Company Registration No. 07210506 (England and Wales)
SDFC LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
SDFC LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
SDFC LIMITED
Company Registration No. 07210506
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,900,000
1,900,000
Tangible assets
4
159,912
174,688
2,059,912
2,074,688
Current assets
Stocks
11,350
10,000
Debtors
5
28,784
49,655
Cash at bank and in hand
570,690
687,897
610,824
747,552
Creditors: amounts falling due within one year
6
(477,361)
(440,335)
Net current assets
133,463
307,217
Total assets less current liabilities
2,193,375
2,381,905
Creditors: amounts falling due after more than one year
7
(101,590)
-
0
Provisions for liabilities
(34,016)
(41,197)
Net assets
2,057,769
2,340,708
Capital and reserves
Called up share capital
8
400
400
Profit and loss reserves
2,057,369
2,340,308
Total equity
2,057,769
2,340,708

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

SDFC LIMITED
Company Registration No. 07210506
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 22 September 2025 and are signed on its behalf by:
Dr S Allen
Dr D Jones
Director
Director
Dr S Ellis
Dr G Tait
Director
Director
SDFC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

SDFC Limited is a private company limited by shares incorporated in England and Wales. The registered office is Longdene Lodge, Kings Road, Haslemere, Surrey, United Kingdom, GU27 2QB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover compromises revenue recognised by the company in respect of dentistry services supplied during the year, exclusive of trade discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
Intangible fixed assets - goodwill

Acquired goodwill is included in the financial statements at its acquisition value. Reviews are carried out annually by the Directors to ensure that there is no impairment in this valuation. The Directors considers that there is an active market in relation to the goodwill shown on the balance sheet and that they considers the value of the business goodwill is in excess of the carrying value. This is a departure from FRS102, and in this respect alone whereby amortisation has not been charged, the accounts do not comply with FRS102. However the Directors believe that this reflects a true and fair view of the business.

SDFC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property
5% on cost
Leasehold improvements
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SDFC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
27
27
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
1,900,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
-
0
Carrying amount
At 31 March 2025
1,900,000
At 31 March 2024
1,900,000
SDFC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
79,844
402,191
482,035
Additions
284,384
23,459
307,843
Disposals
-
0
(359)
(359)
At 31 March 2025
364,228
425,291
789,519
Depreciation and impairment
At 1 April 2024
32,146
275,201
307,347
Depreciation charged in the year
288,376
33,921
322,297
Eliminated in respect of disposals
-
0
(37)
(37)
At 31 March 2025
320,522
309,085
629,607
Carrying amount
At 31 March 2025
43,706
116,206
159,912
At 31 March 2024
47,698
126,990
174,688
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
18,788
38,346
Other debtors
9,996
11,309
28,784
49,655
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
158,884
-
0
Trade creditors
103,228
92,994
Taxation and social security
193,457
324,049
Other creditors
21,792
23,292
477,361
440,335

SDFC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
101,590
-
0

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
100
100
100
100
Ordinary B shares of £1 each
100
100
100
100
Ordinary C shares of £1 each
100
100
100
100
Ordinary D shares of £1 each
100
100
100
100
400
400
400
400
9
Related party transactions

At the balance sheet date the company owed the directors: Dr S Allen £32 (20 24 - £19), Dr D Jones £Nil (20 24 - £96), Dr S Ellis £1 8 (20 24 - £13) and Dr G Tait £21 (2024 - £66).

These loans are interest free and repayable on demand.

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