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REGISTERED NUMBER: SC722813 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Musselburgh Dental Care Ltd

Musselburgh Dental Care Ltd (Registered number: SC722813)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Musselburgh Dental Care Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Dr M Chan
Dr C McArdle
W Chan
M D McArdle





REGISTERED OFFICE: Cornerstone House
Selkirk
TD7 5DJ





REGISTERED NUMBER: SC722813 (Scotland)





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

Musselburgh Dental Care Ltd (Registered number: SC722813)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 774,000 -
Tangible assets 5 421,881 -
1,195,881 -

CURRENT ASSETS
Stocks 10,500 -
Debtors 6 76,185 40
Cash at bank 6,263 -
92,948 40
CREDITORS
Amounts falling due within one year 7 123,414 -
NET CURRENT (LIABILITIES)/ASSETS (30,466 ) 40
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,165,415

40

CREDITORS
Amounts falling due after more than one
year

8

1,132,515

-
NET ASSETS 32,900 40

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 32,860 -
32,900 40

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

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

Musselburgh Dental Care Ltd (Registered number: SC722813)

Balance Sheet - continued
30 June 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 12 March 2024 and were signed on its behalf by:




Dr C McArdle - Director



Dr M Chan - Director


Musselburgh Dental Care Ltd (Registered number: SC722813)

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

1. STATUTORY INFORMATION

Musselburgh 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 2022, is being amortised evenly over its estimated useful life of ten 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 etc - 20% on reducing balance

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 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.

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.

Musselburgh Dental Care Ltd (Registered number: SC722813)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 860,000
At 30 June 2023 860,000
AMORTISATION
Charge for year 86,000
At 30 June 2023 86,000
NET BOOK VALUE
At 30 June 2023 774,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 280,000 148,701 428,701
At 30 June 2023 280,000 148,701 428,701
DEPRECIATION
Charge for year - 6,820 6,820
At 30 June 2023 - 6,820 6,820
NET BOOK VALUE
At 30 June 2023 280,000 141,881 421,881

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 76,185 -
Other debtors - 40
76,185 40

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 52,066 -
Trade creditors 18,231 -
Taxation and social security 50,070 -
Other creditors 3,047 -
123,414 -

Musselburgh Dental Care Ltd (Registered number: SC722813)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 1,132,515 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the directors £129. There are no specific repayment terms and no interest has been charged.