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REGISTERED NUMBER: SC538911 (Scotland)














Financial Statements

for the Year Ended 30 September 2022

for

Dental Accountants Scotland Ltd

Dental Accountants Scotland Ltd (Registered number: SC538911)






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dental Accountants Scotland Ltd

Company Information
for the Year Ended 30 September 2022







DIRECTORS: J Wilson BDS MAAT
Ms V Forbes MAAT





REGISTERED OFFICE: Cornerstone House
Station Road
Selkirk
Selkirkshire
TD7 5DJ





REGISTERED NUMBER: SC538911 (Scotland)






Dental Accountants Scotland Ltd (Registered number: SC538911)

Balance Sheet
30 September 2022

30.9.22 30.9.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,384 73,394

CURRENT ASSETS
Debtors 5 152,144 171,697
Cash at bank and in hand 98,235 30,231
250,379 201,928
CREDITORS
Amounts falling due within one year 6 264,538 259,510
NET CURRENT LIABILITIES (14,159 ) (57,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,225

15,812

CREDITORS
Amounts falling due after more than one year 7 (34,146 ) (38,189 )

PROVISIONS FOR LIABILITIES (1,355 ) (1,355 )
NET ASSETS/(LIABILITIES) 724 (23,732 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 624 (23,832 )
SHAREHOLDERS' FUNDS 724 (23,732 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Dental Accountants Scotland Ltd (Registered number: SC538911)

Balance Sheet - continued
30 September 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





Ms V Forbes MAAT - Director


Dental Accountants Scotland Ltd (Registered number: SC538911)

Notes to the Financial Statements
for the Year Ended 30 September 2022

1. STATUTORY INFORMATION

Dental Accountants Scotland Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 - 5 years
Motor vehicles - Straight line over 3 - 5 years
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Dental Accountants Scotland Ltd (Registered number: SC538911)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

2. ACCOUNTING POLICIES - continued

Going concern
As a result of initial start up costs arising the company is exhibiting negative balance sheet reserves. The company is reliant on Directors loan finance. This finance is provided medium term and no plans to remove the ongoing support exist.

The Directors have produced medium term forecasts and are satisfied that the preparation of the accounts on a going concern basis is appropriate. However inherently there can never be any guarantee of this.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2021 34,201 48,990 28,431 111,622
Additions 1,106 24,061 7,998 33,165
Disposals (7,404 ) (48,990 ) (7,254 ) (63,648 )
At 30 September 2022 27,903 24,061 29,175 81,139
DEPRECIATION
At 1 October 2021 11,861 15,058 11,309 38,228
Charge for year 6,369 1,337 4,875 12,581
Eliminated on disposal (2,224 ) (15,058 ) (2,772 ) (20,054 )
At 30 September 2022 16,006 1,337 13,412 30,755
NET BOOK VALUE
At 30 September 2022 11,897 22,724 15,763 50,384
At 30 September 2021 22,340 33,932 17,122 73,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Trade debtors 149,051 164,625
Other debtors 3,093 7,072
152,144 171,697

Dental Accountants Scotland Ltd (Registered number: SC538911)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Trade creditors 5,919 28,363
Taxation and social security 106,427 77,703
Other creditors 152,192 153,444
264,538 259,510

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.22 30.9.21
£    £   
Bank loans 34,146 38,189

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.22 30.9.21
value: £    £   
90 Ordinary A 1 90 90
10 Ordinary B 1 10 10
100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2021 (23,832 )
Profit for the year 156,118
Dividends (131,662 )
At 30 September 2022 624

Dental Accountants Scotland Ltd (Registered number: SC538911)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021:

30.9.22 30.9.21
£    £   
Ms V Forbes MAAT
Balance outstanding at start of year 19,915 15,994
Amounts advanced 1,413 26,386
Amounts repaid (14,839 ) (22,465 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,489 19,915

The Director has extended informal loan finance to the company. This loan has no fixed repayment terms.