Company registration number 09289989 (England and Wales)
WELCH DENTAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
WELCH DENTAL LIMITED
CONTENTS
Page
Balance sheet
2 - 3
Notes to the financial statements
5 - 7
WELCH DENTAL LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024
- 1 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

WELCH DENTAL LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
360,022
359,972
Current assets
Debtors
4
17,121
-
0
Cash at bank and in hand
105,592
2,361
122,713
2,361
Creditors: amounts falling due within one year
5
(104,020)
(59,859)
Net current assets/(liabilities)
18,693
(57,498)
Total assets less current liabilities
378,715
302,474
Creditors: amounts falling due after more than one year
6
(264,895)
(291,302)
Net assets
113,820
11,172
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
113,720
11,072
Total equity
113,820
11,172

The notes on pages 5 to 7 form part of these financial statements.

WELCH DENTAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 3 -

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 June 2025 and are signed on its behalf by:
..............................................
Mr Nathan Welch
Director
Company registration number 09289989 (England and Wales)
WELCH DENTAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 November 2022
100
34,910
35,010
Year ended 31 October 2023:
Profit and total comprehensive income
-
81,162
81,162
Dividends
-
(105,000)
(105,000)
Balance at 31 October 2023
100
11,072
11,172
Year ended 31 October 2024:
Profit and total comprehensive income
-
182,648
182,648
Dividends
-
(80,000)
(80,000)
Balance at 31 October 2024
100
113,720
113,820

The notes on pages 5 to 7 form part of these financial statements.

WELCH DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
1
Accounting policies
Company information

Welch Dental Limited is a private company limited by shares incorporated in England and Wales. The registered office is Celtic House, Caxton Palce, Pentwyn, Cardiff, CF23 8HA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

WELCH DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
360,022
359,972
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 November 2023
359,972
Additions
50
At 31 October 2024
360,022
Carrying amount
At 31 October 2024
360,022
At 31 October 2023
359,972
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
4,578
-
0
Other debtors
12,543
-
0
17,121
-
WELCH DENTAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
26,829
29,684
Corporation tax
-
0
5,509
Other taxation and social security
(735)
-
0
Other creditors
76,282
23,233
Accruals and deferred income
1,644
1,433
104,020
59,859
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
264,895
291,302
Creditors which fall due after five years are payable as follows:
Payable by instalments
132,450
155,271
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
50
50
50
50
Oridnary B of £1 each
50
50
50
50
100
100
100
100
8
Related party transactions

As at the reporting date, there was an amount due from BDS Dentists Ltd of £196,232 (2023: £121,800).

As at the reporting date, there was an amount owing to PYBDC Limited of £119,950 (2023: £110,000).

As at the reporting date, the directors owed the company £12,543 (2023: the company owed the directors £11,433).

Dividends were paid to the directors totalling £80,000 (2023: £105,000).

9
Parent company

The company's ultimate controlling parties are N Welch and L Welch by virtue of their ownership of 100% of the issued share capital in the company.

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