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REGISTERED NUMBER: 14087536 (England and Wales)










SHIRAZ SPECIALIST DENTAL SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






SHIRAZ SPECIALIST DENTAL SERVICES LTD (REGISTERED NUMBER: 14087536)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

SHIRAZ SPECIALIST DENTAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Ms N Kamal





REGISTERED OFFICE: 389 Warwick Road
Solihull
Birmingham
West Midlands
B91 1BJ





REGISTERED NUMBER: 14087536 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

SHIRAZ SPECIALIST DENTAL SERVICES LTD (REGISTERED NUMBER: 14087536)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 366,180 386,524
Tangible assets 5 1,150,755 1,081,276
1,516,935 1,467,800

CURRENT ASSETS
Stocks 4,128 4,525
Debtors 6 686,496 660,289
Cash at bank 169,908 69,226
860,532 734,040
CREDITORS
Amounts falling due within one year 7 (552,239 ) (535,335 )
NET CURRENT ASSETS 308,293 198,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,825,228

1,666,505

CREDITORS
Amounts falling due after more than one year 8 (1,152,835 ) (1,189,193 )

PROVISIONS FOR LIABILITIES 9 (158,088 ) (140,718 )
NET ASSETS 514,305 336,594

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 281,233 281,233
Retained earnings 232,072 54,361
514,305 336,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SHIRAZ SPECIALIST DENTAL SERVICES LTD (REGISTERED NUMBER: 14087536)

BALANCE SHEET - continued
31 JULY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2024 and were signed by:





Ms N Kamal - Director


SHIRAZ SPECIALIST DENTAL SERVICES LTD (REGISTERED NUMBER: 14087536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Shiraz Specialist Dental Services 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SHIRAZ SPECIALIST DENTAL SERVICES LTD (REGISTERED NUMBER: 14087536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 406,867
AMORTISATION
At 1 August 2023 20,343
Charge for year 20,344
At 31 July 2024 40,687
NET BOOK VALUE
At 31 July 2024 366,180
At 31 July 2023 386,524

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 August 2023 825,000 68,378 221,057 1,114,435
Additions - - 120,749 120,749
At 31 July 2024 825,000 68,378 341,806 1,235,184
DEPRECIATION
At 1 August 2023 - - 33,159 33,159
Charge for year - - 51,270 51,270
At 31 July 2024 - - 84,429 84,429
NET BOOK VALUE
At 31 July 2024 825,000 68,378 257,377 1,150,755
At 31 July 2023 825,000 68,378 187,898 1,081,276

Cost or valuation at 31 July 2024 is represented by:

Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
Valuation in 2023 374,977 - - 374,977
Cost 450,023 68,378 341,806 860,207
825,000 68,378 341,806 1,235,184

Freehold land and buildings were valued on an open market basis on 8 October 2022 by Cushman & Wakefield .

SHIRAZ SPECIALIST DENTAL SERVICES LTD (REGISTERED NUMBER: 14087536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 4,140
Other debtors 686,496 656,149
686,496 660,289

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 31,213 40,035
Taxation and social security 24,163 279
Other creditors 496,863 495,021
552,239 535,335

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 1,076,146 1,102,612
Hire purchase contracts 76,689 86,581
1,152,835 1,189,193

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,076,146 1,102,612

9. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 158,088 140,718

Deferred
tax
£   
Balance at 1 August 2023 140,718
Charge to Income Statement during year 17,370
Land & building revaluation
Balance at 31 July 2024 158,088

10. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 281,233

SHIRAZ SPECIALIST DENTAL SERVICES LTD (REGISTERED NUMBER: 14087536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

11. RELATED PARTY DISCLOSURES

There are three inter company loan balances between Shiraz Specialist Dental Services Limited and other companies that are within the group or owned and controlled by same directors. The balances at the balance sheet date was;

Owed to Parthian Ventures Limited £450,023
Owed from Right Housing Limited £686,496
Owed to CR Electronics Limited £ 40,000

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHIRAZ SPECIALIST DENTAL SERVICES LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shiraz Specialist Dental Services Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Shiraz Specialist Dental Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shiraz Specialist Dental Services Ltd and state those matters that we have agreed to state to the director of Shiraz Specialist Dental Services Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Shiraz Specialist Dental Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shiraz Specialist Dental Services Ltd. You consider that Shiraz Specialist Dental Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shiraz Specialist Dental Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB


23 November 2024