REGISTERED NUMBER: SC734509 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Vanguard Dental Holdings LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A A Jeffcoate

REGISTERED OFFICE:

565 Dumbarton Road

Dalmuir

Clydebank

G81 4DL

REGISTERED NUMBER:

SC734509 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

425,600

219,600

Tangible assets

5

523,787

123,330

949,387

342,930

CURRENT ASSETS

Stocks

5,000

11,000

Debtors

6

47,185

24,980

Cash at bank

10,876

68,774

63,061

104,754

CREDITORS

Amounts falling due within one year

7

133,889

86,870

NET CURRENT (LIABILITIES)/ASSETS

(70,828

)

17,884

TOTAL ASSETS LESS CURRENT LIABILITIES

878,559

360,814

CREDITORS

Amounts falling due after more than one year

8

769,873

312,972

NET ASSETS

108,686

47,842

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

108,586

47,742

108,686

47,842

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

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

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 director and authorised for issue on 2 May 2025 and were signed by:

A A Jeffcoate - Director

1.	STATUTORY INFORMATION

Vanguard Dental Holdings 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 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

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer 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.

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 7 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2023

244,000

Additions

256,000

At 31 August 2024

500,000

AMORTISATION

At 1 September 2023

24,400

Amortisation for year

50,000

At 31 August 2024

74,400

NET BOOK VALUE

At 31 August 2024

425,600

At 31 August 2023

219,600

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 September 2023

70,020

49,209

15,713

140

135,082

Additions

325,654

78,389

33,262

6,543

443,848

At 31 August 2024

395,674

127,598

48,975

6,683

578,930

DEPRECIATION

At 1 September 2023

1,400

7,977

2,348

27

11,752

Charge for year

7,914

23,924

9,325

2,228

43,391

At 31 August 2024

9,314

31,901

11,673

2,255

55,143

NET BOOK VALUE

At 31 August 2024

386,360

95,697

37,302

4,428

523,787

At 31 August 2023

68,620

41,232

13,365

113

123,330

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

47,185

24,980

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

32,629

28,786

Hire purchase contracts

22,931

-

Trade creditors

691

4,468

Taxation and social security

45,155

31,285

Other creditors

32,483

22,331

133,889

86,870

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans

712,148

312,972

Hire purchase contracts

57,725

-

769,873

312,972

9.

RESERVES

Retained

earnings

£

At 1 September 2023

47,742

Profit for the year

250,934

Dividends

(190,090

)

At 31 August 2024

108,586

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the director £413 (2023 £146). There are no specific repayment terms and no interest has been charged.