Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr D S Furze 15/02/2012 Mrs C L Furze 01/09/2020 26 March 2025 The principal activity of the Company during the financial year was that of providing dental services. 07951009 2024-12-31 07951009 bus:Director1 2024-12-31 07951009 bus:Director2 2024-12-31 07951009 2023-12-31 07951009 core:CurrentFinancialInstruments 2024-12-31 07951009 core:CurrentFinancialInstruments 2023-12-31 07951009 core:Non-currentFinancialInstruments 2024-12-31 07951009 core:Non-currentFinancialInstruments 2023-12-31 07951009 core:ShareCapital 2024-12-31 07951009 core:ShareCapital 2023-12-31 07951009 core:RetainedEarningsAccumulatedLosses 2024-12-31 07951009 core:RetainedEarningsAccumulatedLosses 2023-12-31 07951009 core:OtherPropertyPlantEquipment 2023-12-31 07951009 core:OtherPropertyPlantEquipment 2024-12-31 07951009 core:CostValuation 2023-12-31 07951009 core:CostValuation 2024-12-31 07951009 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 07951009 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 07951009 core:CurrentFinancialInstruments core:Secured 2024-12-31 07951009 bus:OrdinaryShareClass1 2024-12-31 07951009 2024-01-01 2024-12-31 07951009 bus:FilletedAccounts 2024-01-01 2024-12-31 07951009 bus:SmallEntities 2024-01-01 2024-12-31 07951009 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07951009 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07951009 bus:Director1 2024-01-01 2024-12-31 07951009 bus:Director2 2024-01-01 2024-12-31 07951009 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 07951009 2023-01-01 2023-12-31 07951009 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 07951009 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 07951009 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07951009 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07951009 (England and Wales)

DAVID FURZE DENTAL SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

DAVID FURZE DENTAL SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

DAVID FURZE DENTAL SERVICES LIMITED

BALANCE SHEET

As at 31 December 2024
DAVID FURZE DENTAL SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 1,822 2,429
Investments 5 5,750 5,750
7,572 8,179
Current assets
Debtors 6 680,613 655,683
Cash at bank and in hand 70,221 83,755
750,834 739,438
Creditors: amounts falling due within one year 7 ( 96,017) ( 93,825)
Net current assets 654,817 645,613
Total assets less current liabilities 662,389 653,792
Creditors: amounts falling due after more than one year 8 ( 5,834) ( 15,833)
Provision for liabilities ( 456) ( 607)
Net assets 656,099 637,352
Capital and reserves
Called-up share capital 9 500 500
Profit and loss account 655,599 636,852
Total shareholder's funds 656,099 637,352

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of David Furze Dental Services Limited (registered number: 07951009) were approved and authorised for issue by the Board of Directors on 26 March 2025. They were signed on its behalf by:

Mr D S Furze
Director
DAVID FURZE DENTAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
DAVID FURZE DENTAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

David Furze Dental Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

The company holds the following financial instruments:

Short term trade and other debtors and creditors,
Cash and bank balances; and
Bank loans

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Dividends on equity shares

2024 2023
£ £
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend for the financial year ended 31 December 2024 of £452 (2023: £300) per ordinary share 226,000 150,000

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 13,582 13,582
At 31 December 2024 13,582 13,582
Accumulated depreciation
At 01 January 2024 11,153 11,153
Charge for the financial year 607 607
At 31 December 2024 11,760 11,760
Net book value
At 31 December 2024 1,822 1,822
At 31 December 2023 2,429 2,429

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 5,750 5,750
At 31 December 2024 5,750 5,750
Carrying value at 31 December 2024 5,750 5,750
Carrying value at 31 December 2023 5,750 5,750

6. Debtors

2024 2023
£ £
Trade debtors 13,312 21,513
Amounts owed by Parent undertakings 487,453 408,776
Other debtors 179,848 225,394
680,613 655,683

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 10,000 10,000
Accruals 3,702 3,197
Taxation and social security 82,315 80,628
96,017 93,825

The bank loans outstanding at the year end relate to bounce back loans which are secured by the government.

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 5,834 15,833

The bank loans outstanding at the year end relate to bounce back loans which are secured by the government.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
500 Ordinary shares of £ 1.00 each 500 500

10. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 8,520 17,041

11. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Furze Alpine Holdings Limited 487,453 408,776

During the year the company made an interest free loan to Furze Alpine Holdings Limited, a 100% holding company of David Furze Dental Services Limited. The loan is repayable on demand and the total amount outstanding as at 31 December 2024 was £487,453 (2023: £408,776).

Transactions with the entity's directors

2024 2023
£ £
Director loans owned to the company 177,740 225,394

During the year a director, Mr D Furze, received a loan of £173,000, interest has been charged on this loan at 2.25% (2023: 2.25%). The amount outstanding at the year end was £177,740 (2023: 225,394).