REGISTERED NUMBER: 07747524 (England and Wales)

WYCHERLEYS DENTAL PRACTICE LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Dr A K R Jakhu

Mrs K H Jakhu

REGISTERED OFFICE:

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

REGISTERED NUMBER:

07747524 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Intangible assets

4

23,618

67,223

Tangible assets

5

216,750

152,402

240,368

219,625

CURRENT ASSETS

Debtors

6

66,727

200,139

Cash at bank and in hand

33,544

39,787

100,271

239,926

CREDITORS

Amounts falling due within one year

7

106,834

212,268

NET CURRENT (LIABILITIES)/ASSETS

(6,563

)

27,658

TOTAL ASSETS LESS CURRENT LIABILITIES

233,805

247,283

CREDITORS

Amounts falling due after more than one year

8

(100,288

)

(113,567

)

PROVISIONS FOR LIABILITIES

(34,537

)

(21,405

)

NET ASSETS

98,980

112,311

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

98,880

112,211

SHAREHOLDERS' FUNDS

98,980

112,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Dr A K R Jakhu - Director

1.	STATUTORY INFORMATION

Wycherleys Dental Practice 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover 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 2012, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

436,048

AMORTISATION

At 1 April 2024

368,825

Charge for year

43,605

At 31 March 2025

412,430

NET BOOK VALUE

At 31 March 2025

23,618

At 31 March 2024

67,223

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

98,252

175,063

17,400

34,100

324,815

Additions

-

86,209

8,587

-

94,796

At 31 March 2025

98,252

261,272

25,987

34,100

419,611

DEPRECIATION

At 1 April 2024

9,825

131,830

11,044

19,714

172,413

Charge for year

9,825

14,321

2,705

3,597

30,448

At 31 March 2025

19,650

146,151

13,749

23,311

202,861

NET BOOK VALUE

At 31 March 2025

78,602

115,121

12,238

10,789

216,750

At 31 March 2024

88,427

43,233

6,356

14,386

152,402

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

34,100

Transfer to ownership

(34,100

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

19,714

Charge for year

3,597

Transfer to ownership

(23,311

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

14,386

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

17,570

9,770

Amounts owed by participating interests

34,211

-

Directors' current accounts

8,451

186,972

Prepayments

6,495

3,397

66,727

200,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

12,689

12,099

Hire purchase contracts

-

1,728

Trade creditors

37,449

468

Amounts owed to participating interests

15,099

147,854

Tax

22,105

45,122

Social security and other taxes

2,602

1,306

Other creditors

1,225

111

Accrued expenses

15,665

3,580

106,834

212,268

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

12,546

12,333

Bank loans - 2-5 years

8,039

18,954

Bank loans more 5 yr by instal

79,703

82,280

100,288

113,567

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

79,703

82,280

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

112,977

125,666

Hire purchase contracts

-

1,728

112,977

127,394

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr A K R Jakhu.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wycherleys Dental Practice Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wycherleys Dental Practice Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wycherleys Dental Practice Limited and state those matters that we have agreed to state to the Board of Directors of Wycherleys Dental Practice Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wycherleys Dental Practice Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wycherleys Dental Practice Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wycherleys Dental Practice Limited. You consider that Wycherleys Dental Practice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wycherleys Dental Practice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

Date: .............................................