Queens Crescent Dental Practice Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06030355

Queens Crescent Dental Practice Limited

Unaudited financial statements

31 March 2025

Queens Crescent Dental Practice Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	26,667	41,214
Tangible assets	6	20,715	14,565
		-------	-------
		47,382	55,779

Current assets

Stocks		2,500	2,000
Debtors	7	1,483,312	1,216,187
Cash at bank and in hand		168,074	253,566
		-----------	-----------
		1,653,886	1,471,753

Creditors: Amounts falling due within one year	8	( 170,929)		( 166,889)
		-----------		-----------
Net current assets			1,482,957		1,304,864
			-----------		-----------
Total assets less current liabilities			1,530,339		1,360,643

Provisions

Taxation including deferred tax	( 5,179)	( 3,641)
	-----------	-----------
Net assets	1,525,160	1,357,002
	-----------	-----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,525,060	1,356,902
	-----------	-----------
Shareholders funds	1,525,160	1,357,002
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Queens Crescent Dental Practice Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Dr S Oikonomou	Mr K Oikonomou
Director	Director

Company registration number: 06030355

Queens Crescent Dental Practice Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Queens Crescent Dental, 3 Queens Crescent, Burgess Hill, West Sussex RH15 9DR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Amortisation of goodwill is estimated over 20 years. The carrying value at the year end was £26,667 (2024: £41,214).

Revenue recognition

Turnover is in respect of dental services rendered and is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Over 20 years.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

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

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	35% reducing balance

Stocks

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

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution pensions are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 6 (2024: 9 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	290,937
	---------
Amortisation
At 1 April 2024	249,723
Charge for the year	14,547
	---------
At 31 March 2025	264,270
	---------
Carrying amount
At 31 March 2025	26,667
	---------
At 31 March 2024	41,214
	---------

6. Tangible assets

	Plant and machinery
	£
Cost
At 1 April 2024	56,254
Additions	12,036
	-------
At 31 March 2025	68,290
	-------
Depreciation
At 1 April 2024	41,689
Charge for the year	5,886
	-------
At 31 March 2025	47,575
	-------
Carrying amount
At 31 March 2025	20,715
	-------
At 31 March 2024	14,565
	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	27,907	17,976
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,101,094	992,022
Other debtors	354,311	206,189
	-----------	-----------
	1,483,312	1,216,187
	-----------	-----------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	29,410	32,174
Social security and other taxes	126,406	105,631
Other creditors	15,113	29,084
	---------	---------
	170,929	166,889
	---------	---------

9. Directors' advances, credits and guarantees

During the year, a director operated a loan with the company at HM Revenue & Customs approved interest rates. At the year end the director owed £273,455 to the company (2024: £171,583).