Garforth Members Limited


Directors	Dr John Alker
	Dr Jon Slater


Registered Address	Fulford Lodge 1 Heslington Lane
	Fulford
	York
	YO10 4HW


Registered Number	10390833 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,030,000		30,000
Tangible assets	4		277,768		-
			1,307,768		30,000
Current assets
Stocks	5	14,496		13,107
Debtors	6	46,143		851,947
Cash at bank and on hand		7,178		11,979
		67,817		877,033
Creditors amounts falling due within one year	7	(215,136)		(322,423)
Net current assets (liabilities)			(147,319)		554,610
Total assets less current liabilities			1,160,449		584,610
Creditors amounts falling due after one year	8		(462,440)		(11,667)
Net assets			698,009		572,943
Capital and reserves
Called up share capital			100		100
Profit and loss account			697,909		572,843
Shareholders' funds			698,009		572,943

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2025, and are signed on its behalf by:

Dr John Alker
Director

Dr Jon Slater
Director

Registered Company No. 10390833

Garforth Members Limited

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Basis of preparation
	The financial statements have been prepared on the historical cost basis.

	Functional and presentation currency
	The financial statements are presented in sterling, which is the functional currency of the entity.

	Going concern
	The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine.  All these matters have impacted the company's trading results to a greater or lesser extent.  At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

	Turnover policy
	The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year end date is recognised by reference to the state of completion.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Employee benefits

Contributions to defined contribution plans are expensed in the period to which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

	Current taxation
	The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the tax rates and laws that have been enacted, or substantively enacted, at the reporting date.

Current taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the tax rates and laws that have been enacted, or substantively enacted, at the reporting date.

	Intangible assets
	Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses No amortisation has been charged in the accounts, as the goodwill possesses a continual useful life, generating value and income for the business for the foreseeable future. Impairment is reviewed on an annual basis.

Intangible assets

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses No amortisation has been charged in the accounts, as the goodwill possesses a continual useful life, generating value and income for the business for the foreseeable future. Impairment is reviewed on an annual basis.

	Tangible fixed assets and depreciation
	Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Office Equipment	20

	Stocks and work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	21		27

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	30,000	30,000
Additions	1,000,000	1,000,000
At 31 March 25	1,030,000	1,030,000
Net book value
At 31 March 25	1,030,000	1,030,000
At 31 March 24	30,000	30,000

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
Additions	185,509	85,442	819	32,128	303,898
Disposals	-	-	(54)	(3,011)	(3,065)
At 31 March 25	185,509	85,442	765	29,117	300,833
Depreciation and impairment
Charge for year	-	17,088	154	5,823	23,065
At 31 March 25	-	17,088	154	5,823	23,065
Net book value
At 31 March 25	185,509	68,354	611	23,294	277,768
At 31 March 24	-	-	-	-	-

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	14,496	13,107
Total	14,496	13,107

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	42,311	9,844
Other debtors	-	842,103
Prepayments and accrued income	3,832	-
Total	46,143	851,947

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	69,503	8
Bank borrowings and overdrafts	91,987	10,000
Taxation and social security	15,946	47,843
Other creditors	29,882	263,479
Accrued liabilities and deferred income	7,818	1,093
Total	215,136	322,423

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	462,440	11,667
Total	462,440	11,667

9.	Related party transactions
	During the year the Directors loaned the Company £4,926 (2024: £263,479). Interest was charged and paid by the company at the UK market rate on a monthly basis. This loan is repayable upon demand.