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Registrar

Registration number: 04813508

SPS Dental Sales Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

SPS Dental Sales Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

SPS Dental Sales Limited

Company Information

Directors | C Knight K Knight

Company secretary | K Knight

Registered office | 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers | Lloyds Bank Plc 2 - 4 Bank Street Braintree Essex CM7 7UN

Accountants | Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

SPS Dental Sales Limited

(Registration number: 04813508)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 6,649 | 7,835
Current assets |  |  |
Stocks | 6 | 187,142 | 344,652
Debtors | 7 | 36,043 | 76,028
Cash at bank and in hand |  | 404,077 | 86,384
|  | 627,262 | 507,064
Creditors: Amounts falling due within one year | 8 | (784,478) | (432,735)
Net current (liabilities)/assets |  | (157,216) | 74,329
Total assets less current liabilities |  | (150,567) | 82,164
Creditors: Amounts falling due after more than one year | 8 | - | (9,167)
Provisions for liabilities |  | (1,529) | (1,802)
Net (liabilities)/assets |  | (152,096) | 71,195
Capital and reserves |  |  |
Called up share capital | 9 | 200 | 200
Retained earnings |  | (152,296) | 70,995
Shareholders' (deficit)/funds |  | (152,096) | 71,195

For the financial year ended 30 June 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 February 2026 and signed on its behalf by:

C Knight Director | K Knight Company secretary and director |

SPS Dental Sales Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

The principal place of business is: Unit 2, 42 Feering Hill, Feering, Colchester, Essex, CO5 9NH.

These financial statements were authorised for issue by the Board on 10 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the installation and servicing of dental equipment. Turnover is shown net of value added tax, returns, rebates and discounts. The company receives payments in installmets of 20%, 40% and 20% at specific stages throughout the project.
The company recognises revenue when:
- the installation of the dental equipment has been completed;
- or the servicing of dental equipment has taken place.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

SPS Dental Sales Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% Reducing Balance
Office equipment | 33% Straight Line Basis and
| 15% Reducing Balance Method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 3 years Straight Line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Cost represents the expenditure incurred in bringing each product to its present location and condition as follows:
Parts and equipment - Purchase cost on a First-in, first-out basis
Work in progress - Cost incurred for jobs installed post year end.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

SPS Dental Sales Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 July 2024 | 42,500 | 42,500
At 30 June 2025 | 42,500 | 42,500
Amortisation
At 1 July 2024 | 42,500 | 42,500
At 30 June 2025 | 42,500 | 42,500
Carrying amount
At 30 June 2025 | - | -
At 30 June 2024 | - | -

SPS Dental Sales Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Office equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 29,971 | 797 | 30,768
At 30 June 2025 | 29,971 | 797 | 30,768
Depreciation
At 1 July 2024 | 22,248 | 685 | 22,933
Charge for the year | 1,158 | 28 | 1,186
At 30 June 2025 | 23,406 | 713 | 24,119
Carrying amount
At 30 June 2025 | 6,565 | 84 | 6,649
At 30 June 2024 | 7,723 | 112 | 7,835

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 93,371 | 159,208
Stock | 93,771 | 185,444
| 187,142 | 344,652

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 36,043 | 76,028
| 36,043 | 76,028

SPS Dental Sales Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Loans and borrowings | 31,369 | 10,000
Trade creditors | 121,059 | 150,179
Amounts owed to group undertakings | 243,797 | 69,983
Other creditors | 388,253 | 202,573
| 784,478 | 432,735

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Loans and borrowings | - | 9,167

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 100 | 100 | 100 | 100
Ordinary B shares of £1 each | 100 | 100 | 100 | 100
| 200 | 200 | 200 | 200