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REGISTERED NUMBER: SC502870 (Scotland)















Financial Statements For The Year Ended 30 April 2023

for

Comiston Dental Limited

Comiston Dental Limited (Registered number: SC502870)






Contents of the Financial Statements
For The Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Comiston Dental Limited

Company Information
For The Year Ended 30 April 2023







DIRECTORS: Mr G A M Stuart
Mrs E A Stuart





REGISTERED OFFICE: 3 Wardie Road
Edinburgh
EH5 3QE





REGISTERED NUMBER: SC502870 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Comiston Dental Limited (Registered number: SC502870)

Statement of Financial Position
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 83,543 125,315
Tangible assets 5 326,748 274,847
410,291 400,162

CURRENT ASSETS
Debtors 6 12,291 25,243
Cash at bank 80,475 96,991
92,766 122,234
CREDITORS
Amounts falling due within one year 7 155,119 127,334
NET CURRENT LIABILITIES (62,353 ) (5,100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,938

395,062

CREDITORS
Amounts falling due after more than one year 8 (349,015 ) (403,807 )

PROVISIONS FOR LIABILITIES (7,416 ) (19,369 )
NET LIABILITIES (8,493 ) (28,114 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,593 ) (28,214 )
SHAREHOLDERS' FUNDS (8,493 ) (28,114 )

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.

Comiston Dental Limited (Registered number: SC502870)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:





Mrs E A Stuart - Director


Comiston Dental Limited (Registered number: SC502870)

Notes to the Financial Statements
For The Year Ended 30 April 2023

1. STATUTORY INFORMATION

Comiston Dental 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis. The Directors consider that the going concern basis is appropriate as although the company has net liabilities, these are principally represented by sums due to the Directors who have confirmed their continued support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.
Heritable property - 2% straight line
Fixed plant and equipment - 15% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Comiston Dental Limited (Registered number: SC502870)

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

2. ACCOUNTING POLICIES - continued
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.

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.

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 7 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 417,717
AMORTISATION
At 1 May 2022 292,402
Charge for year 41,772
At 30 April 2023 334,174
NET BOOK VALUE
At 30 April 2023 83,543
At 30 April 2022 125,315

Comiston Dental Limited (Registered number: SC502870)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixed
Heritable to plant and
property property equipment Totals
£    £    £    £   
COST
At 1 May 2022 220,000 - 207,697 427,697
Additions - 55,839 15,606 71,445
At 30 April 2023 220,000 55,839 223,303 499,142
DEPRECIATION
At 1 May 2022 30,800 - 122,050 152,850
Charge for year 4,400 - 15,144 19,544
At 30 April 2023 35,200 - 137,194 172,394
NET BOOK VALUE
At 30 April 2023 184,800 55,839 86,109 326,748
At 30 April 2022 189,200 - 85,647 274,847

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,291 25,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,379 54,266
Hire purchase contracts (see note 9) - 4,484
Trade creditors 29,886 22,464
Tax 11,624 14,159
Social security and other taxes 1,851 3,015
Directors' current accounts 46,180 933
Accruals and deferred income 10,199 28,013
155,119 127,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 56,567 55,379
Bank loans - 2-5 years 292,448 348,428
349,015 403,807

Comiston Dental Limited (Registered number: SC502870)

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

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 4,484


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 404,394 458,073
Hire purchase contracts - 4,484
404,394 462,557

Santander UK PLC holds a standard security and floating charge over the whole assets of the company.

11. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 7,438 -

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mrs E A Stuart
Balance outstanding at start of year 22,085 (32,745 )
Amounts advanced 71,184 77,790
Amounts repaid (96,062 ) (22,960 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,793 ) 22,085

Comiston Dental Limited (Registered number: SC502870)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr G A M Stuart
Balance outstanding at start of year (23,017 ) (22,647 )
Amounts repaid (20,370 ) (370 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (43,387 ) (23,017 )