REGISTERED NUMBER: 09291370 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COVENT GARDEN DENTAL SPA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr N F Chigwedere

REGISTERED OFFICE:

15

Grape Street

Covent Garden

London

WC2H 8DR

REGISTERED NUMBER:

09291370 (England and Wales)

ACCOUNTANTS:

TaxAgility Limited

34 Lower Richmond Road

Putney

London

SW15 1JP

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

236,050

259,216

236,050

259,216

CURRENT ASSETS

Inventories

48,000

48,000

Debtors

6

170,752

166,338

Cash at bank

13

7

218,765

214,345

CREDITORS

Amounts falling due within one year

7

(165,132

)

(173,956

)

NET CURRENT ASSETS

53,633

40,389

TOTAL ASSETS LESS CURRENT LIABILITIES

289,683

299,605

CREDITORS

Amounts falling due after more than one year

8

(288,525

)

(298,212

)

NET ASSETS

1,158

1,393

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

9

1,157

1,392

1,158

1,393

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 her 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 30 September 2025 and were signed by:

Dr N F Chigwedere - Director

1.	STATUTORY INFORMATION

Covent Garden Dental Spa 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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

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 6 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

38,000

AMORTISATION

At 1 January 2024

and 31 December 2024

38,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

260,797

126,828

92,006

12,472

492,103

Additions

-

13,836

209

-

14,045

Disposals

-

(603

)

-

-

(603

)

At 31 December 2024

260,797

140,061

92,215

12,472

505,545

DEPRECIATION

At 1 January 2024

86,932

66,042

72,746

7,167

232,887

Charge for year

17,387

13,565

3,888

1,768

36,608

At 31 December 2024

104,319

79,607

76,634

8,935

269,495

NET BOOK VALUE

At 31 December 2024

156,478

60,454

15,581

3,537

236,050

At 31 December 2023

173,865

60,786

19,260

5,305

259,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

33,558

13,159

Other debtors

137,194

153,179

170,752

166,338

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

34,850

41,791

Hire purchase contracts

11,568

11,294

Trade creditors

36,304

36,033

Taxation and social security

76,218

69,074

Other creditors

6,192

15,764

165,132

173,956

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

261,701

267,217

Hire purchase contracts

12,104

23,673

Other creditors

14,720

7,322

288,525

298,212

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Funding Circle loan

17,702

-

Repayable by instalments

Bank loans more 5 yr by instal

190,971

220,627

Amounts falling due between 2-5 years:

Repayable by instalments

Bank loans between 2- 5 yr by instal

53,027

46,590

9.

RESERVES

Retained

earnings

£

At 1 January 2024

1,392

Profit for the year

46,765

Dividends

(47,000

)

At 31 December 2024

1,157

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Dr N F Chigwedere

Balance outstanding at start of year

56,088

56,531

Amounts repaid

(10,643

)

(443

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

45,445

56,088

It is confirmed that the director’s current account is debited with personal transactions and credited with director’s remuneration as well as dividends.

The loan is unsecured, interest charged at 2% and no repayment terms have been agreed.