Queensberry Dental Laboratory Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08374383

QUEENSBERRY DENTAL LABORATORY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

QUEENSBERRY DENTAL LABORATORY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		2,419		3,517

CURRENT ASSETS

Stocks		4,890	4,855
Debtors	7	20,175	21,487
Cash at bank and in hand		24,317	13,751
		--------	--------
		49,382	40,093

CREDITORS: amounts falling due within one year	8	18,049		12,149
		--------		--------
NET CURRENT ASSETS			31,333		27,944
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			33,752		31,461
			--------		--------
NET ASSETS			33,752		31,461
			--------		--------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Profit and loss account	33,652	31,361
	--------	--------
SHAREHOLDERS FUNDS	33,752	31,461
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

QUEENSBERRY DENTAL LABORATORY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 October 2025 , and are signed on behalf of the board by:

Mr S P Horden

Director

Company registration number: 08374383

QUEENSBERRY DENTAL LABORATORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

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 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 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.

Goodwill

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. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

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 assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

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:

Dental Laboratory	-	15% reducing balance
Fixtures and Fittings	-	10% straight line
Equipment	-	15% Reducing balance and 33.33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in 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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2024: 2 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	9,810
	-------
Amortisation
At 1 April 2024 and 31 March 2025	9,810
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	–
	-------

6. TANGIBLE ASSETS

	Dental Laboratory	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,997	2,057	8,641	12,695
	-------	-------	-------	--------
Depreciation
At 1 April 2024	1,663	1,713	5,802	9,178
Charge for the year	50	51	997	1,098
	-------	-------	-------	--------
At 31 March 2025	1,713	1,764	6,799	10,276
	-------	-------	-------	--------
Carrying amount
At 31 March 2025	284	293	1,842	2,419
	-------	-------	-------	--------
At 31 March 2024	334	344	2,839	3,517
	-------	-------	-------	--------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	20,175	21,487
	--------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,053	1,096
Corporation tax	10,424	6,770
Social security and other taxes	103	166
Other creditors	6,469	4,117
	--------	--------
	18,049	12,149
	--------	--------