Company Registration No. 13788802 (England and Wales)
STERLING SMILE LTD
Unaudited accounts
for the year ended 31 March 2025
STERLING SMILE LTD
Unaudited accounts
Contents
STERLING SMILE LTD
Company Information
for the year ended 31 March 2025
Directors
Kuldipsinh Girirajsinh Gohil
Jasmin Tribhovan Thoria
Company Number
13788802 (England and Wales)
Registered Office
Sage Dental
89-91 South Road
Southall
Middlesex
UB1 1SQ
England
Accountants
Equifin Accountancy Ltd
Unit A-4 Livingstone Court
55 Peel Road
Harrow
Middlesex
HA3 7QT
STERLING SMILE LTD
Statement of financial position
as at 31 March 2025
Intangible assets
6,242,773
6,883,734
Cash at bank and in hand
17,234
24,121
Creditors: amounts falling due within one year
(2,099,825)
(1,450,979)
Net current liabilities
(82,362)
(1,426,858)
Total assets less current liabilities
6,250,711
5,547,176
Creditors: amounts falling due after more than one year
(6,485,000)
(6,195,144)
Net liabilities
(234,289)
(647,968)
Called up share capital
100
100
Profit and loss account
(234,389)
(648,068)
Shareholders' funds
(234,289)
(647,968)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Kuldipsinh Girirajsinh Gohil
Director
Company Registration No. 13788802
STERLING SMILE LTD
Notes to the Accounts
for the year ended 31 March 2025
STERLING SMILE LTD is a private company, limited by shares, registered in England and Wales, registration number 13788802. The registered office is Sage Dental, 89-91 South Road, Southall, Middlesex, UB1 1SQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill will be amortised over 10 years.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and 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.
STERLING SMILE LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
6,909,700
2,259,956
9,169,656
Additions
-
502,000
502,000
At 31 March 2025
6,909,700
2,761,956
9,671,656
At 1 April 2024
1,381,940
903,982
2,285,922
Charge for the year
690,970
451,991
1,142,961
At 31 March 2025
2,072,910
1,355,973
3,428,883
At 31 March 2025
4,836,790
1,405,983
6,242,773
At 31 March 2024
5,527,760
1,355,974
6,883,734
5
Investments
Subsidiary undertakings
Valuation at 1 April 2024
90,300
Valuation at 31 March 2025
90,300
Company has acquired 100% share capital of Sterling Dental College Ltd. on 23 December 2022.
Sterling Dental college Ltd owns 100% share capital of White House Dental Practice Ltd, SHDC Ltd and Sterling Dental Centres Ltd.
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
651,300
673,032
Amounts owed to group undertakings and other participating interests
1,438,825
770,997
STERLING SMILE LTD
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
4,583,152
4,795,296
Other creditors
1,202,000
700,000
Loans from directors
699,848
699,848
Other creditors includes Long term unsecured loan without interest.
The bank loans are secured by
1.A First Legal Charge to be given by Sterling Dental Centres Limited over the leasehold property known as Sterling Dental Centre, 89 South Road, Southall, UB1 1S0.
2.A First Legal Charge to be given by Sterling Dental College Limited over the leasehold property known as Sterling Private Clinic, 91 South Road, Southall, UB1 1S0.
3.A First Legal Charge to be given by White House Dental Practice Limited over the leasehold property known as The White House Dental Practice, 93-95 South Road, Southall, UB1 1S0.
A cross-guarantee exists between the Company and its wholly-owned subsidiaries in respect of the bank loan from Unity bank.
10
Transactions with related parties
The Company has taken advance of the exemption, under the terms of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose related party transactions with wholly owned subsidiaries within the group.
Ultimate controlling parties of the Company are its directors by virtue of their shareholding in the Company.
12
Average number of employees
During the year the average number of employees was 2 (2024: 2).