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REGISTERED NUMBER: 08997011 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Frome Dental Surgery Limited

Frome Dental Surgery Limited (Registered number: 08997011)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frome Dental Surgery Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr T Tabari
PDS Health Limited





SECRETARY: Simon Hall





REGISTERED OFFICE: BG Group Office14,
Bruton Enterprise Centre, Frome Road
Bruton
BA10 0FF





REGISTERED NUMBER: 08997011 (England and Wales)





ACCOUNTANTS: Proview Accountants
315, Regents Park Road
Finchley Central
London
N3 1DP

Frome Dental Surgery Limited (Registered number: 08997011)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,423 53,689
Tangible assets 5 41,324 32,756
67,747 86,445

CURRENT ASSETS
Stocks 6 12,920 10,000
Debtors 7 281,410 223,188
Cash at bank 26,419 37,102
320,749 270,290
CREDITORS
Amounts falling due within one year 8 75,094 50,672
NET CURRENT ASSETS 245,655 219,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,402

306,063

CREDITORS
Amounts falling due after more than one
year

9

(121,125

)

(148,137

)

PROVISIONS FOR LIABILITIES 12 (7,617 ) (5,989 )
NET ASSETS 184,660 151,937

CAPITAL AND RESERVES
Called up share capital 13 1 1
Retained earnings 184,659 151,936
SHAREHOLDERS' FUNDS 184,660 151,937

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Frome Dental Surgery Limited (Registered number: 08997011)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





Dr T Tabari - Director


Frome Dental Surgery Limited (Registered number: 08997011)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Frome Dental Surgery Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to hourly staff rates and materials, as a proportion of total costs. When the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

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.

Frome Dental Surgery Limited (Registered number: 08997011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


Frome Dental Surgery Limited (Registered number: 08997011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Frome Dental Surgery Limited (Registered number: 08997011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 272,656
AMORTISATION
At 1 April 2023 218,967
Amortisation for year 27,266
At 31 March 2024 246,233
NET BOOK VALUE
At 31 March 2024 26,423
At 31 March 2023 53,689

5. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,233 138,597 4,401 144,231
Additions - 21,932 - 21,932
At 31 March 2024 1,233 160,529 4,401 166,163
DEPRECIATION
At 1 April 2023 - 108,503 2,972 111,475
Charge for year - 13,007 357 13,364
At 31 March 2024 - 121,510 3,329 124,839
NET BOOK VALUE
At 31 March 2024 1,233 39,019 1,072 41,324
At 31 March 2023 1,233 30,094 1,429 32,756

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 7,200 6,000
Work-in-progress 5,720 4,000
12,920 10,000

Frome Dental Surgery Limited (Registered number: 08997011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,024 3,825
Amounts owed by group undertakings - 219,363
Other debtors 277,386 -
281,410 223,188

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) 20,388 20,388
Trade creditors 29,846 10,762
Taxation and social security 9,361 2,693
Other creditors 15,499 16,829
75,094 50,672

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 103,727 120,915
Other creditors 17,398 27,222
121,125 148,137

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,271 42,459

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 20,388 20,388
Bank loans - unsecured 10,000 10,000
30,388 30,388

Frome Dental Surgery Limited (Registered number: 08997011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. LOANS - continued
31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 78,456 78,456
Bank loans - unsecured 17,398 27,222
95,854 105,678

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,271 42,459

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 124,115 141,303

The bank loans are secured against the assets and undertakings of the company.

12. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 7,617 5,989

Deferred
tax
£   
Balance at 1 April 2023 5,989
Provided during year 1,628
Balance at 31 March 2024 7,617

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

14. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are wholly owned part of the group.

Frome Dental Surgery Limited (Registered number: 08997011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

15. PARENT COMPANY

The ultimate parent company is PDS Health Limited, a company registered in England and Wales. Its registered office is BG Group Office 14, Bruton Enterprise Centre, Frome Road, Bruton BA10 0FF

The group headed by PDS Health Limited does not prepare consolidated financial statements as it is exempt as a small group under s383 of the Companies Act 2006.