The Dental Practice Group Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC779382 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Dental Practice Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L C S Cowan

I L Ogilvie

REGISTERED OFFICE:

Cornerstone House

Station Road

Selkirk

TD7 5DJ

REGISTERED NUMBER:

SC779382 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

350,550

-

Tangible assets

5

116,972

-

467,522

-

CURRENT ASSETS

Stocks

6

5,000

-

Debtors

7

38,641

-

Cash at bank and in hand

136,370

100

180,011

100

CREDITORS

Amounts falling due within one year

8

92,389

-

NET CURRENT ASSETS

87,622

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

555,144

100

CREDITORS

Amounts falling due after more than one
year

9

(413,275

)

-

PROVISIONS FOR LIABILITIES

11

(12,819

)

-

NET ASSETS

129,050

100

CAPITAL AND RESERVES

Called up share capital

12

100

Retained earnings

128,950

-

SHAREHOLDERS' FUNDS

129,050

100

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:

L C S Cowan - Director

I L Ogilvie - Director

1.	STATUTORY INFORMATION

The Dental Practice Group 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 2024, 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.

Freehold property

-

Not depreciated

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

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.

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 5 (2023 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

369,000

At 31 December 2024

369,000

AMORTISATION

Amortisation for year

18,450

At 31 December 2024

18,450

NET BOOK VALUE

At 31 December 2024

350,550

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

Additions

63,373

21,873

43,827

1,558

130,631

At 31 December 2024

63,373

21,873

43,827

1,558

130,631

DEPRECIATION

Charge for year

-

4,375

8,765

519

13,659

At 31 December 2024

-

4,375

8,765

519

13,659

NET BOOK VALUE

At 31 December 2024

63,373

17,498

35,062

1,039

116,972

6.

STOCKS

31.12.24

31.12.23

£

Stocks

5,000

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

38,641

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts (see note 10)

15,752

-

Trade creditors

8,100

-

Tax

37,157

-

Social security and other taxes

1,481

-

Pension

607

-

Other creditors

1,052

-

Directors' current accounts

17,683

-

Accrued expenses

10,557

-

92,389

-

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans (see note 10)

413,275

-

10.

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

15,752

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

413,275

-

11.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

12,819

-

Deferred

tax

£

Provided during year

12,819

Balance at 31 December 2024

12,819

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

25

Ordinary A

£1

25

Ordinary B

£1

25

Ordinary C

£1

25

Ordinary D

£1

25

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

L C S Cowan

Balance outstanding at start of year

-

Amounts advanced

15,480

-

Amounts repaid

(18,450

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(2,970

)

-

I L Ogilvie

Balance outstanding at start of year

-

Amounts advanced

16,250

-

Amounts repaid

(30,963

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(14,713

)

-

At the year end the company was due the directors £17,683. There are no specific repayment terms and no interest has been charged.