REGISTERED NUMBER: 11939812 (England and Wales)

WV1 DENTAL AND IMPLANT CLINIC 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:

11939812 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Intangible assets

4

103,312

125,062

Tangible assets

5

298,065

316,527

401,377

441,589

CURRENT ASSETS

Debtors

6

6,868

150,831

Cash at bank and in hand

14,756

15,455

21,624

166,286

CREDITORS

Amounts falling due within one year

7

235,542

69,456

NET CURRENT (LIABILITIES)/ASSETS

(213,918

)

96,830

TOTAL ASSETS LESS CURRENT LIABILITIES

187,459

538,419

CREDITORS

Amounts falling due after more than one year

8

(3,309

)

(381,322

)

PROVISIONS FOR LIABILITIES

(17,625

)

(27,050

)

NET ASSETS

166,525

130,047

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

166,425

129,947

SHAREHOLDERS' FUNDS

166,525

130,047

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

WV1 Dental and Implant Clinic 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 2019, 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.

Freehold property

-

Straight line over 50 years

Dental equipment

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

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.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost,except for investments in non- convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

217,500

AMORTISATION

At 1 April 2024

92,438

Amortisation for year

21,750

At 31 March 2025

114,188

NET BOOK VALUE

At 31 March 2025

103,312

At 31 March 2024

125,062

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Dental

and

Office

property

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

221,179

111,916

104,530

6,070

443,695

Additions

-

4,794

-

-

4,794

At 31 March 2025

221,179

116,710

104,530

6,070

448,489

DEPRECIATION

At 1 April 2024

12,851

37,961

72,222

4,134

127,168

Charge for year

3,024

11,668

8,079

485

23,256

At 31 March 2025

15,875

49,629

80,301

4,619

150,424

NET BOOK VALUE

At 31 March 2025

205,304

67,081

24,229

1,451

298,065

At 31 March 2024

208,328

73,955

32,308

1,936

316,527

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

Dental

equipment

£

COST

At 1 April 2024

and 31 March 2025

72,213

DEPRECIATION

At 1 April 2024

23,642

Charge for year

7,221

At 31 March 2025

30,863

NET BOOK VALUE

At 31 March 2025

41,350

At 31 March 2024

48,571

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by participating interests

-

146,683

Other debtors

540

552

Directors' current accounts

581

-

Prepayments

5,747

3,596

6,868

150,831

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,441

37,708

Hire purchase contracts

9,240

9,240

Trade creditors

5,485

1,009

Amounts owed to participating interests

181,901

1,661

Tax

22,497

15,178

Social security and other taxes

341

687

Other creditors

302

4

Accrued expenses

5,335

3,969

235,542

69,456

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

1,769

28,181

Bank loans - 2-5 years

-

46,561

Bank loans more 5 yr by instal

-

295,800

Hire purchase contracts

1,540

10,780

3,309

381,322

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

295,800

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

12,210

408,250

Wesleyan Bank Limited holds a fixed charge over the company's freehold property and a fixed and floating charge over the company's assets.

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 WV1 Dental and Implant Clinic 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 WV1 Dental and Implant Clinic 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 WV1 Dental and Implant Clinic Limited and state those matters that we have agreed to state to the Board of Directors of WV1 Dental and Implant Clinic 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 WV1 Dental and Implant Clinic Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that WV1 Dental and Implant Clinic 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 WV1 Dental and Implant Clinic Limited. You consider that WV1 Dental and Implant Clinic 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 WV1 Dental and Implant Clinic 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: .............................................