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REGISTERED NUMBER: SC690271 (Scotland)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Rooted Dental Care Ltd

Rooted Dental Care Ltd (Registered number: SC690271)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rooted Dental Care Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Dr N S Colquhoun
Dr A J Ward





REGISTERED OFFICE: 5 E Netherton St.
Kilmarnock
KA1 4AX





REGISTERED NUMBER: SC690271 (Scotland)





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

Rooted Dental Care Ltd (Registered number: SC690271)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 148,750 157,500
Tangible assets 5 435,247 390,596
Investments 6 20,350 -
604,347 548,096

CURRENT ASSETS
Stocks 30,000 25,000
Debtors 7 255,792 56,564
Cash at bank 87,842 163,975
373,634 245,539
CREDITORS
Amounts falling due within one year 8 247,668 207,376
NET CURRENT ASSETS 125,966 38,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,313

586,259

CREDITORS
Amounts falling due after more than one year 9 (536,175 ) (405,961 )

PROVISIONS FOR LIABILITIES 11 (51,800 ) -
NET ASSETS 142,338 180,298

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 142,238 180,198
SHAREHOLDERS' FUNDS 142,338 180,298

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

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

Rooted Dental Care Ltd (Registered number: SC690271)

Balance Sheet - continued
29 February 2024


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 28 November 2024 and were signed on its behalf by:




Dr N S Colquhoun - Director



Dr A J Ward - Director


Rooted Dental Care Ltd (Registered number: SC690271)

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

1. STATUTORY INFORMATION

Rooted 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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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.


Rooted Dental Care Ltd (Registered number: SC690271)

Notes to the Financial Statements - continued
for the Year Ended 29 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.

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 13 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 175,000
AMORTISATION
At 1 March 2023 17,500
Amortisation for year 8,750
At 29 February 2024 26,250
NET BOOK VALUE
At 29 February 2024 148,750
At 28 February 2023 157,500

Rooted Dental Care Ltd (Registered number: SC690271)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 131,400 286,323 75,733 1,209 494,665
Additions 102,043 15,570 4,232 - 121,845
At 29 February 2024 233,443 301,893 79,965 1,209 616,510
DEPRECIATION
At 1 March 2023 5,028 74,073 24,565 403 104,069
Charge for year 4,669 61,311 10,811 403 77,194
At 29 February 2024 9,697 135,384 35,376 806 181,263
NET BOOK VALUE
At 29 February 2024 223,746 166,509 44,589 403 435,247
At 28 February 2023 126,372 212,250 51,168 806 390,596

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
29.2.24 28.2.23
£    £   
No description 20,350 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 77,360 53,396
Amounts owed by group undertakings 133,944 -
Directors' current accounts 39,924 -
Prepayments 4,564 3,168
255,792 56,564

Rooted Dental Care Ltd (Registered number: SC690271)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 10) 16,439 38,564
Hire purchase contracts 36,761 32,227
Tax 130,899 72,147
Social security and other taxes 5,999 2,465
Net wages 17,235 11,384
Pension payable 1,085 577
Directors' current accounts 82 30,162
Accrued expenses 39,168 19,850
247,668 207,376

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 10) 473,778 315,842
Hire purchase contracts 62,397 90,119
536,175 405,961

10. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 16,439 38,564

Amounts falling due between two and five years:
Bank loans - 2-5 years 473,778 315,842

11. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 51,800 -

Deferred
tax
£   
Provided during year 51,800
Balance at 29 February 2024 51,800

Rooted Dental Care Ltd (Registered number: SC690271)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

29.2.24 28.2.23
£    £   
Dr N S Colquhoun
Balance outstanding at start of year (29,985 ) (91,183 )
Amounts advanced 257,889 167,488
Amounts repaid (227,985 ) (106,290 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (81 ) (29,985 )

Dr A J Ward
Balance outstanding at start of year (176 ) (63,893 )
Amounts advanced 281,295 176,436
Amounts repaid (241,195 ) (112,719 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,924 (176 )