| Hague Dental Supplies Limited |
| Registered number: |
03667772 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
359,517 |
|
|
435,248 |
|
| Current assets |
| Stocks |
5 |
|
2,305,506 |
|
|
2,696,971 |
| Debtors |
6 |
|
1,881,504 |
|
|
1,475,739 |
| Cash at bank and in hand |
|
|
184,664 |
|
|
307,019 |
|
|
|
4,371,674 |
|
|
4,479,729 |
|
| Creditors: amounts falling due within one year |
7 |
|
(3,988,598) |
|
|
(3,395,701) |
|
| Net current assets |
|
|
|
383,076 |
|
|
1,084,028 |
|
| Total assets less current liabilities |
|
|
|
742,593 |
|
|
1,519,276 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(23,642) |
|
|
(71,977) |
|
| Provisions for liabilities |
|
|
|
(42,210) |
|
|
(87,908) |
|
|
| Net assets |
|
|
|
676,741 |
|
|
1,359,391 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
101 |
|
|
101 |
| Profit and loss account |
|
|
|
676,640 |
|
|
1,359,290 |
|
| Shareholder's funds |
|
|
|
676,741 |
|
|
1,359,391 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| John E Cawley |
| Director |
| Approved by the board on 18 November 2025 |
|
| Hague Dental Supplies Limited |
| Notes to the Accounts |
| for the year ended 28 February 2025 |
|
|
| 1 |
Accounting policies |
|
|
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). |
|
|
Turnover and revenue recognition |
|
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of discounts and value added taxes.
The company recognises revenue in respect of installation projects when the project is completed. Deposits received in advance are treated as deferred income until the project is complete.
Revenue in respect of the provision of equipment sales and equipment maintenance services is recognised in the period in which the equipment or service is delivered. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Leasehold land and buildings |
over the lease term |
|
Motor vehicles |
25% Reducing balance |
|
Office equipment, tools and other fixed assets |
4 - 10 years |
|
|
Stock and work in progress |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Work in progress comprises the cost of equipment allocated to, and other direct costs incurred in respect of, ongoing installation projects. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets and Hire Purchase assets |
|
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the Profit and Loss account in the period in which they fall due.
Assets held under Hire Purchase contracts are recognised as fixed assets at their underlying cost and depreciated over their estimated useful life. The corresponding liability is included in the Balance Sheet as a Hire Purchase obligation. Hire Purchase payments are apportioned between finance costs in the Profit and Loss account and reduction of of the Hire Purchase obligation so as to allocate the finance costs over the term of the Hire Purchase contract. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Exceptional items |
2025 |
|
2024 |
| £ |
£ |
|
Administrative expenses |
Consultancy |
121,350 |
|
125,006 |
|
|
|
|
|
|
121,350 |
|
125,006 |
|
|
|
|
|
|
|
|
|
|
Consultancy |
|
Consultancy fees and expenses incurred in respect of investor monitoring of the company's performance. |
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
37 |
|
38 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Office equipment, tools and other fixed assets |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 March 2024 |
50,951 |
|
369,817 |
|
757,551 |
|
1,178,319 |
|
Additions |
- |
|
23,220 |
|
45,259 |
|
68,479 |
|
Disposals |
- |
|
- |
|
(148,848) |
|
(148,848) |
|
At 28 February 2025 |
50,951 |
|
393,037 |
|
653,962 |
|
1,097,950 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2024 |
24,920 |
|
204,108 |
|
514,043 |
|
743,071 |
|
Charge for the year |
12,618 |
|
48,410 |
|
67,561 |
|
128,589 |
|
On disposals |
- |
|
- |
|
(133,227) |
|
(133,227) |
|
At 28 February 2025 |
37,538 |
|
252,518 |
|
448,377 |
|
738,433 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
13,413 |
|
140,519 |
|
205,585 |
|
359,517 |
|
At 29 February 2024 |
26,031 |
|
165,709 |
|
243,508 |
|
435,248 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Stock and Work in progress |
2025 |
|
2024 |
| £ |
£ |
|
|
Stock |
1,529,097 |
|
2,065,914 |
|
Work in progress |
776,409 |
|
631,057 |
|
|
|
|
|
|
|
2,305,506 |
|
2,696,971 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
527,517 |
|
346,771 |
|
Amounts owed by group undertakings |
|
1,295,896 |
|
1,053,769 |
|
Other debtors |
58,091 |
|
75,199 |
|
|
|
|
|
|
1,881,504 |
|
1,475,739 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under hire purchase contracts |
82,316 |
|
134,221 |
|
Trade creditors |
1,118,674 |
|
621,079 |
|
Taxation and social security costs |
333,075 |
|
454,528 |
|
Other creditors |
2,454,533 |
|
2,185,873 |
|
|
|
|
|
|
3,988,598 |
|
3,395,701 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under hire purchase contracts |
23,642 |
|
71,977 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
30,313 |
|
6,021 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Contingent liabilities |
|
|
The company has a contingent liability in respect of a debenture over its assets granted on 26 February 2021 as security for a loan to Ampco 159 Limited. The outstanding loan balance at 28 February 2025 was £562,500 (2024: £550,000). |
|
| 11 |
Related party transactions |
|
|
During the year the company made further payments on behalf of Ampco 159 Limited in respect of rent and other overhead expenses, loan repayments and Corporation Tax totalling £321,637 (2024: 370,490) received VAT refunds and other funds on behalf of the company amounting to £13,509 (2024: £18,728) and accepted management charges in respect of rent totalling £66,000 (2024: £66,000) resulting in a loan balance owed by Ampco 159 Limited at the balance sheet date of £1,295,896 (2024: £1,053,769). The loan is interest free and repayable after more than one year with no repayment date set |
|
|
| 12 |
Controlling party |
|
|
The company is controlled by Ampco 159 Limited.
The registered office address of Ampco 159 Limited is:
1 Graylands Gateway
Langhurstwood Road,
Horsham,
West Sussex,
RH12 4QD.
The group is exempt from preparing consolidated accounts. |
|
|
| 13 |
Other information |
|
|
Hague Dental Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Graylands Gateway |
|
Langhurstwood Road |
|
Horsham |
|
West Sussex |
|
RH12 4QD |