Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mrs Andrea Fowler 25/04/2013 Mr Mark Fowler 25/04/2013 15 January 2025 The principal activity of the Company during the financial year continued to be that of a dental practice. SC448553 2024-05-31 SC448553 bus:Director1 2024-05-31 SC448553 bus:Director2 2024-05-31 SC448553 2023-05-31 SC448553 core:CurrentFinancialInstruments 2024-05-31 SC448553 core:CurrentFinancialInstruments 2023-05-31 SC448553 core:Non-currentFinancialInstruments 2024-05-31 SC448553 core:Non-currentFinancialInstruments 2023-05-31 SC448553 core:ShareCapital 2024-05-31 SC448553 core:ShareCapital 2023-05-31 SC448553 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC448553 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC448553 core:Goodwill 2023-05-31 SC448553 core:Goodwill 2024-05-31 SC448553 core:PlantMachinery 2023-05-31 SC448553 core:Vehicles 2023-05-31 SC448553 core:FurnitureFittings 2023-05-31 SC448553 core:OfficeEquipment 2023-05-31 SC448553 core:PlantMachinery 2024-05-31 SC448553 core:Vehicles 2024-05-31 SC448553 core:FurnitureFittings 2024-05-31 SC448553 core:OfficeEquipment 2024-05-31 SC448553 core:CurrentFinancialInstruments core:Secured 2024-05-31 SC448553 bus:OrdinaryShareClass1 2024-05-31 SC448553 2023-06-01 2024-05-31 SC448553 bus:FilletedAccounts 2023-06-01 2024-05-31 SC448553 bus:SmallEntities 2023-06-01 2024-05-31 SC448553 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC448553 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC448553 bus:Director1 2023-06-01 2024-05-31 SC448553 bus:Director2 2023-06-01 2024-05-31 SC448553 core:Goodwill core:TopRangeValue 2023-06-01 2024-05-31 SC448553 core:Goodwill 2023-06-01 2024-05-31 SC448553 core:PlantMachinery 2023-06-01 2024-05-31 SC448553 core:Vehicles 2023-06-01 2024-05-31 SC448553 core:FurnitureFittings 2023-06-01 2024-05-31 SC448553 core:OfficeEquipment 2023-06-01 2024-05-31 SC448553 2022-06-01 2023-05-31 SC448553 core:CurrentFinancialInstruments 2023-06-01 2024-05-31 SC448553 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 SC448553 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC448553 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC448553 (Scotland)

TREVONE ORAL HEALTH CARE LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

TREVONE ORAL HEALTH CARE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

TREVONE ORAL HEALTH CARE LTD

BALANCE SHEET

AS AT 31 MAY 2024
TREVONE ORAL HEALTH CARE LTD

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 77,237 60,603
Investment property 5 446,609 446,609
523,846 507,212
Current assets
Stocks 6 5,013 4,928
Debtors 7 124,963 68,279
Cash at bank and in hand 192,890 122,639
322,866 195,846
Creditors: amounts falling due within one year 8 ( 170,952) ( 136,515)
Net current assets 151,914 59,331
Total assets less current liabilities 675,760 566,543
Creditors: amounts falling due after more than one year 9 ( 68,365) ( 138,895)
Provision for liabilities ( 14,408) ( 15,151)
Net assets 592,987 412,497
Capital and reserves
Called-up share capital 10 100 100
Profit and loss account 592,887 412,397
Total shareholders' funds 592,987 412,497

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Trevone Oral Health Care Ltd (registered number: SC448553) were approved and authorised for issue by the Board of Directors on 15 January 2025. They were signed on its behalf by:

Mr Mark Fowler
Director
TREVONE ORAL HEALTH CARE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
TREVONE ORAL HEALTH CARE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trevone Oral Health Care Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 3 Garscube Mill Maryhill Road, Bearsden, Glasgow, G61 1QR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for dental work and services provided in the normal course of business.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 9

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 June 2023 520,000 520,000
At 31 May 2024 520,000 520,000
Accumulated amortisation
At 01 June 2023 520,000 520,000
At 31 May 2024 520,000 520,000
Net book value
At 31 May 2024 0 0
At 31 May 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 June 2023 76,734 59,240 6,107 25,154 167,235
Additions 13,344 23,899 1,111 650 39,004
At 31 May 2024 90,078 83,139 7,218 25,804 206,239
Accumulated depreciation
At 01 June 2023 51,647 34,248 1,885 18,852 106,632
Charge for the financial year 7,384 12,223 1,079 1,684 22,370
At 31 May 2024 59,031 46,471 2,964 20,536 129,002
Net book value
At 31 May 2024 31,047 36,668 4,254 5,268 77,237
At 31 May 2023 25,087 24,992 4,222 6,302 60,603

5. Investment property

Investment property
£
Valuation
As at 01 June 2023 446,609
As at 31 May 2024 446,609

6. Stocks

2024 2023
£ £
Stocks 5,013 4,928

7. Debtors

2024 2023
£ £
Trade debtors 74,879 67,540
Other debtors 50,084 739
124,963 68,279

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 12,507 12,307
Trade creditors 38,294 42,558
Corporation tax 107,573 70,625
Other taxation and social security 2,306 1,625
Obligations under finance leases and hire purchase contracts 0 577
Other creditors 10,272 8,823
170,952 136,515

Bank of Scotland PLC hold a bond and floating charge over the whole assets of the company including the investment property.

9. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 68,365 138,895

Bank of Scotland PLC hold a bond and floating charge over the whole assets of the company including the investment property.

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

11. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed by/(to) key management personnel 46,173 (170)

This loan is unsecured, interest free and repayable on demand.