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Registered number: 09300581
Wigston Dental Care Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Willow Management Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09300581
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 218,500 -
Tangible Assets 5 107,566 -
326,066 -
CURRENT ASSETS
Stocks 6 9,901 -
Debtors 7 50,033 100
Cash at bank and in hand 33,606 -
93,540 100
Creditors: Amounts Falling Due Within One Year 8 (94,937 ) -
NET CURRENT ASSETS (LIABILITIES) (1,397 ) 100
TOTAL ASSETS LESS CURRENT LIABILITIES 324,669 100
Creditors: Amounts Falling Due After More Than One Year 9 (228,735 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,051 ) -
NET ASSETS 71,883 100
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 71,783 -
SHAREHOLDERS' FUNDS 71,883 100
Page 1
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs S Hindocha
Director
31/08/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Wigston Dental Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09300581 . The registered office is 287, Leicester Road, Wigston, Leicester, Leicestershire, LE18 1JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% per annum on cost
Motor Vehicles 20% per annum on cost
Fixtures & Fittings 15% per annum on cost
Computer Equipment 15% per annum on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 1)
7 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 -
Additions 230,000
As at 30 November 2024 230,000
Amortisation
As at 1 December 2023 -
Provided during the period 11,500
As at 30 November 2024 11,500
...CONTINUED
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Net Book Value
As at 30 November 2024 218,500
As at 1 December 2023 -
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 - - -
Additions 68,223 62,339 130,562
As at 30 November 2024 68,223 62,339 130,562
Depreciation
As at 1 December 2023 - - -
Provided during the period 13,645 9,351 22,996
As at 30 November 2024 13,645 9,351 22,996
Net Book Value
As at 30 November 2024 54,578 52,988 107,566
As at 1 December 2023 - - -
6. Stocks
2024 2023
£ £
Stock 9,901 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,018 -
Other debtors 28,015 100
50,033 100
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,842 -
Trade creditors 43,348 -
Bank loans and overdrafts 11,121 -
Other creditors 1,064 -
Taxation and social security 20,562 -
94,937 -
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 52,468 -
Bank loans 176,267 -
228,735 -
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 18,842 -
Later than one year and not later than five years 52,468 -
71,310 -
71,310 -
11. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid - 100
Called Up Share Capital has been paid up 100 -
Amount of Allotted, Called Up Share Capital 100 100
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mrs Sheetal Hindocha 23,378 - - - 23,378
The above loan is unsecured, interest free and repayable on demand. The loan was repaid out of the proceeds of a dividend in April 2025.
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