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Registered number: 05905281
Specialist Dental Services Limited
Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05905281
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 155,107 175,306
Tangible Assets 5 33,915 26,230
189,022 201,536
CURRENT ASSETS
Stocks 6 170,087 207,188
Debtors 7 103,708 157,359
Cash at bank and in hand 185,489 84,615
459,284 449,162
Creditors: Amounts Falling Due Within One Year 8 (230,525 ) (221,191 )
NET CURRENT ASSETS (LIABILITIES) 228,759 227,971
TOTAL ASSETS LESS CURRENT LIABILITIES 417,781 429,507
Creditors: Amounts Falling Due After More Than One Year 9 (11,356 ) (41,221 )
NET ASSETS 406,425 388,286
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 406,325 388,186
SHAREHOLDERS' FUNDS 406,425 388,286
Page 1
Page 2
For the year ending 31 October 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Shakeel Shahdad
Director
15 June 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Specialist Dental Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05905281 . The registered office is 94 Harley Street, London, W1G 7HX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of twenty years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 10)
9 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 403,975
As at 31 October 2025 403,975
Amortisation
As at 1 November 2024 228,669
Provided during the period 20,199
As at 31 October 2025 248,868
Net Book Value
As at 31 October 2025 155,107
As at 1 November 2024 175,306
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2024 162,334 33,695 12,607 208,636
Additions 8,140 7,813 - 15,953
As at 31 October 2025 170,474 41,508 12,607 224,589
Depreciation
As at 1 November 2024 138,437 32,672 11,297 182,406
Provided during the period 6,144 1,797 327 8,268
As at 31 October 2025 144,581 34,469 11,624 190,674
Net Book Value
As at 31 October 2025 25,893 7,039 983 33,915
As at 1 November 2024 23,897 1,023 1,310 26,230
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6. Stocks
2025 2024
£ £
Stock 98,389 90,333
Work in progress 71,698 116,855
170,087 207,188
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 93,396 90,674
Prepayments and accrued income 10,312 7,025
Other debtors - 46,894
Directors' loan accounts - 12,766
103,708 157,359
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 4,403
Trade creditors 60,953 46,473
Bank loans and overdrafts 29,321 51,506
Corporation tax 27,096 18,234
Other taxes and social security - 5,485
Other creditors 101,649 82,250
Accruals and deferred income 10,560 12,840
Directors' loan accounts 946 -
230,525 221,191
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 11,356 41,221
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,403
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Later than one year and not later than five years 44,598 -
44,598 -
13. Related Party Transactions
During the year, the Company was charged a rent of £90,000 (2024: £90,000) by a related undertaking with common directors and shareholders.
As at the year end, an amount of £38,132 was owed to (2024: £46,895 owed by) this related undertaking.
14. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of holding 100% of the issued share capital in the holding company.
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