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Registered number: 04573368
DENTALSTYLE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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DENTALSTYLE LIMITED
REGISTERED NUMBER: 04573368
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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DENTALSTYLE LIMITED
REGISTERED NUMBER: 04573368
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 May 2025.
The notes on pages 3 to 9 form part of these financial statements.
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DENTALSTYLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Dentalstyle Limited is a private company limited by shares and is registered and incorporated in England and Wales (registered number: 04573368). The registered office is Warren Way, Crown Farm Business Park, Mansfield, Nottinghamshire, NG19 0FL. The principal activity during the year was that of design and installation of high-quality furniture and equipment for major dental projects across the UK.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Turnover is recognised at the fair value of the consideration received or receivable for sale of goods to external customers in the ordinary nature of the business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover is shown net of Value Added Tax.
Turnover is recognised in relation to separately identifiable components of a single transaction when necessary to reflect the substance of the arrangement and in relation to two or more linked transactions when necessary to understand the commercial effect.
Sale of goods
Turnover is recognised when it and the associated costs can be measured reliably and future economic benefits are probable. Sales of goods are recognised when goods are delivered and legal title has passed and the Company has no continuing managerial involvement associated with ownership or effective control of goods sold. Delivery occurs when the products have arrived at the specified location or when entered into vested stock at a specificed storage facility, at which point the risks and rewards of ownership have been transferred to the customer.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
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DENTALSTYLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
The average monthly number of employees, including directors, during the year was 4 (2023: 4).
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DENTALSTYLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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DENTALSTYLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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DENTALSTYLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Investments in subsidiary companies
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Prepayments and accrued income
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DENTALSTYLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due within one year
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Amounts owed to entities under common control
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Other taxation and social security
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Accruals and deferred income
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Amounts owed to entities under common control are unsecured, interest free, have no fixed date of repayment and are repayable on demand.
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Creditors: Amounts falling due after more than one year
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Amounts owed to entities under common control
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Amounts owed to entities under common control are unsecured, interest free, have no fixed date of repayment and are repayable on demand.
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,453 (2023 - £2,320). Contributions totalling £413 (2023 - £772) were payable to the fund at the balance sheet date and are included in creditors.
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Commitments under operating leases
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At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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DENTALSTYLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.Other financial commitments
At 31 December 2023 the Company had given a cross party guarantee in respect of bank borrowings of Deanestor Limited, a company under common control. At 31 December 2024, Deanestor Limited had bank borrowings of £NIL (2023: £375,489).
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Related party transactions
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During the year, the Company made sales of £672,944 (2023: £437,737) and purchases of £474,465 (2023: £376,663) with entities under common control. At the year end the amount owed to these entities was £628,755 (2023: £753,429), of which £455,298 (2023: £543,038) is due after more than one year. Amounts due from these entities amounted to £nil (2023: £39,394).
A management recharge of £30,240 has also been received from Deanestor Limited.
The entities under common control are Deanestor Limited and Off Site Solutions (RT) Limited, which are under the control of the ultimate controlling party.
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The directors consider the immediate and ultimate parent company to be Ryton Holdings Limited, a company registered in Guernsey.
The directors consider the ultimate controlling party to be the Tonkinson Family.
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