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REGISTERED NUMBER: SC571758 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Kerr Dental Group Ltd

Kerr Dental Group Ltd (Registered number: SC571758)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kerr Dental Group Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Dr J W Kerr





SECRETARY: Dr R Kerr





REGISTERED OFFICE: Roman Court
17 Boclair Road
Bearsden
East Dunbartonshire
G61 2AF





REGISTERED NUMBER: SC571758 (Scotland)





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

Kerr Dental Group Ltd (Registered number: SC571758)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,168 102,915
Investments 5 1,174,861 1,150,861
1,308,029 1,253,776

CURRENT ASSETS
Debtors 6 330,976 212,741
Cash at bank 193,751 248,034
524,727 460,775
CREDITORS
Amounts falling due within one year 7 117,807 114,278
NET CURRENT ASSETS 406,920 346,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,714,949

1,600,273

CREDITORS
Amounts falling due after more than one
year

8

(585,733

)

(592,871

)

PROVISIONS FOR LIABILITIES 10 (3,290 ) (6,923 )
NET ASSETS 1,125,926 1,000,479

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,125,826 1,000,379
SHAREHOLDERS' FUNDS 1,125,926 1,000,479

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Kerr Dental Group Ltd (Registered number: SC571758)

Balance Sheet - continued
31 July 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 director and authorised for issue on 13 March 2025 and were signed by:





Dr J W Kerr - Director


Kerr Dental Group Ltd (Registered number: SC571758)

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

1. STATUTORY INFORMATION

Kerr 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 8 years

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.

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 NIL (2023 - 1 ).

Kerr Dental Group Ltd (Registered number: SC571758)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 19,875 91,735 8,244 119,854
Additions (3,600 ) 61,890 - 58,290
At 31 July 2024 16,275 153,625 8,244 178,144
DEPRECIATION
At 1 August 2023 5,388 5,733 5,818 16,939
Charge for year 2,609 24,080 1,348 28,037
At 31 July 2024 7,997 29,813 7,166 44,976
NET BOOK VALUE
At 31 July 2024 8,278 123,812 1,078 133,168
At 31 July 2023 14,487 86,002 2,426 102,915

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023 1,150,861
Additions 24,000
At 31 July 2024 1,174,861
NET BOOK VALUE
At 31 July 2024 1,174,861
At 31 July 2023 1,150,861

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 34,190 18,903
Other debtors 1 -
Other debtors 257,777 155,354
Directors' current accounts 39,008 38,484
330,976 212,741

Kerr Dental Group Ltd (Registered number: SC571758)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 9) 57,392 55,207
Hire purchase contracts 22,991 8,767
Tax 36,208 42,633
Social security and other taxes (587 ) (596 )
Net wages 1,001 1,010
Accrued expenses 802 7,257
117,807 114,278

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 9) 475,595 514,900
Hire purchase contracts 110,138 77,971
585,733 592,871

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 239,684 294,072

9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 57,392 55,207

Amounts falling due between one and two years:
Bank loans - 1-2 years 58,331 55,207

Amounts falling due between two and five years:
Bank loans - 2-5 years 177,580 165,621

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 239,684 294,072

10. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 3,290 6,923

Kerr Dental Group Ltd (Registered number: SC571758)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 6,923
Provided during year (3,633 )
Balance at 31 July 2024 3,290

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100