IRIS Accounts Production v24.3.2.46 SC682449 director 1.12.23 30.11.24 30.11.24 false true false false false true false Ordinary 1.00000 Ordinary A Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6824492023-11-30SC6824492024-11-30SC6824492023-12-012024-11-30SC6824492022-11-30SC6824492022-12-012023-11-30SC6824492023-11-30SC682449ns15:Scotland2023-12-012024-11-30SC682449ns14:PoundSterling2023-12-012024-11-30SC682449ns10:Director12023-12-012024-11-30SC682449ns10:PrivateLimitedCompanyLtd2023-12-012024-11-30SC682449ns10:SmallEntities2023-12-012024-11-30SC682449ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-30SC682449ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-30SC682449ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-30SC682449ns10:FullAccounts2023-12-012024-11-30SC68244912023-12-012024-11-30SC682449ns10:OrdinaryShareClass12023-12-012024-11-30SC682449ns10:OrdinaryShareClass22023-12-012024-11-30SC682449ns10:RegisteredOffice2023-12-012024-11-30SC682449ns5:CurrentFinancialInstruments2024-11-30SC682449ns5:CurrentFinancialInstruments2023-11-30SC682449ns5:Non-currentFinancialInstruments2024-11-30SC682449ns5:Non-currentFinancialInstruments2023-11-30SC682449ns5:ShareCapital2024-11-30SC682449ns5:ShareCapital2023-11-30SC682449ns5:RetainedEarningsAccumulatedLosses2024-11-30SC682449ns5:RetainedEarningsAccumulatedLosses2023-11-30SC682449ns5:NetGoodwill2023-12-012024-11-30SC682449ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-30SC682449ns5:PlantMachinery2023-12-012024-11-30SC682449ns5:FurnitureFittings2023-12-012024-11-30SC682449ns5:MotorVehicles2023-12-012024-11-30SC682449ns5:ComputerEquipment2023-12-012024-11-30SC682449ns5:NetGoodwill2023-11-30SC682449ns5:NetGoodwill2024-11-30SC682449ns5:NetGoodwill2023-11-30SC682449ns5:PlantMachinery2023-11-30SC682449ns5:FurnitureFittings2023-11-30SC682449ns5:MotorVehicles2023-11-30SC682449ns5:ComputerEquipment2023-11-30SC682449ns5:PlantMachinery2024-11-30SC682449ns5:FurnitureFittings2024-11-30SC682449ns5:MotorVehicles2024-11-30SC682449ns5:ComputerEquipment2024-11-30SC682449ns5:PlantMachinery2023-11-30SC682449ns5:FurnitureFittings2023-11-30SC682449ns5:MotorVehicles2023-11-30SC682449ns5:ComputerEquipment2023-11-30SC682449ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-30SC682449ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30SC682449ns5:DeferredTaxation2023-11-30SC682449ns5:DeferredTaxation2023-12-012024-11-30SC682449ns5:DeferredTaxation2024-11-30SC682449ns10:OrdinaryShareClass12024-11-30SC682449ns10:OrdinaryShareClass22024-11-30
REGISTERED NUMBER: SC682449 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Bank Street Dental Ltd

Bank Street Dental Ltd (Registered number: SC682449)






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


Bank Street Dental Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Dr G D Canning





REGISTERED OFFICE: 19 Bank Street
Galashiels
Borders
TD1 1EN





REGISTERED NUMBER: SC682449 (Scotland)





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

Bank Street Dental Ltd (Registered number: SC682449)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,920 87,040
Tangible assets 5 105,679 128,862
187,599 215,902

CURRENT ASSETS
Stocks 6,495 6,185
Debtors 6 58,854 50,425
Cash at bank and in hand 904,263 582,388
969,612 638,998
CREDITORS
Amounts falling due within one year 7 252,778 212,221
NET CURRENT ASSETS 716,834 426,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

904,433

642,679

CREDITORS
Amounts falling due after more than one
year

8

(27,928

)

(31,718

)

PROVISIONS FOR LIABILITIES 9 (26,420 ) (32,215 )
NET ASSETS 850,085 578,746

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 849,985 578,646
SHAREHOLDERS' FUNDS 850,085 578,746

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 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.

Bank Street Dental Ltd (Registered number: SC682449)

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 director and authorised for issue on 17 February 2025 and were signed by:





Dr G D Canning - Director


Bank Street Dental Ltd (Registered number: SC682449)

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

1. STATUTORY INFORMATION

Bank Street Dental 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 2020, 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

Bank Street Dental Ltd (Registered number: SC682449)

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 12 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 102,400
AMORTISATION
At 1 December 2023 15,360
Amortisation for year 5,120
At 30 November 2024 20,480
NET BOOK VALUE
At 30 November 2024 81,920
At 30 November 2023 87,040

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 118,856 27,797 54,035 540 201,228
Additions 968 - - 4,801 5,769
At 30 November 2024 119,824 27,797 54,035 5,341 206,997
DEPRECIATION
At 1 December 2023 49,500 9,094 13,509 263 72,366
Charge for year 14,065 3,740 10,131 1,016 28,952
At 30 November 2024 63,565 12,834 23,640 1,279 101,318
NET BOOK VALUE
At 30 November 2024 56,259 14,963 30,395 4,062 105,679
At 30 November 2023 69,356 18,703 40,526 277 128,862

Bank Street Dental Ltd (Registered number: SC682449)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 56,717 50,425
Prepayments 2,137 -
58,854 50,425

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 3,790 3,790
Trade creditors 38,282 4,716
Tax 123,163 81,150
Social security and other taxes 2,339 2,335
Pension payable 1,029 695
Other creditors 75,778 113,667
Directors' current accounts 3,721 1,701
Accrued expenses 4,676 4,167
252,778 212,221

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 27,928 31,718

9. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 26,420 32,215

Deferred
tax
£   
Balance at 1 December 2023 32,215
Provided during year (5,795 )
Balance at 30 November 2024 26,420

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
55 Ordinary £1 55 55
45 Ordinary A Shares £1 45 45
100 100

Bank Street Dental Ltd (Registered number: SC682449)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the director £3,721 (2023 - £1,701). No interest has been charged and there are no specific repayment terms.