2023-04-012024-03-312024-03-31false09501868GLOW DENTAL 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GLOW DENTAL LIMITED

Registered Number
09501868
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

GLOW DENTAL LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Dr Hooman Sanaty

Registered Address

87 Northcote Road
Battersea
SW11 6PL

Registered Number

09501868 (England and Wales)
GLOW DENTAL LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3174,167284,167
Tangible assets4125,707146,744
299,874430,911
Current assets
Stocks54,9504,950
Debtors61,943,3982,047,141
Cash at bank and on hand349,776304,287
2,298,1242,356,378
Creditors amounts falling due within one year7(721,161)(1,124,123)
Net current assets (liabilities)1,576,9631,232,255
Total assets less current liabilities1,876,8371,663,166
Creditors amounts falling due after one year8(13,340)(20,725)
Provisions for liabilities10(31,500)(31,294)
Net assets1,831,9971,611,147
Capital and reserves
Called up share capital25,12525,125
Profit and loss account1,806,8721,586,022
Shareholders' funds1,831,9971,611,147
The financial statements were approved and authorised for issue by the Director on 12 November 2024, and are signed on its behalf by:
Dr Hooman Sanaty
Director
Registered Company No. 09501868
GLOW DENTAL LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Deferred tax
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.
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 and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Short leasehold - Straight line over 8 years Plant, machinery & Equipment - 15% on cost Computer equipment - 15% on cost
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year109
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 231,100,0001,100,000
At 31 March 241,100,0001,100,000
Amortisation and impairment
At 01 April 23815,833815,833
Charge for year110,000110,000
At 31 March 24925,833925,833
Net book value
At 31 March 24174,167174,167
At 31 March 23284,167284,167
4.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 April 2337,010337,70452,307427,021
Additions-13,622-13,622
At 31 March 2437,010351,32652,307440,643
Depreciation and impairment
At 01 April 2334,310209,34136,626280,277
Charge for year2,70027,2664,69334,659
At 31 March 2437,010236,60741,319314,936
Net book value
At 31 March 24-114,71910,988125,707
At 31 March 232,700128,36315,681146,744
5.Stocks

2024

2023

££
Other stocks4,9504,950
Total4,9504,950
6.Debtors: amounts due within one year

2024

2023

££
Other debtors1,942,0602,046,589
Prepayments and accrued income1,338552
Total1,943,3982,047,141
7.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts9,77719,281
Taxation and social security163,208122,687
Finance lease and HP contracts9,39220,735
Other creditors105,311565,632
Accrued liabilities and deferred income433,473395,788
Total721,1611,124,123
8.Creditors: amounts due after one year

2024

2023

££
Other creditors13,34020,725
Total13,34020,725
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts13,34020,725
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)31,50031,294
Total31,50031,294
11.Directors advances, credits and guarantees
In other Creditors, it includes a balance of £41,022 (2023: 485,383) at year-end related to the director, Hooman Sanaty.
12.Related party transactions
Included in "Other Debtor" an amount of £1,942,060 (2023: £2,046,588) was owed by a group undertaking, Glow Property Limited.