REGISTERED NUMBER: 05887704 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

E. LAZANAKIS LIMITED

TRADING AS

SUSSEX DENTAL GROUP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,071,456

1,997,243

2,071,456

1,997,243

CURRENT ASSETS

Stocks

33,000

33,000

Debtors

6

1,260,358

1,369,700

Cash at bank

635,741

370,430

1,929,099

1,773,130

CREDITORS

Amounts falling due within one year

7

516,050

642,524

NET CURRENT ASSETS

1,413,049

1,130,606

TOTAL ASSETS LESS CURRENT LIABILITIES

3,484,505

3,127,849

CREDITORS

Amounts falling due after more than one year

8

(1,928,034

)

(1,840,011

)

PROVISIONS FOR LIABILITIES

(454,000

)

(467,000

)

NET ASSETS

1,102,471

820,838

CAPITAL AND RESERVES

Called up share capital

2,500

2,500

Retained earnings

1,099,971

818,338

1,102,471

820,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 9 September 2026 and were signed on its behalf by:

E Lazanakis - Director

1.	STATUTORY INFORMATION

E.Lazanakis Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and primary place of business can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 and represents amounts receivable in respect of dental services rendered.

Goodwill

Goodwill, being the amount paid in connection with a dental surgery in 2007, is being amortised evenly over its estimated useful life of 10 years.

On 1 May 2011 the company acquired three further surgeries. This goodwill is also being amortised over 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

Over the term of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

Over the term of the lease

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

The average number of employees during the year was 55 (2025 - 54 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

2,226,500

AMORTISATION

At 1 April 2025

and 31 March 2026

2,226,500

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

Plant and

and

property

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 April 2025

1,492,573

676,911

680,423

122,652

2,972,559

Additions

-

198,612

76,089

1,288

275,989

Disposals

-

-

(22,594

)

(34,692

)

(57,286

)

At 31 March 2026

1,492,573

875,523

733,918

89,248

3,191,262

DEPRECIATION

At 1 April 2025

231,698

327,938

363,458

52,222

975,316

Charge for year

29,851

66,578

85,054

8,037

189,520

Eliminated on disposal

-

-

(20,426

)

(24,604

)

(45,030

)

At 31 March 2026

261,549

394,516

428,086

35,655

1,119,806

NET BOOK VALUE

At 31 March 2026

1,231,024

481,007

305,832

53,593

2,071,456

At 31 March 2025

1,260,875

348,973

316,965

70,430

1,997,243

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

302,057

543,228

Amounts owed by related undertakings

761,114

687,194

Other debtors

197,187

139,278

1,260,358

1,369,700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 9)

63,281

67,976

Trade creditors

240,844

312,389

Taxation and social security

128,407

202,701

Other creditors

83,518

59,458

516,050

642,524

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

1,800,000

1,535,650

Hire purchase contracts (see note 9)

117,122

155,709

Other creditors

10,912

148,652

1,928,034

1,840,011

2026

2025

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

-

135,000

Repayable by instalments

Bank loans more 5 yr by instal

1,800,000

1,535,650

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Gross obligations repayable:

Within one year

73,458

82,566

Between one and five years

126,853

175,310

200,311

257,876

Finance charges repayable:

Within one year

10,177

14,590

Between one and five years

9,731

19,601

19,908

34,191

Net obligations repayable:

Within one year

63,281

67,976

Between one and five years

117,122

155,709

180,403

223,685

Non-cancellable

operating leases

2026

2025

£

£

Within one year

40,145

40,145

Between one and five years

160,580

160,580

In more than five years

431,559

471,704

632,284

672,429

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

1,800,000

1,535,650

The bank loans are secured by fixed and floating charges over the company's assets, and by personal guarantee issued by the directors.