Registered number
SC422041
Ahmed Dental Practice UK Ltd
Filleted Accounts
30 April 2024
Ahmed Dental Practice UK Ltd
Registered number: SC422041
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 226,534 24,775
Current assets
Debtors 885,750 585,750
Cash at bank and in hand 3 231,494 197,342
1,117,244 783,092
Creditors: amounts falling due within one year 4 (138,456) (58,873)
Net current assets 978,788 724,219
Total assets less current liabilities 1,205,322 748,994
Creditors: amounts falling due after more than one year 6 (22,027) (31,878)
Net assets 1,183,295 717,116
Capital and reserves
Called up share capital 3 3
Revaluation reserve 7 79,034 (122,725)
Profit and loss account 1,104,258 839,838
Shareholders' funds 1,183,295 717,116
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr F Ahmed
Director
Approved by the board on 12 December 2024
Ahmed Dental Practice UK Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Digital
assets
£
Cost
At 1 May 2023 24,775
Revaluation 201,759
At 30 April 2024 226,534
Digital assets comprise an investment in Cryptocurrency assets. Any material gains or lossses have been transferred to the Revaluation reserve.
4 Debtors 2024 2023
£ £
Other debtors 885,750 585,750
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accrued charges 3,157 4,023
Taxation and social security costs 103,119 46,265
Director's current account 9,180 8,585
138,456 58,873
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,027 31,878
7 Revaluation reserve 2024 2023
£ £
At 1 May 2023 (122,725) -
Gain/(loss) on revaluation of digital listed assets 201,759 (122,725)
At 30 April 2024 79,034 (122,725)
8 Related party transactions 2024 2023
£ £
Ahmed F Education Ltd (SC668155)
A loan exists with Ahmed F Education Ltd, a company which is wholly owned by Ahmed Dental Practice UK Ltd and which has common directorship. The loan carries no interest charges and the loan is not repayable upon demand. 35,000 35,000
Ahmed F Holdings Ltd (SC660774)
A further loan advance was granted to Ahmed F Holdings Ltd, a company, principally trading in real estate and which is wholly owned by Ahmed Dental Practice UK Ltd and having common directorship. The loan carries no interest charges and the loan is not repayable upon demand. 550,000 250,000
Edinburgh Clinical Ltd (SC710724)
A loan exists with Edinburgh Clinical Ltd, a company trading as a dental practice and which is wholly owned by Ahmed Dental Practice UK Ltd and having common directorship. The loan carries no interest charges and the loan is not repayable upon demand. 300,750 300,750
9 Controlling party
The director, Dr F Ahmed holds a beneficial interest in the share capital of the company.
10 Other information
Ahmed Dental Practice UK Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
59 Ratcliffe Terrace
Edinburgh
EH9 1ST
Ahmed Dental Practice UK Ltd SC422041 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Dr F Ahmed No description of principal activity SC422041 2022-05-01 2023-04-30 SC422041 core:RevaluationReserve core:LandBuildings 2022-05-01 2023-04-30 SC422041 core:WithinOneYear 2023-04-30 SC422041 core:AfterOneYear 2023-04-30 SC422041 core:ShareCapital 2023-04-30 SC422041 core:OtherReservesSubtotal 2023-04-30 SC422041 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC422041 core:RevaluationReserve 2022-04-30 SC422041 2023-05-01 2024-04-30 SC422041 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC422041 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC422041 bus:Director40 2023-05-01 2024-04-30 SC422041 1 2023-05-01 2024-04-30 SC422041 2 2023-05-01 2024-04-30 SC422041 core:RevaluationReserve core:LandBuildings 2023-05-01 2024-04-30 SC422041 countries:England 2023-05-01 2024-04-30 SC422041 bus:FRS102 2023-05-01 2024-04-30 SC422041 bus:FilletedAccounts 2023-05-01 2024-04-30 SC422041 2024-04-30 SC422041 core:WithinOneYear 2024-04-30 SC422041 core:AfterOneYear 2024-04-30 SC422041 core:ShareCapital 2024-04-30 SC422041 core:OtherReservesSubtotal 2024-04-30 SC422041 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC422041 core:RevaluationsIncreaseDecreaseInInvestments 2024-04-30 SC422041 core:RevaluationReserve 2024-04-30 SC422041 2023-04-30 SC422041 core:RevaluationReserve 2023-04-30 iso4217:GBP xbrli:pure