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REGISTERED NUMBER: SC693285 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Livingston Dental Care Ltd

Livingston Dental Care Ltd (Registered number: SC693285)






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


Livingston Dental Care Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Dr J E Clydesdale
Dr F Clydesdale





REGISTERED OFFICE: 31 Park Road
Dalkeith
Midlothian
EH22 3DH





REGISTERED NUMBER: SC693285 (Scotland)





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

Livingston Dental Care Ltd (Registered number: SC693285)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 386,640 408,120
Tangible assets 5 56,406 62,929
443,046 471,049

CURRENT ASSETS
Stocks 10,000 8,975
Debtors 6 23,832 29,194
Cash at bank 497,959 503,519
531,791 541,688
CREDITORS
Amounts falling due within one year 7 332,100 484,931
NET CURRENT ASSETS 199,691 56,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,737

527,806

CREDITORS
Amounts falling due after more than one year 8 (300,393 ) (330,111 )

PROVISIONS FOR LIABILITIES (14,230 ) (13,215 )
NET ASSETS 328,114 184,480

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 328,014 184,380
SHAREHOLDERS' FUNDS 328,114 184,480

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.

Livingston Dental Care Ltd (Registered number: SC693285)

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 30 July 2024 and were signed on its behalf by:





Dr J E Clydesdale - Director


Livingston Dental Care Ltd (Registered number: SC693285)

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

1. STATUTORY INFORMATION

Livingston 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 2021, 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
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.


Livingston Dental Care Ltd (Registered number: SC693285)

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

2. ACCOUNTING POLICIES - continued
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.

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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 429,600
AMORTISATION
At 1 August 2022 21,480
Amortisation for year 21,480
At 31 July 2023 42,960
NET BOOK VALUE
At 31 July 2023 386,640
At 31 July 2022 408,120

Livingston Dental Care Ltd (Registered number: SC693285)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 - 41,814 26,868 - 68,682
Additions 525 2,016 - 1,991 4,532
At 31 July 2023 525 43,830 26,868 1,991 73,214
DEPRECIATION
At 1 August 2022 - 5,305 448 - 5,753
Charge for year 11 5,525 5,284 235 11,055
At 31 July 2023 11 10,830 5,732 235 16,808
NET BOOK VALUE
At 31 July 2023 514 33,000 21,136 1,756 56,406
At 31 July 2022 - 36,509 26,420 - 62,929

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 23,299 27,967
Prepayments 533 1,227
23,832 29,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 30,393 33,278
Trade creditors 17,340 14,711
Tax 50,044 47,779
Pension creditor 609 472
Credit card 20,702 25,248
Directors' loan accounts 210,312 360,506
Accrued expenses 2,700 2,937
332,100 484,931

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 300,393 330,111

Livingston Dental Care Ltd (Registered number: SC693285)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
50 Ordinary A Shares 1.00 50 50
50 Ordinary B Shares 1.00 50 50
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the directors £217,542. There are no specific repayment terms and no interest has been charged.