Andover Dental Practice Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—7

1. General Information

Andover Dental Practice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08342205 . The registered office is 4 Augustus Close, Stanmore, Middlesex, HA7 4PT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.

2.2. Going Concern Disclosure

The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

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

2.4. 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 income statement over its estimated economic life of ten years.

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.

2.5. Tangible Fixed Assets and Depreciation

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

Freehold	2% Straight Line
Improvements	Straight line over 20 years
Plant & Machinery	33% Straight Line
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	33% Straight Line

Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.

2.6. 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 income statement 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 income statement as incurred.

2.7. 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.

2.8. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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Andover Dental Practice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.9. 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 statement of financial position date.

Deferred Tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.11. Government Grant

Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

Government Assistance

The company received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of £26,666.52 during the year ended 31 March 2025. This is reported the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months and greater than 12 months.

2.12. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.13. Critical Accounting Judgements and Key Sources of Estimation Uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 14)

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Andover Dental Practice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	436,750

As at 31 March 2025	436,750

Amortisation
As at 1 April 2024	178,340
Provided during the period	43,675

As at 31 March 2025	222,015

Net Book Value
As at 31 March 2025	214,735

As at 1 April 2024	258,410

5. Tangible Assets

	Land & Property
	Freehold	Improvements	Plant & Machinery	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	365,459	47,872	166,268	13,600
Additions	-	-	70,778	-

As at 31 March 2025	365,459	47,872	237,046	13,600

Depreciation
As at 1 April 2024	34,109	8,160	127,845	6,257
Provided during the period	7,310	2,393	39,711	1,101

As at 31 March 2025	41,419	10,553	167,556	7,358

Net Book Value
As at 31 March 2025	324,040	37,319	69,490	6,242

As at 1 April 2024	331,350	39,712	38,423	7,343


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	6,083	599,282
Additions	-	70,778

As at 31 March 2025	6,083	670,060

Depreciation
As at 1 April 2024	6,083	182,454
Provided during the period	-	50,515

As at 31 March 2025	6,083	232,969

...CONTINUED

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Andover Dental Practice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	-	437,091

As at 1 April 2024	-	416,828

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	254,904	354,546

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	14,156	4,208
Bank loans and overdrafts	89,699	91,961
Corporation tax	(40 )	8,511
Other taxes and social security	2,210	1,706
Pensions payable	712	653
Accruals and deferred income	-	1,800
Directors' loan accounts	48,794	40,160
Amounts owed to group undertakings	12,673	-

	168,204	148,999

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	44,826	3,600
Bank loans	534,920	576,114

	579,746	579,714

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	14,156	4,208
Later than one year and not later than five years	44,826	3,600

	58,982	7,808

	58,982	7,808

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

The nominal value per share is £1 and there are 100 Ordinary Shares in issue.

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Andover Dental Practice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Related Party Transactions

The amount owed by Smile Arts Studio Pvt Ltd, a company related via common control and directorship, totalled £237,437 as at the year-end, which is a current asset, interest free and repayable on demand.

The amount owed by Ikigai Dental Limited, a company related via common control and directorship, totalled £467 as at the year-end, which is a current asset, interest free and repayable on demand.

The amount owed by Luminous Private Limited, a company related via common control and directorship, totalled £17,000 as at the year-end, which is a current asset, interest free and repayable on demand.

The amount owed to A&N Jain Holdings Limited, a company related via common control and directorship, totalled £12,673 as at the year-end, which is a current liability, interest free and repayable on demand.

As at 31 March 2025, the Directors Loan Account balance of Dr A Jain is £48,794, which is a current liability, interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		214,735		258,410
Tangible Assets	5		437,091		416,828

			651,826		675,238
CURRENT ASSETS
Debtors	6	254,904		354,546
Cash at bank and in hand		102,773		47,202

		357,677		401,748
Creditors: Amounts Falling Due Within One Year	7	(168,204 )		(148,999 )

NET CURRENT ASSETS (LIABILITIES)			189,473		252,749

TOTAL ASSETS LESS CURRENT LIABILITIES			841,299		927,987

Creditors: Amounts Falling Due After More Than One Year	8		(579,746 )		(579,714 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(82,809 )		(104,207 )

NET ASSETS			178,744		244,066

CAPITAL AND RESERVES
Called up share capital	10		100		100
Income Statement			178,644		243,966

SHAREHOLDERS' FUNDS			178,744		244,066