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REGISTERED NUMBER: SC707105 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Shanks Dental Care Ltd

Shanks Dental Care Ltd (Registered number: SC707105)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Shanks Dental Care Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Dr N R C Shanks
Dr A M S Shanks





REGISTERED OFFICE: 55 Captain's Road
Edinburgh
Lothian
EH17 8HP





REGISTERED NUMBER: SC707105 (Scotland)





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

Shanks Dental Care Ltd (Registered number: SC707105)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 573,746 607,495
Tangible assets 5 407,403 392,573
981,149 1,000,068

CURRENT ASSETS
Stocks 12,500 12,500
Debtors 6 162,212 129,591
Cash at bank and in hand 40,992 57,235
215,704 199,326
CREDITORS
Amounts falling due within one year 7 150,199 113,680
NET CURRENT ASSETS 65,505 85,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,046,654

1,085,714

CREDITORS
Amounts falling due after more than one
year

8

(640,690

)

(658,023

)

PROVISIONS FOR LIABILITIES (20,942 ) (17,235 )
NET ASSETS 385,022 410,456

CAPITAL AND RESERVES
Called up share capital 9 325,100 325,100
Retained earnings 59,922 85,356
SHAREHOLDERS' FUNDS 385,022 410,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Shanks Dental Care Ltd (Registered number: SC707105)

Statement of Financial Position - continued
30 November 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 2 April 2025 and were signed on its behalf by:





Dr N R C Shanks - Director


Shanks Dental Care Ltd (Registered number: SC707105)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Shanks Dental Care 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 amount paid in connection with the acquisition of a business in 2021, 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.
Freehold property - Not depreciated
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office 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 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.

Shanks Dental Care Ltd (Registered number: SC707105)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 15 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 674,995
AMORTISATION
At 1 December 2023 67,500
Amortisation for year 33,749
At 30 November 2024 101,249
NET BOOK VALUE
At 30 November 2024 573,746
At 30 November 2023 607,495

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 323,635 30,112 7,084
Buildings additions - 38,962 -
At 30 November 2024 323,635 69,074 7,084
DEPRECIATION
At 1 December 2023 - 11,474 1,401
Charge for year - 14,400 852
At 30 November 2024 - 25,874 2,253
NET BOOK VALUE
At 30 November 2024 323,635 43,200 4,831
At 30 November 2023 323,635 18,638 5,683

Shanks Dental Care Ltd (Registered number: SC707105)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 54,090 6,815 421,736
Buildings additions - 5,297 44,259
At 30 November 2024 54,090 12,112 465,995
DEPRECIATION
At 1 December 2023 13,523 2,765 29,163
Charge for year 10,141 4,036 29,429
At 30 November 2024 23,664 6,801 58,592
NET BOOK VALUE
At 30 November 2024 30,426 5,311 407,403
At 30 November 2023 40,567 4,050 392,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 43,723 51,234
Directors' current accounts 118,189 72,290
Prepayments 300 6,067
162,212 129,591

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 30,882 30,000
Hire purchase contracts 15,997 6,506
Trade creditors 9,858 7,052
Tax 56,629 28,135
Social security and other taxes 3,853 3,504
Pension 864 633
Accruals and deferred income 22,116 30,863
Accrued expenses 10,000 6,987
150,199 113,680

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans > 1 year 581,805 619,524
Hire purchase contracts 58,885 38,499
640,690 658,023

Shanks Dental Care Ltd (Registered number: SC707105)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
325,050 Ordinary A £1 325,050 325,050
50 Ordinary B £1 50 50
325,100 325,100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
Dr N R C Shanks and Dr A M S Shanks
Balance outstanding at start of year 72,290 57,227
Amounts advanced 219,679 141,563
Amounts repaid (173,780 ) (126,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 118,189 72,290

During the year the company advanced the directors monies. At the year end the directors were due the company £118,189 (2023 - £72,290). Interest has been charged at 2.25% per annum. The loan was repaid after the year end.