Registered number
11804509
N B Dental Limited
Filleted Accounts
28 February 2025
N B Dental Limited
Registered number: 11804509
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 58,638 58,638
Tangible assets 4 210,308 157,851
268,946 216,489
Current assets
Stocks 5,250 5,200
Debtors 5 126,071 84,062
Cash at bank and in hand 19,980 41,681
151,301 130,943
Creditors: amounts falling due within one year 6 (97,114) (79,904)
Net current assets 54,187 51,039
Total assets less current liabilities 323,133 267,528
Creditors: amounts falling due after more than one year 7 (268,325) (227,637)
Provisions for liabilities (52,577) (39,463)
Net assets 2,231 428
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,131 328
Shareholder's funds 2,231 428
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Nicholas Baker
Director
Approved by the board on 20 June 2025
N B Dental Limited
Notes to the Accounts
for the year ended 28 February 2025
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.
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 10% on reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2024 58,638
At 28 February 2025 58,638
Amortisation
At 28 February 2025 -
Net book value
At 28 February 2025 58,638
At 29 February 2024 58,638
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 191,734
Additions 75,825
At 28 February 2025 267,559
Depreciation
At 1 March 2024 33,883
Charge for the year 23,368
At 28 February 2025 57,251
Net book value
At 28 February 2025 210,308
At 29 February 2024 157,851
5 Debtors 2025 2024
£ £
Trade debtors 36,505 28,575
Other debtors 89,566 55,487
126,071 84,062
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 23,120 11,920
Obligations under finance lease and hire purchase contracts 37,620 39,325
Trade creditors 8,713 4,851
Taxation and social security costs 22,592 19,206
Other creditors 5,069 4,602
97,114 79,904
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 131,278 70,338
Obligations under finance lease and hire purchase contracts 137,047 157,299
268,325 227,637
8 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 23,120 11,920
Secured bank loans 74,140 82,258
The total outstanding balance of the NatWest loan at 28th February 2025 was £74,140.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Nicholas Baker
Director's loan 38,682 25,480 - 64,162
38,682 25,480 - 64,162
The loan above has been included under other debtors. The loan is unsecured and repayable on demand. Interest is paid to the company at the Official Rate.
10 Other information
N B Dental Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 Royal Huts Avenue
Hindhead
United Kingdom
GU26 6FB
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