Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Dr H L Bailey 20/03/2019 Mr C McGuirk 20/03/2019 Dr H L Bailey 27 June 2025 The principle activity of the company is the provision of dental implantology services. 11892879 2024-09-30 11892879 bus:Director1 2024-09-30 11892879 bus:Director2 2024-09-30 11892879 2023-09-30 11892879 core:CurrentFinancialInstruments 2024-09-30 11892879 core:CurrentFinancialInstruments 2023-09-30 11892879 core:Non-currentFinancialInstruments 2024-09-30 11892879 core:Non-currentFinancialInstruments 2023-09-30 11892879 core:ShareCapital 2024-09-30 11892879 core:ShareCapital 2023-09-30 11892879 core:RetainedEarningsAccumulatedLosses 2024-09-30 11892879 core:RetainedEarningsAccumulatedLosses 2023-09-30 11892879 core:ToolsEquipment 2023-09-30 11892879 core:ToolsEquipment 2024-09-30 11892879 core:CostValuation 2023-09-30 11892879 core:CostValuation 2024-09-30 11892879 core:CurrentFinancialInstruments core:Secured 2024-09-30 11892879 2023-10-01 2024-09-30 11892879 bus:FilletedAccounts 2023-10-01 2024-09-30 11892879 bus:SmallEntities 2023-10-01 2024-09-30 11892879 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11892879 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11892879 bus:Director1 2023-10-01 2024-09-30 11892879 bus:Director2 2023-10-01 2024-09-30 11892879 bus:Director3 2023-10-01 2024-09-30 11892879 core:ToolsEquipment core:TopRangeValue 2023-10-01 2024-09-30 11892879 2022-10-01 2023-09-30 11892879 core:ToolsEquipment 2023-10-01 2024-09-30 11892879 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 11892879 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 11892879 (England and Wales)

COLIN MCGUIRK LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

COLIN MCGUIRK LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

COLIN MCGUIRK LIMITED

BALANCE SHEET

As at 30 September 2024
COLIN MCGUIRK LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 4,369 5,403
Investments 5 319,200 319,200
323,569 324,603
Current assets
Debtors 6 16,908 20,539
Cash at bank and in hand 7,250 40,623
24,158 61,162
Creditors: amounts falling due within one year 7 ( 30,426) ( 29,125)
Net current (liabilities)/assets (6,268) 32,037
Total assets less current liabilities 317,301 356,640
Creditors: amounts falling due after more than one year 8 ( 208,929) ( 242,343)
Provision for liabilities ( 1,092) ( 1,351)
Net assets 107,280 112,946
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 106,280 111,946
Total shareholders' funds 107,280 112,946

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.

Directors' responsibilities:

The financial statements of Colin McGuirk Limited (registered number: 11892879) were approved and authorised for issue by the Board of Directors on 27 June 2025. They were signed on its behalf by:

Mr C McGuirk
Director
Dr H L Bailey
Director
COLIN MCGUIRK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
COLIN MCGUIRK 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

Colin McGuirk Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:
Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom

The financial statements have been prepared under the historical cost convention, modified to include 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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 assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Tools and equipment 3 years straight line
Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss.
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Classification:

The company holds the following financial instruments:

Short term trade and other debtors and creditors;
Cash and bank balances;
Long term bank loans

All financial instruments are classified as basic.


Recognition and measurement:

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are
subsequently carried at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Dividends on equity shares

2024 2023
£ £
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend 164,854 93,000

4. Tangible assets

Tools and equipment Total
£ £
Cost
At 01 October 2023 21,388 21,388
Additions 3,105 3,105
At 30 September 2024 24,493 24,493
Accumulated depreciation
At 01 October 2023 15,985 15,985
Charge for the financial year 4,139 4,139
At 30 September 2024 20,124 20,124
Net book value
At 30 September 2024 4,369 4,369
At 30 September 2023 5,403 5,403

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 319,200
At 30 September 2024 319,200
Carrying value at 30 September 2024 319,200
Carrying value at 30 September 2023 319,200

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.09.2024
Ownership
30.09.2023
Circus Dental Limited Lowin House, Tregolls Road, Truro, TR1 2NA, England & Wales Dental practice activities Ordinary 20.00% 20.00%

6. Debtors

2024 2023
£ £
Amounts owed by directors 14,002 17,354
Prepayments 86 0
Corporation tax 0 1,192
Other debtors 2,820 1,993
16,908 20,539

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 25,267 25,538
Accruals 2,732 3,328
Taxation and social security 2,157 0
Other creditors 270 259
30,426 29,125

Creditors due within one year include bank loans of £25,267 (2023 - £25,538) which are secured by fixed and floating charges over the company's assets.

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

2024 2023
£ £
Bank loans (secured) 208,929 242,343

Creditors include bank loans which are secured of £208,929 (2023 - £242,343) which are secured by fixed and floating charges over the company's assets.

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to/(from) the company 14,002 17,354