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REGISTERED NUMBER: SC522191 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Lothians Dental Group Ltd

Lothians Dental Group Ltd (Registered number: SC522191)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lothians Dental Group Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Dr A A Wright





SECRETARY: Dr A A Wright





REGISTERED OFFICE: Read & Watters Dental Practice
43/6 Market Street
Haddington
East Lothian
EH41 3JE





REGISTERED NUMBER: SC522191 (Scotland)





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

Lothians Dental Group Ltd (Registered number: SC522191)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 338,379 228,593
338,379 228,593

CURRENT ASSETS
Stocks 300 150
Debtors 6 650,616 678,052
Cash at bank and in hand 547,855 537,845
1,198,771 1,216,047
CREDITORS
Amounts falling due within one year 7 87,447 206,545
NET CURRENT ASSETS 1,111,324 1,009,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,449,703

1,238,095

CREDITORS
Amounts falling due after more than one
year

8

155,729

172,684
NET ASSETS 1,293,974 1,065,411

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,293,874 1,065,311
1,293,974 1,065,411

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Lothians Dental Group Ltd (Registered number: SC522191)

Balance Sheet - continued
30 June 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 5 February 2025 and were signed by:





Dr A A Wright - Director


Lothians Dental Group Ltd (Registered number: SC522191)

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

1. STATUTORY INFORMATION

Lothians Dental Group 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.

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.
Freehold property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
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.

Lothians Dental Group Ltd (Registered number: SC522191)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 286,500
AMORTISATION
At 1 July 2023
and 30 June 2024 286,500
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 270,892 142,342 58,576 30,347 502,157
Additions 123,718 33,850 29,945 399 187,912
At 30 June 2024 394,610 176,192 88,521 30,746 690,069
DEPRECIATION
At 1 July 2023 114,791 118,480 25,945 14,348 273,564
Charge for year 39,461 12,881 16,452 9,332 78,126
At 30 June 2024 154,252 131,361 42,397 23,680 351,690
NET BOOK VALUE
At 30 June 2024 240,358 44,831 46,124 7,066 338,379
At 30 June 2023 156,101 23,862 32,631 15,999 228,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 36,873 31,967
Other debtors 613,743 646,085
650,616 678,052

Lothians Dental Group Ltd (Registered number: SC522191)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 16,139 16,139
Taxation and social security 49,308 175,329
Other creditors 22,000 15,077
87,447 206,545

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 155,729 172,684

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 90,332 107,287

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Dr A A Wright
Balance outstanding at start of year 646,085 -
Amounts advanced 258,167 744,628
Amounts repaid (290,508 ) (98,543 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 613,744 646,085

The company advanced the director monies during the year. At the year end the director was due the company £613,744. Interest has been charged at an average rate of 2.25% per annum. The loan was repaid after the year end.