Registration number:
School Road DS Limited
for the Year Ended 31 March 2025
School Road DS Limited
(Registration number: 09214347)
Balance Sheet as at 31 March 2025
Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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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:
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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
.........................................
C J Jones
Director
School Road DS Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
School Road DS Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
Intangible assets |
Goodwill |
Intellectual property |
Total |
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Cost |
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At 1 April 2024 |
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At 31 March 2025 |
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Amortisation |
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At 1 April 2024 |
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- |
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Amortisation charge |
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- |
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At 31 March 2025 |
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- |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Tangible assets |
Freehold property |
Furniture, fixtures and equipment |
Total |
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Cost |
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At 1 April 2024 |
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Additions |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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School Road DS Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
Debtors |
2025 |
2024 |
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Trade debtors |
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Prepayments |
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Director's current account |
- |
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Creditors |
2025 |
2024 |
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Due within one year |
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Trade creditors |
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Bank borrowings |
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Other borrowings |
27,709 |
25,941 |
Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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Accruals and deferred income |
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2025 |
2024 |
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Due after one year |
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Bank borrowings |
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Other borrowings |
106,739 |
134,448 |
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2025 |
2024 |
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Due after more than five years |
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After more than five years by instalments |
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- |
- |
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)
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)).
Control |
The company's immediate and ultimate parent undertaking is
The ultimate controlling party is