Silverfin false false 30/09/2024 01/10/2023 30/09/2024 D K Beevers 28/06/2019 J J Cowie 28/06/2019 T M J Harris 28/06/2019 C McGuirk 28/06/2019 L Moranzoni 28/06/2019 24 June 2025 The principal activity of the company is the provision of dental services. 12074640 2024-09-30 12074640 bus:Director1 2024-09-30 12074640 bus:Director2 2024-09-30 12074640 bus:Director3 2024-09-30 12074640 bus:Director4 2024-09-30 12074640 bus:Director5 2024-09-30 12074640 2023-09-30 12074640 core:CurrentFinancialInstruments 2024-09-30 12074640 core:CurrentFinancialInstruments 2023-09-30 12074640 core:Non-currentFinancialInstruments 2024-09-30 12074640 core:Non-currentFinancialInstruments 2023-09-30 12074640 core:ShareCapital 2024-09-30 12074640 core:ShareCapital 2023-09-30 12074640 core:RetainedEarningsAccumulatedLosses 2024-09-30 12074640 core:RetainedEarningsAccumulatedLosses 2023-09-30 12074640 core:Goodwill 2023-09-30 12074640 core:Goodwill 2024-09-30 12074640 core:LeaseholdImprovements 2023-09-30 12074640 core:PlantMachinery 2023-09-30 12074640 core:OfficeEquipment 2023-09-30 12074640 core:LeaseholdImprovements 2024-09-30 12074640 core:PlantMachinery 2024-09-30 12074640 core:OfficeEquipment 2024-09-30 12074640 2022-09-30 12074640 bus:OrdinaryShareClass1 2024-09-30 12074640 bus:OrdinaryShareClass2 2024-09-30 12074640 bus:OrdinaryShareClass3 2024-09-30 12074640 bus:OrdinaryShareClass4 2024-09-30 12074640 bus:OrdinaryShareClass5 2024-09-30 12074640 2023-10-01 2024-09-30 12074640 bus:FilletedAccounts 2023-10-01 2024-09-30 12074640 bus:SmallEntities 2023-10-01 2024-09-30 12074640 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12074640 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12074640 bus:Director1 2023-10-01 2024-09-30 12074640 bus:Director2 2023-10-01 2024-09-30 12074640 bus:Director3 2023-10-01 2024-09-30 12074640 bus:Director4 2023-10-01 2024-09-30 12074640 bus:Director5 2023-10-01 2024-09-30 12074640 core:Goodwill core:TopRangeValue 2023-10-01 2024-09-30 12074640 core:Goodwill 2023-10-01 2024-09-30 12074640 core:LeaseholdImprovements core:TopRangeValue 2023-10-01 2024-09-30 12074640 core:PlantMachinery 2023-10-01 2024-09-30 12074640 core:OfficeEquipment core:TopRangeValue 2023-10-01 2024-09-30 12074640 2022-10-01 2023-09-30 12074640 core:LeaseholdImprovements 2023-10-01 2024-09-30 12074640 core:OfficeEquipment 2023-10-01 2024-09-30 12074640 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 12074640 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 12074640 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 12074640 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 12074640 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 12074640 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 12074640 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 12074640 bus:OrdinaryShareClass3 2022-10-01 2023-09-30 12074640 bus:OrdinaryShareClass4 2023-10-01 2024-09-30 12074640 bus:OrdinaryShareClass4 2022-10-01 2023-09-30 12074640 bus:OrdinaryShareClass5 2023-10-01 2024-09-30 12074640 bus:OrdinaryShareClass5 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12074640 (England and Wales)

CIRCUS DENTAL LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

CIRCUS DENTAL LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

CIRCUS DENTAL LIMITED

BALANCE SHEET

As at 30 September 2024
CIRCUS DENTAL LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 4 1,151,932 1,223,928
Tangible assets 5 477,554 503,400
1,629,486 1,727,328
Current assets
Stocks 40,000 40,000
Debtors 6 98,092 89,174
Cash at bank and in hand 515,353 430,142
653,445 559,316
Creditors: amounts falling due within one year 7 ( 563,810) ( 488,429)
Net current assets 89,635 70,887
Total assets less current liabilities 1,719,121 1,798,215
Creditors: amounts falling due after more than one year 8 ( 345,572) ( 411,893)
Provision for liabilities 9 ( 91,023) ( 93,943)
Net assets 1,282,526 1,292,379
Capital and reserves
Called-up share capital 10 5,000 5,000
Profit and loss account 1,277,526 1,287,379
Total shareholders' funds 1,282,526 1,292,379

