REGISTERED NUMBER: 13515838 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Define Dental Clinic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Rao

REGISTERED OFFICE:

Suite 5 Corum 2

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

REGISTERED NUMBER:

13515838 (England and Wales)

ACCOUNTANTS:

Verinder Powell Associates Ltd

Suite 5 Corum 2

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Tangible assets

4

111,079

131,131

CURRENT ASSETS

Stocks

14,944

15,000

Debtors

5

95,503

144,243

Cash at bank and in hand

30

14,688

110,477

173,931

CREDITORS

Amounts falling due within one year

6

532,728

644,665

NET CURRENT LIABILITIES

(422,251

)

(470,734

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(311,172

)

(339,603

)

CREDITORS

Amounts falling due after more than one year

7

27,697

89,573

NET LIABILITIES

(338,869

)

(429,176

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(338,969

)

(429,276

)

(338,869

)

(429,176

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

A Rao - Director

1.	STATUTORY INFORMATION

Define Dental Clinic 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:

- the amount of revenue can be reliably measured;

- it is probable that future economic benefits will flow to the entity;

- and specific criteria have been met for each of the company's activities.

Tangible fixed assets

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

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 15% on reducing balance

Computer equipment

- 33% on cost

Stocks

Dental stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern

The director is satisfied that the company has adequate resources to continue to operate for the foreseeable future. As a result, the financial statements have been prepared on a going concern basis.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Finance income and costs policy

Interest income and expenses are recognised using the effective interest rate method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

165,616

10,772

1,410

177,798

DEPRECIATION

At 1 January 2024

43,136

2,669

862

46,667

Charge for year

18,372

1,215

465

20,052

At 31 December 2024

61,508

3,884

1,327

66,719

NET BOOK VALUE

At 31 December 2024

104,108

6,888

83

111,079

At 31 December 2023

122,480

8,103

548

131,131

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

95,503

144,243

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

468

9,028

Hire purchase contracts

29,962

41,002

Trade creditors

83,744

38,027

Taxation and social security

563

1,430

Other creditors

417,991

555,178

532,728

644,665

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

31,914

Hire purchase contracts

27,697

57,659

27,697

89,573

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

-

40,942

Hire purchase contracts

57,659

98,661

57,659

139,603

The bank loan is secured by a personal guarantee by the director and Ermevin Ltd.

The hire purchase contracts are secured over the assets to which they relate.

9.	PENSION COMMITMENTS

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £121 (2023 - £89) were payable to the fund at the reporting date.

10.	OFF BALANCE SHEET COMMITMENTS

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £46 (2023 - £593).

11.	RELATED PARTY DISCLOSURES

Loans to related parties

Other related parties

Total

2024

£

£

At start of period

553

553

Advanced

900

900

Repaid

-

-

At end of period

1,453

1,453

Other related parties

Total

2023

£

£

At start of period

590

590

Advanced

553

553

Repaid

(590

)

(590

)

At end of period

553

553

The loans to other related parties are interest free and repayable on demand.

Loans from related parties

Key management

Other related parties

Total

2024

£

£

£

At start of period

524

519,668

520,192

Advanced

312

180,300

180,612

Repaid

-

(325,445

)

(325,445

)

At end of period

836

374,523

375,359

Key management

Other related parties

Total

2023

£

£

£

At start of period

212

262,788

263,000

Advanced

312

357,443

357,755

Repaid

-

(100,563

)

(100,563

)

At end of period

524

519,668

520,192

The loan from key management is interest free and repayable on demand.

The loans from other related parties are interest free and repayable on demand, excluding a loan of £30,000 which has interest charged at 28.8%.