REGISTERED NUMBER: 14771514 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

VDSB Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss K J Galloway

J A Nolan

REGISTERED OFFICE:

Richmond House

Redvers Close

Leeds

LS16 6QY

REGISTERED NUMBER:

14771514 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

718,726

-

CURRENT ASSETS

Stocks

20,273

-

Debtors

5

9,281

9,963

Cash at bank and in hand

138,748

2

168,302

9,965

CREDITORS

Amounts falling due within one year

6

163,402

10,863

NET CURRENT ASSETS/(LIABILITIES)

4,900

(898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

723,626

(898

)

CREDITORS

Amounts falling due after more than one year

7

780,196

-

NET LIABILITIES

(56,570

)

(898

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(56,572

)

(900

)

(56,570

)

(898

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

J A Nolan - Director

1.	STATUTORY INFORMATION

VDSB Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is considered a going concern due to the support of the directors.

Turnover

Turnover represents fees receivable for the provision of dental services and for sales of goods where applicable. The company is not VAT registered .

Where any treatment is ongoing, this is included as income based on the percentage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

The assets are depreciated from the year they are fully available for use.

Government grants

Grants are recognised under the performance model:

£50,000 - local council grant for property improvements

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

Additions

718,047

15,275

8,546

741,868

At 31 December 2024

718,047

15,275

8,546

741,868

DEPRECIATION

Charge for year

17,951

3,055

2,136

23,142

At 31 December 2024

17,951

3,055

2,136

23,142

NET BOOK VALUE

At 31 December 2024

700,096

12,220

6,410

718,726

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

9,281

9,963

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

22,376

-

Trade creditors

17,867

-

Taxation and social security

3,961

-

Other creditors

119,198

10,863

163,402

10,863

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

780,196

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

669,822

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

58,694

-

Between one and five years

259,940

-

318,634

-

9.	SECURED DEBTS

National Westminster Bank PLC holds fixed and floating charges over the property and undertakings of the company.

The directors have provided a personal guarantee for the finance in the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24

31.12.23

£

£

J A Nolan and Miss K J Galloway

Balance outstanding at start of year

-

-

Amounts advanced

155

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

155

-