GLENDAIR DENTAL LIMITED


Directors	HARSTON, Beverley Jayne
	LAMB, Matthew St John, Dr


Company Secretary	LAMB, Matthew St John, Dr


Registered Address	The Surgery
	Limes Avenue
	Alfreton
	DE55 7DW


Registered Number	06036754 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	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
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Freehold building and improvements to property - 2% on cost No depreciation is charged on freehold land.


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Vehicles	25
	Office Equipment	25

	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
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	22		22

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	346,858	346,858
At 31 March 25	346,858	346,858
Amortisation and impairment
At 01 April 24	346,858	346,858
At 31 March 25	346,858	346,858
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 April 24	644,555	308,333	60,252	136,111	35,429	1,184,680
Additions	-	13,787	-	-	12,204	25,991
At 31 March 25	644,555	322,120	60,252	136,111	47,633	1,210,671
Depreciation and impairment
At 01 April 24	99,174	161,899	15,063	105,232	17,576	398,944
Charge for year	8,495	37,675	11,296	7,720	5,970	71,156
At 31 March 25	107,669	199,574	26,359	112,952	23,546	470,100
Net book value
At 31 March 25	536,886	122,546	33,893	23,159	24,087	740,571
At 31 March 24	545,381	146,434	45,189	30,879	17,853	785,736

6.	Stocks

	2025	2024
	£	£
Other stocks	12,842	15,354
Total	12,842	15,354

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	6,871	6,117
Other debtors	840,547	2,819
Prepayments and accrued income	19,291	26,979
Total	866,709	35,915

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	24,186	42,169
Bank borrowings and overdrafts	78,436	67,771
Taxation and social security	180,115	260,994
Finance lease and HP contracts	9,798	9,890
Other creditors	4,179	1,876
Accrued liabilities and deferred income	67,648	78,628
Total	364,362	461,328

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	263,285	337,733
Other creditors	26,746	37,955
Total	290,031	375,688

10.	Secured creditors
	The bank loan of £338,613 (2024: £405,000) is secured by following charges; The company has granted a standard security in favour of Barclays Security Trustee Limited over the property known as Glendair Dental Practice, Limes Avenue, Alfreton, DE55 7DW. The company has granted a floating charge in favour of Barclays Security Trustee Limited over all present and future undertakings, assets and property of the business.

10.

Secured creditors

The bank loan of £338,613 (2024: £405,000) is secured by following charges;

The company has granted a standard security in favour of Barclays Security Trustee Limited over the property known as Glendair Dental
Practice, Limes Avenue, Alfreton, DE55 7DW.

The company has granted a floating charge in favour of Barclays Security Trustee Limited over all present and future undertakings,
assets and property of the business.

11.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	26,746		37,955

12.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	70,003	66,951
Total	70,003	66,951

13.	Related party transactions
	Other debtors include an overdrawn directors' loan account balance of £435,752 of which £157,843 relates to Mrs B J Harston and £277,909 relates to Mr M S Lamb. Other debtors include balance of £402,876 (2024: £Nil) relating to Glendair Lettings Limited which is an associated company under common control of the directors. Amounts owed by/to group undertakings relates to the following: The company was owed £6,871 (2024: 6,117) by Glendair Finance Holdings Limited.

13.

Related party transactions

Other debtors include an overdrawn directors' loan account balance of £435,752 of which £157,843
relates to Mrs B J Harston and £277,909 relates to Mr M S Lamb.

Other debtors include balance of £402,876 (2024: £Nil) relating to Glendair Lettings Limited which is an
associated company under common control of the directors.

Amounts owed by/to group undertakings relates to the following:

The company was owed £6,871 (2024: 6,117) by Glendair Finance Holdings Limited.

14.	Exceptional items
	Exceptional items of £18,775 relates to loan due to an associated company, Glendair Facial Aesthetics Limited written off during the year.

15.	Controlling party
	The ultimate controlling parties are Mrs B J Hartson and Mr M S Lamb by virtue of their shareholding in Glendair Finance Holdings Ltd, which is the parent company.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	5		740,571		785,736
			740,571		785,736
Current assets
Stocks	6	12,842		15,354
Debtors	7	866,709		35,915
Cash at bank and on hand		302,376		580,735
		1,181,927		632,004
Creditors amounts falling due within one year	8	(364,362)		(461,328)
Net current assets (liabilities)			817,565		170,676
Total assets less current liabilities			1,558,136		956,412
Creditors amounts falling due after one year	9		(290,031)		(375,688)
Provisions for liabilities	12		(70,003)		(66,951)
Net assets			1,198,102		513,773
Capital and reserves
Called up share capital			10,002		10,002
Profit and loss account			1,188,100		503,771
Shareholders' funds			1,198,102		513,773