERED NUMBER: 07745716)






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


WRIGHT DENTAL CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr D J Wright
Dr D P Gavens





REGISTERED OFFICE: Lyndholme
Newcastle Street
WORKSOP
S80 2AS





REGISTERED NUMBER: 07745716 (England and Wales)

WRIGHT DENTAL CARE LIMITED (REGISTERED NUMBER: 07745716)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 72,104 63,846
72,104 63,846

CURRENT ASSETS
Inventories 31,427 28,312
Debtors 6 124,436 149,197
Cash at bank 391,792 353,997
547,655 531,506
CREDITORS
Amounts falling due within one year 7 526,273 477,304
NET CURRENT ASSETS 21,382 54,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,486

118,048

CREDITORS
Amounts falling due after more than one year 8 (73,050 ) (101,286 )

PROVISIONS FOR LIABILITIES (15,359 ) (9,494 )
NET ASSETS 5,077 7,268

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 4,877 7,068
SHAREHOLDERS' FUNDS 5,077 7,268

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.

WRIGHT DENTAL CARE LIMITED (REGISTERED NUMBER: 07745716)

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 13 November 2024 and were signed on its behalf by:




Dr D J Wright - Director



Dr D P Gavens - Director


WRIGHT DENTAL CARE LIMITED (REGISTERED NUMBER: 07745716)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wright Dental Care 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
Revenue 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 2011, has been fully amortised over its estimated useful life of 10 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 - 20% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

WRIGHT DENTAL CARE LIMITED (REGISTERED NUMBER: 07745716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 1,100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 902,807
Additions 49,387
At 31 March 2024 952,194
DEPRECIATION
At 1 April 2023 838,961
Charge for year 41,129
At 31 March 2024 880,090
NET BOOK VALUE
At 31 March 2024 72,104
At 31 March 2023 63,846

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,255 98,893
Other debtors 31,181 50,304
124,436 149,197

WRIGHT DENTAL CARE LIMITED (REGISTERED NUMBER: 07745716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,500 17,500
Hire purchase contracts - 13,760
Trade creditors 116,524 27,615
Taxation and social security 140,600 116,057
Other creditors 251,649 302,372
526,273 477,304

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 73,050 88,673
Hire purchase contracts - 12,613
73,050 101,286

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,050 18,673

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 90,550 106,173

The companies bank loans are secured by fixed and floating charges over the assets of the company and over the building which is owned Dr D Wright, one of the directors.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
50 Ordinary D £1 50 50
200 200

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £211,500 (2023 - £245,675).