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REGISTERED NUMBER: 12247216 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dental Wellness Holdings Limited

Dental Wellness Holdings Limited (Registered number: 12247216)






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


Dental Wellness Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr Sameer Satish Patel
Dr Shivani Indrakant Patel





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 12247216 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Dental Wellness Holdings Limited (Registered number: 12247216)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 413,125 386,250
Tangible assets 5 541,177 531,167
954,302 917,417

CURRENT ASSETS
Debtors 6 21,107 10,562
Cash at bank 33,290 72,350
54,397 82,912
CREDITORS
Amounts falling due within one year 7 698,009 652,717
NET CURRENT LIABILITIES (643,612 ) (569,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES 310,690 347,612

CREDITORS
Amounts falling due after more than one year 8 (383,366 ) (390,115 )

PROVISIONS FOR LIABILITIES (9,211 ) (5,099 )
NET LIABILITIES (81,887 ) (47,602 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 (81,888 ) (47,603 )
SHAREHOLDERS' FUNDS (81,887 ) (47,602 )

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.

Dental Wellness Holdings Limited (Registered number: 12247216)

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 25 March 2025 and were signed on its behalf by:





Dr Sameer Satish Patel - Director


Dental Wellness Holdings Limited (Registered number: 12247216)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dental Wellness Holdings 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 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 2021, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

Dental Wellness Holdings Limited (Registered number: 12247216)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 450,000
Additions 75,000
At 31 March 2024 525,000
AMORTISATION
At 1 April 2023 63,750
Charge for year 48,125
At 31 March 2024 111,875
NET BOOK VALUE
At 31 March 2024 413,125
At 31 March 2023 386,250

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023 504,333 23,250 9,277 536,860
Additions - 14,061 5,199 19,260
At 31 March 2024 504,333 37,311 14,476 556,120
DEPRECIATION
At 1 April 2023 - 3,771 1,922 5,693
Charge for year - 6,334 2,916 9,250
At 31 March 2024 - 10,105 4,838 14,943
NET BOOK VALUE
At 31 March 2024 504,333 27,206 9,638 541,177
At 31 March 2023 504,333 19,479 7,355 531,167

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 3,129 180
Directors' current accounts 12,969 -
Tax 3,793 9,247
Prepayments 1,216 1,135
21,107 10,562

Dental Wellness Holdings Limited (Registered number: 12247216)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 17,762 17,274
Tax 543 9,581
Social security and other taxes 9,881 9,357
Other creditors 587,747 501,278
Directors' current accounts - 1,247
Deferred income 80,000 112,000
Accrued expenses 2,076 1,980
698,009 652,717

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 17,762 17,274
Bank loans - 2-5 years 53,286 51,823
Bank loans more 5 yr by instal 312,318 321,018
383,366 390,115

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 312,318 321,018

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 12,928 12,928
Between one and five years 28,011 40,939
40,939 53,867

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 401,128 407,389

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary shares £1 1 1

Dental Wellness Holdings Limited (Registered number: 12247216)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. RESERVES
Retained
earnings
£   

At 1 April 2023 (47,603 )
Deficit for the year (34,285 )
At 31 March 2024 (81,888 )

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Dr Sameer Satish Patel
Balance outstanding at start of year (624 ) (312 )
Amounts advanced 7,500 -
Amounts repaid (392 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,484 (624 )

Dr Shivani Indrakant Patel
Balance outstanding at start of year (623 ) (311 )
Amounts advanced 7,500 -
Amounts repaid (392 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,485 (623 )

The overdrawn Director's Loan Account was repaid within 9 months of the year end.