REGISTERED NUMBER: SC508186 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Margarita Monque Venturoli Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr M M Venturoli

REGISTERED OFFICE:

46 West Holmes Place

Broxburn

West Lothian

EH52 5NJ

REGISTERED NUMBER:

SC508186 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

195,766

207,282

Tangible assets

5

40,939

40,986

236,705

248,268

CURRENT ASSETS

Stocks

3,885

3,700

Debtors

6

182,393

209,616

Cash at bank

13,043

13,084

199,321

226,400

CREDITORS

Amounts falling due within one year

7

100,622

82,025

NET CURRENT ASSETS

98,699

144,375

TOTAL ASSETS LESS CURRENT LIABILITIES

335,404

392,643

CREDITORS

Amounts falling due after more than one year

8

(264,751

)

(296,797

)

PROVISIONS FOR LIABILITIES

10

(8,669

)

(8,337

)

NET ASSETS

61,984

87,509

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

61,884

87,409

SHAREHOLDERS' FUNDS

61,984

87,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 16 June 2025 and were signed by:

Dr M M Venturoli - Director

1.	STATUTORY INFORMATION

Margarita Monque Venturoli Ltd 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 2022, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

230,313

AMORTISATION

At 1 January 2024

23,031

Amortisation for year

11,516

At 31 December 2024

34,547

NET BOOK VALUE

At 31 December 2024

195,766

At 31 December 2023

207,282

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

59,110

1,388

60,498

Additions

6,522

4,818

11,340

At 31 December 2024

65,632

6,206

71,838

DEPRECIATION

At 1 January 2024

18,938

574

19,512

Charge for year

9,339

2,048

11,387

At 31 December 2024

28,277

2,622

30,899

NET BOOK VALUE

At 31 December 2024

37,355

3,584

40,939

At 31 December 2023

40,172

814

40,986

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

45,493

55,160

Directors' current accounts

136,279

153,835

Prepayments and accrued income

621

621

182,393

209,616

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

27,032

26,599

Other loans (see note 9)

17,500

-

Hire purchase contracts

2,927

6,689

Tax

45,041

41,481

Social security and other taxes

2,311

1,795

Pension payable

524

294

Accrued expenses

5,287

5,167

100,622

82,025

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 9)

258,410

286,675

Hire purchase contracts

6,341

10,122

264,751

296,797

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

27,032

26,599

Other loans

17,500

-

44,532

26,599

Amounts falling due between one and two years:

Bank loans - 1-2 years

258,410

286,675

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

8,669

8,337

Deferred

tax

£

Balance at 1 January 2024

8,337

Provided during year

332

Balance at 31 December 2024

8,669

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Dr M M Venturoli

Balance outstanding at start of year

153,835

126,675

Amounts advanced

189,498

168,629

Amounts repaid

(207,054

)

(141,469

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

136,279

153,835

Interest has been charged at the average interest rate of 2.25% . The directors loan was repaid shortly after the year end.