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REGISTERED NUMBER: SC528167 (Scotland)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

Maxillofacial And Cosmetic Surgery
Limited

Maxillofacial And Cosmetic Surgery
Limited (Registered number: SC528167)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Maxillofacial And Cosmetic Surgery
Limited (Registered number: SC528167)

Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,846 9,314

CURRENT ASSETS
Debtors 5 109,413 33,333
Cash at bank 83,203 62,790
192,616 96,123
CREDITORS
Amounts falling due within one year 6 58,301 25,501
NET CURRENT ASSETS 134,315 70,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,161

79,936

PROVISIONS FOR LIABILITIES 1,686 1,770
NET ASSETS 141,475 78,166

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 141,474 78,165
SHAREHOLDERS' FUNDS 141,475 78,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th November 2024 and were signed on its behalf by:




Dr H Billington - Director


Maxillofacial And Cosmetic Surgery
Limited (Registered number: SC528167)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. COMPANY INFORMATION

Maxillofacial And Cosmetic Surgery Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC528167

Registered office: 272 Bath Street
Glasgow
G2 4JR

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.

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

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation,
net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values
over their useful lives on the following basis:

Computer equipments - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Maxillofacial And Cosmetic Surgery
Limited (Registered number: SC528167)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st March 2023 12,484
Additions 3,070
At 29th February 2024 15,554
DEPRECIATION
At 1st March 2023 3,170
Charge for year 3,538
At 29th February 2024 6,708
NET BOOK VALUE
At 29th February 2024 8,846
At 28th February 2023 9,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
S455 recoverable 27,609 -
Directors' current accounts 81,804 33,333
109,413 33,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 55,795 23,137
Accrued expenses 2,506 2,364
58,301 25,501

Maxillofacial And Cosmetic Surgery
Limited (Registered number: SC528167)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

The Ordinary Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

29.2.24 28.2.23
£    £   
Dr H Billington
Balance outstanding at start of year 33,333 (17,053 )
Amounts advanced 96,735 96,255
Amounts repaid (48,264 ) (45,869 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 81,804 33,333

The loan is repayable on demand and interest of £1,995.23 was charged at the official HMRC rate of 2.5% during the year.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H Billington by virtue of holding 100% of voting share capital.