Company Registration No. 08288913 (England and Wales)
Prodent Services Inc Limited
Unaudited accounts
for the year ended 31 December 2024
Prodent Services Inc Limited
Unaudited accounts
Contents
Prodent Services Inc Limited
Company Information
for the year ended 31 December 2024
Director
Dr James Stewart Shorrock
Secretary
Mrs Heather Rian Shorrock
Company Number
08288913 (England and Wales)
Registered Office
Dental Surgery
Camel Gate
Spalding
Lincolnshire
PE12 6ES
England
Accountants
CDM Accountants Limited
28 Tytton Lane East
Wyberton
Boston
Lincolnshire
PE21 7HW
Prodent Services Inc Limited
Statement of financial position
as at 31 December 2024
Intangible assets
717,436
450,000
Tangible assets
183,280
195,017
Cash at bank and in hand
203,441
219,414
Creditors: amounts falling due within one year
(147,751)
(123,114)
Net current assets
177,470
211,205
Total assets less current liabilities
1,140,916
918,952
Creditors: amounts falling due after more than one year
(224,479)
(28,496)
Provisions for liabilities
Deferred tax
(38,487)
(57,262)
Net assets
877,950
833,194
Called up share capital
100
100
Revaluation reserve
232,730
232,730
Profit and loss account
645,120
600,364
Shareholders' funds
877,950
833,194
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2025 and were signed on its behalf by
Dr James Stewart Shorrock
Director
Company Registration No. 08288913
Prodent Services Inc Limited
Notes to the Accounts
for the year ended 31 December 2024
Prodent Services Inc Limited is a private company, limited by shares, registered in England and Wales, registration number 08288913. The registered office is Dental Surgery, Camel Gate, Spalding, Lincolnshire, PE12 6ES, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Motor vehicles
10% straight line & 25% reducing balance
Fixtures & fittings
33% straight line & 20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Prodent Services Inc Limited
Notes to the Accounts
for the year ended 31 December 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Intangible fixed assets
Goodwill
At 31 December 2024
717,436
At 31 December 2024
717,436
At 31 December 2023
450,000
The goodwill has not been amortised this year as it is the opinion of the director that current value is at least equal to the historic cost and has not been impaired. This will be reviewed on an annual basis.
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Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
73,329
83,100
293,162
449,591
Additions
-
39,295
4,457
43,752
Disposals
-
-
(21,466)
(21,466)
At 31 December 2024
73,329
122,395
276,153
471,877
At 1 January 2024
36,665
41,550
176,359
254,574
Charge for the year
7,333
18,134
23,026
48,493
On disposals
-
-
(14,470)
(14,470)
At 31 December 2024
43,998
59,684
184,915
288,597
At 31 December 2024
29,331
62,711
91,238
183,280
At 31 December 2023
36,664
41,550
116,803
195,017
Prodent Services Inc Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Investments
Other investments
Valuation at 1 January 2024
62,730
Valuation at 31 December 2024
62,730
Amounts falling due within one year
Other debtors
121,780
88,123
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
50,883
24,500
Obligations under finance leases and hire purchase contracts
6,096
19,053
Taxes and social security
77,724
53,649
Loans from directors
2,933
19,892
Bank loans totalling £50,883 (2023 - £24,500) are secured via a fixed charge and a negative pledge on the company.
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
12,192
18,288
Bank loans totalling £212,287 (2023 - £10,208) are secured via a fixed charge and negative pledge on the company.
Bank loans include aggregate amounts of £49,590 (2023 - £nil) which fall due after five years and which are payable by instalments.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).