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Unaudited Financial Statements

for the Year Ended 31 August 2024

for

West One Dental Supplies Limited

West One Dental Supplies Limited (Registered number: 02151611)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


West One Dental Supplies Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: N J Catchpole
A Lee





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 02151611 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

West One Dental Supplies Limited (Registered number: 02151611)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 167,549 192,949

CURRENT ASSETS
Stocks 128,382 156,175
Debtors 5 162,816 165,733
Cash at bank 180,282 244,744
471,480 566,652
CREDITORS
Amounts falling due within one year 6 311,233 287,331
NET CURRENT ASSETS 160,247 279,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,796

472,270

CREDITORS
Amounts falling due after more than one
year

7

-

(34,906

)

PROVISIONS FOR LIABILITIES 9 (32,192 ) (32,192 )
NET ASSETS 295,604 405,172

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Fair value reserve 11 102,811 102,811
Retained earnings 182,793 292,361
SHAREHOLDERS' FUNDS 295,604 405,172

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

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

West One Dental Supplies Limited (Registered number: 02151611)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:




N J Catchpole - Director



A Lee - Director


West One Dental Supplies Limited (Registered number: 02151611)

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


1. STATUTORY INFORMATION

West One 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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 8 (2023 - 8 ) .

West One Dental Supplies Limited (Registered number: 02151611)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 152,180 17,631 89,983 173,962 433,756
Additions - - 499 - 499
Disposals - - - (102,471 ) (102,471 )
At 31 August 2024 152,180 17,631 90,482 71,491 331,784
DEPRECIATION
At 1 September 2023 65,034 17,390 50,364 108,019 240,807
Charge for year 3,308 48 5,110 16,486 24,952
Eliminated on disposal - - - (101,524 ) (101,524 )
At 31 August 2024 68,342 17,438 55,474 22,981 164,235
NET BOOK VALUE
At 31 August 2024 83,838 193 35,008 48,510 167,549
At 31 August 2023 87,146 241 39,619 65,943 192,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 162,114 165,031
Other debtors 702 702
162,816 165,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 34,906 19,035
Trade creditors 92,121 66,329
Tax (28,311 ) 24,259
Social security and other taxes 4,163 9,954
VAT 94,771 48,172
Other creditors 86,225 86,225
Directors' current accounts 21,358 27,357
Accruals and deferred income 6,000 6,000
311,233 287,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) - 34,906

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 34,906 19,035

West One Dental Supplies Limited (Registered number: 02151611)

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


8. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years - 34,906

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 32,192 32,192

Deferred
tax
£   
Balance at 1 September 2023 32,192
Balance at 31 August 2024 32,192

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1.00 10,000 10,000

11. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 102,811

The fair value reserve represents the cumulative effect of revaluations of freehold land and buildings which are revalued to fair value at each reporting date, net of deferred tax provided on the property.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.