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Registration number: 09214347

School Road DS Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

School Road DS Limited

(Registration number: 09214347)

Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

3

691,991

713,691

Tangible assets

4

481,974

471,890

 

1,173,965

1,185,581

Current assets

 

Stocks

11,726

12,351

Debtors

5

64,263

92,419

Cash at bank and in hand

 

151,130

91,243

 

227,119

196,013

Creditors: Amounts falling due within one year

6

(1,052,212)

(987,636)

Net current liabilities

 

(825,093)

(791,623)

Total assets less current liabilities

 

348,872

393,958

Creditors: Amounts falling due after more than one year

6

(288,409)

(333,855)

Provisions for liabilities

(59,912)

(55,965)

Net assets

 

551

4,138

Capital and reserves

 

Called up share capital

1

1

Retained earnings

550

4,137

Shareholders' funds

 

551

4,138

For the financial year ending 31 March 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 and the option not to file the Director's Report and the Profit and Loss Account has been taken.

 

School Road DS Limited

(Registration number: 09214347)

Balance Sheet as at 31 March 2025 (continued)

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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 29 April 2025.
 

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

C J Jones

Director

 

School Road DS Limited

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

1

Accounting policies

Statutory information

School Road DS Limited is a private company, limited by shares, domiciled in England and Wales, company number 09214347. The registered office is at 257 School Road, Sheffield, S10 1GQ.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover represents the gross value of dentistry goods or services supplied. NHS income is recognised based on the levels of dental activity delivered. Where there is under-delivery against targeted levels, a potential clawback arises and a creditor is established. Private treatment is recognised based on the stage of completion.

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.

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

2% straight line

 

School Road DS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1

Accounting policies (continued)

Intellectual property

not amortised

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line

Fixtures, fittings and equipment

10%/20% straight line

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Defined contribution pension obligation

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 23 (2024 - 27).

 

School Road DS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3

Intangible assets

Goodwill
 £

Intellectual property
 £

Total
£

Cost

At 1 April 2024

1,085,000

1

1,085,001

At 31 March 2025

1,085,000

1

1,085,001

Amortisation

At 1 April 2024

371,310

-

371,310

Amortisation charge

21,700

-

21,700

At 31 March 2025

393,010

-

393,010

Carrying amount

At 31 March 2025

691,990

1

691,991

At 31 March 2024

713,690

1

713,691

4

Tangible assets

Freehold property
£

Furniture, fixtures and equipment
£

Total
£

Cost

At 1 April 2024

290,862

328,372

619,234

Additions

31,542

31,197

62,739

At 31 March 2025

322,404

359,569

681,973

Depreciation

At 1 April 2024

43,871

103,473

147,344

Charge for the year

6,057

46,598

52,655

At 31 March 2025

49,928

150,071

199,999

Carrying amount

At 31 March 2025

272,476

209,498

481,974

At 31 March 2024

246,991

224,899

471,890

 

School Road DS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Debtors

2025
£

2024
£

Trade debtors

60,609

58,316

Prepayments

3,654

252

Director's current account

-

33,851

 

64,263

92,419

6

Creditors

2025
£

2024
£

Due within one year

Trade creditors

118,968

125,273

Bank borrowings

15,205

13,267

Other borrowings

27,709

25,941

Amounts owed to group undertakings

744,987

744,987

Taxation and social security

79,846

69,175

Other creditors

12,849

3,425

Accruals and deferred income

52,648

5,568

1,052,212

987,636

2025
£

2024
£

Due after one year

Bank borrowings

181,670

199,407

Other borrowings

106,739

134,448

288,409

333,855

2025
£

2024
£

Due after more than five years

After more than five years by instalments

120,849

158,103

-

-

Bank loans are secured by a charge over the company's assets.

 

School Road DS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7

Related party transactions

The company has taken advantage of the exemption available under FRS 102 and has not disclosed related party transactions which are considered to be at arm's length on normal commercial terms.

During the year the director, C J Jones, had an interest free loan account with the company. At the balance sheet date the amount owed by the company to C J Jones was £8,937 (2023 - (£33,851)).

8

Control

The company's immediate and ultimate parent undertaking is Jones Family Dental Limited, a company incorporated in England.

The ultimate controlling party is Mrs C J Jones, a director of the company.