Norwich Dental Implant Centre Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06694555 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 September 2024

for

Norwich Dental Implant Centre Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

R B De Villiers

C W De Villiers

REGISTERED OFFICE:

Suite 1

Concept House

23 Billet Lane

Hornchurch

Essex

RM11 1XP

REGISTERED NUMBER:

06694555 (England and Wales)

ACCOUNTANTS:

Havard & Associates

Suite 1

Concept House

23 Billet Lane

Hornchurch

Essex

RM11 1XP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

24,443

26,343

24,443

26,343

CURRENT ASSETS

Stocks

205,000

171,000

Debtors

6

1,162,723

1,141,654

Investments

7

363,863

Cash at bank and in hand

349,481

355,891

2,081,067

2,032,408

CREDITORS

Amounts falling due within one year

8

1,877,314

1,751,774

NET CURRENT ASSETS

203,753

280,634

TOTAL ASSETS LESS CURRENT
LIABILITIES

228,196

306,977

CREDITORS

Amounts falling due after more than one
year

9

(215,855

)

(215,855

)

PROVISIONS FOR LIABILITIES

(6,115

)

(6,586

)

NET ASSETS

6,226

84,536

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

6,224

84,534

SHAREHOLDERS' FUNDS

6,226

84,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

R B De Villiers - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill of £430,000 was purchased from the company's director on incorporation on 1st October 2009, having previously been acquired by the director, in his then capacity as a sole trader from an unrelated third party on 3rd July 2006. Goodwill is amortised at 10% per annum using the straight line method.

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.

Plant and machinery etc

-

20% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 30 September 2023

and 29 September 2024

430,000

AMORTISATION

At 30 September 2023

and 29 September 2024

430,000

NET BOOK VALUE

At 29 September 2024

-

At 29 September 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 30 September 2023

255,629

Additions

4,167

At 29 September 2024

259,796

DEPRECIATION

At 30 September 2023

229,286

Charge for year

6,067

At 29 September 2024

235,353

NET BOOK VALUE

At 29 September 2024

24,443

At 29 September 2023

26,343

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

Trade debtors

7,909

Other debtors

1,154,814

1,133,745

1,162,723

1,141,654

7.	CURRENT ASSET INVESTMENTS

29.9.24

29.9.23

£

Unlisted investments

363,863

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

Bank loans and overdrafts

33,173

56,321

Trade creditors

14,020

1,195

Taxation and social security

205,687

200,399

Other creditors

1,624,434

1,493,859

1,877,314

1,751,774

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

29.9.24

29.9.23

£

Bank loans

215,855

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

29.9.24

29.9.23

value:

£

2

Ordinary

£1

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Overdrawn directors loans totalled £592,050 at the reporting date. Interest has been charged based on a methodology approved by the UK tax authority.

12.	RELATED PARTY DISCLOSURES

This company has associated companies under common control, Grovefield Dental Surgery Limited, Treetops Dental Practice Limited and Golden Triangle Dental Limited.

On the 30th September 2013 the company bought the shares of Treetops Dental Practice Ltd.