Renaissance Dental Design Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06042609

RENAISSANCE DENTAL DESIGN LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

RENAISSANCE DENTAL DESIGN LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

RENAISSANCE DENTAL DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Intangible assets	7	1	1
Tangible assets	8	177,003	192,639
Investments	9	795,643	759,079
		----------	----------
		972,647	951,719

CURRENT ASSETS

Stocks		7,870	7,765
Debtors	10	504,416	402,042
Cash at bank and in hand		622,073	562,319
		-------------	----------
		1,134,359	972,126

CREDITORS: amounts falling due within one year	11	93,969		118,130
		-------------		----------
NET CURRENT ASSETS			1,040,390		853,996
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,013,037		1,805,715

PROVISIONS

Taxation including deferred tax	12	21,910	18,025
		-------------	-------------
NET ASSETS		1,991,127	1,787,690
		-------------	-------------

RENAISSANCE DENTAL DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	1,991,027	1,787,590
	-------------	-------------
SHAREHOLDERS FUNDS	1,991,127	1,787,690
	-------------	-------------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

A J Burnham

Director

Company registration number: 06042609

RENAISSANCE DENTAL DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is South Barn, Springs Farm, Thornthwaite, North Yorkshire, HG3 2QX.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Alterations to leasehold property	-	10% straight line
Motor Vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Investments

Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 12 (2023: 13 ).

5. TAX ON PROFIT

Major components of tax income

	2024	2023
	£	£

Current tax:

UK current tax (income)/expense	( 22,195)	71,242
Adjustments in respect of prior periods	567	( 99,199)
	---------	---------
Total current tax	( 21,628)	( 27,957)
	---------	---------

Deferred tax:

Origination and reversal of timing differences	3,885	4,555
	---------	---------
Tax on profit	( 17,743)	( 23,402)
	---------	---------

6. DIVIDENDS

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2024	2023
	£	£
Dividends on equity shares	1,000	2,000
	-------	-------

7. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	180,000
	----------
Amortisation
At 1 January 2024 and 31 December 2024	179,999
	----------
Carrying amount
At 31 December 2024	1
	----------
At 31 December 2023	1
	----------

8. TANGIBLE ASSETS

	Alterations to leasehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	244,335	11,710	310,635	566,680
Additions	–	2,999	19,743	22,742
Disposals	–	( 2,990)	–	( 2,990)
	----------	---------	----------	----------
At 31 December 2024	244,335	11,719	330,378	586,432
	----------	---------	----------	----------
Depreciation
At 1 January 2024	131,989	8,136	233,916	374,041
Charge for the year	24,437	1,268	11,727	37,432
Disposals	–	( 2,044)	–	( 2,044)
	----------	---------	----------	----------
At 31 December 2024	156,426	7,360	245,643	409,429
	----------	---------	----------	----------
Carrying amount
At 31 December 2024	87,909	4,359	84,735	177,003
	----------	---------	----------	----------
At 31 December 2023	112,346	3,574	76,719	192,639
	----------	---------	----------	----------

9. INVESTMENTS

	Portfolio Investment
	£
Cost
At 1 January 2024	759,079
Revaluations	36,564
	----------
At 31 December 2024	795,643
	----------
Impairment
At 1 January 2024 and 31 December 2024	–
	----------

Carrying amount
At 31 December 2024	795,643
	----------
At 31 December 2023	759,079
	----------

The portfolio investment relates to monies invested in an authorised financial institution.

10. DEBTORS

	2024	2023
	£	£
Trade debtors	500,536	398,799
Prepayments and accrued income	3,880	3,243
	----------	----------
	504,416	402,042
	----------	----------

11. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	20,312	10,268
Accruals and deferred income	5,829	2,550
Corporation tax	49,613	84,603
Social security and other taxes	10,870	11,719
Director loan accounts	7,345	8,990
	---------	----------
	93,969	118,130
	---------	----------

12. PROVISIONS

	Deferred tax (note 13)
	£
At 1 January 2024	18,025
Additions	3,885
	---------
At 31 December 2024	21,910
	---------

13. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 12)	21,910	18,025
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	21,910	18,025
	---------	---------

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.