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REGISTERED NUMBER: SC754830 (Scotland)














Unaudited Financial Statements

for the Period 10 January 2023 to 30 November 2023

for

Ferry Smile Studios Ltd

Ferry Smile Studios Ltd (Registered number: SC754830)






Contents of the Financial Statements
for the Period 10 January 2023 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ferry Smile Studios Ltd

Company Information
for the Period 10 January 2023 to 30 November 2023







DIRECTORS: Dr. D S K Kalsi
Dr. N Sharma





REGISTERED OFFICE: Cornerstone House
Station Road
Hawick
TD7 5DJ





REGISTERED NUMBER: SC754830 (Scotland)





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

Ferry Smile Studios Ltd (Registered number: SC754830)

Balance Sheet
30 November 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 680,985
Tangible assets 5 71,029
752,014

CURRENT ASSETS
Stocks 1,500
Debtors 6 67,802
Cash at bank 5,773
75,075
CREDITORS
Amounts falling due within one year 7 163,401
NET CURRENT LIABILITIES (88,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

663,688

CREDITORS
Amounts falling due after more than one year 8 661,898
NET ASSETS 1,790

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings 1,690
SHAREHOLDERS' FUNDS 1,790

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

Ferry Smile Studios Ltd (Registered number: SC754830)

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 Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:





Dr. D S K Kalsi - Director


Ferry Smile Studios Ltd (Registered number: SC754830)

Notes to the Financial Statements
for the Period 10 January 2023 to 30 November 2023

1. STATUTORY INFORMATION

Ferry Smile Studios 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 2023, 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 - 25% on reducing balance
Fixtures and fittings - 25% 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 period 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 period 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.

Ferry Smile Studios Ltd (Registered number: SC754830)

Notes to the Financial Statements - continued
for the Period 10 January 2023 to 30 November 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 period was 13 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 756,650
At 30 November 2023 756,650
AMORTISATION
Amortisation for period 75,665
At 30 November 2023 75,665
NET BOOK VALUE
At 30 November 2023 680,985

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Additions 93,350 430 1,038 94,818
At 30 November 2023 93,350 430 1,038 94,818
DEPRECIATION
Charge for period 23,338 108 343 23,789
At 30 November 2023 23,338 108 343 23,789
NET BOOK VALUE
At 30 November 2023 70,012 322 695 71,029

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 37,268
Amounts owed by group undertakings 30,534
67,802

Ferry Smile Studios Ltd (Registered number: SC754830)

Notes to the Financial Statements - continued
for the Period 10 January 2023 to 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts (see note 9) 8,855
Trade creditors 8,633
Amounts owed to group undertakings 49,300
Social security and other taxes 16,568
Net Wages 5,020
Pension 721
Other creditors 70,000
Directors' current accounts 524
Accrued expenses 3,780
163,401

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans (see note 9) 593,884
Deferred income 68,014
661,898

9. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Bank loans 8,855

Amounts falling due between one and two years:
Bank loans - 1-2 years 593,884

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50 Ordinary Shares 1 50
50 Ordinary Shares 1 50
100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the directors £524. There are no specific repayment terms and no interest
has been charged.