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Circus Dental Limited (registered number: 12074640) were approved and authorised for issue by the Board of Directors on 24 June 2025. They were signed on its behalf by:

J J Cowie
Director
C McGuirk
Director
CIRCUS DENTAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
CIRCUS DENTAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Circus Dental Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current 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 corporation 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.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit andloss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Goodwill

Goodwill is amortised over its useful life, which based on the evidence considered by the directors has been reliably estimated at twenty years.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Leasehold improvements 15 years straight line
Plant and machinery 25 % reducing balance
Office equipment 3 years straight line
Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Financial instruments

Classification:

The company holds the following financial instruments:
Short term trade and other debtors and creditors;
Bank loans; and
Cash and bank balances.

All financial instruments are classified as basic.


Recognition and measurement:

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 30 28

3. Dividends on equity shares

2024 2023
£ £
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend for the financial year ended 30 September 2024 of £117.29 (2023: £127.75) per ordinary A share 117,286 127,754
Interim dividend for the financial year ended 30 September 2024 of £184.92 (2023: £241.87) per ordinary B share 184,915 241,874
Interim dividend for the financial year ended 30 September 2024 of £141 (2023: £158.67) per ordinary C share 141,005 158,671
Interim dividend for the financial year ended 30 September 2024 of £160.79 (2023: £192.92) per ordinary D share 160,788 192,918
Interim dividend for the financial year ended 30 September 2024 of £145.31 (2023: £171.35) per ordinary E share 145,314 171,350
749,308 892,567

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 October 2023 1,439,914 1,439,914
At 30 September 2024 1,439,914 1,439,914
Accumulated amortisation
At 01 October 2023 215,986 215,986
Charge for the financial year 71,996 71,996
At 30 September 2024 287,982 287,982
Net book value
At 30 September 2024 1,151,932 1,151,932
At 30 September 2023 1,223,928 1,223,928

5. Tangible assets

Leasehold improve-
ments
Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 October 2023 355,149 429,647 86,221 871,017
Additions 2,600 50,648 14,832 68,080
Disposals 0 ( 4,452) 0 ( 4,452)
At 30 September 2024 357,749 475,843 101,053 934,645
Accumulated depreciation
At 01 October 2023 71,698 230,637 65,282 367,617
Charge for the financial year 23,773 53,630 12,071 89,474
At 30 September 2024 95,471 284,267 77,353 457,091
Net book value
At 30 September 2024 262,278 191,576 23,700 477,554
At 30 September 2023 283,451 199,010 20,939 503,400

6. Debtors

2024 2023
£ £
Trade debtors 78,040 72,722
Prepayments 3,561 13,557
Other debtors 16,491 2,895
98,092 89,174

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 50,848 49,991
Trade creditors 119,645 143,685
Accruals 10,687 8,177
Taxation and social security 278,130 213,586
Payments received on account 62,683 34,957
Obligations under finance leases and hire purchase contracts 27,713 24,317
Other creditors 14,104 13,716
563,810 488,429

The bank loans are secured by fixed and floating charges over the company's assets. The hire purchase liabilities are secured on the assets to which they relate.

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 317,038 367,887
Obligations under finance leases and hire purchase contracts 28,534 44,006
345,572 411,893

The bank loans are secured by fixed and floating charges over the company's assets. The hire purchase liabilities are secured on the assets to which they relate.

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 93,943) ( 85,448)
Credited/(charged) to the Statement of Income and Retained Earnings 2,920 ( 8,495)
At the end of financial year ( 91,023) ( 93,943)

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary A shares of £ 1.00 each 1,000 1,000
1,000 Ordinary B shares of £ 1.00 each 1,000 1,000
1,000 Ordinary C shares of £ 1.00 each 1,000 1,000
1,000 Ordinary D shares of £ 1.00 each 1,000 1,000
1,000 Ordinary E shares of £ 1.00 each 1,000 1,000
5,000 5,000

11. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 1,033 0

12. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed (to)/from corporate shareholders (7,728) (6,393)

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Amounts owed (to)/from Circus Education Limited 16,491 2,895