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REGISTRAR OF COMPANIES |
Registration number:
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REGISTRAR OF COMPANIES |
Registration number:
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Spedding Dental Clinic Limited
Contents
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Spedding Dental Clinic Limited
for the Year Ended 28 February 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Spedding Dental Clinic Limited for the year ended 28 February 2026 as set out on pages 2 to 11 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Spedding Dental Clinic Limited, as a body, in accordance with the terms of our engagement letter dated 15 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Spedding Dental Clinic Limited and state those matters that we have agreed to state to the Board of Directors of Spedding Dental Clinic Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spedding Dental Clinic Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Spedding Dental Clinic Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Spedding Dental Clinic Limited. You consider that Spedding Dental Clinic Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Spedding Dental Clinic Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Accountants
Cornmarket
PENRITH
CA11 7HW
Spedding Dental Clinic Limited
(Registration number: 06041288)
Balance Sheet as at 28 February 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
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Other financial assets |
569,370 |
556,940 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Allotted, called up and fully paid share capital |
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Profit and loss account |
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Total equity |
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Spedding Dental Clinic Limited
(Registration number: 06041288)
Balance Sheet as at 28 February 2026 (continued)
For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
J I A Fryer-Spedding
Director
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K A Fryer-Spedding
Company secretary and director
Spedding Dental Clinic Limited
Notes to the Financial Statements for the Year Ended 28 February 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Government grants
Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the related costs are recognised for which the grant is intended to compensate.
Grants for the purpose of giving immediate financial support with no future related costs to be incurred are recognised in the profit and loss account when the grant proceeds become receivable.
Spedding Dental Clinic Limited
Notes to the Financial Statements for the Year Ended 28 February 2026 (continued)
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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 tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Long leasehold land and buildings |
5% straight line basis |
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Plant and equipment |
15% reducing balance basis |
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Furniture, fittings and office equipment |
15% reducing balance basis and 33% straight line basis |
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 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:
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Asset class |
Amortisation method and rate |
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Goodwill |
10 years straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Spedding Dental Clinic Limited
Notes to the Financial Statements for the Year Ended 28 February 2026 (continued)
Trade debtors
Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Spedding Dental Clinic Limited
Notes to the Financial Statements for the Year Ended 28 February 2026 (continued)
Financial instruments
Classification
Recognition and measurement
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Impairment
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Spedding Dental Clinic Limited
Notes to the Financial Statements for the Year Ended 28 February 2026 (continued)
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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At 1 March 2025 |
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At 28 February 2026 |
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Amortisation |
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At 1 March 2025 |
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At 28 February 2026 |
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Carrying amount |
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At 28 February 2026 |
- |
- |
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Tangible assets |
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Long leasehold land and buildings |
Plant and equipment |
Furniture, fittings and office equipment |
Total |
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Cost or valuation |
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At 1 March 2025 |
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Additions |
- |
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At 28 February 2026 |
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Depreciation |
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At 1 March 2025 |
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Charge for the year |
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At 28 February 2026 |
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Carrying amount |
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At 28 February 2026 |
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At 28 February 2025 |
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Spedding Dental Clinic Limited
Notes to the Financial Statements for the Year Ended 28 February 2026 (continued)
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Other financial assets (current and non-current) |
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2026 |
2025 |
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Non-current financial assets |
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Financial assets at fair value through profit and loss |
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Financial assets at fair value through profit and loss |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 March 2025 |
556,940 |
556,940 |
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Additions |
482,918 |
482,918 |
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Fair value adjustments |
42,763 |
42,763 |
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Disposals |
(513,251) |
(513,251) |
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At 28 February 2026 |
569,370 |
569,370 |
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Impairment |
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Carrying amount |
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At 28 February 2026 |
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569,370 |
Spedding Dental Clinic Limited
Notes to the Financial Statements for the Year Ended 28 February 2026 (continued)
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Stocks |
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2026 |
2025 |
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Other inventories |
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Debtors |
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2026 |
2025 |
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Other debtors |
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Creditors |
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2026 |
2025 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Corporation tax liability |
143,416 |
144,683 |
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Other creditors |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Spedding Dental Clinic Limited
Notes to the Financial Statements for the Year Ended 28 February 2026 (continued)
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Related party transactions |
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Transactions with directors |
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2026 |
At 1 March 2025 |
Advances |
Repayments |
Other payments |
Dividends credited |
Interest |
At 28 February 2026 |
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J I A Fryer-Spedding |
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Directors loan |
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( |
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(132,675) |
4,490 |
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K A Fryer-Spedding |
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Directors loan |
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( |
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(132,675) |
4,490 |
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2025 |
At 1 March 2024 |
Advances |
Repayments |
Other payments |
Dividends credited |
Interest |
At 28 February 2025 |
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J I A Fryer-Spedding |
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Directors loan |
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( |
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(131,500) |
2,233 |
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K A Fryer-Spedding |
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Directors loan |
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( |
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(131,500) |
2,233 |
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Directors' advances are repayable on demand.
Interest has been charged at a rate of 2.25% and 3.75% on advances to directors.
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Financial instruments |
Financial assets measured at fair value
Portfolio of bonds, equities, commodities and property
Fair value based on traded prices in an active market
The fair value is £569,370 (2025 - £556,940) and the change in value included in profit or loss is £42,763 (2025 - £28,027).