REGISTERED NUMBER: 11092594 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Parklands Dental Practice Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Dr S O Thomas

Mrs H Thomas

Secretary:

Registered office:

9 Court Road

Bridgend

South Wales

CF31 1BE

Registered number:

11092594 (England and Wales)

Accountants:

Roger Thomas Limited

9 Court Road

Bridgend

South Wales

CF31 1BE

Fixed assets

Intangible assets

4

655,000

250,000

Tangible assets

5

887,001

419,521

1,542,001

669,521

Current assets

Debtors

6

21,258

27,800

Cash at bank

424,316

315,085

445,574

342,885

Creditors

Amounts falling due within one year

7

364,539

104,737

Net current assets

81,035

238,148

Total assets less current liabilities

1,623,036

907,669

Creditors

Amounts falling due after more than one year

8

917,912

329,580

Net assets

705,124

578,089

Capital and reserves

Called up share capital

100

100

Retained earnings

705,024

577,989

705,124

578,089

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2026 and were signed on its behalf by:

Dr S O Thomas - Director

1.	Statutory information

Parklands 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.

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 2018, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 13 (2024 - 8 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

250,000

Additions

405,000

At 31 March 2025

655,000

Net book value

At 31 March 2025

655,000

At 31 March 2024

250,000

5.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

210,340

313,343

56,691

17,187

597,561

Additions

468,184

47,311

-

16,701

532,196

At 31 March 2025

678,524

360,654

56,691

33,888

1,129,757

Depreciation

At 1 April 2024

-

147,413

21,820

8,807

178,040

Charge for year

-

51,554

9,657

3,505

64,716

At 31 March 2025

-

198,967

31,477

12,312

242,756

Net book value

At 31 March 2025

678,524

161,687

25,214

21,576

887,001

At 31 March 2024

210,340

165,930

34,871

8,380

419,521

6.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

20,989

-

Other debtors

269

27,800

21,258

27,800

7.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade creditors

254,637

25,817

Taxation and social security

87,854

34,362

Other creditors

22,048

44,558

364,539

104,737

8.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Hire purchase contracts

8,076

761

Other creditors

909,836

328,819

917,912

329,580