REGISTERED NUMBER: 05650700 (England and Wales)

Formby Dental Laboratory Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N R Duncan

SECRETARY:

Mrs K J Duncan

REGISTERED OFFICE:

13a Duke Street

Southport

Merseyside

PR8 1LS

REGISTERED NUMBER:

05650700 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

13a Duke Street

Southport

Merseyside

PR8 1LS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

38,210

45,848

38,210

45,848

CURRENT ASSETS

Stocks

800

820

Debtors

6

25,137

28,487

Cash at bank

109,294

77,336

135,231

106,643

CREDITORS

Amounts falling due within one year

7

(51,250

)

(59,769

)

NET CURRENT ASSETS

83,981

46,874

TOTAL ASSETS LESS CURRENT LIABILITIES

122,191

92,722

CREDITORS

Amounts falling due after more than one year

8

(24,421

)

(29,486

)

NET ASSETS

97,770

63,236

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

97,670

63,136

SHAREHOLDERS' FUNDS

97,770

63,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2025 and were signed by:

N R Duncan - Director

1.	STATUTORY INFORMATION

Formby Dental Laboratory Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the invoiced charge for goods & Services.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property Improvements

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

50,792

AMORTISATION

At 1 January 2024

and 31 December 2024

50,792

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Property

and

Computer

Improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

8,367

89,338

8,035

105,740

DEPRECIATION

At 1 January 2024

5,016

49,212

5,664

59,892

Charge for year

836

6,019

783

7,638

At 31 December 2024

5,852

55,231

6,447

67,530

NET BOOK VALUE

At 31 December 2024

2,515

34,107

1,588

38,210

At 31 December 2023

3,351

40,126

2,371

45,848

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

22,397

25,850

Other debtors

2,740

2,637

25,137

28,487

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,065

4,940

Trade creditors

3,216

8,720

Taxation and social security

40,777

37,817

Other creditors

2,192

8,292

51,250

59,769

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

24,421

29,486

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr N Duncan.