EXCHANGE STREET PRACTICE LTD


Director	Adam Peter Ombler


Registered Address	1 Houndale Bank
	Driffield
	YO25 6BQ


Registered Number	07561034 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		281,668		281,668
Tangible assets	4		295,744		289,107
			577,412		570,775
Current assets
Stocks	5	22,278		17,137
Debtors	6	76,132		72,748
Cash at bank and on hand		221,614		162,978
		320,024		252,863
Creditors amounts falling due within one year	7	(339,342)		(306,709)
Net current assets (liabilities)			(19,318)		(53,846)
Total assets less current liabilities			558,094		516,929
Creditors amounts falling due after one year	8		(20,804)		(44,242)
Provisions for liabilities	10		(73,500)		(70,355)
Net assets			463,790		402,332
Capital and reserves
Called up share capital			100		100
Profit and loss account			463,690		402,232
Shareholders' funds			463,790		402,332

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 June 2026, and are signed on its behalf by:

Adam Peter Ombler
Director
Registered Company No. 07561034

EXCHANGE STREET PRACTICE LTD

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine.  All these matters have impacted the company's trading results to a greater or lesser extent.  At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

	Revenue from sale of goods
	The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year-end date is recognised by reference to the stage of completion.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	28		21

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 25	701,668	701,668
At 31 March 26	701,668	701,668
Amortisation and impairment
At 01 April 25	420,000	420,000
At 31 March 26	420,000	420,000
Net book value
At 31 March 26	281,668	281,668
At 31 March 25	281,668	281,668

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	369,276	75,197	51,468	129,177	625,118
Additions	84,537	-	4,368	4,146	93,051
At 31 March 26	453,813	75,197	55,836	133,323	718,169
Depreciation and impairment
At 01 April 25	222,309	14,288	22,518	76,896	336,011
Charge for year	57,886	6,091	8,330	14,107	86,414
At 31 March 26	280,195	20,379	30,848	91,003	422,425
Net book value
At 31 March 26	173,618	54,818	24,988	42,320	295,744
At 31 March 25	146,967	60,909	28,950	52,281	289,107

5.	Stocks

	2026	2025
	£	£
Raw materials and consumables	22,278	17,137
Total	22,278	17,137

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	74,669	71,286
Prepayments and accrued income	1,463	1,462
Total	76,132	72,748

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	86,719	66,365
Amounts owed to related parties	165,591	171,492
Taxation and social security	57,160	46,332
Finance lease and HP contracts	22,303	19,932
Accrued liabilities and deferred income	7,569	2,588
Total	339,342	306,709


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	20,804	44,242
Total	20,804	44,242

9.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	43,107		64,174

10.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	73,500	70,355
Total	73,500	70,355

11.	Related party transactions
	During the year the Director loaned the Company £2,398 (2025: £14,297). This loan was repayable upon demand. Interest was paid on this amount by the company in line with the Official rate.