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REGISTERED NUMBER: SC715963 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Moffat Dental Practice Ltd

Moffat Dental Practice Ltd (Registered number: SC715963)






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


Moffat Dental Practice Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: C Drummond
Ms L P Petrova





REGISTERED OFFICE: Causeway Street
Moffat
DG10 9DN





REGISTERED NUMBER: SC715963 (Scotland)





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

Moffat Dental Practice Ltd (Registered number: SC715963)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 67,340 75,758
Tangible assets 5 125,898 76,310
193,238 152,068

CURRENT ASSETS
Stocks 5,000 2,500
Debtors 6 17,375 9,023
Cash at bank 126,801 59,368
149,176 70,891
CREDITORS
Amounts falling due within one year 7 163,137 65,578
NET CURRENT (LIABILITIES)/ASSETS (13,961 ) 5,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,277

157,381

CREDITORS
Amounts falling due after more than one
year

8

(85,913

)

(96,521

)

PROVISIONS FOR LIABILITIES 10 (32,018 ) (19,078 )
NET ASSETS 61,346 41,782

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 61,246 41,682
SHAREHOLDERS' FUNDS 61,346 41,782

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 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.

Moffat Dental Practice Ltd (Registered number: SC715963)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




C Drummond - Director



Ms L P Petrova - Director


Moffat Dental Practice Ltd (Registered number: SC715963)

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

1. STATUTORY INFORMATION

Moffat Dental Practice 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 2022, is being amortised evenly over its estimated useful life of ten 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.
Dental equipment - 25% on reducing balance
Fixtures and fittings - 25% 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 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.

Moffat Dental Practice Ltd (Registered number: SC715963)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 84,175
AMORTISATION
At 1 August 2023 8,417
Amortisation for year 8,418
At 31 July 2024 16,835
NET BOOK VALUE
At 31 July 2024 67,340
At 31 July 2023 75,758

5. TANGIBLE FIXED ASSETS
Fixtures
Dental and Motor Office
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 39,423 4,321 42,495 5,533 91,772
Additions 33,156 50,950 - 9,512 93,618
At 31 July 2024 72,579 55,271 42,495 15,045 185,390
DEPRECIATION
At 1 August 2023 9,488 809 3,984 1,181 15,462
Charge for year 15,773 13,615 9,628 5,014 44,030
At 31 July 2024 25,261 14,424 13,612 6,195 59,492
NET BOOK VALUE
At 31 July 2024 47,318 40,847 28,883 8,850 125,898
At 31 July 2023 29,935 3,512 38,511 4,352 76,310

Moffat Dental Practice Ltd (Registered number: SC715963)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 15,840 7,716
Prepayments 1,535 1,307
17,375 9,023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 9) 2,991 2,773
Other loans (see note 9) 6,000 6,000
Trade creditors 37,488 -
Tax 29,149 9,856
Social security and other taxes 1,160 584
Pension 283 171
Other creditors 6,814 4,444
Directors' current accounts 76,508 40,895
Accrued expenses 2,744 855
163,137 65,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 9) 70,286 74,894
Other loans (see note 9) 15,627 21,627
85,913 96,521

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 2,991 2,773
Other loans 6,000 6,000
8,991 8,773

Amounts falling due between one and two years:
Other loans - 1-2 years 15,627 21,627

Amounts falling due between two and five years:
Bank loans - 2-5 years 70,286 74,894

Moffat Dental Practice Ltd (Registered number: SC715963)

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

10. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 32,018 19,078

Deferred
tax
£   
Balance at 1 August 2023 19,078
Provided during year 12,940
Balance at 31 July 2024 32,018

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
50 Ordinary A shares 1.00 50 50
50 Ordinary B shares 1.00 50 50
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors advanced the company monies. At the year end the company was due the directors £76,507 (£40,896 2023). No interest has been charged and there are no specific repayment terms.