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REGISTERED NUMBER: SC702565 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Mubarak Dental Ltd

Mubarak Dental Ltd (Registered number: SC702565)






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


Mubarak Dental Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: F Haider





REGISTERED OFFICE: Bellevue Dental Practice
1 Bellevue Place
Edinburgh
EH7 4BS





REGISTERED NUMBER: SC702565 (Scotland)





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

Mubarak Dental Ltd (Registered number: SC702565)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 548,000 616,500
Tangible assets 5 630,222 524,609
1,178,222 1,141,109

CURRENT ASSETS
Stocks 3,000 6,000
Debtors 6 29,837 22,109
Cash at bank 85,247 97,218
118,084 125,327
CREDITORS
Amounts falling due within one year 7 375,606 247,663
NET CURRENT LIABILITIES (257,522 ) (122,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

920,700

1,018,773

CREDITORS
Amounts falling due after more than one
year

8

952,122

976,551
NET (LIABILITIES)/ASSETS (31,422 ) 42,222

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (31,522 ) 42,122
(31,422 ) 42,222

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.

Mubarak Dental Ltd (Registered number: SC702565)

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 30 January 2025 and were signed by:





F Haider - Director


Mubarak Dental Ltd (Registered number: SC702565)

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

1. STATUTORY INFORMATION

Mubarak 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 etc - 33% on cost and 20% on reducing balance

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.

Mubarak Dental Ltd (Registered number: SC702565)

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 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 685,000
AMORTISATION
At 1 May 2023 68,500
Charge for year 68,500
At 30 April 2024 137,000
NET BOOK VALUE
At 30 April 2024 548,000
At 30 April 2023 616,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 490,000 40,334 530,334
Additions - 136,262 136,262
At 30 April 2024 490,000 176,596 666,596
DEPRECIATION
At 1 May 2023 - 5,725 5,725
Charge for year - 30,649 30,649
At 30 April 2024 - 36,374 36,374
NET BOOK VALUE
At 30 April 2024 490,000 140,222 630,222
At 30 April 2023 490,000 34,609 524,609

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 29,837 22,109

Mubarak Dental Ltd (Registered number: SC702565)

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 43,996 43,996
Hire purchase contracts - 1,394
Trade creditors 55,346 5,540
Taxation and social security 10,633 21,416
Other creditors 265,631 175,317
375,606 247,663

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 952,122 976,551

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the directors £207,822 (2023: £156,334.) There are no specific repayment terms and no interest has been charged.