Silverfin false 31/03/2023 01/04/2022 31/03/2023 Ross James Anderson 10/05/2013 24 October 2023 The principal activity of the Company during the financial year was the provision of dental services. SC449693 2023-03-31 SC449693 bus:Director1 2023-03-31 SC449693 2022-03-31 SC449693 core:CurrentFinancialInstruments 2023-03-31 SC449693 core:CurrentFinancialInstruments 2022-03-31 SC449693 core:Non-currentFinancialInstruments 2023-03-31 SC449693 core:Non-currentFinancialInstruments 2022-03-31 SC449693 core:ShareCapital 2023-03-31 SC449693 core:ShareCapital 2022-03-31 SC449693 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC449693 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC449693 core:Goodwill 2022-03-31 SC449693 core:Goodwill 2023-03-31 SC449693 core:LandBuildings 2022-03-31 SC449693 core:OtherPropertyPlantEquipment 2022-03-31 SC449693 core:LandBuildings 2023-03-31 SC449693 core:OtherPropertyPlantEquipment 2023-03-31 SC449693 2021-03-31 SC449693 bus:OrdinaryShareClass1 2023-03-31 SC449693 bus:OrdinaryShareClass2 2023-03-31 SC449693 2022-04-01 2023-03-31 SC449693 bus:FullAccounts 2022-04-01 2023-03-31 SC449693 bus:SmallEntities 2022-04-01 2023-03-31 SC449693 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC449693 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC449693 bus:Director1 2022-04-01 2023-03-31 SC449693 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 SC449693 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 SC449693 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 SC449693 2021-04-01 2022-03-31 SC449693 core:Goodwill 2022-04-01 2023-03-31 SC449693 core:LandBuildings 2022-04-01 2023-03-31 SC449693 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 SC449693 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC449693 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 SC449693 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC449693 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC449693 (Scotland)

ANDERSON DENTISTRY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

ANDERSON DENTISTRY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

ANDERSON DENTISTRY LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023
ANDERSON DENTISTRY LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 48,750 93,750
Tangible assets 4 246,729 271,504
295,479 365,254
Current assets
Stocks 5 16,187 16,451
Cash at bank and in hand 63,005 122,138
79,192 138,589
Creditors: amounts falling due within one year 6 ( 85,822) ( 97,042)
Net current (liabilities)/assets (6,630) 41,547
Total assets less current liabilities 288,849 406,801
Creditors: amounts falling due after more than one year 7 0 ( 184,355)
Provision for liabilities 8, 9 ( 34,996) ( 39,397)
Net assets 253,853 183,049
Capital and reserves
Called-up share capital 10 100 100
Profit and loss account 253,753 182,949
Total shareholders' funds 253,853 183,049

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Anderson Dentistry Limited (registered number: SC449693) were approved and authorised for issue by the Director on 24 October 2023. They were signed on its behalf by:

Ross James Anderson
Director
ANDERSON DENTISTRY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
ANDERSON DENTISTRY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anderson Dentistry Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 10 Bank Street, Aberfeldy, PH15 2BB, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received for dental services and goods provided in the normal course of business.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 15 years straight line
Plant and machinery etc. 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes dental materials. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 11 11

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 450,000 450,000
At 31 March 2023 450,000 450,000
Accumulated amortisation
At 01 April 2022 356,250 356,250
Charge for the financial year 45,000 45,000
At 31 March 2023 401,250 401,250
Net book value
At 31 March 2023 48,750 48,750
At 31 March 2022 93,750 93,750

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2022 119,445 329,439 448,884
Additions 0 2,239 2,239
At 31 March 2023 119,445 331,678 451,123
Accumulated depreciation
At 01 April 2022 36,830 140,550 177,380
Charge for the financial year 7,963 19,051 27,014
At 31 March 2023 44,793 159,601 204,394
Net book value
At 31 March 2023 74,652 172,077 246,729
At 31 March 2022 82,615 188,889 271,504

5. Stocks

2023 2022
£ £
Stocks 16,187 16,451

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 0 34,389
Trade creditors 6,383 10,987
Taxation and social security 44,025 44,891
Other creditors 35,414 6,775
85,822 97,042

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 0 184,355

There are no amounts included above in respect of which any security has been given by the small entity.

8. Provision for liabilities

2023 2022
£ £
Deferred tax 34,996 39,397

9. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 39,397) ( 33,528)
Credited/(charged) to the Profit and Loss Account 4,401 ( 5,869)
At the end of financial year ( 34,996) ( 39,397)

10. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each 50 50
50 B ordinary shares of £ 1.00 each 50 50
100 100