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COMPANY REGISTRATION NUMBER: 06531340

Nickolas Burnett & Associates Limited

Unaudited financial statements

31 March 2025

Nickolas Burnett & Associates Limited

Statement of financial position

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Intangible assets | 5 |  | 320,000 |  | 360,000
Tangible assets | 6 |  | 131,309 |  | 135,705
|  | --------- |  | ---------
|  | 451,309 |  | 495,705

Current assets

Stocks | 15,173 |  | 13,095 |
Debtors | 7 | 2,653,119 |  | 2,418,937 |
Cash at bank and in hand | 414,589 |  | 264,021 |
| ----------- |  | ----------- |
| 3,082,881 |  | 2,696,053 |

Creditors: Amounts falling due within one year | 8 | ( 263,236) |  | ( 269,655) |
| ----------- |  | ----------- |
Net current assets |  | 2,819,645 |  | 2,426,398
|  | ----------- |  | -----------
Total assets less current liabilities |  | 3,270,954 |  | 2,922,103

Provisions

Taxation including deferred tax |  | ( 28,035) |  | ( 28,559)
|  | ----------- |  | -----------
Net assets |  | 3,242,919 |  | 2,893,544
|  | ----------- |  | -----------

Capital and reserves

Called up share capital |  | 100 |  | 100
Profit and loss account |  | 3,242,819 |  | 2,893,444
|  | ----------- |  | -----------
Shareholders funds |  | 3,242,919 |  | 2,893,544
|  | ----------- |  | -----------

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 .

Nickolas Burnett & Associates Limited

Statement of financial position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 16 September 2025 , and are signed on behalf of the board by:

Mr A Chokshi
Director

Company registration number: 06531340

Nickolas Burnett & Associates Limited

Notes to the financial statements

Year ended 31 March 2025
1. General information
The company ia a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Newmarket Road, Cambridge CB5 8DT.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Amortisation of goodwill is estimated over 20 years. The carrying value at the period end was £320,000 (2024: £360,000).
Revenue recognition
Turnover is in respect of dental services rendered and is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
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 | - | Amortised over twenty years

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.
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:

| Long leasehold property | - | 6% straight line
| Plant and machinery | - | 15% reducing balance
| Fixtures and fittings | - | 25% straight line
| Equipment | - | 25% 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 pension plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of employees during the year was 13 (2024: 13 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 April 2024 and 31 March 2025 | 800,000
| ---------
Amortisation |
At 1 April 2024 | 440,000
Charge for the year | 40,000
| ---------
At 31 March 2025 | 480,000
| ---------
Carrying amount |
At 31 March 2025 | 320,000
| ---------
At 31 March 2024 | 360,000
| ---------

6. Tangible assets

| Long leasehold property | Plant and machinery | Fixtures and fittings | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2024 | 33,712 | 493,303 | 69,863 | 69,772 | 666,650
Additions | – | 17,081 | – | – | 17,081
| ------- | --------- | ------- | ------- | ---------
At 31 March 2025 | 33,712 | 510,384 | 69,863 | 69,772 | 683,731
| ------- | --------- | ------- | ------- | ---------
Depreciation |  |  |  |  |
At 1 April 2024 | 13,799 | 377,808 | 69,783 | 69,555 | 530,945
Charge for the year | 2,022 | 19,194 | 59 | 202 | 21,477
| ------- | --------- | ------- | ------- | ---------
At 31 March 2025 | 15,821 | 397,002 | 69,842 | 69,757 | 552,422
| ------- | --------- | ------- | ------- | ---------
Carrying amount |  |  |  |  |
At 31 March 2025 | 17,891 | 113,382 | 21 | 15 | 131,309
| ------- | --------- | ------- | ------- | ---------
At 31 March 2024 | 19,913 | 115,495 | 80 | 217 | 135,705
| ------- | --------- | ------- | ------- | ---------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 94,165 | 30,076
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 2,051,665 | 1,847,665
Other debtors | 507,289 | 541,196
| ----------- | -----------
| 2,653,119 | 2,418,937
| ----------- | -----------

8. Creditors: Amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 79,488 | 87,265
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 66,127 | 12,527
Social security and other taxes | 63,624 | 162,775
Other creditors | 53,997 | 7,088
| --------- | ---------
| 263,236 | 269,655
| --------- | ---------

9. Directors' advances, credits and guarantees
During the year, the directors operated a loan with the company at HM Revenue & Customs approved interest rates. At the period end the amount owed to the company was £54,192 (2024: £42,160).