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Registered number: 11916019
Lifestyle Dental And Implant Clinic Limited
Financial Statements
For The Year Ended 31 March 2026
J.R. Accounts Ltd
Chartered Certified Accountants
34-37 Liverpool Street
London
EC2M 7PP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11916019
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 39,000 52,000
Tangible Assets 5 102,687 119,275
141,687 171,275
CURRENT ASSETS
Stocks 6 13,000 13,300
Debtors 7 220,809 182,243
Cash at bank and in hand 10 5,171
233,819 200,714
Creditors: Amounts Falling Due Within One Year 8 (229,467 ) (189,935 )
NET CURRENT ASSETS (LIABILITIES) 4,352 10,779
TOTAL ASSETS LESS CURRENT LIABILITIES 146,039 182,054
Creditors: Amounts Falling Due After More Than One Year 9 (145,806 ) (160,615 )
NET ASSETS 233 21,439
CAPITAL AND RESERVES
Called up share capital 11 100 1
Profit and Loss Account 133 21,438
SHAREHOLDERS' FUNDS 233 21,439
Page 1
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For the year ending 31 March 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Nadim Majid
Director
30 October 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lifestyle Dental And Implant Clinic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11916019 . The registered office is 2 College Court, Morley, Leeds, LS27 7WF.
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.
Rendering of services
Turnover comprises income arising from the provision of dental treatment and related services. Revenue is recognised when, or as, the relevant services are provided and the associated performance obligations are satisfied. Amounts received in advance of treatment are recognised as deferred income until the related services are provided.
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 the 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:
Property Improvements 5% Straight Line
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 130,000
As at 31 March 2026 130,000
...CONTINUED
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Amortisation
As at 1 April 2025 78,000
Provided during the period 13,000
As at 31 March 2026 91,000
Net Book Value
As at 31 March 2026 39,000
As at 1 April 2025 52,000
5. Tangible Assets
Land & Property
Property Improvements Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 55,200 203,332 153,091 72,485 484,108
Additions - 15,214 771 - 15,985
As at 31 March 2026 55,200 218,546 153,862 72,485 500,093
Depreciation
As at 1 April 2025 - 160,674 143,437 60,722 364,833
Provided during the period 16,560 11,575 2,085 2,353 32,573
As at 31 March 2026 16,560 172,249 145,522 63,075 397,406
Net Book Value
As at 31 March 2026 38,640 46,297 8,340 9,410 102,687
As at 1 April 2025 55,200 42,658 9,654 11,763 119,275
6. Stocks
2026 2025
£ £
Finished goods 13,000 13,300
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7. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 755
Prepayments and accrued income 4,080 8,359
Directors' loan accounts 216,729 173,129
220,809 182,243
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 2,963 4,069
Trade creditors 65,093 48,184
Bank loans and overdrafts 94,317 46,393
Corporation tax 3,373 19,247
Other taxes and social security 2,198 3,650
Other creditors 9,809 -
Accruals and deferred income 51,714 68,392
229,467 189,935
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 2,731 -
Bank loans 143,075 160,615
145,806 160,615
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,963 4,069
Later than one year and not later than five years 2,731 -
5,694 4,069
5,694 4,069
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11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 1
During the year, the Company allotted and issued 99 ordinary shares of £1 each at par, for total consideration of £99.
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mr Nadim Majid 173,129 43,600 - - 216,729
The above loan is unsecured, interest-free and repayable on demand. Subsequent to the year-end, on 29 July 2026, the entire outstanding balance of £216,729 as at 31 March 2026 was repaid in full. Accordingly, no Section 455 Corporation Tax charge arises in respect of this loan.
13. Dividends
2026 2025
£ £
On equity shares:
Final dividend paid 7,000 25,000
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