Ashfield Dental Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13566766

Ashfield Dental Ltd

Unaudited financial statements

31 March 2025

Ashfield Dental Ltd

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	98,135	113,411
Tangible assets	6	1,062,128	528,971
		-----------	---------
		1,160,263	642,382

Current assets

Stocks		4,500	4,500
Debtors	7	11,129	189,543
Cash at bank and in hand		380,600	574,738
		---------	---------
		396,229	768,781

Creditors: Amounts falling due within one year	8	( 182,101)		( 505,843)
		---------		---------
Net current assets			214,128		262,938
			-----------		---------
Total assets less current liabilities			1,374,391		905,320

Creditors: Amounts falling due after more than one year	9		( 126,331)		( 134,576)

Provisions

Taxation including deferred tax	( 154,379)	( 48,062)
	-----------	---------
Net assets	1,093,681	722,682
	-----------	---------

Capital and reserves

Called up share capital	101	101
Profit and loss account	1,093,580	722,581
	-----------	---------
Shareholders funds	1,093,681	722,682
	-----------	---------

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 income statement 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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ashfield Dental Ltd

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

Mrs C Renton
Director

Company registration number: 13566766

Ashfield Dental Ltd

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 38 Low Street, Sutton-In-Ashfield, Nottinghamshire, England, NR17 1DG. The company's place of business address is Ashfield Dental Clinic, 38 Low Street, Sutton-In-Ashfield, NR17 1DG.

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

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 10 years. The carrying value at the year end was £97,209 (2024: £113,411).

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.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight line basis over the period of the lease.

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

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 10 Years
Patents, trademarks and licences	-	Amortised over 10 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:

Freehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	33% straight line
Computer equipment	-	33% straight line

Stocks

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

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Defined contribution plans

Contributions to defined contribution pensions 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 7 (2024: 6 ).

5. Intangible assets

	Goodwill	Patents, trademarks and licences	Total
	£	£	£
Cost
At 1 April 2024	162,015	–	162,015
Additions	–	1,020	1,020
	---------	------	---------
At 31 March 2025	162,015	1,020	163,035
	---------	------	---------
Amortisation
At 1 April 2024	48,604	–	48,604
Charge for the year	16,202	94	16,296
	---------	------	---------
At 31 March 2025	64,806	94	64,900
	---------	------	---------
Carrying amount
At 31 March 2025	97,209	926	98,135
	---------	------	---------
At 31 March 2024	113,411	–	113,411
	---------	------	---------

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	400,163	132,184	8,782	11,094	552,223
Additions	374,015	77,280	144,733	13,516	609,544
	---------	---------	---------	-------	-----------
At 31 March 2025	774,178	209,464	153,515	24,610	1,161,767
	---------	---------	---------	-------	-----------
Depreciation
At 1 April 2024	5,012	11,516	2,556	4,168	23,252
Charge for the year	13,701	23,319	33,410	5,957	76,387
	---------	---------	---------	-------	-----------
At 31 March 2025	18,713	34,835	35,966	10,125	99,639
	---------	---------	---------	-------	-----------
Carrying amount
At 31 March 2025	755,465	174,629	117,549	14,485	1,062,128
	---------	---------	---------	-------	-----------
At 31 March 2024	395,151	120,668	6,226	6,926	528,971
	---------	---------	---------	-------	-----------

7. Debtors

	2025	2024
	£	£
Trade debtors	1,786	1,500
Other debtors	9,343	188,043
	-------	---------
	11,129	189,543
	-------	---------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans	7,834	7,426
Trade creditors	87,301	339,904
Social security and other taxes	51,411	116,467
Other creditors	35,555	42,046
	---------	---------
	182,101	505,843
	---------	---------

The loan is secured on the property concerned and its fixtures.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	126,331	134,576
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £94,997 (2024: £99,573) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The loan is secured on the property concerned and its fixtures.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	9,000	9,000
Later than 1 year and not later than 5 years	–	27,000
	------	-------
	9,000	36,000
	------	-------