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REGISTERED NUMBER: 09544767 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Standish Street Dental Ltd

Standish Street Dental Ltd (Registered number: 09544767)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Standish Street Dental Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Dr M U Hameed
Dr F Hameed



REGISTERED OFFICE: 26 Standish Street
Burnley
Lancashire
BB11 1AP



REGISTERED NUMBER: 09544767 (England and Wales)



ACCOUNTANTS: Parker Hartley & Co
Incorporated Financial Accountants
2 Waverley Street
The Groves
York
YO31 7QZ



BANKERS: Lloyds Bank plc
7 Manchester Road
Burnley
BB11 1HT

Standish Street Dental Ltd (Registered number: 09544767)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 392,708 425,208
Tangible assets 5 217,083 152,720
609,791 577,928

CURRENT ASSETS
Stocks 6 58,795 27,350
Debtors 7 32,549 31,831
Cash at bank and in hand 111,969 277,840
203,313 337,021
CREDITORS
Amounts falling due within one year 8 161,792 151,795
NET CURRENT ASSETS 41,521 185,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,312

763,154

CREDITORS
Amounts falling due after more than one
year

9

(384,287

)

(354,504

)

PROVISIONS FOR LIABILITIES (41,246 ) (29,017 )
NET ASSETS 225,779 379,633

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 225,679 379,533
SHAREHOLDERS' FUNDS 225,779 379,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Standish Street Dental Ltd (Registered number: 09544767)

Balance Sheet - continued
31 October 2023


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 11 March 2024 and were signed on its behalf by:





Dr M U Hameed - Director


Standish Street Dental Ltd (Registered number: 09544767)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Standish Street Dental Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

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.
Fixtures and fittings - 15% on reducing balance
Office equipment - 33% on reducing balance

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
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges being recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 650,000
AMORTISATION
At 1 November 2022 224,792
Amortisation for year 32,500
At 31 October 2023 257,292
NET BOOK VALUE
At 31 October 2023 392,708
At 31 October 2022 425,208

Standish Street Dental Ltd (Registered number: 09544767)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 336,959 16,904 353,863
Additions 102,745 1,699 104,444
At 31 October 2023 439,704 18,603 458,307
DEPRECIATION
At 1 November 2022 190,908 10,235 201,143
Charge for year 37,320 2,761 40,081
At 31 October 2023 228,228 12,996 241,224
NET BOOK VALUE
At 31 October 2023 211,476 5,607 217,083
At 31 October 2022 146,051 6,669 152,720

6. STOCKS
31/10/23 31/10/22
£    £   
Stocks 58,795 27,350

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 32,549 31,831

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 48,361 49,718
Other loans 6,510 9,684
Trade creditors 68,500 30,903
Corporation Tax - 24,732
Social security and other taxes 9,000 7,391
Directors' loan accounts 25,827 25,827
Accrued expenses 3,594 3,540
161,792 151,795

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans - 2-5 years 377,235 340,941
Other loans - 2-5 years 7,052 13,563
384,287 354,504

10. OTHER FINANCIAL COMMITMENTS

Standish Street Dental Ltd had outstanding commitments in respect of operating leases as at 31 October 2023 of £26,760. The breakdown of the periods that they are due are as follows:

Due in less than one year- £26,760
Due in 1-5 years- £nil
Due in more than five years- £nil

Total- £26,760

Standish Street Dental Ltd (Registered number: 09544767)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

11. RELATED PARTY DISCLOSURES

Rent is paid to the directors in the amount of £24,740 (2022 £23,465).