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Company Registration No. 08615789 (England and Wales)
Family dental limited Filleted accounts for the year ended 31 March 2024
Family dental limited Filleted accounts Contents
Page
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Family dental limited Company Information for the year ended 31 March 2024
Directors
Arturas Vilimaitis Ilona Vilimaitiene
Company Number
08615789 (England and Wales)
Registered Office
10 SHEEP STREET SHIPSTON-ON-STOUR CV36 4AF
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Family dental limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
312,850 
465,259 
Investment property
181,576 
- 
494,426 
465,259 
Current assets
Debtors
- 
480 
Cash at bank and in hand
189,311 
119,346 
189,311 
119,826 
Creditors: amounts falling due within one year
(88,307)
(97,873)
Net current assets
101,004 
21,953 
Total assets less current liabilities
595,430 
487,212 
Creditors: amounts falling due after more than one year
(106,232)
(83,923)
Net assets
489,198 
403,289 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
489,196 
403,287 
Shareholders' funds
489,198 
403,289 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by
Arturas Vilimaitis Director Company Registration No. 08615789
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Family dental limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Family dental limited is a private company, limited by shares, registered in England and Wales, registration number 08615789. The registered office is 10 SHEEP STREET, SHIPSTON-ON-STOUR, CV36 4AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Motor vehicles
20% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
149,997 
At 31 March 2024
149,997 
Amortisation
At 1 April 2023
149,997 
At 31 March 2024
149,997 
Net book value
At 31 March 2024
- 
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Family dental limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
523,619 
- 
523,619 
Additions
- 
40,470 
40,470 
Transfer to investment property
(181,576)
- 
(181,576)
At 31 March 2024
342,043 
40,470 
382,513 
Depreciation
At 1 April 2023
58,360 
- 
58,360 
Charge for the year
6,841 
8,094 
14,935 
On transfers from investment property
(3,632)
- 
(3,632)
At 31 March 2024
61,569 
8,094 
69,663 
Net book value
At 31 March 2024
280,474 
32,376 
312,850 
At 31 March 2023
465,259 
- 
465,259 
6
Investment property
2024 
£ 
Net gain from fair value adjustments
3,632 
Transfers from tangible fixed assets
177,944 
At 31 March 2024
181,576 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
480 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,632 
12,400 
Obligations under finance leases and hire purchase contracts
6,285 
- 
Taxes and social security
30,576 
29,503 
Proposed dividends
- 
55,970 
Other creditors
1,046 
- 
Loans from directors
36,768 
- 
88,307 
97,873 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
75,714 
83,923 
Obligations under finance leases and hire purchase contracts
30,518 
- 
106,232 
83,923 
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Family dental limited Notes to the Accounts for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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