BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the provision of dental treatments. 29 November 2024 8 8 SC511491 2024-04-30 SC511491 2023-04-30 SC511491 2022-04-30 SC511491 2023-05-01 2024-04-30 SC511491 2022-05-01 2023-04-30 SC511491 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC511491 uk-curr:PoundSterling 2023-05-01 2024-04-30 SC511491 uk-bus:AbridgedAccounts 2023-05-01 2024-04-30 SC511491 uk-core:ShareCapital 2024-04-30 SC511491 uk-core:ShareCapital 2023-04-30 SC511491 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC511491 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC511491 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 SC511491 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 SC511491 uk-bus:FRS102 2023-05-01 2024-04-30 SC511491 uk-core:PlantMachinery 2023-05-01 2024-04-30 SC511491 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 SC511491 uk-bus:Audited 2023-05-01 2024-04-30 SC511491 uk-core:ParentEntities 2023-05-01 2024-04-30 SC511491 uk-countries:Scotland 2023-05-01 2024-04-30 SC511491 uk-bus:Director1 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
New Life Dental Limited
 
Abridged Financial Statements
 
for the financial year ended 30 April 2024



New Life Dental Limited
Company Registration Number: SC511491
ABRIDGED BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 6 56,576 42,550
───────── ─────────
 
Current Assets
Stocks 15,950 20,000
Debtors 454,179 4,139
Cash at bank and in hand 16,212 321,680
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486,341 345,819
───────── ─────────
Creditors: amounts falling due within one year (367,118) (210,314)
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Net Current Assets 119,223 135,505
───────── ─────────
Total Assets less Current Liabilities 175,799 178,055
 
Creditors:
amounts falling due after more than one year (27,671) (35,944)
 
Provisions for liabilities (11,130) 1,885
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Net Assets 136,998 143,996
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 136,996 143,994
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Shareholders' Funds 136,998 143,996
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
Approved by the Board and authorised for issue on 29 November 2024 and signed on its behalf by
           
           
________________________________          
Mr. Stuart Douglas Lutton          
Director          
           



New Life Dental Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
New Life Dental Limited is a private company limited by shares incorporated and registered in Scotland. The registered number of the company is SC511491. The registered office of the company is 3B Ormiston Terrace, Edinburgh, EH12 7SJ, Scotland. The principal place of business is 22 West Tollcross, Edinburgh, EH3 9QW, Scotland.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements cover the individual entity, New Life Dental Limited for year ended 30 April 2024. The comparative period covers the nine month period ended 30 April 2023. As such, the comparatives are not entirely comparable.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax. The company recognises revenue associated with the transaction by reference to the stage of completion of the service provided. The outcome of the transaction can be estimated reliably when the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably; and the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.
 
Intangible assets
 
Other
Intangible assets are valued at cost less accumulated amortisation and impairment. The asset has been fully depreciated.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Straight line
  Fixtures, fittings and equipment - 10% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by John MacMahon & Co..
The Auditor's Report was signed by John MacMahon (Senior Statutory Auditor) for and on behalf of John MacMahon & Co. on 29th November 2024.
 
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was as follows:
 
  2024 2023
  Number Number
 
Employees 8 8
  ═════════ ═════════
       
5. Intangible assets
  Other  
    Total
  £ £
Cost
At 1 May 2023 25,000 25,000
  ───────── ─────────
 
At 30 April 2024 25,000 25,000
  ───────── ─────────
Amortisation
 
At 30 April 2024 25,000 25,000
  ───────── ─────────
Net book value
At 30 April 2024 - -
  ═════════ ═════════
         
6. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 May 2023 237,542 116,200 353,742
Additions 6,423 24,715 31,138
  ───────── ───────── ─────────
At 30 April 2024 243,965 140,915 384,880
  ───────── ───────── ─────────
Depreciation
At 1 May 2023 232,757 78,435 311,192
Charge for the financial year 4,577 12,535 17,112
  ───────── ───────── ─────────
At 30 April 2024 237,334 90,970 328,304
  ───────── ───────── ─────────
Net book value
At 30 April 2024 6,631 49,945 56,576
  ═════════ ═════════ ═════════
At 30 April 2023 4,785 37,765 42,550
  ═════════ ═════════ ═════════
   
7. Parent company
 
The company regards Belfast Dental Implant Clinic Ltd as its parent company. The companys ultimate parent undertaking is Belfast Dental Implant Clinic Ltd. The address of Belfast Dental Implant Clinic Ltd is 3B Ormiston Terrace, Edinburgh, EH12 7SJ. Belfast Dental Implant Clinic Ltd is regarded as both the controlling party and the ultimate controlling party. Belfast Dental Implant Clinic Ltd is registered in Scotland.
 
       
8. Pension costs - defined contribution
 
The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,207 (2023: £1,452) were due to the fund. They are included in creditors: amounts falling due within one year.
       
9. Financial commitments and guarantees
 
A debenture containing a fixed and floating charge exists on behalf of borrowings of a related party company. The security also contains a negative pledge.
       
10. Related party transactions
 
In financial year ended 30 April 2024, Newlife Dental Limited received goods from a company connected by virtue of common ownership totalling £108,555. Of this amount, £20,070 remained outstanding at the year end, and are included in creditors, amounts falling due within one year.
The company also provided financing to connected companies totalling £391,606. These amounts are interest free, repayable on demand and are included in debtors.
       
11. Director's advances and guarantees
 
The director was in receipt of an advance from the company totalling £60,000 in this financial year. This is interest free and repayable on demand.
           
12. Post balance sheet events
 
On 9th May 2024, New Life Teeth Holdings Limited, a company incorporated in Northern Ireland, acquired all of the share capital of Belfast Dental Clinic Limited by way of a share for share exchange with the existing shareholders. From this date, New Life Teeth Holdings Limited is the ultimate parent company of New Life Dental Limited.