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REGISTERED NUMBER: SC637462 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Gildent Limited

Gildent Limited (Registered number: SC637462)






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


Gildent Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: K J Gilmartin
A D K Gilmartin





REGISTERED OFFICE: 17 Victoria Place
Stirling
FK8 2QT





REGISTERED NUMBER: SC637462 (Scotland)





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

Gildent Limited (Registered number: SC637462)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 214,800 241,650
Tangible assets 5 169,880 173,417
384,680 415,067

CURRENT ASSETS
Stocks 2,450 2,300
Debtors 6 18,231 22,337
Cash at bank and in hand 54,845 29,191
75,526 53,828
CREDITORS
Amounts falling due within one year 7 58,378 54,015
NET CURRENT ASSETS/(LIABILITIES) 17,148 (187 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,828

414,880

CREDITORS
Amounts falling due after more than one
year

8

396,388

420,882
NET ASSETS/(LIABILITIES) 5,440 (6,002 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,340 (6,102 )
5,440 (6,002 )

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.

Gildent Limited (Registered number: SC637462)

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 5 March 2024 and were signed on its behalf by:





A D K Gilmartin - Director


Gildent Limited (Registered number: SC637462)

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

1. STATUTORY INFORMATION

Gildent Limited 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 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 - 25% on reducing balance and 15% 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.

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.

Gildent Limited (Registered number: SC637462)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 268,500
AMORTISATION
At 1 July 2022 26,850
Charge for year 26,850
At 30 June 2023 53,700
NET BOOK VALUE
At 30 June 2023 214,800
At 30 June 2022 241,650

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 150,000 31,133 181,133
Additions - 2,441 2,441
At 30 June 2023 150,000 33,574 183,574
DEPRECIATION
At 1 July 2022 - 7,716 7,716
Charge for year - 5,978 5,978
At 30 June 2023 - 13,694 13,694
NET BOOK VALUE
At 30 June 2023 150,000 19,880 169,880
At 30 June 2022 150,000 23,417 173,417

Gildent Limited (Registered number: SC637462)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 18,184 22,290
Other debtors 47 47
18,231 22,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 12,014 1,997
Other creditors 46,364 52,018
58,378 54,015

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 10,000 20,000
Other creditors 386,388 400,882
396,388 420,882

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the directors £9,006 (2022 - £7,038). There are no specific repayment terms and no interest has been charged.