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REGISTERED NUMBER: SC486179 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Edinburgh Dental Ltd

Edinburgh Dental Ltd (Registered number: SC486179)






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


Edinburgh Dental Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P Bloch
Dr M Soltani





REGISTERED OFFICE: 4 Great Stuart Street
EDINBURGH
EH3 6AW





REGISTERED NUMBER: SC486179 (Scotland)





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

Edinburgh Dental Ltd (Registered number: SC486179)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 85,293 92,401
Tangible assets 5 308,457 284,645
393,750 377,046

CURRENT ASSETS
Stocks 8,155 8,155
Debtors 6 39,795 48,335
Cash at bank 2,059,123 1,706,054
2,107,073 1,762,544
CREDITORS
Amounts falling due within one year 7 150,099 146,153
NET CURRENT ASSETS 1,956,974 1,616,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,350,724

1,993,437

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,350,624 1,993,337
SHAREHOLDERS' FUNDS 2,350,724 1,993,437

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.

Edinburgh Dental Ltd (Registered number: SC486179)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




Dr M Soltani - Director



P Bloch - Director


Edinburgh Dental Ltd (Registered number: SC486179)

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

1. STATUTORY INFORMATION

Edinburgh 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 amounts paid in connection with the acquisition of businesses in 2015 & 2016, is being amortised evenly over its estimated useful life of 2-20 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 - Straight line over 20 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
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.

Edinburgh Dental Ltd (Registered number: SC486179)

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

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 557,983
AMORTISATION
At 1 June 2023 465,582
Charge for year 7,108
At 31 May 2024 472,690
NET BOOK VALUE
At 31 May 2024 85,293
At 31 May 2023 92,401

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 305,190 63,247 20,918 16,995 406,350
Additions 36,431 4,090 7,464 2,358 50,343
At 31 May 2024 341,621 67,337 28,382 19,353 456,693
DEPRECIATION
At 1 June 2023 63,777 39,696 3,922 14,310 121,705
Charge for year 15,332 4,146 3,669 3,384 26,531
At 31 May 2024 79,109 43,842 7,591 17,694 148,236
NET BOOK VALUE
At 31 May 2024 262,512 23,495 20,791 1,659 308,457
At 31 May 2023 241,413 23,551 16,996 2,685 284,645

Edinburgh Dental Ltd (Registered number: SC486179)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 32,090 39,751
Other debtors 7,705 8,584
39,795 48,335

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 3,044 6,470
Taxation and social security 128,652 101,779
Other creditors 18,403 37,904
150,099 146,153

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
51 Ordinary £1 51 51
49 Ordinary A £1 49 49
100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 1,993,337
Profit for the year 389,787
Dividends (32,500 )
At 31 May 2024 2,350,624

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
Dr M Soltani and P Bloch
Balance outstanding at start of year (7,587 ) (68,150 )
Amounts advanced (224,358 ) (178,102 )
Amounts repaid 225,089 238,665
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,856 ) (7,587 )