Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.62024-02-01false4falsetrue 10231820 2024-02-01 2025-01-31 10231820 2023-02-01 2024-01-31 10231820 2025-01-31 10231820 2024-01-31 10231820 c:Director1 2024-02-01 2025-01-31 10231820 d:Buildings 2025-01-31 10231820 d:Buildings 2024-01-31 10231820 d:Buildings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 10231820 d:PlantMachinery 2024-02-01 2025-01-31 10231820 d:PlantMachinery 2025-01-31 10231820 d:PlantMachinery 2024-01-31 10231820 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 10231820 d:FurnitureFittings 2024-02-01 2025-01-31 10231820 d:FurnitureFittings 2025-01-31 10231820 d:FurnitureFittings 2024-01-31 10231820 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 10231820 d:ComputerEquipment 2024-02-01 2025-01-31 10231820 d:ComputerEquipment 2025-01-31 10231820 d:ComputerEquipment 2024-01-31 10231820 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 10231820 d:OtherPropertyPlantEquipment 2025-01-31 10231820 d:OtherPropertyPlantEquipment 2024-01-31 10231820 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 10231820 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 10231820 d:Goodwill 2024-02-01 2025-01-31 10231820 d:Goodwill 2025-01-31 10231820 d:Goodwill 2024-01-31 10231820 d:CurrentFinancialInstruments 2025-01-31 10231820 d:CurrentFinancialInstruments 2024-01-31 10231820 d:Non-currentFinancialInstruments 2025-01-31 10231820 d:Non-currentFinancialInstruments 2024-01-31 10231820 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 10231820 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10231820 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 10231820 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 10231820 d:ShareCapital 2025-01-31 10231820 d:ShareCapital 2024-01-31 10231820 d:RetainedEarningsAccumulatedLosses 2025-01-31 10231820 d:RetainedEarningsAccumulatedLosses 2024-01-31 10231820 c:FRS102 2024-02-01 2025-01-31 10231820 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 10231820 c:FullAccounts 2024-02-01 2025-01-31 10231820 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10231820 2 2024-02-01 2025-01-31 10231820 d:Goodwill d:OwnedIntangibleAssets 2024-02-01 2025-01-31 10231820 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure
Registered number: 10231820













SP Dental Ltd

Financial statements
Information for filing with the registrar

31 January 2025




 
SP Dental Ltd


Balance sheet
At 31 January 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 5 
182,592
216,177

Tangible assets
 6 
377,638
413,500

  
560,230
629,677

Current assets
  

Stock
  
50,000
50,000

Debtors
 7 
910
11,070

Cash at bank and in hand
  
24,547
32,953

  
75,457
94,023

Creditors: amounts falling due within one year
 8 
(109,759)
(65,378)

Total assets less current liabilities
  
 
 
525,928
 
 
658,322

Creditors: amounts falling due after more than one year
 9 
(754,720)
(797,416)

Provisions for liabilities
  

Deferred tax
  
(28,031)
(38,676)

Net liabilities
  
(256,823)
(177,770)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(256,923)
(177,870)

Shareholders' deficit
  
(256,823)
(177,770)

1

 
SP Dental Ltd

    
Balance sheet (continued)
At 31 January 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 April 2025.




S Phillips
Director

Registered number: 10231820
The notes on pages 3 to 9 form part of these financial statements. 

2

 
SP Dental Ltd
 
 

Notes to the financial statements
Year ended 31 January 2025

1.


General information

SP Dental Ltd ("the company") is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is 15 Woodland Road, Darlington, DL3 7BJ.


2.


Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

3.Accounting policies

 
3.1

Basis of preparation of financial statements

The following principal accounting policies have been applied:

 
3.2

Going concern

The director believes that the company will be able to continue to trade within its working capital facilities for the foreseeable future and with the continued support of the directors and shareholders. They choose to prepare the accounts on a going concern basis.

 
3.3

Revenue

The turnover shown in the profit and loss account represents private fees and capitation scheme
income receivable during the period.

 
3.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3

 
SP Dental Ltd
 

 
Notes to the financial statements
Year ended 31 January 2025

3.Accounting policies (continued)

 
3.5

Income tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
3.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
10%
straight line

4

 
SP Dental Ltd
 

 
Notes to the financial statements
Year ended 31 January 2025

3.Accounting policies (continued)

 
3.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Computer equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
3.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
3.9

Provisions

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
3.10

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
5

 
SP Dental Ltd
 

 
Notes to the financial statements
Year ended 31 January 2025

3.Accounting policies (continued)


3.10
Financial instruments (continued)


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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

6

 
SP Dental Ltd
 
 

Notes to the financial statements
Year ended 31 January 2025

4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2024: 6).


5.


Intangible assets




Goodwill

£



Cost


At 1 February 2024
335,850



At 31 January 2025

335,850



Amortisation


At 1 February 2024
119,673


Charge for the year
33,585



At 31 January 2025

153,258



Net book value



At 31 January 2025
182,592



At 31 January 2024
216,177


7

 
SP Dental Ltd
 
 

Notes to the financial statements
Year ended 31 January 2025

6.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Other fixed assets

£
£
£
£
£



Cost


At 1 February 2024
160,000
381,689
34,916
7,780
121,998



At 31 January 2025

160,000
381,689
34,916
7,780
121,998



Depreciation


At 1 February 2024
-
265,000
14,045
3,897
9,941


Charge for the year
-
29,172
3,473
777
2,440



At 31 January 2025

-
294,172
17,518
4,674
12,381



Net book value



At 31 January 2025
160,000
87,517
17,398
3,106
109,617



At 31 January 2024
160,000
116,689
20,871
3,884
112,056

Total

£



Cost


At 1 February 2024
706,383



At 31 January 2025

706,383



Depreciation


At 1 February 2024
292,883


Charge for the year
35,862



At 31 January 2025

328,745



Net book value



At 31 January 2025
377,638



At 31 January 2024
413,500
8

 
SP Dental Ltd
 
 

Notes to the financial statements
Year ended 31 January 2025

7.


Debtors

2025
2024
£
£


Other debtors
-
10,172

Prepayments and accrued income
910
898

910
11,070



8.


Creditors: amounts falling due within one year

2025
2024
£
£

Bank loans
35,448
31,000

Trade creditors
5,563
5,531

Other taxation and social security
7,980
8,471

Obligations under finance lease and hire purchase contracts
2,800
2,800

Other creditors
47,900
6,381

Accruals and deferred income
10,068
11,195

109,759
65,378



9.


Creditors: amounts falling due after more than one year

2025
2024
£
£

Bank loans
751,717
791,613

Net obligations under finance leases and hire purchase contracts
3,003
5,803

754,720
797,416


 
9