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Registered number: 07470769
The Harrow Dental Practice Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07470769
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 661,667 778,431
661,667 778,431
CURRENT ASSETS
Stocks 6 5,430 5,380
Debtors 7 1,237,006 970,035
Cash at bank and in hand 65,857 8,662
1,308,293 984,077
Creditors: Amounts Falling Due Within One Year 8 (668,677 ) (520,740 )
NET CURRENT ASSETS (LIABILITIES) 639,616 463,337
TOTAL ASSETS LESS CURRENT LIABILITIES 1,301,283 1,241,768
Creditors: Amounts Falling Due After More Than One Year 9 (338,838 ) (301,162 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (164,630 ) (179,039 )
NET ASSETS 797,815 761,567
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 797,715 761,467
SHAREHOLDERS' FUNDS 797,815 761,567
Page 1
Page 2
For the year ending 31 December 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 his 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
Dr Saleh Aria
Director
24/09/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Harrow Dental Practice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07470769 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 profit and loss account over its estimated economic life of 10 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:
Freehold 15% WDV
Plant & Machinery 15% WDV
Motor Vehicles 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
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.
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.
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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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 24 (2023: 26)
24 26
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 342,472
As at 31 December 2024 342,472
Amortisation
As at 1 January 2024 342,472
As at 31 December 2024 342,472
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 344,295 371,818 134,000 246,999
As at 31 December 2024 344,295 371,818 134,000 246,999
Depreciation
As at 1 January 2024 - 174,731 14,517 141,592
Provided during the period 51,644 29,563 17,922 15,811
As at 31 December 2024 51,644 204,294 32,439 157,403
Net Book Value
As at 31 December 2024 292,651 167,524 101,561 89,596
As at 1 January 2024 344,295 197,087 119,483 105,407
Computer Equipment Total
£ £
Cost
As at 1 January 2024 23,585 1,120,697
As at 31 December 2024 23,585 1,120,697
Depreciation
As at 1 January 2024 11,426 342,266
Provided during the period 1,824 116,764
As at 31 December 2024 13,250 459,030
Net Book Value
As at 31 December 2024 10,335 661,667
As at 1 January 2024 12,159 778,431
6. Stocks
2024 2023
£ £
Stock 5,430 5,380
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Page 6
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 6,250 -
Other debtors 157,084 157,084
Amounts owed from related parties 108 -
Other taxes and social security 1,883 -
Director's loan account 946,512 812,951
1,111,837 970,035
Due after more than one year
Corporation tax recoverable assets 125,169 -
1,237,006 970,035
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 54,650 72,500
Trade creditors 105,917 66,227
Bank loans and overdrafts 123,737 58,000
Corporation tax 384,373 311,352
Other taxes and social security - 12,661
668,677 520,740
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 138,844 193,495
Bank loans 199,994 107,667
338,838 301,162
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10. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 102,004 58,000
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 199,994 107,667
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 54,650 72,500
Later than one year and not later than five years 138,844 193,495
193,494 265,995
193,494 265,995
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Related Party Disclosures
Included in the Other Debtors is an amount owed from the company director Dr S Aria totalling £946,512 (2023 - £812,951), no interest is to be charged.
Included in the Other Debtors is an amount owed from Esthetic Dental Academy Ltd totalling £108 (2023 - £0), for which Dr S Aria is a director. No interest is to be charged and no repayment terms have been agreed.
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