Company Registration No. 11540332 (England and Wales)
Kettering Dental Clinic Limited
Unaudited accounts
for the year ended 31 July 2024
Kettering Dental Clinic Limited
Unaudited accounts
Contents
Kettering Dental Clinic Limited
Company Information
for the year ended 31 July 2024
Directors
Himesh Panchal
Karnika Panchal
Company Number
11540332 (England and Wales)
Registered Office
16 Wye Close
Wellingborough
Northamptonshire
NN8 5WS
GBR
Kettering Dental Clinic Limited
Statement of financial position
as at 31 July 2024
Intangible assets
224,962
262,455
Tangible assets
409,118
525,205
Cash at bank and in hand
365,205
510,273
Creditors: amounts falling due within one year
(338,686)
(224,959)
Net current assets
392,728
418,464
Total assets less current liabilities
1,026,808
1,206,124
Creditors: amounts falling due after more than one year
(269,452)
(312,242)
Provisions for liabilities
Deferred tax
(102,280)
(99,026)
Net assets
655,076
794,856
Called up share capital
100
100
Profit and loss account
654,976
794,756
Shareholders' funds
655,076
794,856
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by
Himesh Panchal
Director
Company Registration No. 11540332
Kettering Dental Clinic Limited
Notes to the Accounts
for the year ended 31 July 2024
Kettering Dental Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 11540332. The registered office is 16 Wye Close, Wellingborough, Northamptonshire, NN8 5WS, GBR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
33.33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost. Goodwill is reviewed annually for impairment.
Kettering Dental Clinic Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill
Charge for the year
37,493
A review of the company’s accounting records during the preparation of the financial statements for the year ended 31 July 2024 identified that goodwill recognised in the financial statements for the year ended 31 July 2020 had not been amortised in accordance with the requirements of FRS 102. Goodwill should have been amortised over its estimated useful economic life of 10 years.
As a result, a prior period adjustment has been made to reflect cumulative amortisation of £112,480.37 for the financial years ended 31 July 2020 to 31 July 2023. This amount has been recognised by adjusting the opening retained earnings as at 1 August 2022 and increasing accumulated amortisation of goodwill by the same amount.
The comparative figures for the year ended 31 July 2023 have been restated to reflect this correction. The adjustment had no impact on the company’s cash flows.
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
1,883
610,965
168,722
19,363
800,933
Additions
-
24,726
-
2,098
26,824
At 31 July 2024
1,883
635,691
168,722
21,461
827,757
At 1 August 2023
38
224,488
42,181
9,021
275,728
Charge for the year
38
102,801
31,635
8,437
142,911
At 31 July 2024
76
327,289
73,816
17,458
418,639
At 31 July 2024
1,807
308,402
94,906
4,003
409,118
At 31 July 2023
1,845
386,477
126,541
10,342
525,205
Kettering Dental Clinic Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
62,288
43,838
Amounts falling due after more than one year
Amounts due from group undertakings etc.
134,437
89,000
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
90,888
19,101
Obligations under finance leases and hire purchase contracts
-
3,950
Taxes and social security
74,361
83,784
Other creditors
1,396
1,153
Loans from directors
7,923
7,034
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
269,452
312,242
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates a defined contribution pension scheme.
Contributions during the year were £218,829 (2023: £65,201), of which £211,600 (2023: £60,000) related to directors.
11
Transactions with related parties
At the year-end, amounts of £134,437 (2023: £89,000) were due from a related company. These are unsecured, interest-free, and repayable on demand.
The directors have loaned £9,170 (2023: £7,034) to the company, which is unsecured, interest-free, and repayable on demand.
12
Post balance sheet events
There have been no significant events after the balance sheet date requiring disclosure.
13
Average number of employees
During the year the average number of employees was 20 (2023: 20).