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REGISTERED NUMBER: SC457177 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Aone Dental Practices Limited

Aone Dental Practices Limited (Registered number: SC457177)






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

Report of the Accountants 9

Aone Dental Practices Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr Raghu Lal
Ms Sakshi Verma Lal



SECRETARY: Ms Sakshi Verma Lal



REGISTERED OFFICE: 5 Albert Street
Fraserburgh
Aberdeenshire
AB43 9JL



REGISTERED NUMBER: SC457177 (Scotland)



ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA



BANKERS: National Westminster Bank plc
262 Union Street
Aberdeen
AB10 1TP

Aone Dental Practices Limited (Registered number: SC457177)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 360,500 388,968
Tangible assets 5 287,847 324,860
648,347 713,828

CURRENT ASSETS
Stocks 14,260 15,102
Debtors 6 176,954 162,189
Cash at bank and in hand 44,637 112,363
235,851 289,654
CREDITORS
Amounts falling due within one year 7 242,167 284,242
NET CURRENT (LIABILITIES)/ASSETS (6,316 ) 5,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,031

719,240

CREDITORS
Amounts falling due after more than one
year

8

486,007

536,441
NET ASSETS 156,024 182,799

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 155,924 182,699
SHAREHOLDERS' FUNDS 156,024 182,799

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.

Aone Dental Practices Limited (Registered number: SC457177)

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 21 February 2025 and were signed on its behalf by:





Mr Raghu Lal - Director


Aone Dental Practices Limited (Registered number: SC457177)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Aone Dental Practices Limited 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
Fees receivable 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 2013, 2016 and 2018 is being amortised evenly over its estimated useful life of 20 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.
Freehold property - 2% on cost
Leasehold property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 35 (2023 - 25 ) .

Aone Dental Practices Limited (Registered number: SC457177)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 569,357
AMORTISATION
At 1 June 2023 180,389
Amortisation for year 28,468
At 31 May 2024 208,857
NET BOOK VALUE
At 31 May 2024 360,500
At 31 May 2023 388,968

5. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and
property property machinery
£    £    £   
COST
At 1 June 2023 152,017 100,000 251,208
Additions - - 3,690
At 31 May 2024 152,017 100,000 254,898
DEPRECIATION
At 1 June 2023 11,704 63,990 156,142
Charge for year 2,128 3,601 24,689
At 31 May 2024 13,832 67,591 180,831
NET BOOK VALUE
At 31 May 2024 138,185 32,409 74,067
At 31 May 2023 140,313 36,010 95,066

Aone Dental Practices Limited (Registered number: SC457177)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 19,232 113,020 13,833 649,310
Additions - - 3,592 7,282
At 31 May 2024 19,232 113,020 17,425 656,592
DEPRECIATION
At 1 June 2023 5,495 73,286 13,833 324,450
Charge for year 2,747 9,933 1,197 44,295
At 31 May 2024 8,242 83,219 15,030 368,745
NET BOOK VALUE
At 31 May 2024 10,990 29,801 2,395 287,847
At 31 May 2023 13,737 39,734 - 324,860

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 59,322 49,551
Amounts owed by group undertakings 88,816 87,457
Other debtors 5,885 5,673
Wages advance 9,700 8,550
Prepayments 13,231 10,958
176,954 162,189

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 59,586 59,586
Hire purchase contracts (see note 9) 53,289 49,104
Trade creditors 28,704 44,273
Tax 79,088 77,984
Social security and other taxes 8,296 6,903
Pension control 1,798 1,967
Other Creditor - 1,997
Directors' current accounts 943 29,929
Accrued expenses 10,463 12,499
242,167 284,242

Aone Dental Practices Limited (Registered number: SC457177)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Loan 1-2 years 62,767 62,767
Loan 2-5 years 175,760 175,760
Loan over 5 years 179,757 171,097
Bounce Back Loan 25,936 35,196
Hire purchase contracts (see note 9) 41,787 91,609
Directors' loan accounts - 12
486,007 536,441

Amounts falling due in more than five years:

Repayable by instalments
Loan over 5 years 179,757 171,097
Bounce Back Loan 25,936 35,196
205,693 206,293

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 53,289 49,104
Between one and five years 41,787 91,609
95,076 140,713

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 May 2024 and the period ended 31 May 2023:

31.5.24 31.5.23
£    £   
Mr Raghu Lal
Balance outstanding at start of year (29,929 ) (14,965 )
Amounts advanced 29,219 13,188
Amounts repaid - (28,152 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (710 ) (29,929 )

Aone Dental Practices Limited (Registered number: SC457177)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ms Sakshi Verma Lal
Balance outstanding at start of year (12 ) (18,521 )
Amounts advanced - 18,509
Amounts repaid (221 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (233 ) (12 )

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr Raghu Lal, a director throughout the current period. Mr Raghu Lal is personally interested in 50% (2023 - 50%) of the company share capital. In addition his spouse and close member of family control a further 50% (2023 - 50%) of the company's issued share capital.

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

Aone Dental Practices Limited

Report of the Accountants to the Directors of
Aone Dental Practices Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA


Date: .............................................