REGISTERED NUMBER: 05359263 (England and Wales)

CYGNET HOUSE DENTAL STUDIO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Kantzioura

D Sourtzis

REGISTERED OFFICE:

Excel House

Millbrook Lane

Wragby

Market Rasen

Lincolnshire

LN8 5AB

BUSINESS ADDRESS:

Grace Swan Close

Spilsby

Lincolnshire

PE23 5LT

REGISTERED NUMBER:

05359263 (England and Wales)

ACCOUNTANTS:

Socius Accountants Limited

Excel House

Millbrook Lane

Wragby

Market Rasen

Lincolnshire

LN8 5AB

FIXED ASSETS

Intangible assets

4

20,000

30,000

Property, plant and equipment

5

254,713

373,843

Investments

6

-

95,000

274,713

498,843

CURRENT ASSETS

Inventories

4,400

3,570

Debtors

841,936

522,493

Cash at bank and in hand

226,979

415,334

1,073,315

941,397

CREDITORS

Amounts falling due within one year

94,555

110,176

NET CURRENT ASSETS

978,760

831,221

TOTAL ASSETS LESS CURRENT LIABILITIES

1,253,473

1,330,064

CREDITORS

Amounts falling due after more than one year

7

-

(127,771

)

PROVISIONS FOR LIABILITIES

(6,493

)

(35,464

)

NET ASSETS

1,246,980

1,166,829

CAPITAL AND RESERVES

Called up share capital

2,100

2,100

Retained earnings

1,244,880

1,164,729

1,246,980

1,166,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

D Sourtzis - Director

1.	STATUTORY INFORMATION

Cygnet House Dental Studio Limited 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.

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

1% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

straight line over 3 years and 30% on reducing balance

Motor vehicles

-

25% on reducing balance

Dental equipment

-

30% on reducing balance and 15% on reducing balance

Inventories

Inventories 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

200,000

AMORTISATION

At 1 April 2024

170,000

Amortisation for year

10,000

At 31 March 2025

180,000

NET BOOK VALUE

At 31 March 2025

20,000

At 31 March 2024

30,000

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2024

610,039

Additions

6,809

Disposals

(135,725

)

At 31 March 2025

481,123

DEPRECIATION

At 1 April 2024

236,196

Charge for year

31,421

Eliminated on disposal

(41,207

)

At 31 March 2025

226,410

NET BOOK VALUE

At 31 March 2025

254,713

At 31 March 2024

373,843

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

129,785

Disposals

(129,785

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

16,216

Charge for year

21,280

Eliminated on disposal

(37,496

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

113,569

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

95,000

Additions

119,171

Disposals

(214,171

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

95,000

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

50,518

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

116,712

Hire purchase contracts

-

43,774

-

160,486

The loans are secured by legal charges over the company's trade and assets.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M Clark

Balance outstanding at start of year

313,458

333,628

Amounts advanced

424,276

59,845

Amounts repaid

(86,500

)

(80,015

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

651,234

313,458

All advances made to directors are unsecured, repayable on demand and with no interest charged.