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REGISTERED NUMBER: SC501908 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Quest Dental Ltd

Quest Dental Ltd (Registered number: SC501908)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quest Dental Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr G Bharadwaj
Mrs A Bharadwaj





REGISTERED OFFICE: 2-4 Ochilview Square
Armadale
Bathgate
West Lothian
EH48 3EP





REGISTERED NUMBER: SC501908 (Scotland)





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

Quest Dental Ltd (Registered number: SC501908)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 132,713 141,007
Tangible assets 5 276,326 122,962
409,039 263,969

CURRENT ASSETS
Stocks 5,000 -
Debtors 6 121,765 114,269
Cash at bank and in hand 36,485 36,511
163,250 150,780
CREDITORS
Amounts falling due within one year 7 115,573 142,449
NET CURRENT ASSETS 47,677 8,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,716

272,300

CREDITORS
Amounts falling due after more than one year 8 (351,920 ) (93,233 )

PROVISIONS FOR LIABILITIES (42,571 ) (23,345 )
NET ASSETS 62,225 155,722

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 62,223 155,720
SHAREHOLDERS' FUNDS 62,225 155,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Quest Dental Ltd (Registered number: SC501908)

Balance Sheet - continued
31 March 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 12 November 2024 and were signed on its behalf by:





Dr G Bharadwaj - Director


Quest Dental Ltd (Registered number: SC501908)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Quest Dental 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.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost
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.


Quest Dental Ltd (Registered number: SC501908)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 165,891
AMORTISATION
At 1 April 2023 24,884
Amortisation for year 8,294
At 31 March 2024 33,178
NET BOOK VALUE
At 31 March 2024 132,713
At 31 March 2023 141,007

Quest Dental Ltd (Registered number: SC501908)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 19,690 71,872 18,321
Additions 60,643 31,001 105,727
At 31 March 2024 80,333 102,873 124,048
DEPRECIATION
At 1 April 2023 - 34,781 11,182
Charge for year 1,607 15,431 18,608
At 31 March 2024 1,607 50,212 29,790
NET BOOK VALUE
At 31 March 2024 78,726 52,661 94,258
At 31 March 2023 19,690 37,091 7,139

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 70,171 1,170 181,224
Additions - 3,831 201,202
At 31 March 2024 70,171 5,001 382,426
DEPRECIATION
At 1 April 2023 11,909 390 58,262
Charge for year 10,525 1,667 47,838
At 31 March 2024 22,434 2,057 106,100
NET BOOK VALUE
At 31 March 2024 47,737 2,944 276,326
At 31 March 2023 58,262 780 122,962

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 45,915 39,319
Other debtors 75,850 74,950
121,765 114,269

Quest Dental Ltd (Registered number: SC501908)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 65,603 70,667
Hire purchase contracts 20,505 19,228
Trade creditors 2,832 -
Tax - 37,868
Social security and other taxes 6,345 3,079
Pension payable 600 518
Other creditors 17,386 8,756
Directors' current accounts 156 289
Accrued expenses 2,146 2,044
115,573 142,449

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 299,097 43,404
Hire purchase contracts 52,823 49,829
351,920 93,233

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary shares 1.00 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors advanced the company monies. At the year end the company was due the directors £156 (2023 - £289). There are no specific repayment terms and no interest has been charged.