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Registration number: 12106743

Wessex Equine Dental Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Wessex Equine Dental Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Wessex Equine Dental Services Ltd

Company Information

Director

Mr Curtis Leroy Jason Thompson

Registered office

Lower Farm Devizes Road,
Rowde
Devizes
SN10 2LX

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Wessex Equine Dental Services Ltd

(Registration number: 12106743)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

28,604

29,934

Current assets

 

Debtors

6

78,813

43,896

Cash at bank and in hand

 

1,258

25,815

 

80,071

69,711

Creditors: Amounts falling due within one year

7

(92,479)

(74,297)

Net current liabilities

 

(12,408)

(4,586)

Total assets less current liabilities

 

16,196

25,348

Creditors: Amounts falling due after more than one year

7

(13,101)

(19,450)

Net assets

 

3,095

5,898

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,995

5,798

Shareholders' funds

 

3,095

5,898

For the financial 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.

Director's responsibilities:

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

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 15 July 2025
 

.........................................
Mr Curtis Leroy Jason Thompson
Director

 

Wessex Equine Dental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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:
Lower Farm Devizes Road,
Rowde
Devizes
SN10 2LX

These financial statements were authorised for issue by the director on 15 July 2025.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Tax

The tax expense for the period comprises current 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.

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

Freehold Property

25% Reducing Balance

 

Wessex Equine Dental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Plant & Machinery

15% Reducing Balance

Motor Vehicles

20% Reducing Balance

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 merchandise sold 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

5,797

6,800

 

Wessex Equine Dental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

2,065

30,059

22,490

54,614

Additions

-

4,467

-

4,467

At 31 July 2024

2,065

34,526

22,490

59,081

Depreciation

At 1 August 2023

255

11,025

13,400

24,680

Charge for the year

453

3,526

1,818

5,797

At 31 July 2024

708

14,551

15,218

30,477

Carrying amount

At 31 July 2024

1,357

19,975

7,272

28,604

At 31 July 2023

1,810

19,034

9,090

29,934

Included within the net book value of land and buildings above is £1,357 (2023 - £1,810) in respect of freehold land and buildings.
 

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,836

6,358

Other debtors

76,977

37,538

 

78,813

43,896

 

Wessex Equine Dental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

222

(781)

Taxation and social security

91,598

72,378

Accruals and deferred income

659

2,700

92,479

74,297

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

13,101

19,450

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

13,101

19,450