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REGISTERED NUMBER: SC506619 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Armitage Dental Group Ltd

Armitage Dental Group Ltd (Registered number: SC506619)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Armitage Dental Group Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Dr S Armitage
Mrs S Armitage





REGISTERED OFFICE: 44 Lawrence Street
Glasgow
G11 5HD





REGISTERED NUMBER: SC506619 (Scotland)





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

Armitage Dental Group Ltd (Registered number: SC506619)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 380,920 617,906
Tangible assets 5 247,888 250,793
628,808 868,699

CURRENT ASSETS
Stocks 2,205 2,888
Debtors 6 18,666 33,268
Cash at bank and in hand 448,376 167,095
469,247 203,251
CREDITORS
Amounts falling due within one year 7 109,452 91,383
NET CURRENT ASSETS 359,795 111,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

988,603

980,567

CREDITORS
Amounts falling due after more than one
year

8

(348,127

)

(362,652

)

PROVISIONS FOR LIABILITIES (51,432 ) (39,778 )
NET ASSETS 589,044 578,137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 588,944 578,037
589,044 578,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Armitage Dental Group Ltd (Registered number: SC506619)

Balance Sheet - continued
31 July 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 3 April 2024 and were signed on its behalf by:





Dr S Armitage - Director


Armitage Dental Group Ltd (Registered number: SC506619)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Armitage Dental Group 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 2019, 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 - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 50% on cost
Computer 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 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.

Armitage Dental Group Ltd (Registered number: SC506619)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022 800,379
Disposals (324,229 )
At 31 July 2023 476,150
AMORTISATION
At 1 August 2022 182,473
Charge for year 23,807
Eliminated on disposal (111,050 )
At 31 July 2023 95,230
NET BOOK VALUE
At 31 July 2023 380,920
At 31 July 2022 617,906

Armitage Dental Group Ltd (Registered number: SC506619)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2022 170,000 181,888 53,912
Additions - 6,939 -
Disposals - (90,283 ) (43,999 )
At 31 July 2023 170,000 98,544 9,913
DEPRECIATION
At 1 August 2022 - 114,364 42,466
Charge for year - 19,391 1,488
Eliminated on disposal - (86,156 ) (38,006 )
At 31 July 2023 - 47,599 5,948
NET BOOK VALUE
At 31 July 2023 170,000 50,945 3,965
At 31 July 2022 170,000 67,524 11,446

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 142,128 24,736 572,664
Additions 44,850 300 52,089
Disposals (142,128 ) (24,156 ) (300,566 )
At 31 July 2023 44,850 880 324,187
DEPRECIATION
At 1 August 2022 142,128 22,913 321,871
Charge for year 22,425 290 43,594
Eliminated on disposal (142,128 ) (22,876 ) (289,166 )
At 31 July 2023 22,425 327 76,299
NET BOOK VALUE
At 31 July 2023 22,425 553 247,888
At 31 July 2022 - 1,823 250,793

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 18,645 33,249
Other debtors 21 19
18,666 33,268

Armitage Dental Group Ltd (Registered number: SC506619)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 39,896 39,896
Hire purchase contracts 23,883 16,802
Taxation and social security 38,425 23,154
Other creditors 7,248 11,531
109,452 91,383

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 270,497 299,681
Hire purchase contracts 77,630 62,971
348,127 362,652

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 124,247 143,431

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the directors £234. There are no specific repayment terms and no interest has been charged.