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Registration number: 05981607

St Andrews Dental Centre Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

St Andrews Dental Centre Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

St Andrews Dental Centre Limited

Company Information

Director

J Rawcliffe

Company secretary

J Rawcliffe

Registered office

339 Hessle Road
Hull
East Yorkshire
HU3 4EJ

 

St Andrews Dental Centre Limited

(Registration number: 05981607)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

11,415

17,371

Tangible assets

5

36,103

217,051

 

47,518

234,422

Current assets

 

Stocks

6

15,000

15,000

Debtors

7

91,678

40,467

Cash at bank and in hand

 

37,459

27,567

 

144,137

83,034

Creditors: Amounts falling due within one year

8

(22,422)

(16,907)

Net current assets

 

121,715

66,127

Total assets less current liabilities

 

169,233

300,549

Provisions for liabilities

(6,037)

(27,685)

Net assets

 

163,196

272,864

Capital and reserves

 

Called up share capital

1,000

1,000

Other reserves

-

115,116

Retained earnings

162,196

156,748

Shareholders' funds

 

163,196

272,864

For the financial year ending 31 January 2025 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 accounts for the year in question in accordance with section 476; and

The Director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

 

St Andrews Dental Centre Limited

(Registration number: 05981607)
Balance Sheet as at 31 January 2025

Approved and authorised by the director on 7 April 2025
 

.........................................

J Rawcliffe

Company secretary and director

 

St Andrews Dental Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital incorporated in England and the company registration number is 05981607.

The address of its registered office is:
339 Hessle Road
Hull
East Yorkshire
HU3 4EJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Revenue recognition

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

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.

Tax

The tax expense for the period comprises current and deferred 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 income 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.

 

St Andrews Dental Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position 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

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:

Asset class

Depreciation method and rate

Motor vehicles

25% on reducing balance

Equipment, fixtures and fittings

15% on reducing balance

Plant and machinery

15% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for dental services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

 

St Andrews Dental Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 5 (2024 - 5).

 

St Andrews Dental Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2024

119,120

119,120

At 31 January 2025

119,120

119,120

Amortisation

At 1 February 2024

101,749

101,749

Amortisation charge

5,956

5,956

At 31 January 2025

107,705

107,705

Carrying amount

At 31 January 2025

11,415

11,415

At 31 January 2024

17,371

17,371

5

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2024

175,000

10,988

245,181

431,169

Additions

-

-

411

411

Disposals

(175,000)

-

-

(175,000)

At 31 January 2025

-

10,988

245,592

256,580

Depreciation

At 1 February 2024

-

10,822

203,296

214,118

Charge for the year

-

25

6,334

6,359

At 31 January 2025

-

10,847

209,630

220,477

Carrying amount

At 31 January 2025

-

141

35,962

36,103

At 31 January 2024

175,000

166

41,885

217,051

Included within the net book value of land and buildings above is £Nil (2024 - £175,000) in respect of long leasehold land and buildings.
 

The fair value of freehold land and buildings was revalued by an independant valuer on 21 March 2024.

 

St Andrews Dental Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Stocks

2025
£

2024
£

Other inventories

15,000

15,000

7

Debtors

2025
£

2024
£

Trade debtors

23,971

22,954

Other debtors

67,440

16,974

Prepayments

267

539

91,678

40,467

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

6,184

11,381

Taxation and social security

6,615

-

Accruals and deferred income

8,723

4,342

Other creditors

900

1,184

22,422

16,907

9

Related party transactions

Transactions with the Director

2025

At 1 February 2024
£

Advances to Director
£

Repayments by Director
£

At 31 January 2025
£

J Rawcliffe

Interest free loan, repayable on demand

15,412

69,899

(18,982)

66,329

Other transactions with directors

At the year end, the Director owed the company £66,329 (2024: £15,412). The amount is unsecured, interest-free and repayable on demand.