Thurmaston Dental Practice Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Thurmaston Dental Practice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08627235 . The registered office is 21 High View Close, Hamilton, Leicester, LE4 9LJ.

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 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:

Plant & Machinery

20% straight line

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Thurmaston Dental Practice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

2.7. 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.

Current and deferred tax are recognised in profit or loss for the year, 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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Thurmaston Dental Practice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.9. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.10. Creditors

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.

2.11. Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2024: 17)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	900,000

As at 31 December 2025	900,000

Amortisation
As at 1 January 2025	900,000

As at 31 December 2025	900,000

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

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Thurmaston Dental Practice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	422,686
Additions	36,447

As at 31 December 2025	459,133

Depreciation
As at 1 January 2025	312,675
Provided during the period	54,111

As at 31 December 2025	366,786

Net Book Value
As at 31 December 2025	92,347

As at 1 January 2025	110,011

6. Stocks

	2025	2024
	£	£
Finished goods	16,985	14,485

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	45,622	25,245
Prepayments and accrued income	2,035	946
Other debtors	1,604,293	1,715,404

	1,651,950	1,741,595

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Thurmaston Dental Practice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	78,477	104,098
Other taxes and social security	48,304	34,083
Other creditors	182,350	127,169
Accruals and deferred income	963,296	992,390

	1,272,427	1,257,740

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	102	102

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	-	2,981
Later than one year and not later than five years	-	2,235

	-	5,216

11. Related Party Transactions

Directors Loan Account - these loans are free of interest and repayable on demand. The amount is included within other creditors.

Amount due to the related party 2025: £163,523 (2024: £114,500)

Zenhance Ltd Loan Account - A company in which the director, Mr Zahir Fakrudin Kaderbhai is also a director and a shareholder. These loans are free of interest and repayable on demand. The amount is included within other debtors.

Amount due from the related party 2025: £894,044 (2024: £990,794)

KDB Holdings Ltd Loan Account - A company in which the directors are also directors and shareholders. These loans are free of interest and repayable on demand. The amount is included within other debtors.

Amount due from the related party 2025: £617,000 (2024: £642,000)

Redwood Commercial Investments Ltd Loan Account - A company in which the directors Mr Fakrudin Kaderbhai and Mrs Asma Kaderbhai are also director and shareholders. These loans are free of interest and repayable on demand. The amount is included within other debtors.

...CONTINUED

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Thurmaston Dental Practice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Related Party Transactions - continued

Amount due from the related party 2025: £80,000 (2024: £80,000)

Hatimi Ltd Loan Account - A company in which the director Mr Fakrudin Kaderbhai is also director and shareholder. These loans are free of interest and repayable on demand. The amount is included within other debtors.

Amount due from the related party 2025: £10,000 (2024: £0)

12. Ultimate Controlling Party

The directors are the ultimate controlling parties by virtue of their joint beneficial ownership of 100% of the issued ordinary share capital of the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		92,347		110,011

			92,347		110,011
CURRENT ASSETS
Stocks	6	16,985		14,485
Debtors	7	1,651,950		1,741,595
Cash at bank and in hand		270,911		63,323

		1,939,846		1,819,403
Creditors: Amounts Falling Due Within One Year	8	(1,272,427 )		(1,257,740 )

NET CURRENT ASSETS (LIABILITIES)			667,419		561,663

TOTAL ASSETS LESS CURRENT LIABILITIES			759,766		671,674

PROVISIONS FOR LIABILITIES
Deferred Taxation			(23,087 )		(27,503 )

NET ASSETS			736,679		644,171

CAPITAL AND RESERVES
Called up share capital	9		102		102
Profit and Loss Account			736,577		644,069

SHAREHOLDERS' FUNDS			736,679		644,171