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REGISTERED NUMBER: SC648363 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Devine Smiles Ltd

Devine Smiles Ltd (Registered number: SC648363)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Devine Smiles Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Dr D J A Weir





REGISTERED OFFICE: 9 Cumlodden Avenue
Edinburgh
Lothian
EH12 6DR





REGISTERED NUMBER: SC648363 (Scotland)





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

Devine Smiles Ltd (Registered number: SC648363)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,518 89,815

CURRENT ASSETS
Debtors 5 89,536 -
Cash at bank 42,696 67,941
132,232 67,941
CREDITORS
Amounts falling due within one year 6 90,171 93,366
NET CURRENT ASSETS/(LIABILITIES) 42,061 (25,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,579

64,390

CREDITORS
Amounts falling due after more than one
year

7

(62,051

)

(31,738

)

PROVISIONS FOR LIABILITIES 9 (16,280 ) -
NET ASSETS 85,248 32,652

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 85,148 32,552
SHAREHOLDERS' FUNDS 85,248 32,652

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Devine Smiles Ltd (Registered number: SC648363)

Balance Sheet - continued
30 November 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 director and authorised for issue on 29 July 2024 and were signed by:





Dr D J A Weir - Director


Devine Smiles Ltd (Registered number: SC648363)

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

1. STATUTORY INFORMATION

Devine Smiles 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Dental equipment - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Devine Smiles Ltd (Registered number: SC648363)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Dental and Motor Office
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 1,918 54,600 52,570 2,857 111,945
Additions 6,657 625 60,000 5,724 73,006
At 30 November 2023 8,575 55,225 112,570 8,581 184,951
DEPRECIATION
At 1 December 2022 690 13,650 6,571 1,219 22,130
Charge for year 1,577 10,394 26,500 2,832 41,303
At 30 November 2023 2,267 24,044 33,071 4,051 63,433
NET BOOK VALUE
At 30 November 2023 6,308 31,181 79,499 4,530 121,518
At 30 November 2022 1,228 40,950 45,999 1,638 89,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 16,850 -
Directors' loan accounts 72,686 -
89,536 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 4,656 4,656
Hire purchase contracts 16,121 9,240
Tax 61,083 21,436
Other creditors 6,988 -
Directors' loan accounts - 974
Accrued expenses 1,323 57,060
90,171 93,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 17,072 21,728
Hire purchase contracts 44,979 10,010
62,051 31,738

Devine Smiles Ltd (Registered number: SC648363)

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

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,656 4,656

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,656 4,656

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,416 17,072

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 16,280 -

Deferred
tax
£   
Provided during year 16,280
Balance at 30 November 2023 16,280

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
50 Ordinary A shares 1.00 50 50
50 Ordinary B shares 1.00 50 50
100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.11.23 30.11.22
£    £   
Dr D J A Weir and Dr D J A Weir
Balance outstanding at start of year - -
Amounts advanced 222,266 -
Amounts repaid (149,580 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,686 -

Devine Smiles Ltd (Registered number: SC648363)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

During the year the company loaned the director monies. Interest has been charged at an average rate of 2.25% per annum. The loan was repaid shortly after the year end.