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REGISTERED NUMBER: SC687300 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

LPB Dental Ltd

LPB Dental Ltd (Registered number: SC687300)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LPB Dental Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Dr L P Boyle
Mrs J Boyle





REGISTERED OFFICE: Bonnybridge Dental Surgery
4 Bridge Street
Bonnybridge
Stirlingshire
FK4 1AA





REGISTERED NUMBER: SC687300 (Scotland)





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

LPB Dental Ltd (Registered number: SC687300)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 208,810 219,800
Tangible assets 5 41,143 15,153
249,953 234,953

CURRENT ASSETS
Debtors 6 42,128 26,858
Cash at bank and in hand 97,800 2,320
139,928 29,178
CREDITORS
Amounts falling due within one year 7 232,868 223,832
NET CURRENT LIABILITIES (92,940 ) (194,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,013

40,299

CREDITORS
Amounts falling due after more than one year 8 (8,960 ) -

PROVISIONS FOR LIABILITIES 9 (10,286 ) -
NET ASSETS 137,767 40,299

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 137,667 40,199
SHAREHOLDERS' FUNDS 137,767 40,299

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

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

LPB Dental Ltd (Registered number: SC687300)

Balance Sheet - continued
30 April 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 7 February 2024 and were signed on its behalf by:





Dr L P Boyle - Director


LPB Dental Ltd (Registered number: SC687300)

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

1. STATUTORY INFORMATION

LPB Dental 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 2022, 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.
Plant and machinery - 12.5% on reducing balance
Computer equipment - 33% on cost

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.

LPB Dental Ltd (Registered number: SC687300)

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

2. ACCOUNTING POLICIES - continued

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 2 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 219,800
AMORTISATION
Amortisation for year 10,990
At 30 April 2023 10,990
NET BOOK VALUE
At 30 April 2023 208,810
At 30 April 2022 219,800

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022 15,153 - 15,153
Additions 26,383 7,199 33,582
At 30 April 2023 41,536 7,199 48,735
DEPRECIATION
Charge for year 5,192 2,400 7,592
At 30 April 2023 5,192 2,400 7,592
NET BOOK VALUE
At 30 April 2023 36,344 4,799 41,143
At 30 April 2022 15,153 - 15,153

LPB Dental Ltd (Registered number: SC687300)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 24,366 26,858
Other debtors 17,762 -
42,128 26,858

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 3,360 35,294
Trade creditors 4,195 2,720
Tax 71,005 35,740
Directors' current accounts 154,308 148,978
Accrued expenses - 1,100
232,868 223,832

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 8,960 -

9. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 10,286 -

Deferred
tax
£   
Provided during year 10,286
Balance at 30 April 2023 10,286

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
25 Ordinary B shares 1.00 25 25
75 Ordinary A shares 1.00 75 75
100 100

LPB Dental Ltd (Registered number: SC687300)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors loaned monies to the company. At the year end the company was due the directors £154,308 (2022 - £148,978). There are no specific repayment terms and no interest has been charged.