Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Justin Mark Young 08/08/2011 11 June 2025 The principal activity of the company during the financial year was continuing operating a dental practice. SC404919 2024-09-30 SC404919 bus:Director1 2024-09-30 SC404919 2023-09-30 SC404919 core:CurrentFinancialInstruments 2024-09-30 SC404919 core:CurrentFinancialInstruments 2023-09-30 SC404919 core:Non-currentFinancialInstruments 2024-09-30 SC404919 core:Non-currentFinancialInstruments 2023-09-30 SC404919 core:ShareCapital 2024-09-30 SC404919 core:ShareCapital 2023-09-30 SC404919 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC404919 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC404919 core:Goodwill 2023-09-30 SC404919 core:Goodwill 2024-09-30 SC404919 core:LandBuildings 2023-09-30 SC404919 core:LeaseholdImprovements 2023-09-30 SC404919 core:PlantMachinery 2023-09-30 SC404919 core:Vehicles 2023-09-30 SC404919 core:FurnitureFittings 2023-09-30 SC404919 core:OfficeEquipment 2023-09-30 SC404919 core:LandBuildings 2024-09-30 SC404919 core:LeaseholdImprovements 2024-09-30 SC404919 core:PlantMachinery 2024-09-30 SC404919 core:Vehicles 2024-09-30 SC404919 core:FurnitureFittings 2024-09-30 SC404919 core:OfficeEquipment 2024-09-30 SC404919 2022-09-30 SC404919 bus:OrdinaryShareClass1 2024-09-30 SC404919 bus:OrdinaryShareClass2 2024-09-30 SC404919 2023-10-01 2024-09-30 SC404919 bus:FilletedAccounts 2023-10-01 2024-09-30 SC404919 bus:SmallEntities 2023-10-01 2024-09-30 SC404919 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC404919 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC404919 bus:Director1 2023-10-01 2024-09-30 SC404919 core:Goodwill core:TopRangeValue 2023-10-01 2024-09-30 SC404919 core:Goodwill 2023-10-01 2024-09-30 SC404919 core:PlantMachinery core:TopRangeValue 2023-10-01 2024-09-30 SC404919 core:Vehicles 2023-10-01 2024-09-30 SC404919 core:FurnitureFittings core:TopRangeValue 2023-10-01 2024-09-30 SC404919 core:OfficeEquipment core:TopRangeValue 2023-10-01 2024-09-30 SC404919 2022-10-01 2023-09-30 SC404919 core:LandBuildings 2023-10-01 2024-09-30 SC404919 core:LeaseholdImprovements 2023-10-01 2024-09-30 SC404919 core:PlantMachinery 2023-10-01 2024-09-30 SC404919 core:FurnitureFittings 2023-10-01 2024-09-30 SC404919 core:OfficeEquipment 2023-10-01 2024-09-30 SC404919 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 SC404919 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC404919 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 SC404919 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 SC404919 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC404919 (Scotland)

YOUNG SMILE DENTAL CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

YOUNG SMILE DENTAL CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

YOUNG SMILE DENTAL CARE LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
YOUNG SMILE DENTAL CARE LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 495,837 565,837
Tangible assets 4 303,757 184,108
799,594 749,945
Current assets
Stocks 5 7,050 6,942
Debtors 6 64,836 48,622
Cash at bank and in hand ( 2,236) 7,210
69,650 62,774
Creditors: amounts falling due within one year 7 ( 252,693) ( 349,886)
Net current liabilities (183,043) (287,112)
Total assets less current liabilities 616,551 462,833
Creditors: amounts falling due after more than one year 8 ( 326,821) ( 315,246)
Provision for liabilities 9 ( 58,834) 0
Net assets 230,896 147,587
Capital and reserves
Called-up share capital 10 150 150
Profit and loss account 230,746 147,437
Total shareholders' funds 230,896 147,587

For the financial year ending 30 September 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 Young Smile Dental Care Limited (registered number: SC404919) were approved and authorised for issue by the Director on 11 June 2025. They were signed on its behalf by:

Justin Mark Young
Director
YOUNG SMILE DENTAL CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
YOUNG SMILE DENTAL CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 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

Young Smile Dental Care 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 Unit 1 Haughton Court, Alford, AB33 8DW, Scotland, 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.

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 is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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.

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 initially 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 [number] 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
Leasehold improvements not depreciated
Plant and machinery 4 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 7 years straight line
Office 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 Profit and Loss Account as described below.

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. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 14 13

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 October 2023 700,004 700,004
At 30 September 2024 700,004 700,004
Accumulated amortisation
At 01 October 2023 134,167 134,167
Charge for the financial year 70,000 70,000
At 30 September 2024 204,167 204,167
Net book value
At 30 September 2024 495,837 495,837
At 30 September 2023 565,837 565,837

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £ £
Cost
At 01 October 2023 54,428 0 61,604 112,678 1,057 20,132 249,899
Additions 33,794 67,589 54,018 0 2,467 8,277 166,145
At 30 September 2024 88,222 67,589 115,622 112,678 3,524 28,409 416,044
Accumulated depreciation
At 01 October 2023 0 0 23,671 35,724 197 6,199 65,791
Charge for the financial year 0 0 20,967 19,238 368 5,923 46,496
At 30 September 2024 0 0 44,638 54,962 565 12,122 112,287
Net book value
At 30 September 2024 88,222 67,589 70,984 57,716 2,959 16,287 303,757
At 30 September 2023 54,428 0 37,933 76,954 860 13,933 184,108

5. Stocks

2024 2023
£ £
Stocks 7,050 6,942

6. Debtors

2024 2023
£ £
Trade debtors 58,177 41,362
Other debtors 6,659 7,260
64,836 48,622

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 46,870 14,933
Trade creditors 21,157 16,770
Taxation and social security 45,006 61,147
Obligations under finance leases and hire purchase contracts 73,771 21,895
Other creditors 65,889 235,141
252,693 349,886

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 289,157 248,307
Obligations under finance leases and hire purchase contracts 37,664 66,939
326,821 315,246

The Royal Bank of Scotland holds a floating charge over all the property and undertakings of the company.

9. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 58,834) 0
At the end of financial year ( 58,834) 0

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100
50 B ordinary shares of £ 1.00 each 50 50
150 150

11. Related party transactions

During the year the director provided a loan to the company. At the balance sheet date, the company owed the director £35,201 (2023 - £189,486). The loan is unsecured, interest free and repayable on demand.