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REGISTERED NUMBER: SC670381 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Smile Clinic Center Limited

Smile Clinic Center Limited (Registered number: SC670381)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smile Clinic Center Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Dr. D S Kalsi
Dr J Wardell





REGISTERED OFFICE: Comely Bank Dental Practice
3 Comely Bank
Edinburgh
EH4 1AN





REGISTERED NUMBER: SC670381 (Scotland)





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

Smile Clinic Center Limited (Registered number: SC670381)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 461,300 527,200
Tangible assets 5 170,600 104,715
631,900 631,915

CURRENT ASSETS
Stocks 2,500 1,500
Debtors 6 306,987 260,679
Cash at bank and in hand 29,569 25,369
339,056 287,548
CREDITORS
Amounts falling due within one year 7 333,661 189,417
NET CURRENT ASSETS 5,395 98,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,295

730,046

CREDITORS
Amounts falling due after more than one
year

8

(438,621

)

(460,179

)

PROVISIONS FOR LIABILITIES 10 (25,247 ) (23,471 )
NET ASSETS 173,427 246,396

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 173,327 246,296
SHAREHOLDERS' FUNDS 173,427 246,396

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 directors acknowledge their 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.

Smile Clinic Center Limited (Registered number: SC670381)

Balance Sheet - 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 Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:





Dr. D S Kalsi - Director


Smile Clinic Center Limited (Registered number: SC670381)

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

1. STATUTORY INFORMATION

Smile Clinic Center Limited 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 2021, is being amortised evenly over its estimated useful life of ten 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.
Improvements to property - Not depreciated
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed 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 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.

Smile Clinic Center Limited (Registered number: SC670381)

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

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 659,000
AMORTISATION
At 1 December 2023 131,800
Amortisation for year 65,900
At 30 November 2024 197,700
NET BOOK VALUE
At 30 November 2024 461,300
At 30 November 2023 527,200

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 - 138,452 5,512 10,240 154,204
Additions 37,720 63,830 10,781 313 112,644
At 30 November 2024 37,720 202,282 16,293 10,553 266,848
DEPRECIATION
At 1 December 2023 - 44,023 1,445 4,021 49,489
Charge for year - 39,565 3,712 3,482 46,759
At 30 November 2024 - 83,588 5,157 7,503 96,248
NET BOOK VALUE
At 30 November 2024 37,720 118,694 11,136 3,050 170,600
At 30 November 2023 - 94,429 4,067 6,219 104,715

Smile Clinic Center Limited (Registered number: SC670381)

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

6. DEBTORS
30.11.24 30.11.23
£    £   
Amounts falling due within one year:
Trade debtors 1,439 1,563
Amounts owed by group undertakings 206,494 162,257
Other debtors 1,500 1,500
Directors' current accounts 72,938 71,297
282,371 236,617

Amounts falling due after more than one year:
Tax 24,616 24,062

Aggregate amounts 306,987 260,679

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts (see note 9) 21,219 21,219
Trade creditors 139,386 20,703
Tax 50,173 89,630
Social security and other taxes 5,676 2,596
Pension control 1,019 416
Credit card 9,428 46
Directors' current accounts 89 89
Deferred income 97,000 47,058
Accrued expenses 9,671 7,660
333,661 189,417

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans (see note 9) 438,621 460,179

9. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 21,219 21,219

Amounts falling due between one and two years:
Bank loans - 1-2 years 438,621 460,179

Smile Clinic Center Limited (Registered number: SC670381)

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

10. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 25,247 23,471

Deferred
tax
£   
Balance at 1 December 2023 23,471
Provided during year 1,776
Balance at 30 November 2024 25,247

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary shares 1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
Dr. D S Kalsi
Balance outstanding at start of year 71,296 -
Amounts advanced 37,392 71,296
Amounts repaid (35,750 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,938 71,296

Dr J Wardell
Balance outstanding at start of year (88 ) -
Amounts advanced 35,786 -
Amounts repaid (35,786 ) (88 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (88 ) (88 )

The directors loan account balance was repaid shortly after the yearend. Interest has been charged at the average rate of 2.25% per annum.