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

COMPANY REGISTRATION NUMBER: 10904903

WTL Dental Limited

Unaudited financial statements

31 March 2025

WTL Dental Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	172,578	210,178
Tangible assets	6	789,094	872,355
		---------	-----------
		961,672	1,082,533

Current assets

Stocks		8,277	8,000
Debtors	7	148,143	21,437
Cash at bank and in hand		49,955	82,620
		---------	---------
		206,375	112,057

Creditors: Amounts falling due within one year	8	( 235,062)		( 252,014)
		---------		---------
Net current liabilities			( 28,687)		( 139,957)
			---------		-----------
Total assets less current liabilities			932,985		942,576

Creditors: Amounts falling due after more than one year	9		( 556,022)		( 642,473)

Provisions

Taxation including deferred tax	( 109,161)	( 128,151)
	---------	---------
Net assets	267,802	171,952
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	267,702	171,852
	---------	---------
Shareholders funds	267,802	171,952
	---------	---------

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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WTL Dental Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr M Hako
Director

Company registration number: 10904903

WTL Dental 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 5 Priory Road, Downham Market, England, PE38 9JU. The trading address is Priory Dental Care, 5 Priory Road, Downham Market, PE38 9JU.

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 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. They 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 a follows: Amortisation of goodwill is estimated over 10 years. The carrying value at the year end was £172,578 (2024: £210,178).

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

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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 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:

Freehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

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

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans 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 14 (2024: 13 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	375,996
	---------
Amortisation
At 1 April 2024	165,818
Charge for the year	37,600
	---------
At 31 March 2025	203,418
	---------
Carrying amount
At 31 March 2025	172,578
	---------
At 31 March 2024	210,178
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 April 2024	422,616	382,799	104,214	176,312	48,235	1,134,176
Additions	–	23,254	374	–	396	24,024
Disposals	–	( 12,120)	–	–	–	( 12,120)
	---------	---------	---------	---------	-------	-----------
At 31 March 2025	422,616	393,933	104,588	176,312	48,631	1,146,080
	---------	---------	---------	---------	-------	-----------
Depreciation
At 1 April 2024	16,922	123,248	40,961	56,696	23,994	261,821
Charge for the year	8,451	40,506	9,516	29,904	11,464	99,841
Disposals	–	( 4,676)	–	–	–	( 4,676)
	---------	---------	---------	---------	-------	-----------
At 31 March 2025	25,373	159,078	50,477	86,600	35,458	356,986
	---------	---------	---------	---------	-------	-----------
Carrying amount
At 31 March 2025	397,243	234,855	54,111	89,712	13,173	789,094
	---------	---------	---------	---------	-------	-----------
At 31 March 2024	405,694	259,551	63,253	119,616	24,241	872,355
	---------	---------	---------	---------	-------	-----------

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:

	Motor vehicles
	£
At 31 March 2025	89,712
	-------
At 31 March 2024	119,616
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	4,766	4,354
Other debtors	143,377	17,083
	---------	-------
	148,143	21,437
	---------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	53,740	48,244
Trade creditors	32,256	23,380
Social security and other taxes	101,264	31,325
Other creditors	47,802	149,065
	---------	---------
	235,062	252,014
	---------	---------

Bank loans and overdrafts are secured on assets owned by the company.

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

	2025	2024
	£	£
Bank loans and overdrafts	471,173	534,361
Other creditors	84,849	108,112
	---------	---------
	556,022	642,473
	---------	---------

Bank loans and overdrafts are secured on assets owned by the company. Included within creditors: amounts falling due after more than one year is an amount of £297,213 (2024: £341,385) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

10. Director's advances, credits and guarantees

During the year the director operated a loan with the company at H M Revenue & Customs approved interest rates. As at the year end the director owed the company £139,023 (2024: NIL)