REGISTERED NUMBER: SC755075 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

GC Dental Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D K Gilmartin

M Church

REGISTERED OFFICE:

289 Stonelaw Road

Rutherglen

Glasgow

G73 3RN

REGISTERED NUMBER:

SC755075 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

152,000

171,000

Tangible assets

5

201,046

192,364

353,046

363,364

CURRENT ASSETS

Stocks

1,838

1,750

Debtors

6

22,517

39,217

Cash in hand

38

9

24,393

40,976

CREDITORS

Amounts falling due within one year

7

52,875

46,281

NET CURRENT LIABILITIES

(28,482

)

(5,305

)

TOTAL ASSETS LESS CURRENT LIABILITIES

324,564

358,059

CREDITORS

Amounts falling due after more than one year

8

(327,762

)

(341,886

)

PROVISIONS FOR LIABILITIES

10

(6,521

)

(28

)

NET (LIABILITIES)/ASSETS

(9,719

)

16,145

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

(9,819

)

16,045

SHAREHOLDERS' FUNDS

(9,719

)

16,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 1 October 2025 and were signed on its behalf by:

A D K Gilmartin - Director

1.	STATUTORY INFORMATION

GC Dental 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 2023, 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

-

15% on reducing balance

Fixtures and fittings

-

15% 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 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

190,000

AMORTISATION

At 1 February 2024

19,000

Amortisation for year

19,000

At 31 January 2025

38,000

NET BOOK VALUE

At 31 January 2025

152,000

At 31 January 2024

171,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

166,725

30,000

458

204

197,387

Additions

-

14,796

-

-

14,796

At 31 January 2025

166,725

44,796

458

204

212,183

DEPRECIATION

At 1 February 2024

-

4,875

74

74

5,023

Charge for year

-

5,988

58

68

6,114

At 31 January 2025

-

10,863

132

142

11,137

NET BOOK VALUE

At 31 January 2025

166,725

33,933

326

62

201,046

At 31 January 2024

166,725

25,125

384

130

192,364

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

517

717

Other debtors

22,000

38,500

22,517

39,217

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts (see note 9)

21,522

19,487

Trade creditors

11,097

-

Tax

-

12,328

Social security and other taxes

1,195

1,356

Pensions

227

256

Credit card

1,824

2,361

Directors' current accounts

13,110

10,493

Accrued expenses

3,900

-

52,875

46,281

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans (see note 9)

327,762

341,886

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

7,866

5,831

Bank loans > 1 years

13,656

13,656

21,522

19,487

Amounts falling due between one and two years:

Bank loans < 1 years

327,762

341,886

10.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

6,521

28

Deferred

tax

£

Balance at 1 February 2024

28

Provided during year

6,493

Balance at 31 January 2025

6,521

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

25

Ordinary A

£1

25

25

25

Ordinary B

£1

25

25

25

Ordinary C

£1

25

25

25

Ordinary D

£1

25

25

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors advanced the company monies. At the year end the company was due the directors £13,110 (2024: £10,492). No interest has been charged and there are no specific repayment terms.