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REGISTERED NUMBER: SC755071















SVS DENTAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 JANUARY 2023 TO 30 JUNE 2024






SVS DENTAL LIMITED (REGISTERED NUMBER: SC755071)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 JANUARY 2023 TO 30 JUNE 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


SVS DENTAL LIMITED (REGISTERED NUMBER: SC755071)

BALANCE SHEET
30 JUNE 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 866,550
Tangible assets 5 98,073
964,623

CURRENT ASSETS
Stocks 5,000
Debtors 6 40,522
45,522
CREDITORS
Amounts falling due within one year 7 272,873
NET CURRENT LIABILITIES (227,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,272

CREDITORS
Amounts falling due after more than one year 8 (676,883 )

PROVISIONS FOR LIABILITIES (24,518 )
NET ASSETS 35,871

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 35,771
SHAREHOLDERS' FUNDS 35,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

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

SVS DENTAL LIMITED (REGISTERED NUMBER: SC755071)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:





V P Pawar - Director


SVS DENTAL LIMITED (REGISTERED NUMBER: SC755071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 JANUARY 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

SVS Dental Limited is a private company, limited by shares, registered in Scotland. The registered office is 35 Warrender Park Road, Edinburgh, Scotland, EH9 1HJ.

The financial statements are presented in 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.

Significant judgements and estimates
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there are no such significant judgements.

Turnover
Turnover represents the invoice value of goods and services rendered in the year, excluding value added tax. The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the goods and services have been passed to the buyer.

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.

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.
Plant and machinery etc - 33.3% on cost, 25% on reducing balance and 20% on reducing balance

Tangible fixed assets are included at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill, plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

SVS DENTAL LIMITED (REGISTERED NUMBER: SC755071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 JANUARY 2023 TO 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank loans and loans from related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand and cash at bank.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SVS DENTAL LIMITED (REGISTERED NUMBER: SC755071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 JANUARY 2023 TO 30 JUNE 2024

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 8 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 980,990
At 30 June 2024 980,990
AMORTISATION
Charge for period 114,440
At 30 June 2024 114,440
NET BOOK VALUE
At 30 June 2024 866,550

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 126,760
At 30 June 2024 126,760
DEPRECIATION
Charge for period 28,687
At 30 June 2024 28,687
NET BOOK VALUE
At 30 June 2024 98,073

At the balance sheet date the net book value of assets held under hire purchase and finance lease agreements amounted to £58,746.

SVS DENTAL LIMITED (REGISTERED NUMBER: SC755071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 JANUARY 2023 TO 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 38,022
Other debtors 2,500
40,522

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 77,865
Hire purchase contracts 17,126
Taxation and social security 26,978
Other creditors 150,904
272,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 631,177
Hire purchase contracts 45,706
676,883

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 320,492

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank overdraft 2,719
Bank loans 706,323
Hire purchase contracts 62,832
771,874

The bank borrowings were secured by a bond and floating charge over the whole of the company's property and undertaking.

Hire purchase obligations are secured over the assets to which the contracts relate.

10. LEASE COMMITMENTS

At the balance sheet date the company had commitments amounting to £112,500 under non-cancellable operating leases.

SVS DENTAL LIMITED (REGISTERED NUMBER: SC755071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 JANUARY 2023 TO 30 JUNE 2024

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £150,047 to the directors. The amount was unsecured, interest free and has no fixed terms of repayment.

The directors have given personal guarantees against the company's bank borrowings.