Company registration number SC397174 (Scotland)
STRANRAER DENTAL LABORATORY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
STRANRAER DENTAL LABORATORY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
STRANRAER DENTAL LABORATORY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
41,418
47,047
Current assets
Stocks
33,160
31,661
Debtors
4
53,329
128,709
Cash at bank and in hand
129,534
62,663
216,023
223,033
Creditors: amounts falling due within one year
5
(24,231)
(45,900)
Net current assets
191,792
177,133
Total assets less current liabilities
233,210
224,180
Creditors: amounts falling due after more than one year
6
(5,750)
(11,500)
Provisions for liabilities
8
(8,216)
(9,089)
Net assets
219,244
203,591
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
219,144
203,491
Total equity
219,244
203,591

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Section 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 of the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

STRANRAER DENTAL LABORATORY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
Mr G Keith
Director
STRANRAER DENTAL LABORATORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Stranraer Dental Laboratory Limited is a private company limited by shares incorporated in Scotland. The company's registered number and registered office address can be found on the Company Information page.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operation for the foreseeable future.

1.2
Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of the manufacturing of dental supplies during the period.

1.3
Tangible fixed assets

Depreciation is provided at the following annual rate in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
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 tax

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.

STRANRAER DENTAL LABORATORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reserved 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 law that have been enacted or substantively enacted by the period 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.

2
Employees

The average number of employees during the year was:

2025
2024
Number
Number
Total
11
11
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
74,443
732
7,450
82,625
Depreciation and impairment
At 1 April 2024
31,965
643
2,970
35,578
Depreciation charged in the year
4,779
10
840
5,629
At 31 March 2025
36,744
653
3,810
41,207
Carrying amount
At 31 March 2025
37,699
79
3,640
41,418
At 31 March 2024
42,478
89
4,480
47,047
STRANRAER DENTAL LABORATORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
47,021
40,486
Other debtors
4,370
86,311
Prepayments and accrued income
1,938
1,912
53,329
128,709
5
Creditors: amounts falling due within one year
2025
2024
£
£
Hire purchase
5,750
5,750
Trade creditors
6,423
8,609
Corporation tax
4,928
24,434
Other taxation and social security
4,203
3,881
Other creditors
959
909
Accruals and deferred income
1,968
2,317
24,231
45,900
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Hire purchase
5,750
11,500
7
Provisions for liabilities
Notes
2025
2024
£
£
Deferred tax liabilities
8
8,216
9,089
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
8,216
9,089
STRANRAER DENTAL LABORATORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Deferred taxation
(Continued)
- 6 -
2025
Movements in the year:
£
Liability at 1 April 2024
9,089
Credit to profit or loss
(873)
Liability at 31 March 2025
8,216

 

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