REGISTERED NUMBER: 09184578 (England and Wales)

Financial Statements for the Year Ended 30 September 2024

for

Ilkley Dental Care Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr O D D Higgs

Dr P J Moore

REGISTERED OFFICE:

39 Leeds Road

Ilkley

LS29 8DP

REGISTERED NUMBER:

09184578 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

1,464,684

1,464,684

Tangible assets

5

48,863

44,144

1,513,547

1,508,828

CURRENT ASSETS

Stocks

29,305

22,674

Debtors

6

127,919

137,779

Cash at bank and in hand

95,763

201,328

252,987

361,781

CREDITORS

Amounts falling due within one year

7

352,662

329,566

NET CURRENT (LIABILITIES)/ASSETS

(99,675

)

32,215

TOTAL ASSETS LESS CURRENT LIABILITIES

1,413,872

1,541,043

CREDITORS

Amounts falling due after more than one year

8

(614,220

)

(726,162

)

PROVISIONS FOR LIABILITIES

(11,970

)

-

NET ASSETS

787,682

814,881

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

787,482

814,681

787,682

814,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Dr O D D Higgs - Director

Dr P J Moore - Director

1.	STATUTORY INFORMATION

Ilkley Dental Care Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income receivable from dental treatments carried out during the period.

Goodwill

The carrying value of goodwill is subject to impairment reviews.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit & loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

1,589,069

AMORTISATION

At 1 October 2023

and 30 September 2024

124,385

NET BOOK VALUE

At 30 September 2024

1,464,684

At 30 September 2023

1,464,684

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 October 2023

1,640

140,496

142,136

Additions

-

20,855

20,855

At 30 September 2024

1,640

161,351

162,991

DEPRECIATION

At 1 October 2023

492

97,500

97,992

Charge for year

164

15,972

16,136

At 30 September 2024

656

113,472

114,128

NET BOOK VALUE

At 30 September 2024

984

47,879

48,863

At 30 September 2023

1,148

42,996

44,144

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

82,485

79,404

Other debtors

45,434

58,375

127,919

137,779

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

124,013

132,471

Hire purchase contracts

1,315

5,041

Trade creditors

109,880

96,899

Taxation and social security

102,270

91,021

Other creditors

15,184

4,134

352,662

329,566

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

614,220

724,847

Hire purchase contracts

-

1,315

614,220

726,162

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

280,544

366,495

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Bank loans

738,233

857,318

Lloyds Bank PLC hold a fixed and floating charge over the assets of the business and the leasehold property at 39 Leeds Road, Ilkley.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

Dr P J Moore

Balance outstanding at start of year

57,970

-

Amounts advanced

83,321

57,970

Amounts repaid

(139,381

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,910

57,970

Dr O D D Higgs

Balance outstanding at start of year

-

-

Amounts advanced

144,576

-

Amounts repaid

(109,273

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

35,303

-