Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Michael Stephen Clark 30/04/2009 Pauline Taylor Clark 25/05/2007 Katrina Mary Noble Ramsay 05/10/2012 04 April 2025 The principal activity of the Company during the financial year continued to be that of a dental practice. SC324388 2024-09-30 SC324388 bus:Director1 2024-09-30 SC324388 bus:Director2 2024-09-30 SC324388 bus:Director3 2024-09-30 SC324388 2023-09-30 SC324388 core:CurrentFinancialInstruments 2024-09-30 SC324388 core:CurrentFinancialInstruments 2023-09-30 SC324388 core:Non-currentFinancialInstruments 2024-09-30 SC324388 core:Non-currentFinancialInstruments 2023-09-30 SC324388 core:ShareCapital 2024-09-30 SC324388 core:ShareCapital 2023-09-30 SC324388 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC324388 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC324388 core:Goodwill 2023-09-30 SC324388 core:Goodwill 2024-09-30 SC324388 core:LandBuildings 2023-09-30 SC324388 core:PlantMachinery 2023-09-30 SC324388 core:Vehicles 2023-09-30 SC324388 core:FurnitureFittings 2023-09-30 SC324388 core:ComputerEquipment 2023-09-30 SC324388 core:LandBuildings 2024-09-30 SC324388 core:PlantMachinery 2024-09-30 SC324388 core:Vehicles 2024-09-30 SC324388 core:FurnitureFittings 2024-09-30 SC324388 core:ComputerEquipment 2024-09-30 SC324388 2022-09-30 SC324388 bus:OrdinaryShareClass1 2024-09-30 SC324388 bus:OrdinaryShareClass2 2024-09-30 SC324388 bus:OrdinaryShareClass3 2024-09-30 SC324388 2023-10-01 2024-09-30 SC324388 bus:FilletedAccounts 2023-10-01 2024-09-30 SC324388 bus:SmallEntities 2023-10-01 2024-09-30 SC324388 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC324388 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC324388 bus:Director1 2023-10-01 2024-09-30 SC324388 bus:Director2 2023-10-01 2024-09-30 SC324388 bus:Director3 2023-10-01 2024-09-30 SC324388 core:Goodwill core:TopRangeValue 2023-10-01 2024-09-30 SC324388 core:Goodwill 2023-10-01 2024-09-30 SC324388 core:PlantMachinery core:TopRangeValue 2023-10-01 2024-09-30 SC324388 core:Vehicles 2023-10-01 2024-09-30 SC324388 core:FurnitureFittings core:TopRangeValue 2023-10-01 2024-09-30 SC324388 core:ComputerEquipment core:TopRangeValue 2023-10-01 2024-09-30 SC324388 2022-10-01 2023-09-30 SC324388 core:LandBuildings 2023-10-01 2024-09-30 SC324388 core:PlantMachinery 2023-10-01 2024-09-30 SC324388 core:FurnitureFittings 2023-10-01 2024-09-30 SC324388 core:ComputerEquipment 2023-10-01 2024-09-30 SC324388 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 SC324388 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 SC324388 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC324388 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 SC324388 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 SC324388 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 SC324388 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 SC324388 bus:OrdinaryShareClass3 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC324388 (Scotland)

CLARK DENTAL CLINIC LTD.

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

CLARK DENTAL CLINIC LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

CLARK DENTAL CLINIC LTD.

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
CLARK DENTAL CLINIC LTD.

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 63,798 72,912
Tangible assets 4 118,718 78,115
182,516 151,027
Current assets
Stocks 3,000 5,000
Debtors 5 161,657 149,224
Cash at bank and in hand 14 298
164,671 154,522
Creditors: amounts falling due within one year 6 ( 161,013) ( 136,350)
Net current assets 3,658 18,172
Total assets less current liabilities 186,174 169,199
Creditors: amounts falling due after more than one year 7 ( 182,583) ( 168,557)
Provision for liabilities 8 ( 2,954) 0
Net assets 637 642
Capital and reserves
Called-up share capital 9 1,100 1,100
Profit and loss account ( 463 ) ( 458 )
Total shareholders' funds 637 642

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Clark Dental Clinic Ltd. (registered number: SC324388) were approved and authorised for issue by the Board of Directors on 04 April 2025. They were signed on its behalf by:

Pauline Taylor Clark
Director
Michael Stephen Clark
Director
Katrina Mary Noble Ramsay
Director
CLARK DENTAL CLINIC LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
CLARK DENTAL CLINIC LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clark Dental Clinic Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael Bishops Court, 29 Albyn Place, Aberdeen, AB10 1YL, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 4 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 5 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Provisions

Deferred tax provisions are recognised when the company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 October 2023 155,640 155,640
At 30 September 2024 155,640 155,640
Accumulated amortisation
At 01 October 2023 82,728 82,728
Charge for the financial year 9,114 9,114
At 30 September 2024 91,842 91,842
Net book value
At 30 September 2024 63,798 63,798
At 30 September 2023 72,912 72,912

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 October 2023 70,499 26,846 0 30,789 4,363 132,497
Additions 7,650 0 52,148 0 0 59,798
At 30 September 2024 78,149 26,846 52,148 30,789 4,363 192,295
Accumulated depreciation
At 01 October 2023 0 26,846 0 23,173 4,363 54,382
Charge for the financial year 0 0 13,037 6,158 0 19,195
At 30 September 2024 0 26,846 13,037 29,331 4,363 73,577
Net book value
At 30 September 2024 78,149 0 39,111 1,458 0 118,718
At 30 September 2023 70,499 0 0 7,616 0 78,115

5. Debtors

2024 2023
£ £
Trade debtors 15,982 25,527
Other debtors 145,675 123,697
161,657 149,224

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 157 293
Taxation and social security 102,602 89,246
Obligations under finance leases and hire purchase contracts 5,206 0
Other creditors 53,048 46,811
161,013 136,350

Loans are secured over the related properties.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 135,418 148,309
Obligations under finance leases and hire purchase contracts 36,795 0
Other creditors 10,370 20,248
182,583 168,557

Loans are secured over the related properties.

8. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 ( 1,482)
(Charged)/credited to the Statement of Income and Retained Earnings ( 2,954) 1,482
At the end of financial year ( 2,954) 0

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 B ordinary shares of £ 1.00 each 100 100
900 A ordinary shares of £ 1.00 each 900 900
100 C ordinary shares of £ 1.00 each 100 100
1,100 1,100

10. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed from directors (116,899) (94,921)
Amounts owed to directors 26,942 19,081

During the year there were advances totalling £69,178 and repayments totalling £57,039. The balance is unsecured and has no fixed repayment terms. Interest is charged at 2.25%.