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REGISTERED NUMBER: 07276391 (England and Wales)















WELLSWAY DENTAL CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






WELLSWAY DENTAL CARE LIMITED (REGISTERED NUMBER: 07276391)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELLSWAY DENTAL CARE LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: Dr D J Morley
Mrs E C Morley





REGISTERED OFFICE: Wellsway Dental Surgery
56 Wellsway
Bath
BA2 4SA





REGISTERED NUMBER: 07276391 (England and Wales)





ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

WELLSWAY DENTAL CARE LIMITED (REGISTERED NUMBER: 07276391)

BALANCE SHEET
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 116,247 147,793
Tangible assets 5 305,234 313,242
421,481 461,035

CURRENT ASSETS
Stocks 45,720 33,715
Debtors 6 645,539 544,490
Cash at bank and in hand 171,557 47,849
862,816 626,054
CREDITORS
Amounts falling due within one year 7 352,222 201,471
NET CURRENT ASSETS 510,594 424,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

932,075

885,618

CREDITORS
Amounts falling due after more than one
year

8

(403,319

)

(424,981

)

PROVISIONS FOR LIABILITIES (63,434 ) (55,097 )
NET ASSETS 465,322 405,540

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 465,222 405,440
465,322 405,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

WELLSWAY DENTAL CARE LIMITED (REGISTERED NUMBER: 07276391)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Dr D J Morley - Director


WELLSWAY DENTAL CARE LIMITED (REGISTERED NUMBER: 07276391)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Wellsway 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
Turnover represents sales of dental services together with related goods

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of fifteen 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on cost and reducing balance

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WELLSWAY DENTAL CARE LIMITED (REGISTERED NUMBER: 07276391)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors have assessed whether company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 394,335
AMORTISATION
At 1 July 2023 246,542
Charge for year 31,546
At 30 June 2024 278,088
NET BOOK VALUE
At 30 June 2024 116,247
At 30 June 2023 147,793

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 659,215
Additions 74,202
At 30 June 2024 733,417
DEPRECIATION
At 1 July 2023 345,973
Charge for year 82,210
At 30 June 2024 428,183
NET BOOK VALUE
At 30 June 2024 305,234
At 30 June 2023 313,242

WELLSWAY DENTAL CARE LIMITED (REGISTERED NUMBER: 07276391)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 92,424
Additions 52,404
At 30 June 2024 144,828
DEPRECIATION
At 1 July 2023 28,883
Charge for year 16,977
At 30 June 2024 45,860
NET BOOK VALUE
At 30 June 2024 98,968
At 30 June 2023 63,541

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 62,016 33,677
Other debtors 583,523 510,813
645,539 544,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 25,287 42,168
Hire purchase contracts 67,350 70,945
Trade creditors 37,896 842
Taxation and social security 119,452 31,736
Other creditors 102,237 55,780
352,222 201,471

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans 236,536 242,554
Hire purchase contracts 166,783 182,427
403,319 424,981

WELLSWAY DENTAL CARE LIMITED (REGISTERED NUMBER: 07276391)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£    £   
Dr D J Morley
Balance outstanding at start of year (384,472 ) (350,436 )
Amounts advanced (295,435 ) (262,204 )
Amounts repaid 240,381 228,168
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (439,526 ) (384,472 )