IRIS Accounts Production v24.3.2.46 SC718645 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7186452023-04-30SC7186452024-04-30SC7186452023-05-012024-04-30SC7186452022-04-30SC7186452022-05-012023-04-30SC7186452023-04-30SC718645ns15:Scotland2023-05-012024-04-30SC718645ns14:PoundSterling2023-05-012024-04-30SC718645ns10:Director12023-05-012024-04-30SC718645ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC718645ns10:SmallEntities2023-05-012024-04-30SC718645ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC718645ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC718645ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC718645ns10:FullAccounts2023-05-012024-04-30SC71864512023-05-012024-04-30SC718645ns10:RegisteredOffice2023-05-012024-04-30SC718645ns5:CurrentFinancialInstruments2024-04-30SC718645ns5:CurrentFinancialInstruments2023-04-30SC718645ns5:Non-currentFinancialInstruments2024-04-30SC718645ns5:Non-currentFinancialInstruments2023-04-30SC718645ns5:ShareCapital2024-04-30SC718645ns5:ShareCapital2023-04-30SC718645ns5:RetainedEarningsAccumulatedLosses2024-04-30SC718645ns5:RetainedEarningsAccumulatedLosses2023-04-30SC718645ns5:NetGoodwill2023-05-012024-04-30SC718645ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC718645ns5:PlantMachinery2023-05-012024-04-30SC718645ns5:ComputerEquipment2023-05-012024-04-30SC718645ns5:NetGoodwill2023-04-30SC718645ns5:NetGoodwill2024-04-30SC718645ns5:NetGoodwill2023-04-30SC718645ns5:PlantMachinery2023-04-30SC718645ns5:ComputerEquipment2023-04-30SC718645ns5:PlantMachinery2024-04-30SC718645ns5:ComputerEquipment2024-04-30SC718645ns5:PlantMachinery2023-04-30SC718645ns5:ComputerEquipment2023-04-30SC718645ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC718645ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: SC718645 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Clearwater Dental Ltd

Clearwater Dental Ltd (Registered number: SC718645)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clearwater Dental Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: E Burca





REGISTERED OFFICE: 11 High Street
Jedburgh
TD8 6AQ





REGISTERED NUMBER: SC718645 (Scotland)





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

Clearwater Dental Ltd (Registered number: SC718645)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 112,500
Tangible assets 5 7,589 9,554
107,589 122,054

CURRENT ASSETS
Stocks 1,050 1,000
Debtors 6 11,244 18,770
Cash at bank 64,949 32,057
77,243 51,827
CREDITORS
Amounts falling due within one year 7 56,805 66,294
NET CURRENT ASSETS/(LIABILITIES) 20,438 (14,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,027

107,587

CREDITORS
Amounts falling due after more than one
year

8

108,657

104,948
NET ASSETS 19,370 2,639

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,270 2,539
19,370 2,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Clearwater Dental Ltd (Registered number: SC718645)

Balance Sheet - continued
30 April 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 director and authorised for issue on 7 January 2025 and were signed by:





E Burca - Director


Clearwater Dental Ltd (Registered number: SC718645)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Clearwater 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 2022, is being amortised evenly over its estimated useful life of ten 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 - 25% 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.

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.

Clearwater Dental Ltd (Registered number: SC718645)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 125,000
AMORTISATION
At 1 May 2023 12,500
Amortisation for year 12,500
At 30 April 2024 25,000
NET BOOK VALUE
At 30 April 2024 100,000
At 30 April 2023 112,500

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023 11,383 1,054 12,437
Additions 480 345 825
At 30 April 2024 11,863 1,399 13,262
DEPRECIATION
At 1 May 2023 2,549 334 2,883
Charge for year 2,328 462 2,790
At 30 April 2024 4,877 796 5,673
NET BOOK VALUE
At 30 April 2024 6,986 603 7,589
At 30 April 2023 8,834 720 9,554

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 5,744 13,270
Other debtors 5,500 5,500
11,244 18,770

Clearwater Dental Ltd (Registered number: SC718645)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,741 13,191
Trade creditors 3,637 7,997
Taxation and social security 18,997 8,017
Other creditors 29,430 37,089
56,805 66,294

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 108,657 104,948

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 89,693 52,185

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the director £27,196.34. There are no specific repayment terms and no interest has been charged.