9 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 165,000 53,625 16,500 70,125 94,875 111,375 xbrli:pure xbrli:shares iso4217:GBP 12475836 2024-01-01 2024-12-31 12475836 2024-12-31 12475836 2023-12-31 12475836 2023-01-01 2023-12-31 12475836 2023-12-31 12475836 2022-12-31 12475836 core:NetGoodwill 2024-01-01 2024-12-31 12475836 bus:Director1 2024-01-01 2024-12-31 12475836 core:WithinOneYear 2024-12-31 12475836 core:WithinOneYear 2023-12-31 12475836 core:NetGoodwill 2023-12-31 12475836 core:NetGoodwill 2024-12-31 12475836 core:LandBuildings core:ShortLeaseholdAssets 2023-12-31 12475836 core:FurnitureFittings 2023-12-31 12475836 core:LandBuildings core:ShortLeaseholdAssets 2024-12-31 12475836 core:FurnitureFittings 2024-12-31 12475836 core:LandBuildings core:ShortLeaseholdAssets 2024-01-01 2024-12-31 12475836 core:FurnitureFittings 2024-01-01 2024-12-31 12475836 core:AfterOneYear 2024-12-31 12475836 core:AfterOneYear 2023-12-31 12475836 core:ShareCapital 2024-12-31 12475836 core:ShareCapital 2023-12-31 12475836 core:RetainedEarningsAccumulatedLosses 2024-12-31 12475836 core:RetainedEarningsAccumulatedLosses 2023-12-31 12475836 core:NetGoodwill 2023-12-31 12475836 core:LandBuildings core:ShortLeaseholdAssets 2023-12-31 12475836 core:FurnitureFittings 2023-12-31 12475836 bus:SmallEntities 2024-01-01 2024-12-31 12475836 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12475836 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12475836 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12475836 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 12475836
Hampstead Dental Studio Limited
Filleted Unaudited Financial Statements
31 December 2024
Hampstead Dental Studio Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Hampstead Dental Studio Limited
Balance Sheet
31 December 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
94,875
111,375
Tangible assets
6
509,065
159,493
---------
---------
603,940
270,868
Current assets
Stocks
5,985
3,985
Debtors
7
90,021
19,386
Cash at bank and in hand
24,315
93,222
---------
---------
120,321
116,593
Creditors: amounts falling due within one year
8
205,018
164,669
---------
---------
Net current liabilities
84,697
48,076
---------
---------
Total assets less current liabilities
519,243
222,792
Creditors: amounts falling due after more than one year
9
497,253
181,207
---------
---------
Net assets
21,990
41,585
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
21,890
41,485
--------
--------
Shareholders funds
21,990
41,585
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hampstead Dental Studio Limited
Balance Sheet (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 3 March 2025 , and are signed on behalf of the board by:
Khilan Shah
Director
Company registration number: 12475836
Hampstead Dental Studio Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, HA8 5LD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property
-
10 years
Fixtures and fittings
-
15% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Financial instruments
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 entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
165,000
---------
Amortisation
At 1 January 2024
53,625
Charge for the year
16,500
---------
At 31 December 2024
70,125
---------
Carrying amount
At 31 December 2024
94,875
---------
At 31 December 2023
111,375
---------
6. Tangible assets
Short leasehold property
Furniture,fixtures,fittings and equipment
Total
£
£
£
Cost
At 1 January 2024
2,137
290,381
292,518
Additions
972
438,375
439,347
-------
---------
---------
At 31 December 2024
3,109
728,756
731,865
-------
---------
---------
Depreciation
At 1 January 2024
695
132,330
133,025
Charge for the year
310
89,465
89,775
-------
---------
---------
At 31 December 2024
1,005
221,795
222,800
-------
---------
---------
Carrying amount
At 31 December 2024
2,104
506,961
509,065
-------
---------
---------
At 31 December 2023
1,442
158,051
159,493
-------
---------
---------
7. Debtors
2024
2023
£
£
Prepayments and accrued income
61,796
12,011
Corporation tax repayable
13,975
Other debtors
14,250
7,375
--------
--------
90,021
19,386
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
40,180
18,953
Trade creditors
4,428
23,394
Accruals and deferred income
1,000
1,000
Corporation tax
13,975
Social security and other taxes
6,441
2,317
Obligations under finance leases and hire purchase contracts
28,742
7,791
Other loans
15,293
Other creditors
108,934
97,239
---------
---------
205,018
164,669
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
263,153
173,509
Obligations under finance leases and hire purchase contracts
108,496
5,423
Director loan accounts
70,653
2,275
Other loans
54,951
---------
---------
497,253
181,207
---------
---------