SW19 Dental Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09467042

SW19 Dental Company Limited

Unaudited financial statements

31 March 2025

SW19 Dental Company Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	90,836	199,835
Tangible assets	6	873,523	846,201
		---------	-----------
		964,359	1,046,036

Current assets

Stocks		3,397	4,200
Debtors	7	41,059	24,293
Cash at bank and in hand		298,829	217,073
		---------	---------
		343,285	245,566

Creditors: Amounts falling due within one year	8	( 226,836)		( 195,326)
		---------		---------
Net current assets			116,449		50,240
			-----------		-----------
Total assets less current liabilities			1,080,808		1,096,276

Creditors: Amounts falling due after more than one year	9		( 1,023,839)		( 1,049,079)

Provisions

Taxation including deferred tax	( 55,149)	( 47,196)
	-----------	-----------
Net assets	1,820	1
	-----------	-----------

Capital and reserves

Called up share capital	1	1
Profit and loss account	1,819	–
	------	----
Shareholders funds	1,820	1
	------	----

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 income statement 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.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SW19 Dental Company 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 D Prasad
Director

Company registration number: 09467042

SW19 Dental Company Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company, registration number 09467042 , is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE. The place of business is 172 Arthur Road, London, SW19 8AQ.

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.

Revenue recognition

Turnover 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	-	10% straight line

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.

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:

Land and buildings	-	2% straight line
Dental equipment	-	15% reducing balance
Office equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price.

Hire purchase contracts

Assets held under hire purchase contract are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the income statement on a reducing balance basis.

Defined pension contribution plans

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

4. Average number of employees

The average number of employees during the year was 8 (2024: 8 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	1,089,994
	-----------
Amortisation
At 1 April 2024	890,159
Charge for the year	108,999
	-----------
At 31 March 2025	999,158
	-----------
Carrying amount
At 31 March 2025	90,836
	-----------
At 31 March 2024	199,835
	-----------

6. Tangible assets

	Land and buildings	Dental equipment	Office equipment	Total
	£	£	£	£
Cost
At 1 April 2024	747,359	188,404	25,909	961,672
Additions	–	74,891	649	75,540
	---------	---------	-------	-----------
At 31 March 2025	747,359	263,295	26,558	1,037,212
	---------	---------	-------	-----------
Depreciation
At 1 April 2024	29,894	68,662	16,915	115,471
Charge for the year	14,947	29,479	3,792	48,218
	---------	---------	-------	-----------
At 31 March 2025	44,841	98,141	20,707	163,689
	---------	---------	-------	-----------
Carrying amount
At 31 March 2025	702,518	165,154	5,851	873,523
	---------	---------	-------	-----------
At 31 March 2024	717,465	119,742	8,994	846,201
	---------	---------	-------	-----------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Dental equipment
	£
At 31 March 2025	23,792
	-------
At 31 March 2024	27,991
	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	15,307	8,943
Other debtors	25,752	15,350
	-------	-------
	41,059	24,293
	-------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans	17,327	16,731
Trade creditors	108,920	77,812
Social security and other taxes	48,367	40,865
Other creditors	52,222	59,918
	---------	---------
	226,836	195,326
	---------	---------

Bank loans are secured on the property. Included in other creditors is an amount of £7,318 (2024: £7,318) for hire purchase liabilities which are secured on the assets concerned.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	1,013,472	1,031,394
Other creditors	10,367	17,685
	-----------	-----------
	1,023,839	1,049,079
	-----------	-----------

Bank loans are secured on the property. Included in other creditors: amounts falling due after more than one year is an amount of £10,367 (2024: £17,685) for hire purchase liabilities which are secured on the assets concerned. Included in Bank loans: amounts falling due after more than one year is an amount of £944,166 (2024: £964,472) in respect of bank loan liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.