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REGISTERED NUMBER: SC313864 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

QUEENS DRIVE DENTAL PRACTICE LTD

QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUEENS DRIVE DENTAL PRACTICE LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M J Skimming
Mrs C J Skimming
Ms L Wilson





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC313864 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,500 57,500
Tangible assets 5 108,407 125,557
150,907 183,057

CURRENT ASSETS
Debtors 6 81,431 83,526
Cash at bank and in hand 132,871 10,983
214,302 94,509
CREDITORS
Amounts falling due within one year 7 256,352 149,397
NET CURRENT LIABILITIES (42,050 ) (54,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,857

128,169

CREDITORS
Amounts falling due after more than one
year

8

(26,027

)

(51,259

)

PROVISIONS FOR LIABILITIES (26,754 ) (23,142 )
NET ASSETS 56,076 53,768

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,976 53,668
56,076 53,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

Balance Sheet - continued
31 MAY 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 Board of Directors and authorised for issue on 6 December 2024 and were signed on its behalf by:





M J Skimming - Director


QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Queens Drive Dental Practice 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 2007, is being amortised evenly over its estimated useful life of twenty 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.
Improvements to property - 10% on a straight line basis
Plant and machinery - 15% on a reducing balance basis
Computer equipment - 25% on a straight line basis

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.


QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 300,000
AMORTISATION
At 1 June 2023 242,500
Amortisation for year 15,000
At 31 May 2024 257,500
NET BOOK VALUE
At 31 May 2024 42,500
At 31 May 2023 57,500

QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 June 2023 2,520 271,166 27,272 300,958
Additions - 5,125 726 5,851
At 31 May 2024 2,520 276,291 27,998 306,809
DEPRECIATION
At 1 June 2023 462 164,908 10,031 175,401
Charge for year 504 16,307 6,190 23,001
At 31 May 2024 966 181,215 16,221 198,402
NET BOOK VALUE
At 31 May 2024 1,554 95,076 11,777 108,407
At 31 May 2023 2,058 106,258 17,241 125,557

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 75,829 76,442
Other debtors 5,602 7,084
81,431 83,526

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,901 24,299
Hire purchase contracts 5,232 5,232
Trade creditors 43,648 20,892
Amounts owed to associates 167,746 88,360
Taxation and social security 4,879 5,866
Other creditors 4,946 4,748
256,352 149,397

QUEENS DRIVE DENTAL PRACTICE LTD (REGISTERED NUMBER: SC313864)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 21,667 41,667
Hire purchase contracts 4,360 9,592
26,027 51,259