Registered number
05101215
D.M.Snape B.D.S Ltd
Filleted Accounts
30 November 2024
D.M.Snape B.D.S Ltd
Registered number: 05101215
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 55,000 55,000
Tangible assets 4 58,329 35,508
113,329 90,508
Current assets
Stocks 2,500 2,500
Debtors 5 63,912 50,669
Cash at bank and in hand 46,514 59,914
112,926 113,083
Creditors: amounts falling due within one year 6 (8,405) (25,328)
Net current assets 104,521 87,755
Net assets 217,850 178,263
Capital and reserves
Called up share capital 2 2
Profit and loss account 217,848 178,261
Shareholders' funds 217,850 178,263
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M A Shaw
Director
Approved by the board on 10 June 2025
D.M.Snape B.D.S Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% reducing balance/20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 55,000
At 30 November 2024 55,000
Amortisation
At 30 November 2024 -
Net book value
At 30 November 2024 55,000
At 30 November 2023 55,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 1,000 122,446 123,446
Additions - 29,723 29,723
At 30 November 2024 1,000 152,169 153,169
Depreciation
At 1 December 2023 - 87,938 87,938
Charge for the year - 6,902 6,902
At 30 November 2024 - 94,840 94,840
Net book value
At 30 November 2024 1,000 57,329 58,329
At 30 November 2023 1,000 34,508 35,508
5 Debtors 2024 2023
£ £
Trade debtors 5,047 1,755
Other debtors 58,865 48,914
63,912 50,669
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,453 5,069
Taxation and social security costs 6,952 20,120
Other creditors - 139
8,405 25,328
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr M A Shaw
Directors loan (139) 9,718 9,579
(139) 9,718 - 9,579
The loan is repayable on demand.
8 Controlling party
The controlling party is Dr M A Shaw.
9 Other information
D.M.Snape B.D.S Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Carew Villa
Carew Lane
Cresselly
Kilgetty
SA68 0TR
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