REGISTERED NUMBER: 04610288 (England and Wales)

543 Dental Centre Limited

Unaudited Financial Statements for the Year Ended 31 October 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Groombridge

D J Groombridge

J F Groombridge

C Theaker

D C Ward

J M Ward

M Gardener

J F Groombridge

SECRETARY:

C J Groombridge

REGISTERED OFFICE:

543 Anlaby Road

Hull

East Yorkshire

HU3 6HP

REGISTERED NUMBER:

04610288 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

1,115,053

1,200,827

Tangible assets

5

956,493

912,568

Investments

6

130,655

130,655

2,202,201

2,244,050

CURRENT ASSETS

Stocks

42,676

38,160

Debtors

7

343,345

361,769

Cash at bank and in hand

262,951

245,290

648,972

645,219

CREDITORS

Amounts falling due within one year

8

980,294

952,404

NET CURRENT LIABILITIES

(331,322

)

(307,185

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,870,879

1,936,865

CREDITORS

Amounts falling due after more than one year

9

(559,619

)

(606,786

)

PROVISIONS FOR LIABILITIES

(107,591

)

(101,703

)

NET ASSETS

1,203,669

1,228,376

CAPITAL AND RESERVES

Called up share capital

3,298

3,298

Merger relief reserve

10

127,940

127,940

Retained earnings

10

1,072,431

1,097,138

1,203,669

1,228,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 3 April 2025 and were signed on its behalf by:

C J Groombridge - Director

1.	STATUTORY INFORMATION

543 Dental Centre 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.

Preparation of consolidated financial statements

The financial statements contain information about 543 Dental Centre Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Following a review by the directors of this accounting policy, goodwill is being amortised over 15 years. The directors will monitor this policy annually to review for any indicators of further impairment.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on cost, 20% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiaries are stated at cost. Cost represents the consideration paid in acquiring the subsidiaries' shares together with associated legal and professional fees incurred in connection with the acquisition. Indications of impairment are reviewed annually.

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 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 66 (2023 - 63 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

1,286,600

AMORTISATION

At 1 November 2023

85,773

Charge for year

85,774

At 31 October 2024

171,547

NET BOOK VALUE

At 31 October 2024

1,115,053

At 31 October 2023

1,200,827

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2023

749,378

1,114,502

1,863,880

Additions

20,655

166,981

187,636

Disposals

-

(29,250

)

(29,250

)

At 31 October 2024

770,033

1,252,233

2,022,266

DEPRECIATION

At 1 November 2023

74,838

876,474

951,312

Charge for year

15,166

112,945

128,111

Eliminated on disposal

-

(13,650

)

(13,650

)

At 31 October 2024

90,004

975,769

1,065,773

NET BOOK VALUE

At 31 October 2024

680,029

276,464

956,493

At 31 October 2023

674,540

238,028

912,568

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2023

and 31 October 2024

130,655

NET BOOK VALUE

At 31 October 2024

130,655

At 31 October 2023

130,655

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

217,519

257,105

Amounts owed by group undertakings

-

17,723

Other debtors

125,826

86,941

343,345

361,769

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

275,390

286,485

Hire purchase contracts

33,890

16,367

Trade creditors

224,875

219,601

Amounts owed to group undertakings

15,968

-

Taxation and social security

182,402

218,984

Other creditors

247,769

210,967

980,294

952,404

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

506,098

587,324

Hire purchase contracts

53,521

19,462

559,619

606,786

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

220,832

259,349

10.

RESERVES

Merger relief reserve

The merger relief reserve represents the value of the merger relief reserve arising on the share for share exchange.

Retained earnings

Retained earnings represents cumulative profits and losses net of dividends and other adjustments.

11.	FINANCIAL COMMITMENTS

The company has total operating lease commitments amounting to £3,589 (2023: £4,615). Included within the total commitment are operating lease commitments due within one year of £1,026 (2023: £1,026).