Registered number
05101215
D.M.Snape B.D.S Ltd
Filleted Accounts
30 November 2023
D.M.Snape B.D.S Ltd
Registered number: 05101215
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Intangible assets 3 55,000 55,000
Tangible assets 4 30,769 38,211
85,769 93,211
Current assets
Stocks 2,500 2,500
Debtors 5 50,669 13,459
Cash at bank and in hand 59,914 73,691
113,083 89,650
Creditors: amounts falling due within one year 6 (27,326) (16,214)
Net current assets 85,757 73,436
Net assets 171,526 166,647
Capital and reserves
Called up share capital 2 2
Profit and loss account 171,524 166,645
Shareholders' funds 171,526 166,647
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 members have 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.
M A Shaw
Director
Approved by the board on 30 August 2024
D.M.Snape B.D.S Ltd
Notes to the Accounts
for the year ended 30 November 2023
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
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative 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 evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% reducing balance/20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 55,000
At 30 November 2023 55,000
Amortisation
At 30 November 2023 -
Net book value
At 30 November 2023 55,000
At 30 November 2022 55,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 1,000 117,707 118,707
At 30 November 2023 1,000 117,707 118,707
Depreciation
At 1 December 2022 - 80,496 80,496
Charge for the year - 7,442 7,442
At 30 November 2023 - 87,938 87,938
Net book value
At 30 November 2023 1,000 29,769 30,769
At 30 November 2022 1,000 37,211 38,211
5 Debtors 2023 2022
£ £
Trade debtors 1,755 2,284
Other debtors 48,914 11,175
50,669 13,459
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,069 4,302
Taxation and social security costs 22,007 10,807
Other creditors 250 1,105
27,326 16,214
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
M A Shaw & H Foley
Directors loan (11,532) 37,282 (26,000) (250)
(11,532) 37,282 (26,000) (250)
The loan is repayable on demand.
8 Controlling party
The controlling party is Dr M A Shaw.
9 Other information
D.M.Snape B.D.S Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Carew Villa
Carew Lane
Cresselly
Kilgetty
SA68 0TR
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