IRIS Accounts Production v23.3.1.45 SC707105 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary A shares 1.00000 Ordinary B shares 1.00000 57227 141563 244835 126500 187608 72290 57227 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC7071052022-11-30SC7071052023-11-30SC7071052022-12-012023-11-30SC7071052021-11-30SC7071052021-12-012022-11-30SC7071052022-11-30SC707105ns16:Scotland2022-12-012023-11-30SC707105ns15:PoundSterling2022-12-012023-11-30SC707105ns11:Director12022-12-012023-11-30SC707105ns11:PrivateLimitedCompanyLtd2022-12-012023-11-30SC707105ns11:SmallEntities2022-12-012023-11-30SC707105ns11:AuditExempt-NoAccountantsReport2022-12-012023-11-30SC707105ns11:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-30SC707105ns11:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC707105ns11:FullAccounts2022-12-012023-11-30SC70710512022-12-012023-11-30SC707105ns11:OrdinaryShareClass12022-12-012023-11-30SC707105ns11:OrdinaryShareClass22022-12-012023-11-30SC70710542ns11:Director22022-11-30SC70710542ns11:Director22022-12-012023-11-30SC70710542ns11:Director22021-12-012022-11-30SC70710542ns11:Director22023-11-30SC70710542ns11:Director22022-11-30SC707105ns11:Director22022-12-012023-11-30SC707105ns11:RegisteredOffice2022-12-012023-11-30SC707105ns6:CurrentFinancialInstruments2023-11-30SC707105ns6:CurrentFinancialInstruments2022-11-30SC707105ns6:Non-currentFinancialInstruments2023-11-30SC707105ns6:Non-currentFinancialInstruments2022-11-30SC707105ns6:ShareCapital2023-11-30SC707105ns6:ShareCapital2022-11-30SC707105ns6:RetainedEarningsAccumulatedLosses2023-11-30SC707105ns6:RetainedEarningsAccumulatedLosses2022-11-30SC707105ns6:NetGoodwill2022-12-012023-11-30SC707105ns6:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-30SC707105ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-12-012023-11-30SC707105ns6:PlantMachinery2022-12-012023-11-30SC707105ns6:FurnitureFittings2022-12-012023-11-30SC707105ns6:MotorVehicles2022-12-012023-11-30SC707105ns6:ComputerEquipment2022-12-012023-11-30SC707105ns6:NetGoodwill2022-11-30SC707105ns6:NetGoodwill2023-11-30SC707105ns6:NetGoodwill2022-11-30SC707105ns6:LandBuildings2022-11-30SC707105ns6:PlantMachinery2022-11-30SC707105ns6:FurnitureFittings2022-11-30SC707105ns6:LandBuildings2022-12-012023-11-30SC707105ns6:LandBuildings2023-11-30SC707105ns6:PlantMachinery2023-11-30SC707105ns6:FurnitureFittings2023-11-30SC707105ns6:LandBuildings2022-11-30SC707105ns6:PlantMachinery2022-11-30SC707105ns6:FurnitureFittings2022-11-30SC707105ns6:MotorVehicles2022-11-30SC707105ns6:ComputerEquipment2022-11-30SC707105ns6:MotorVehicles2023-11-30SC707105ns6:ComputerEquipment2023-11-30SC707105ns6:MotorVehicles2022-11-30SC707105ns6:ComputerEquipment2022-11-30SC707105ns6:WithinOneYearns6:CurrentFinancialInstruments2023-11-30SC707105ns6:WithinOneYearns6:CurrentFinancialInstruments2022-11-30SC707105ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-11-30SC707105ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-11-30SC707105ns11:OrdinaryShareClass12023-11-30SC707105ns11:OrdinaryShareClass22023-11-30SC707105ns11:Director112022-11-30SC707105ns11:Director112021-11-30SC707105ns11:Director112022-12-012023-11-30SC707105ns11:Director112021-12-012022-11-30SC707105ns11:Director112023-11-30SC707105ns11:Director112022-11-30
REGISTERED NUMBER: SC707105 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Shanks Dental Care Ltd

Shanks Dental Care Ltd (Registered number: SC707105)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Shanks Dental Care Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Dr N R C Shanks
Dr A M S Shanks





REGISTERED OFFICE: 55 Captain's Road
Edinburgh
Lothian
EH17 8HP





REGISTERED NUMBER: SC707105 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Shanks Dental Care Ltd (Registered number: SC707105)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 607,495 641,245
Tangible assets 5 392,573 343,303
1,000,068 984,548

CURRENT ASSETS
Stocks 12,500 12,500
Debtors 6 129,591 126,989
Cash at bank and in hand 57,235 129,366
199,326 268,855
CREDITORS
Amounts falling due within one year 7 113,680 135,577
NET CURRENT ASSETS 85,646 133,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,085,714

1,117,826

CREDITORS
Amounts falling due after more than one year 8 (658,023 ) (691,044 )

PROVISIONS FOR LIABILITIES (17,235 ) -
NET ASSETS 410,456 426,782

CAPITAL AND RESERVES
Called up share capital 9 325,100 325,100
Retained earnings 85,356 101,682
SHAREHOLDERS' FUNDS 410,456 426,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Shanks Dental Care Ltd (Registered number: SC707105)

Statement of Financial Position - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





Dr N R C Shanks - Director


Shanks Dental Care Ltd (Registered number: SC707105)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Shanks Dental Care 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


Shanks Dental Care Ltd (Registered number: SC707105)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 674,995
AMORTISATION
At 1 December 2022 33,750
Amortisation for year 33,750
At 30 November 2023 67,500
NET BOOK VALUE
At 30 November 2023 607,495
At 30 November 2022 641,245

Shanks Dental Care Ltd (Registered number: SC707105)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 323,635 21,047 2,255
Buildings additions - 9,065 4,829
At 30 November 2023 323,635 30,112 7,084
DEPRECIATION
At 1 December 2022 - 5,262 338
Charge for year - 6,212 1,063
At 30 November 2023 - 11,474 1,401
NET BOOK VALUE
At 30 November 2023 323,635 18,638 5,683
At 30 November 2022 323,635 15,785 1,917

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 - 2,706 349,643
Buildings additions 54,090 4,109 72,093
At 30 November 2023 54,090 6,815 421,736
DEPRECIATION
At 1 December 2022 - 740 6,340
Charge for year 13,523 2,025 22,823
At 30 November 2023 13,523 2,765 29,163
NET BOOK VALUE
At 30 November 2023 40,567 4,050 392,573
At 30 November 2022 - 1,966 343,303

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 51,234 64,081
Directors' current accounts 72,290 57,227
Prepayments 6,067 5,681
129,591 126,989

Shanks Dental Care Ltd (Registered number: SC707105)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 30,000 38,460
Hire purchase contracts 6,506 -
Trade creditors 7,052 12,883
Tax 28,135 54,308
Social security and other taxes 3,504 2,375
Pension 633 559
Accruals and deferred income 30,863 26,992
Accrued expenses 6,987 -
113,680 135,577

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans > 1 year 619,524 691,044
Hire purchase contracts 38,499 -
658,023 691,044

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
325,050 Ordinary A shares 1.00 325,050 325,050
50 Ordinary B shares 1.00 50 50
325,100 325,100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Dr N R C Shanks and Dr A M S Shanks
Balance outstanding at start of year 57,227 -
Amounts advanced 141,563 244,835
Amounts repaid (126,500 ) (187,608 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,290 57,227

During the year the company advanced the directors monies. At the year end the directors were due the company £72,290 (2022 - £57,227). Interest has been charged at 2.25% per annum. The loan was repaid after the year end.