FARTOWN LIMITED


Director	Dr Sally E Fitzgibbon


Registered Address	306 Bradford Road
	Huddersfield
	HD1 6LQ


Registered Number	08070003 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		193,490		195,643
			193,490		195,643
Current assets
Stocks	5	4,605		5,500
Debtors	6	140,334		161,835
Cash at bank and on hand		38,360		4,743
		183,299		172,078
Creditors amounts falling due within one year	7	(101,198)		(98,293)
Net current assets (liabilities)			82,101		73,785
Total assets less current liabilities			275,591		269,428
Creditors amounts falling due after one year	8		(120,000)		(120,000)
Provisions for liabilities	9		(47,464)		(47,803)
Net assets			108,127		101,625
Capital and reserves
Called up share capital			100		100
Profit and loss account			108,027		101,525
Shareholders' funds			108,127		101,625

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 Director acknowledges 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 Director on 7 July 2025, and are signed on its behalf by:

Dr Sally E Fitzgibbon
Director
Registered Company No. 08070003

FARTOWN 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
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	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 stage of completion.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

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

	Deferred tax
	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.

Deferred tax

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.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		8

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	702,161	702,161
At 31 March 25	702,161	702,161
Amortisation and impairment
At 01 April 24	702,161	702,161
At 31 March 25	702,161	702,161
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	167,068	237,910	11,300	15,148	431,426
Additions	-	721	3,290	3,955	7,966
Disposals	-	-	-	(1,380)	(1,380)
At 31 March 25	167,068	238,631	14,590	17,723	438,012
Depreciation and impairment
At 01 April 24	-	210,265	11,300	14,218	235,783
Charge for year	-	6,593	823	1,323	8,739
At 31 March 25	-	216,858	12,123	15,541	244,522
Net book value
At 31 March 25	167,068	21,773	2,467	2,182	193,490
At 31 March 24	167,068	27,645	-	930	195,643

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	4,605	5,500
Total	4,605	5,500

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	61,210	84,760
Other debtors	79,124	77,075
Total	140,334	161,835

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	17,283	30,232
Bank borrowings and overdrafts	187	197
Taxation and social security	81,806	66,684
Other creditors	78	54
Accrued liabilities and deferred income	1,844	1,126
Total	101,198	98,293


	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.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	120,000	120,000
Total	120,000	120,000

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	47,464	47,803
Total	47,464	47,803

10.	Related party transactions
	During the year the director loaned the company £78 (2024: £54). This balance is included within other creditors. Interest was charged on the loan at the UK market rate.