Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Kenneth William Jones 05/10/2021 15 April 2025 The principal activity of the Company during the financial year continued to be that of the provision of dental services. SC711365 2024-10-31 SC711365 bus:Director1 2024-10-31 SC711365 2023-10-31 SC711365 core:CurrentFinancialInstruments 2024-10-31 SC711365 core:CurrentFinancialInstruments 2023-10-31 SC711365 core:ShareCapital 2024-10-31 SC711365 core:ShareCapital 2023-10-31 SC711365 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC711365 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC711365 core:Goodwill 2023-10-31 SC711365 core:Goodwill 2024-10-31 SC711365 core:LandBuildings 2023-10-31 SC711365 core:PlantMachinery 2023-10-31 SC711365 core:FurnitureFittings 2023-10-31 SC711365 core:OfficeEquipment 2023-10-31 SC711365 core:LandBuildings 2024-10-31 SC711365 core:PlantMachinery 2024-10-31 SC711365 core:FurnitureFittings 2024-10-31 SC711365 core:OfficeEquipment 2024-10-31 SC711365 2022-10-31 SC711365 bus:OrdinaryShareClass1 2024-10-31 SC711365 bus:OrdinaryShareClass2 2024-10-31 SC711365 2023-11-01 2024-10-31 SC711365 bus:FilletedAccounts 2023-11-01 2024-10-31 SC711365 bus:SmallEntities 2023-11-01 2024-10-31 SC711365 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC711365 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC711365 bus:Director1 2023-11-01 2024-10-31 SC711365 core:Goodwill core:TopRangeValue 2023-11-01 2024-10-31 SC711365 core:Goodwill 2023-11-01 2024-10-31 SC711365 core:PlantMachinery 2023-11-01 2024-10-31 SC711365 core:FurnitureFittings 2023-11-01 2024-10-31 SC711365 core:OfficeEquipment 2023-11-01 2024-10-31 SC711365 2022-11-01 2023-10-31 SC711365 core:LandBuildings 2023-11-01 2024-10-31 SC711365 core:CurrentFinancialInstruments 2023-11-01 2024-10-31 SC711365 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 SC711365 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 SC711365 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 SC711365 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC711365 (Scotland)

ARDUTHIE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

ARDUTHIE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

Contents

ARDUTHIE LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2024
ARDUTHIE LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 455,000 520,000
Tangible assets 4 124,348 106,527
579,348 626,527
Current assets
Stocks 20,500 15,000
Debtors 5 33,278 34,533
Cash at bank and in hand 524,580 322,719
578,358 372,252
Creditors: amounts falling due within one year 6 ( 616,522) ( 656,047)
Net current liabilities (38,164) (283,795)
Total assets less current liabilities 541,184 342,732
Provision for liabilities 7 ( 23,830) ( 16,671)
Net assets 517,354 326,061
Capital and reserves
Called-up share capital 8 1,000 1,000
Profit and loss account 516,354 325,061
Total shareholders' funds 517,354 326,061

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Arduthie Limited (registered number: SC711365) were approved and authorised for issue by the Director on 15 April 2025. They were signed on its behalf by:

Kenneth William Jones
Director
ARDUTHIE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
ARDUTHIE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 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

Arduthie Limited (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 Arduthie Dental Practice, Kirkton Road, Stonehaven, AB39 2NQ, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 company has net current liabilities of £38,164. The directors consider it appropriate to prepare the accounts on a going concern basis. In coming to this conclusion they confirm that they will not seek repayment of their loan account and will support the company for at least twelve months from the approval of these financial statements.

Turnover

Turnover represents the amounts received for dental services and goods provided in the normal course of business.

Revenue is recognised when the company has entitlement to the income in exchange for the provision of dental services.

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.

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 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 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

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). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

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 bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 10 10

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2023 650,000 650,000
At 31 October 2024 650,000 650,000
Accumulated amortisation
At 01 November 2023 130,000 130,000
Charge for the financial year 65,000 65,000
At 31 October 2024 195,000 195,000
Net book value
At 31 October 2024 455,000 455,000
At 31 October 2023 520,000 520,000

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 November 2023 9,290 128,122 5,000 1,792 144,204
Additions 4,792 46,073 1,250 7,702 59,817
Disposals 0 ( 11,940) 0 0 ( 11,940)
At 31 October 2024 14,082 162,255 6,250 9,494 192,081
Accumulated depreciation
At 01 November 2023 0 35,210 2,188 279 37,677
Charge for the financial year 0 27,157 781 2,118 30,056
At 31 October 2024 0 62,367 2,969 2,397 67,733
Net book value
At 31 October 2024 14,082 99,888 3,281 7,097 124,348
At 31 October 2023 9,290 92,912 2,812 1,513 106,527

5. Debtors

2024 2023
£ £
Trade debtors 25,721 26,695
Corporation tax 0 3,488
Other debtors 7,557 4,350
33,278 34,533

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 20,902 11,835
Taxation and social security 78,606 50,605
Other creditors 517,014 593,607
616,522 656,047

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 16,671) ( 1,938)
Charged to the Statement of Income and Retained Earnings ( 7,159) ( 14,733)
At the end of financial year ( 23,830) ( 16,671)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100
30 B ordinary shares of £ 30.00 each 900 900
1,000 1,000

9. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts due to/(from) the directors 498,859 565,087