IRIS Accounts Production v24.3.2.46 SC352668 director 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3526682023-12-31SC3526682024-12-31SC3526682024-01-012024-12-31SC3526682022-12-31SC3526682023-01-012023-12-31SC3526682023-12-31SC352668ns15:Scotland2024-01-012024-12-31SC352668ns14:PoundSterling2024-01-012024-12-31SC352668ns10:Director12024-01-012024-12-31SC352668ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC352668ns10:SmallEntities2024-01-012024-12-31SC352668ns10:AuditExemptWithAccountantsReport2024-01-012024-12-31SC352668ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC352668ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC352668ns10:AbridgedAccounts2024-01-012024-12-31SC35266812024-01-012024-12-31SC352668ns10:RegisteredOffice2024-01-012024-12-31SC352668ns5:CurrentFinancialInstruments2024-12-31SC352668ns5:CurrentFinancialInstruments2023-12-31SC352668ns5:Non-currentFinancialInstruments2024-12-31SC352668ns5:Non-currentFinancialInstruments2023-12-31SC352668ns5:ShareCapital2024-12-31SC352668ns5:ShareCapital2023-12-31SC352668ns5:RetainedEarningsAccumulatedLosses2024-12-31SC352668ns5:RetainedEarningsAccumulatedLosses2023-12-31SC352668ns5:NetGoodwill2024-01-012024-12-31SC352668ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31SC352668ns5:WithinOneYear2024-12-31SC352668ns5:WithinOneYear2023-12-31SC352668ns5:BetweenOneFiveYears2024-12-31SC352668ns5:BetweenOneFiveYears2023-12-31SC352668ns5:AllPeriods2024-12-31SC352668ns5:AllPeriods2023-12-31















NICOLA BATTISON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






NICOLA BATTISON LIMITED (REGISTERED NUMBER: SC352668)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

NICOLA BATTISON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: Dr N Battison





REGISTERED OFFICE: 26-28 Main Street
Davidsons Mains
Edinburgh
EH4 5BY





REGISTERED NUMBER: SC352668 (Scotland)





ACCOUNTANTS: JRW Hogg & Thorburn LLP
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT

NICOLA BATTISON LIMITED (REGISTERED NUMBER: SC352668)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 50,000
Tangible assets 5 48,033 55,774
88,033 105,774

CURRENT ASSETS
Stocks 4,655 5,403
Debtors 12,058 16,212
Cash at bank and in hand 105,816 169,792
122,529 191,407
CREDITORS
Amounts falling due within one year 40,718 65,998
NET CURRENT ASSETS 81,811 125,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,844

231,183

CREDITORS
Amounts falling due after more than one
year

-

(63,013

)

PROVISIONS FOR LIABILITIES (11,273 ) (11,614 )
NET ASSETS 158,571 156,556

NICOLA BATTISON LIMITED (REGISTERED NUMBER: SC352668)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,471 156,456
158,571 156,556

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

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

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st February 2025 and were signed by:





Dr N Battison - Director


NICOLA BATTISON LIMITED (REGISTERED NUMBER: SC352668)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Nicola Battison 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.

The Directors are satisfied that the Company has sufficient cash reserves to meet all financial obligations for the foreseeable future. As a result, the Directors believe that the company will continue as a going concern and the accounts have been prepared on this basis.

Turnover
The company provides dental services. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised in the accounting period in which the goods and services are rendered and when the outcome of the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

NICOLA BATTISON LIMITED (REGISTERED NUMBER: SC352668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income and Expenditure Account.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities as payment is due within one year or less. If not they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

NICOLA BATTISON LIMITED (REGISTERED NUMBER: SC352668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2024
and 31st December 2024 200,000
AMORTISATION
At 1st January 2024 150,000
Amortisation for year 10,000
At 31st December 2024 160,000
NET BOOK VALUE

At 31st December 2024 40,000
At 31st December 2023 50,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2024 125,098
Additions 576
At 31st December 2024 125,674
DEPRECIATION
At 1st January 2024 69,324
Charge for year 8,317
At 31st December 2024 77,641
NET BOOK VALUE
At 31st December 2024 48,033
At 31st December 2023 55,774

NICOLA BATTISON LIMITED (REGISTERED NUMBER: SC352668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 12,430 12,430
Between one and five years 37,290 49,720
49,720 62,150

7. PENSION COMMITMENTS

The company operates a defined contribution scheme for employees. the assets of the scheme are held separately from those of the company. The amount of unpaid contributions at the balance sheet date amounted to £Nil (2023 - £Nil) and are included in accruals

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors loan account was not in debit at any time during the year.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NICOLA BATTISON LIMITED

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nicola Battison Limited for the year ended 31st December 2024 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Nicola Battison Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nicola Battison Limited and state those matters that we have agreed to state to the director of Nicola Battison Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Nicola Battison Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nicola Battison Limited. You consider that Nicola Battison Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nicola Battison Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JRW Hogg & Thorburn LLP
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT


21st February 2025