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Registered Number: 12186386
England and Wales

 

 

 

VALE DENTAL CENTRES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Director Dr Owain Joynson
Registered Number 12186386
Registered Office Porthkerry Dental Centre
2 Porthkerry Road
Barry
Vale of Glamorgan
CF62 7AX
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 August 2024
Principal activities
The companys principal activity during the year was the provision of oral and ancillary healthcare services.
Director
The director who served the company throughout the year was as follows:
Dr Owain Joynson
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments 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 director is responsible for keeping adequate accounting records that 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. The director is 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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Dr Owain Joynson
Director

Date approved: 15 May 2025
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Vale Dental Centres Ltd for the year ended 31 August 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vale Dental Centres Ltd for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Vale Dental Centres Ltd , as a body, in accordance with the terms of our engagement letter dated 15 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Vale Dental Centres Ltd and state those matters that we have agreed to state to the Board of Directors of Vale Dental Centres Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vale Dental Centres Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Vale Dental Centres Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vale Dental Centres Ltd . You consider that Vale Dental Centres Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Vale Dental Centres Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2024.



....................................................
S J Mayled Ltd t/a Stephen Mayled & Associates
S J Mayled Ltd t/a Stephen Mayled & Associates

Suite G2 The Business Centre
Cardiff House, Cardiff Road
Barry
Vale of Glamorgan
CF63 2AW
15 May 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 182,000    227,500 
Tangible fixed assets 4 265,512    199,718 
447,512    427,218 
Current assets      
Stocks 5 13,252    10,000 
Debtors 6 192,964    183,264 
Cash at bank and in hand 471,629    325,490 
677,845    518,754 
Creditors: amount falling due within one year 7 (249,818)   (256,650)
Net current assets 428,027    262,104 
 
Total assets less current liabilities 875,539    689,322 
Creditors: amount falling due after more than one year 8 (41,108)   (23,088)
Provisions for liabilities 9 (61,223)  
Net assets 773,208    666,234 
 

Capital and reserves
     
Called up share capital 10 100    100 
Profit and loss account 773,108    666,134 
Shareholders' funds 773,208    666,234 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 15 May 2025 and were signed by:


-------------------------------
Dr Owain Joynson
Director
4
General Information
Vale Dental Centres Ltd is a private company, limited by shares, registered in England and Wales, registration number 12186386, registration address Porthkerry Dental Centre, 2 Porthkerry Road, Barry, Vale of Glamorgan, CF62 7AX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 21 (2023 : 21).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 September 2023 227,500    227,500 
Additions  
Disposals  
At 31 August 2024 227,500    227,500 
Amortisation
At 01 September 2023  
Charge for year 45,500    45,500 
On disposals  
At 31 August 2024 45,500    45,500 
Net book values
At 31 August 2024 182,000    182,000 
At 31 August 2023 227,500    227,500 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Improvements to property   Total
  £   £   £   £   £
At 01 September 2023 239,861    48,160        288,021 
Additions 70,096      24,961    27,750    122,807 
Disposals        
At 31 August 2024 309,957    48,160    24,961    27,750    410,828 
Depreciation
At 01 September 2023 70,965    17,338        88,303 
Charge for year 47,798    6,164    2,496    555    57,013 
On disposals        
At 31 August 2024 118,763    23,502    2,496    555    145,316 
Net book values
Closing balance as at 31 August 2024 191,194    24,658    22,465    27,195    265,512 
Opening balance as at 01 September 2023 168,896    30,822        199,718 

The net book value of Improvements to property includes £ 27,195 in respect of assets leased under finance leases or hire purchase contracts.

5.

Stocks

2024
£
  2023
£
Stocks 13,252    10,000 
13,252    10,000 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 82,064    87,391 
Other Debtors 2,003    14,468 
84,067    101,859 

6.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors 108,897    81,405 
108,897    81,405 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 46,962    82,471 
Corporation Tax 78,039    56,031 
PAYE & Social Security 5,666   
Accrued Expenses 14,689    7,954 
Other Creditors 6,431    (1)
Obligations under HP/Financial Leases 98,031    110,195 
249,818    256,650 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Directors' Loan Accounts 41,108    23,088 
41,108    23,088 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 59,579   
Pension Provisions 1,644   
61,223   

10.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

11.

Ultimate Controlling Party

The Ultimate Controlling Party is Dr Owain Joynson.
5