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Registered number: 08627235
Thurmaston Dental Practice Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Thurmaston Dental Practice Ltd
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Thurmaston Dental Practice Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 08627235
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 110,011 108,013
110,011 108,013
CURRENT ASSETS
Stocks 6 14,485 4,485
Debtors 7 1,741,595 1,266,154
Cash at bank and in hand 63,323 187,769
1,819,403 1,458,408
Creditors: Amounts Falling Due Within One Year 8 (1,257,740 ) (961,712 )
NET CURRENT ASSETS (LIABILITIES) 561,663 496,696
TOTAL ASSETS LESS CURRENT LIABILITIES 671,674 604,709
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,503 ) (27,003 )
NET ASSETS 644,171 577,706
CAPITAL AND RESERVES
Called up share capital 9 102 102
Profit and Loss Account 644,069 577,604
SHAREHOLDERS' FUNDS 644,171 577,706
Page 1
Page 2
Thurmaston Dental Practice Ltd
Balance Sheet (continued)
As At 31 December 2024
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Zahir Kaderbhai
Director
17 September 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Thurmaston Dental Practice Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Thurmaston Dental Practice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08627235 . The registered office is 21 High View Close, Hamilton, Leicester, LE4 9LJ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery 20% straight line
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.
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Page 4
Thurmaston Dental Practice Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
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.
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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.10. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.11. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Page 4
Page 5
Thurmaston Dental Practice Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 18)
17 18
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 900,000
As at 31 December 2024 900,000
Amortisation
As at 1 January 2024 900,000
As at 31 December 2024 900,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 373,637
Additions 49,049
As at 31 December 2024 422,686
Depreciation
As at 1 January 2024 265,624
Provided during the period 47,051
As at 31 December 2024 312,675
Net Book Value
As at 31 December 2024 110,011
As at 1 January 2024 108,013
6. Stocks
2024 2023
£ £
Finished goods 14,485 4,485
Page 5
Page 6
Thurmaston Dental Practice Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,245 -
Prepayments and accrued income 946 1,500
Other debtors 1,715,404 1,264,654
1,741,595 1,266,154
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 104,098 48,072
Other taxes and social security 34,083 47,770
Other creditors 127,169 167,252
Accruals and deferred income 992,390 698,618
1,257,740 961,712
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 2,981 2,981
Later than one year and not later than five years 2,235 5,216
5,216 8,197
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Page 7
Thurmaston Dental Practice Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
11. Related Party Transactions
Directors Loan Account - these loans are free of interest and repayable on demand. The amount is included within other creditors.
Amount due to the related party £114,500 (2023: £108,140)
Zenhance Ltd Loan Account - A company in which the director, Mr Zahir Fakrudin Kaderbhai is also a director and a shareholder. These loans are free of interest and repayable on demand. The amount is included within other debtors.
Amount due from the related party £990,794 (2023: £540,794)
KDB Holdings Ltd Loan Account - A company in which the directors are also directors and shareholders. These loans are free of interest and repayable on demand. The amount is included within other debtors.
Amount due from the related party £642,000 (2023: £642,000).
Redwood Commercial Investments Ltd Loan Account - A company in which the directors Mr Fakrudin Kaderbhai and Mrs Asma Kaderbhai are also director and shareholders. These loans are free of interest and repayable on demand. The amount is included within other debtors.
Amount due from the related party £80,000 (2023: £80,000)
12. Ultimate Controlling Party
The directors are the ultimate controlling parties by virtue of their joint beneficial ownership of 100% of the issued ordinary share capital of the company.
Page 7