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REGISTERED NUMBER: 09544767 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Standish Street Dental Ltd

Standish Street Dental Ltd (Registered number: 09544767)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Standish Street Dental Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Dr M U Hameed
Dr F Hameed



REGISTERED OFFICE: 26 Standish Street
Burnley
Lancashire
BB11 1AP



REGISTERED NUMBER: 09544767 (England and Wales)



ACCOUNTANTS: Parker Hartley & Co
Incorporated Financial Accountants
2 Waverley Street
The Groves
York
YO31 7QZ



BANKERS: Lloyds Bank plc
7 Manchester Road
Burnley
BB11 1HT

Standish Street Dental Ltd (Registered number: 09544767)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 360,208 392,708
Tangible assets 5 212,599 217,083
572,807 609,791

CURRENT ASSETS
Stocks 6 45,185 58,795
Debtors 7 30,516 32,549
Cash at bank and in hand 58,353 111,969
134,054 203,313
CREDITORS
Amounts falling due within one year 8 164,473 161,792
NET CURRENT (LIABILITIES)/ASSETS (30,419 ) 41,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,388

651,312

CREDITORS
Amounts falling due after more than one
year

9

(290,519

)

(384,287

)

PROVISIONS FOR LIABILITIES (40,394 ) (41,246 )
NET ASSETS 211,475 225,779

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 211,375 225,679
SHAREHOLDERS' FUNDS 211,475 225,779

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

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

Standish Street Dental Ltd (Registered number: 09544767)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Dr M U Hameed - Director


Standish Street Dental Ltd (Registered number: 09544767)

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

1. STATUTORY INFORMATION

Standish Street Dental 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.

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 2015, 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 each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Office equipment - 33% on reducing balance

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

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges being recognised in the profit and loss account.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 650,000
AMORTISATION
At 1 November 2023 257,292
Amortisation for year 32,500
At 31 October 2024 289,792
NET BOOK VALUE
At 31 October 2024 360,208
At 31 October 2023 392,708

Standish Street Dental Ltd (Registered number: 09544767)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 439,704 18,603 458,307
Additions 32,374 2,344 34,718
At 31 October 2024 472,078 20,947 493,025
DEPRECIATION
At 1 November 2023 228,228 12,996 241,224
Charge for year 36,578 2,624 39,202
At 31 October 2024 264,806 15,620 280,426
NET BOOK VALUE
At 31 October 2024 207,272 5,327 212,599
At 31 October 2023 211,476 5,607 217,083

6. STOCKS
31/10/24 31/10/23
£    £   
Stocks 45,185 58,795

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 30,516 32,549

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 66,359 48,361
Other loans 6,510 6,510
Trade creditors 45,550 68,500
Corporation Tax 5,163 -
Social security and other taxes 12,105 9,000
Directors' loan accounts 25,078 25,827
Accrued expenses 3,708 3,594
164,473 161,792

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans - 2-5 years 289,976 377,235
Other loans - 2-5 years 543 7,052
290,519 384,287

10. OTHER FINANCIAL COMMITMENTS

Standish Street Dental Ltd had outstanding commitments in respect of operating leases as at 31 October 2024 of £27,600. The breakdown of the periods that they are due are as follows:

Due in less than one year- £27,600
Due in 1-5 years- £nil
Due in more than five years- £nil

Total- £27,600

Standish Street Dental Ltd (Registered number: 09544767)

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

11. RELATED PARTY DISCLOSURES

Rent is paid to the directors in the amount of £27,075 (2023 £24,740).