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REGISTERED NUMBER: 09130051 (England and Wales)















Report of the Directors and

Financial Statements for the Period 1 August 2023 to 31 May 2024

for

Value And Service Dental Supplies
Limited

Value And Service Dental Supplies
Limited (Registered number: 09130051)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 May 2024




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Income Statement 7

Balance Sheet 8

Notes to the Financial Statements 10


Value And Service Dental Supplies
Limited

Company Information
for the Period 1 August 2023 to 31 May 2024







DIRECTORS: R B Amipara
Ankit Patel





REGISTERED OFFICE: Unit C, Sands Industrial Estate
Lane End Road
High Wycombe
HP12 4HH





REGISTERED NUMBER: 09130051 (England and Wales)





AUDITORS: Prestons
Chartered Accountants
Statutory Auditors
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

Value And Service Dental Supplies
Limited (Registered number: 09130051)

Report of the Directors
for the Period 1 August 2023 to 31 May 2024

The directors present their report with the financial statements of the company for the period 1 August 2023 to 31 May 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

R B Amipara
Ankit Patel

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Prestons, will be proposed for re-appointment at the forthcoming Annual General Meeting.


Value And Service Dental Supplies
Limited (Registered number: 09130051)

Report of the Directors
for the Period 1 August 2023 to 31 May 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R B Amipara - Director


19 May 2025

Report of the Independent Auditors to the Members of
Value And Service Dental Supplies
Limited

Opinion
We have audited the financial statements of Value And Service Dental Supplies Limited (the 'company') for the period ended 31 May 2024 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 May 2024 and of its profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Value And Service Dental Supplies
Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Value And Service Dental Supplies
Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities to detect material misstatement in respect of irregularities,
including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Anwer Patel BA (Hons) FCA,BFP (Senior Statutory Auditor)
for and on behalf of Prestons
Chartered Accountants
Statutory Auditors
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

23 May 2025

Value And Service Dental Supplies
Limited (Registered number: 09130051)

Income Statement
for the Period 1 August 2023 to 31 May 2024

Period
1/8/23
to Year Ended
31/5/24 31/7/23
(Unaudited)
Notes £    £   

TURNOVER 1,789,832 1,278,473

Cost of sales 971,060 738,623
GROSS PROFIT 818,772 539,850

Administrative expenses 431,837 198,813
386,935 341,037

Other operating income 1,842 -
OPERATING PROFIT 4 388,777 341,037

Interest receivable and similar income 346 457
PROFIT BEFORE TAXATION 389,123 341,494

Tax on profit 101,132 72,188
PROFIT FOR THE FINANCIAL PERIOD 287,991 269,306

Value And Service Dental Supplies
Limited (Registered number: 09130051)

Balance Sheet
31 May 2024

31.5.24 31.7.23
(Unaudited)
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 9,000 10,000
Tangible assets 6 1,607 700
10,607 10,700

CURRENT ASSETS
Stocks 530,455 385,896
Debtors 7 1,071,477 750,544
Cash at bank 125,670 48,036
1,727,602 1,184,476
CREDITORS
Amounts falling due within one year 8 396,981 138,850
NET CURRENT ASSETS 1,330,621 1,045,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,341,228

1,056,326

CREDITORS
Amounts falling due after more than one
year

9

-

3,089
NET ASSETS 1,341,228 1,053,237

RESERVES
Share premium 100 100
Retained earnings 1,341,128 1,053,137
1,341,228 1,053,237

Value And Service Dental Supplies
Limited (Registered number: 09130051)

Balance Sheet - continued
31 May 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





R B Amipara - Director


Value And Service Dental Supplies
Limited (Registered number: 09130051)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 May 2024

1. STATUTORY INFORMATION

Value And Service Dental Supplies 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 net income receivable from sale of goods and services in the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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 period 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.


Value And Service Dental Supplies
Limited (Registered number: 09130051)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 May 2024

2. ACCOUNTING POLICIES - continued
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 period 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 period was 7 (2023 - 7 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1/8/23
to Year Ended
31/5/24 31/7/23
(Unaudited)
£    £   
Depreciation - owned assets 446 175
Goodwill amortisation 1,000 -

Value And Service Dental Supplies
Limited (Registered number: 09130051)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 May 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 May 2024 10,000
AMORTISATION
Charge for period 1,000
At 31 May 2024 1,000
NET BOOK VALUE
At 31 May 2024 9,000
At 31 July 2023 10,000

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 875
Additions 1,353
At 31 May 2024 2,228
DEPRECIATION
At 1 August 2023 175
Charge for period 446
At 31 May 2024 621
NET BOOK VALUE
At 31 May 2024 1,607
At 31 July 2023 700

Value And Service Dental Supplies
Limited (Registered number: 09130051)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.7.23
(Unaudited)
£    £   
Trade debtors 332,311 277,272
Other debtors 739,166 473,272
1,071,477 750,544

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.7.23
(Unaudited)
£    £   
Trade creditors 20,751 3,635
Taxation and social security 277,995 116,923
Other creditors 98,235 18,292
396,981 138,850

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.7.23
(Unaudited)
£    £   
Other creditors - 3,089

10. ULTIMATE CONTROLLING PARTY

The Directors consider Mr R B Amipara and Mrs M R Amipra to be the ultimate controlling parties by virtue of their shareholding in the issued share capital of Inventure Holding Limited the parent company.