Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Dr Lisa Currie 07/01/2011 20 May 2025 The principal activity of the company during the financial year continued to be that of the provision of orthodontic services. SC290127 2024-08-31 SC290127 bus:Director1 2024-08-31 SC290127 2023-08-31 SC290127 core:CurrentFinancialInstruments 2024-08-31 SC290127 core:CurrentFinancialInstruments 2023-08-31 SC290127 core:Non-currentFinancialInstruments 2024-08-31 SC290127 core:Non-currentFinancialInstruments 2023-08-31 SC290127 core:ShareCapital 2024-08-31 SC290127 core:ShareCapital 2023-08-31 SC290127 core:SharePremium 2024-08-31 SC290127 core:SharePremium 2023-08-31 SC290127 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC290127 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC290127 core:LandBuildings 2023-08-31 SC290127 core:LeaseholdImprovements 2023-08-31 SC290127 core:PlantMachinery 2023-08-31 SC290127 core:FurnitureFittings 2023-08-31 SC290127 core:ComputerEquipment 2023-08-31 SC290127 core:LandBuildings 2024-08-31 SC290127 core:LeaseholdImprovements 2024-08-31 SC290127 core:PlantMachinery 2024-08-31 SC290127 core:FurnitureFittings 2024-08-31 SC290127 core:ComputerEquipment 2024-08-31 SC290127 2022-08-31 SC290127 bus:OrdinaryShareClass1 2024-08-31 SC290127 2023-09-01 2024-08-31 SC290127 bus:FilletedAccounts 2023-09-01 2024-08-31 SC290127 bus:SmallEntities 2023-09-01 2024-08-31 SC290127 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC290127 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC290127 bus:Director1 2023-09-01 2024-08-31 SC290127 core:LandBuildings core:BottomRangeValue 2023-09-01 2024-08-31 SC290127 core:LandBuildings core:TopRangeValue 2023-09-01 2024-08-31 SC290127 core:LeaseholdImprovements core:TopRangeValue 2023-09-01 2024-08-31 SC290127 core:PlantMachinery core:TopRangeValue 2023-09-01 2024-08-31 SC290127 core:FurnitureFittings core:TopRangeValue 2023-09-01 2024-08-31 SC290127 core:ComputerEquipment core:TopRangeValue 2023-09-01 2024-08-31 SC290127 2022-09-01 2023-08-31 SC290127 core:LandBuildings 2023-09-01 2024-08-31 SC290127 core:LeaseholdImprovements 2023-09-01 2024-08-31 SC290127 core:PlantMachinery 2023-09-01 2024-08-31 SC290127 core:FurnitureFittings 2023-09-01 2024-08-31 SC290127 core:ComputerEquipment 2023-09-01 2024-08-31 SC290127 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 SC290127 1 2023-09-01 2024-08-31 SC290127 1 2022-09-01 2023-08-31 SC290127 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 SC290127 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC290127 (Scotland)

# THE ORTHODONTIC CLINIC LIMITED

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

THE ORTHODONTIC CLINIC LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

Contents

THE ORTHODONTIC CLINIC LIMITED

## BALANCE SHEET

AS AT 31 AUGUST 2024
THE ORTHODONTIC CLINIC LIMITED

## BALANCE SHEET (continued)

AS AT 31 AUGUST 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 687,261 |  | 724,511
|  | 687,261 |  | 724,511
Current assets |  |  |  |
Stocks |  | 101,166 |  | 84,793
Debtors | 4 | 1,731,877 |  | 1,120,749
Cash at bank and in hand |  | 1,103,629 |  | 1,023,442
|  | 2,936,672 |  | 2,228,984
Creditors: amounts falling due within one year | 5 | ( 1,804,764) |  | ( 1,552,309)
Net current assets |  | 1,131,908 |  | 676,675
Total assets less current liabilities |  | 1,819,169 |  | 1,401,186
Creditors: amounts falling due after more than one year | 6 | ( 121,144) |  | ( 147,013)
Provision for liabilities | 7, 8 | ( 13,755) |  | ( 15,194)
Net assets |  | 1,684,270 |  | 1,238,979
Capital and reserves |  |  |  |
Called-up share capital | 9 | 2 |  | 2
Share premium account |  | 149,998 |  | 149,998
Profit and loss account |  | 1,534,270 |  | 1,088,979
Total shareholder's funds |  | 1,684,270 |  | 1,238,979

For the financial year ending 31 August 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Orthodontic Clinic Limited (registered number: SC290127) were approved and authorised for issue by the Director on 20 May 2025. They were signed on its behalf by:

Dr Lisa Currie Director |

THE ORTHODONTIC CLINIC LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
THE ORTHODONTIC CLINIC LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 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

The Orthodontic Clinic 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 Johnstone House, 52-54 Rose Street, Aberdeen, AB10 1HA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue for the provision of orthodontic services is recognised when the company has entitlement to the income in exchange for the provision of 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.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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 | 10 - 25 years straight line
Leasehold improvements | 10 years straight line
Plant and machinery | 4 years straight line
Fixtures and fittings | 4 years straight line
Computer equipment | 4 years straight line

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.

##### 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).

##### 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. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.
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 cash in hand, 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, 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.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Provisions

Deferred tax provisions are recognised when the company has a present obligation 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.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 21 |  | 20

#### 3. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Plant and machinery |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 September 2023 | 955,631 |  | 146,817 |  | 253,943 |  | 196,456 |  | 24,143 |  | 1,576,990
Additions | 0 |  | 0 |  | 13,944 |  | 845 |  | 6,069 |  | 20,858
At 31 August 2024 | 955,631 |  | 146,817 |  | 267,887 |  | 197,301 |  | 30,212 |  | 1,597,848
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 September 2023 | 263,114 |  | 144,055 |  | 226,493 |  | 196,456 |  | 22,361 |  | 852,479
Charge for the financial year | 38,225 |  | 2,763 |  | 15,768 |  | 79 |  | 1,273 |  | 58,108
At 31 August 2024 | 301,339 |  | 146,818 |  | 242,261 |  | 196,535 |  | 23,634 |  | 910,587
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 August 2024 | 654,292 |  | ( 1) |  | 25,626 |  | 766 |  | 6,578 |  | 687,261
At 31 August 2023 | 692,517 |  | 2,762 |  | 27,450 |  | 0 |  | 1,782 |  | 724,511

#### 4. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 488,067 |  | 304,536
Other debtors | 1,243,810 |  | 816,213
| 1,731,877 |  | 1,120,749

#### 5. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 25,204 |  | 12,974
Trade creditors | 187,906 |  | 206,282
Taxation and social security | 465,186 |  | 154,087
Other creditors | 1,126,468 |  | 1,178,966
| 1,804,764 |  | 1,552,309

#### 6. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 121,144 |  | 147,013

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

#### 7. Provision for liabilities

| 2024 |  | 2023
| £ |  | £
Deferred tax | 13,755 |  | 15,194

#### 8. Deferred tax

| 2024 |  | 2023
| £ |  | £
At the beginning of financial year | ( 15,194) |  | ( 18,091)
Credited to the Statement of Income and Retained Earnings | 1,439 |  | 2,569
Difference in opening balance due to amended 2022 profits and CT charge | 0 |  | 328
At the end of financial year | ( 13,755) |  | ( 15,194)

#### 9. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 10. Related party transactions

Transactions with the entity's director

| 2024 |  | 2023
| £ |  | £
Directors Current Account | (47,785) |  | (1,016)