Company registration number 14931762 (England and Wales)
SAIL DENTAL GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
SAIL DENTAL GROUP LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
SAIL DENTAL GROUP LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
828,443
-
0
Tangible assets
4
188,867
-
0
1,017,310
-
0
Current assets
Stocks
14,233
-
Debtors
5
24,490
-
0
Cash at bank and in hand
143,405
100
182,128
100
Creditors: amounts falling due within one year
6
(638,277)
-
0
Net current (liabilities)/assets
(456,149)
100
Total assets less current liabilities
561,161
100
Creditors: amounts falling due after more than one year
7
(492,322)
-
0
Provisions for liabilities
(27,638)
-
0
Net assets
41,201
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
41,101
-
0
Total equity
41,201
100
SAIL DENTAL GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 March 2025
Dr S D Reid
Director
Company registration number 14931762 (England and Wales)
SAIL DENTAL GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 13 June 2023
-
0
-
0
-
Period ended 31 October 2023:
Profit and total comprehensive income
-
-
0
-
0
Issue of share capital
100
-
100
Balance at 31 October 2023
100
-
0
100
Year ended 31 October 2024:
Profit and total comprehensive income
-
61,101
61,101
Dividends
-
(20,000)
(20,000)
Balance at 31 October 2024
100
41,101
41,201
SAIL DENTAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
1
Accounting policies
Company information

SAIL Dental Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 23 - 24, The Paddock Shopping Centre, Wilmslow Road, Handforth, Cheshire, SK9 3HQ.

1.1
Reporting period

The comparative accounting period represents a period from 13 June 2023 to 31 October 2023. Due to this, comparative amounts presented (including the related notes) may not be entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown gross.

Dental stock

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

NHS contract

Revenue from NHS contracts is recognised based on the number of Units of Dental Activity (UDAs) completed. Provisions are included for over/under-performance of contracted UDAs.

 

Private patient treatment plans

Revenue from contracts for the provision of services under patient treatment plans is recognised by reference to the stage of completion, when the stage of completion, costs incurred and costs to complete can be estimated reliably.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 15 years.

1.5
Tangible fixed assets

Tangible fixed assets are measured at cost and subsequently at cost, net of depreciation and any impairment losses.

SAIL DENTAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% per annum on NBV
Fixtures and fittings
15% per annum on NBV
Computers
Straight line basis over 3 years
Motor vehicles
25% per annum on NBV

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

SAIL DENTAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 6 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
13
-
0
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2023
-
0
Additions
887,618
At 31 October 2024
887,618
Amortisation and impairment
At 1 November 2023
-
0
Amortisation charged for the year
59,175
At 31 October 2024
59,175
Carrying amount
At 31 October 2024
828,443
At 31 October 2023
-
0

On 1 November 2023 the company acquired the trade and assets of a dental practice from the director. The goodwill recognised represents the excess of sales consideration over net assets acquired.

SAIL DENTAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023
-
0
Additions
241,225
Disposals
(3,006)
At 31 October 2024
238,219
Depreciation and impairment
At 1 November 2023
-
0
Depreciation charged in the year
49,415
Eliminated in respect of disposals
(63)
At 31 October 2024
49,352
Carrying amount
At 31 October 2024
188,867
At 31 October 2023
-
0
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
16,911
-
0
Other debtors
7,579
-
0
24,490
-
0
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
40,032
-
0
Trade creditors
25,590
-
0
Taxation and social security
33,344
-
0
Other creditors
539,311
-
0
638,277
-
0

Included in other creditors are amounts of £23,152 (2023 - £Nil) owed under hire purchase and finance lease agreements which are secured on the assets to which they relate.

 

Included within Bank loans is £40,032 (2023 - £Nil) of borrowings secured by a fixed and floating charge against the assets of the company.

SAIL DENTAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
6
Creditors: amounts falling due within one year
(Continued)
- 8 -

Other creditors includes a balance of £317,453 (2023 - £Nil) owed to the director.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
403,114
-
0
Other creditors
89,208
-
0
492,322
-
0

Included in other creditors are amounts of £89,208 (2023 - £Nil) owed under hire purchase and finance lease agreements which are secured on the assets to which they relate.

 

Included within Bank loans and overdrafts is £403,114 (2023 - £Nil) of borrowings secured by a fixed and floating charge against the assets of the company.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
207,361
-
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
333,755
-
0
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