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Registered number: 06795234
Rhiwbina Dental Surgery Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06795234
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 773,887 944,859
Tangible Assets 5 713,011 771,911
1,486,898 1,716,770
CURRENT ASSETS
Stocks 6 51,717 64,627
Debtors 7 113,352 273,126
Cash at bank and in hand 554 28,022
165,623 365,775
Creditors: Amounts Falling Due Within One Year 8 (539,838 ) (574,357 )
NET CURRENT ASSETS (LIABILITIES) (374,215 ) (208,582 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,112,683 1,508,188
Creditors: Amounts Falling Due After More Than One Year 9 (457,381 ) (656,727 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (178,257 ) (67,544 )
NET ASSETS 477,045 783,917
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 476,945 783,817
SHAREHOLDERS' FUNDS 477,045 783,917
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Nicholas Claydon
Director
13/05/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Rhiwbina Dental Surgery Limited Registered number 06795234 is a limited by shares company incorporated in England & Wales. The Registered Office is Celtic House Caxton Place, Pentwyn, Cardiff, South Glamorgan, CF23 8HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Going Concern Disclosure
At the balance sheet date, the company's current liabilities exceeded its current assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements if necessary. On this basis, the directors considers it appropriate to prepare the accounts on a going concern basis.
2.3. Turnover
Turnover represents net invoiced sales of services, excluding value added tax
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009 (£900,000), is being amortised evenly over its estimated useful life of twenty years.

Associate goodwill, acquired in 2010 (£30,000), is being amortised evenly over its estimated useful life of five years.

Associate goodwill, acquired in 2012 (£440,000), is being amortised evenly over its estimated useful life of eight years. Goodwill impairment in 2021 (£66,832.42).

Associate goodwill, acquired in 2015 (£370,000), is being amortised evenly over its estimated useful life of five years.

Goodwill acquired in 2019 (£1,259,719), is being amortised evenly over its estimated useful life of ten years.

2.5. Tangible Fixed Assets and Depreciation
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 & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
2.6. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases and hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability, and the interest element is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's account. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply then the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 40 39
40 39
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 2,999,719
As at 31 March 2024 2,999,719
Amortisation
As at 1 April 2023 2,054,860
Provided during the period 170,972
As at 31 March 2024 2,225,832
Net Book Value
As at 31 March 2024 773,887
As at 1 April 2023 944,859
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 1,499,021 269,115 60,767 1,828,903
Additions 147,228 - - 147,228
As at 31 March 2024 1,646,249 269,115 60,767 1,976,131
Depreciation
As at 1 April 2023 905,660 92,929 58,403 1,056,992
Provided during the period 161,171 44,047 910 206,128
As at 31 March 2024 1,066,831 136,976 59,313 1,263,120
Net Book Value
As at 31 March 2024 579,418 132,139 1,454 713,011
As at 1 April 2023 593,361 176,186 2,364 771,911
6. Stocks
2024 2023
£ £
Stock 51,717 64,627
7. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 113,352 273,126
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 49,558 95,221
Trade creditors 138,089 166,588
Bank loans and overdrafts 216,397 182,763
Corporation tax 86,020 94,586
Other taxes and social security 12,435 15,476
Other creditors 33,484 20,166
Accrued expenses 3,855 (443 )
539,838 574,357
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 221,548 259,563
Bank loans 235,833 397,164
457,381 656,727
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 49,558 95,221
Later than one year and not later than five years 221,548 259,563
271,106 354,784
271,106 354,784
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 178,257 67,544
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
13. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 305,323 251,345
14. Related Party Transactions
During the year rent of £78,000 (2023 - £78,000) was paid to the director Dr N Claydon. Also the directors were voted dividends of £305,323 during the year (£251,345 in 2023).
15. Ultimate Controlling Party
Ultimate control is held by the directors Dr N C A Claydon and A L Claydon by virtue of their shareholdings.
16. Charitable Donation
During the year, Charitable donation given of £5,413 (2023 : £1,051)
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