57 FG LIMITED


Directors	THAMBIRAJAH, Carmen
	THAMBIRAJAH, Megan Louise
	THAMBIRAJAH, Sathyan


Registered Address	Fulford Lodge
	1 Heslington Lane
	York
	YO10 4HW


Registered Number	05752581 (England and Wales)

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
	In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has 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

In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has 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.

	Revenue from sale of goods
	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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.

	Intangible assets
	Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill - 20% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

	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 (%)
	Fixtures and fittings	15
	Office Equipment	15

	Finance leases and hire purchase contracts
	Finance leases and hire purchase contracts Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. Operating lease commitments The company as a lessee has entered into commercial property leases. The classification of such leases as operating or finance leases required the company to determine, based on an evaluation of the terms and conditions of the arrangements, whether it retains or acquired the significant risks and rewards of ownership of these assets and accordingly whether the lease requires an asset and liability to be recognised in the statement of financial position.

Finance leases and hire purchase contracts

Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. 
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Operating lease commitments
The company as a lessee has entered into commercial property leases. The classification of such leases as operating or finance leases required the company to determine, based on an evaluation of the terms and conditions of the arrangements, whether it retains or acquired the significant risks and rewards of ownership of these assets and accordingly whether the lease requires an asset and liability to be recognised in the statement of financial position.

	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.

	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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		9

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	210,000	210,000
At 31 March 25	210,000	210,000
Amortisation and impairment
At 01 April 24	210,000	210,000
At 31 March 25	210,000	210,000
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	86,950	217,986	22,362	327,298
At 31 March 25	86,950	217,986	22,362	327,298
Depreciation and impairment
At 01 April 24	-	166,512	15,009	181,521
Charge for year	-	7,721	1,102	8,823
At 31 March 25	-	174,233	16,111	190,344
Net book value
At 31 March 25	86,950	43,753	6,251	136,954
At 31 March 24	86,950	51,474	7,353	145,777

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	2,854	3,876
Total	2,854	3,876

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	-	5,160
Total	-	5,160

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	4,682	5,857
Bank borrowings and overdrafts	545	9
Taxation and social security	37,434	-
Finance lease and HP contracts	2,987	7,110
Other creditors	563	201
Accrued liabilities and deferred income	3,000	3,001
Total	49,211	16,178

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	16,107	31,325
Total	16,107	31,325

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	5,277		20,574

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	9,022	10,594
Total	9,022	10,594

11.	Related party transactions
	The directors operate a directors loan account with the company. This loan incurred interest at 2.25%, in line with HMRC's rate of interest for beneficial loans and is repayable upon demand. At the year end the balance of this loan was £544.86 (2024 £9.27).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		136,954		145,777
			136,954		145,777
Current assets
Stocks	5	2,854		3,876
Debtors	6	-		5,160
Cash at bank and on hand		51,030		40,749
		53,884		49,785
Creditors amounts falling due within one year	7	(49,211)		(16,178)
Net current assets (liabilities)			4,673		33,607
Total assets less current liabilities			141,627		179,384
Creditors amounts falling due after one year	8		(16,107)		(31,325)
Provisions for liabilities	10		(9,022)		(10,594)
Net assets			116,498		137,465
Capital and reserves
Called up share capital			3		3
Profit and loss account			116,495		137,462
Shareholders' funds			116,498		137,465