REGISTERED NUMBER: SC702243 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Boyle Dental Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr D A M Boyle

Dr L P Boyle

REGISTERED OFFICE:

96 Stonelaw Road

Rutherglen

G73 3ED

REGISTERED NUMBER:

SC702243 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

55,650

63,600

Tangible assets

5

143,743

130,911

199,393

194,511

CURRENT ASSETS

Stocks

350

400

Debtors

6

32,247

32,226

Cash at bank and in hand

52,832

37,841

85,429

70,467

CREDITORS

Amounts falling due within one year

7

64,500

54,778

NET CURRENT ASSETS

20,929

15,689

TOTAL ASSETS LESS CURRENT LIABILITIES

220,322

210,200

CREDITORS

Amounts falling due after more than one year

8

(103,276

)

(102,412

)

PROVISIONS FOR LIABILITIES

10

(9,552

)

(6,344

)

NET ASSETS

107,494

101,444

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

107,394

101,344

SHAREHOLDERS' FUNDS

107,494

101,444

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 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.

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 30 September 2025 and were signed on its behalf by:

Dr L P Boyle - Director

Dr D A M Boyle - Director

1.	STATUTORY INFORMATION

Boyle Dental 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 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.

Freehold property

-

Not depreciated

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

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 4 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

79,500

AMORTISATION

At 1 January 2024

15,900

Amortisation for year

7,950

At 31 December 2024

23,850

NET BOOK VALUE

At 31 December 2024

55,650

At 31 December 2023

63,600

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

105,535

35,719

2,229

-

143,483

Additions

-

19,791

1,145

1,449

22,385

At 31 December 2024

105,535

55,510

3,374

1,449

165,868

DEPRECIATION

At 1 January 2024

-

11,770

802

-

12,572

Charge for year

-

8,748

515

290

9,553

At 31 December 2024

-

20,518

1,317

290

22,125

NET BOOK VALUE

At 31 December 2024

105,535

34,992

2,057

1,159

143,743

At 31 December 2023

105,535

23,949

1,427

-

130,911

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

32,247

32,226

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

4,950

4,950

Hire purchase contracts

4,161

840

Trade creditors

1,113

-

Tax

51,638

44,217

Social security and other taxes

-

(3,135

)

Directors' current accounts

748

7,360

Accrued expenses

1,890

546

64,500

54,778

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 9)

95,434

100,523

Hire purchase contracts

7,842

1,889

103,276

102,412

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

4,950

4,950

Amounts falling due between two and five years:

Bank loans - 2-5 years

95,434

100,523

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

9,552

6,344

Deferred

tax

£

Balance at 1 January 2024

6,344

Provided during year

3,208

Balance at 31 December 2024

9,552

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

Dr D A M Boyle

Balance outstanding at start of year

(48

)

(119

)

Amounts advanced

171,115

148,335

Amounts repaid

(171,191

)

(148,264

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(124

)

(48

)

Dr L P Boyle

Balance outstanding at start of year

(7,312

)

(19,000

)

Amounts advanced

7,500

12,500

Amounts repaid

(812

)

(812

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(624

)

(7,312

)

No interest has been charged and there are no specific repayment terms.