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REGISTRAR OF COMPANIES

Registration number: 07493837

St. Helen's Dental Practice Limited

Unaudited Financial Statements

1 April 2024 to 4 April 2025

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St. Helen's Dental Practice Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
St. Helen's Dental Practice Limited
for the Period Ended 4 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of St. Helen's Dental Practice Limited for the period ended 4 April 2025 as set out on pages 2 to 11 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of St. Helen's Dental Practice Limited, as a body, in accordance with the terms of our engagement letter dated 5 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of St. Helen's Dental Practice Limited and state those matters that we have agreed to state to the Board of Directors of St. Helen's Dental Practice Limited, 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 St. Helen's Dental Practice Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that St. Helen's Dental Practice Limited 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 St. Helen's Dental Practice Limited. You consider that St. Helen's Dental Practice Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of St. Helen's Dental Practice Limited. 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.



Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

25 June 2025

 

St. Helen's Dental Practice Limited

(Registration number: 07493837)
Balance Sheet as at 4 April 2025

Note

4 April 2025
£

31 March 2024
£

Fixed assets

 

Intangible assets

4

-

34,125

Tangible assets

5

452,757

486,260

 

452,757

520,385

Current assets

 

Stocks

7,500

7,500

Debtors

6

52,604

82,626

Cash at bank and in hand

 

56,712

116,627

 

116,816

206,753

Creditors: Amounts falling due within one year

7

(122,101)

(222,820)

Net current liabilities

 

(5,285)

(16,067)

Total assets less current liabilities

 

447,472

504,318

Creditors: Amounts falling due after more than one year

7

(217,674)

(242,581)

Provisions for liabilities

(46,213)

(44,560)

Net assets

 

183,585

217,177

Capital and reserves

 

Allotted, called up and fully paid share capital

30

30

Profit and loss account

183,555

217,147

Total equity

 

183,585

217,177

 

St. Helen's Dental Practice Limited

(Registration number: 07493837)
Balance Sheet as at 4 April 2025 (continued)

For the financial period ending 4 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................

L H McNally

Director

.........................................

A J Armstrong

Director

 

St. Helen's Dental Practice Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 4 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Market Place
COCKERMOUTH
CA13 9NQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company has net current liabilities at 4 April 2025 and meets its day to day working capital requirements through its bank loan account facility. On the basis of this support, the directors consider it appropriate to prepare the financial statements on the going concern basis.

However, should the company not have the support of its bankers, and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

Disclosure of long or short period

The company has extended its year end by 4 days in order to prepare completion accounts in relation to the sale of shares in the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

 

St. Helen's Dental Practice Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 4 April 2025 (continued)


Government grants
Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the related costs are recognised for which the grant is intended to compensate.

Grants for the purpose of giving immediate financial support with no future related costs to be incurred are recognised in the profit and loss account when the grant proceeds become receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

50 years straight line

Plant and equipment

15% reducing balance basis

Motor vehicles

25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

St. Helen's Dental Practice Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 4 April 2025 (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

 

St. Helen's Dental Practice Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 4 April 2025 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 19 (2024 - 19).

 

St. Helen's Dental Practice Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 4 April 2025 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

420,000

420,000

At 4 April 2025

420,000

420,000

Amortisation

At 1 April 2024

385,875

385,875

Amortisation charge

34,125

34,125

At 4 April 2025

420,000

420,000

Carrying amount

At 4 April 2025

-

-

At 31 March 2024

34,125

34,125

5

Tangible assets

Land and buildings
£

Plant and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

368,103

258,532

33,116

659,751

Additions

18,227

31,807

-

50,034

Disposals

(50,000)

-

-

(50,000)

At 4 April 2025

336,330

290,339

33,116

659,785

Depreciation

At 1 April 2024

28,793

133,880

10,818

173,491

Charge for the period

6,712

21,250

5,575

33,537

At 4 April 2025

35,505

155,130

16,393

207,028

Carrying amount

At 4 April 2025

300,825

135,209

16,723

452,757

At 31 March 2024

339,310

124,652

22,298

486,260

 

St. Helen's Dental Practice Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 4 April 2025 (continued)

6

Debtors

4 April 2025
£

31 March 2024
£

Trade debtors

46,284

65,608

Amounts owed by group undertakings and undertakings in which the company has a participating interest

-

15,621

Other debtors

6,320

1,397

52,604

82,626

7

Creditors

Note

4 April 2025
£

31 March 2024
£

Due within one year

 

Loans and borrowings

8

23,609

24,963

Trade creditors

 

29,763

90,078

Amounts owed to group undertakings and undertakings in which the company has a participating interest

 

-

16,387

Taxation and social security

 

-

5,724

Corporation tax liability

 

65,806

84,367

Other creditors

 

2,923

1,301

 

122,101

222,820

Due after one year

 

Loans and borrowings

8

217,674

242,581

4 April 2025
£

31 March 2024
£

After more than five years by instalments

181,112

190,715

181,112

190,715

 

St. Helen's Dental Practice Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 4 April 2025 (continued)

8

Loans and borrowings

4 April 2025
£

31 March 2024
£

Current loans and borrowings

Bank borrowings

16,992

16,791

Finance lease liabilities

6,617

6,617

Other borrowings

-

1,555

23,609

24,963

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

4 April 2025
£

31 March 2024
£

Bank borrowings

16,992

16,791

Finance lease liabilities

6,617

6,617

23,609

23,408

Bank borrowings are secured by fixed and floating charges over the company's assets.

Finance lease liabilities are secured on the assets to which they relate.

 

4 April 2025
£

31 March 2024
£

Non-current loans and borrowings

Bank borrowings

214,366

232,655

Finance lease liabilities

3,308

9,926

217,674

242,581

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

4 April 2025
£

31 March 2024
£

Bank borrowings

214,366

232,655

Finance lease liabilities

3,308

9,926

217,674

242,581

 

St. Helen's Dental Practice Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 4 April 2025 (continued)

Bank borrowings are secured by fixed and floating charges over the company's assets.

Finance lease liabilities are secured on the assets to which they relate.

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £1,133).

10

Related party transactions

Transactions with directors

2025

At 1 April 2024
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 4 April 2025
£

A M Strong

A M Strong

-

13,215

(13,215)

-

-

-

-

               
         

L H McNally

L H McNally

-

8,477

(8,477)

-

-

-

-

               
         

 

2024

At 1 April 2023
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 31 March 2024
£

A M Strong

A M Strong

-

2,682

(2,682)

-

-

-

-

               
         

 

Directors' advances are repayable on demand.

No interest has been charged on advances to directors.