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Registered number: 07606003
Wellesley House Dental Practice Limited
Financial Statements
For the Period 26 April 2024 to 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07606003
31 March 2025 25 April 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 3,537 5,549
Investments 6 88,450 -
91,988 5,550
CURRENT ASSETS
Stocks 7 1,292 1,452
Debtors 8 1,078,154 724,427
Cash at bank and in hand 2,371 465,465
1,081,817 1,191,344
Creditors: Amounts Falling Due Within One Year 9 (121,624 ) (85,661 )
NET CURRENT ASSETS (LIABILITIES) 960,193 1,105,683
TOTAL ASSETS LESS CURRENT LIABILITIES 1,052,181 1,111,233
Creditors: Amounts Falling Due After More Than One Year 10 (12,216 ) (21,528 )
NET ASSETS 1,039,965 1,089,705
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,039,865 1,089,605
SHAREHOLDERS' FUNDS 1,039,965 1,089,705
Page 1
Page 2
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Chand
Director
29/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wellesley House Dental Practice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07606003 . The registered office is 9 WELLESLEY ROAD, ILFORD, IG1 4JT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line basis
2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2024: 4)
3 4
4. Intangible Assets
Goodwill
£
Cost
As at 26 April 2024 290,010
As at 31 March 2025 290,010
Amortisation
As at 26 April 2024 290,009
As at 31 March 2025 290,009
Net Book Value
As at 31 March 2025 1
As at 26 April 2024 1
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 26 April 2024 29,187
Additions 379
As at 31 March 2025 29,566
Depreciation
As at 26 April 2024 23,638
Provided during the period 2,391
As at 31 March 2025 26,029
Net Book Value
As at 31 March 2025 3,537
As at 26 April 2024 5,549
Page 4
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6. Investments
Unlisted
£
Cost or Valuation
As at 26 April 2024 -
Additions 88,450
As at 31 March 2025 88,450
Provision
As at 26 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 88,450
As at 26 April 2024 -
7. Stocks
31 March 2025 25 April 2024
£ £
Stock 1,292 1,452
8. Debtors
31 March 2025 25 April 2024
£ £
Due within one year
Trade debtors 27,194 34,198
Other debtors 1,050,960 690,229
1,078,154 724,427
9. Creditors: Amounts Falling Due Within One Year
31 March 2025 25 April 2024
£ £
Other creditors 51,162 55,104
Taxation and social security 70,462 30,557
121,624 85,661
10. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 25 April 2024
£ £
Bank loans 12,216 21,528
Page 5
Page 6
11. Share Capital
31 March 2025 25 April 2024
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 26 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Gaurav Chand 486,343 127,486 - - 613,829
The above loan is unsecured and repayable on demand. Interest @2.25% per annum is payable by the director to the company.
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