OD SMILES LIMITED


Director	ASLAM PERVEZ, Abdulwahab, Dr


Company Secretary	HAFEEZ, Mohammad Shoaib, Dr


Registered Address	The Dental Flat
	Albany Street
	Oban
	PA34 4AG


Registered Number	SC785210 (Scotland)

Balance Sheet as at
31 October 2024

	Notes	2024
		£	£
Fixed assets
Intangible assets	3		45,417
Tangible assets	4		61,736
			107,153
Current assets
Debtors		716,730
Cash at bank and on hand		24,413
		741,143
Creditors amounts falling due within one year		(710,020)
Net current assets (liabilities)			31,123
Total assets less current liabilities			138,276
Net assets			138,276
Capital and reserves
Called up share capital			1
Profit and loss account			138,275
Shareholders' funds			138,276

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 3 October 2025, and are signed on its behalf by:

ASLAM PERVEZ, Abdulwahab, Dr
Director
Registered Company No. SC785210

OD SMILES LIMITED

Notes to the Financial Statements
for the period ended 31 October 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25

2.	Average number of employees


		2024
	Average number of employees during the year	2

3.	Intangible assets

		Total
		£
	Cost or valuation
	Additions	50,000
	At 31 October 24	50,000
	Amortisation and impairment
	Charge for year	4,583
	At 31 October 24	4,583
	Net book value
	At 31 October 24	45,417
	At 05 October 23	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	Additions	73,486
	At 31 October 24	73,486
	Depreciation and impairment
	Charge for year	11,750
	At 31 October 24	11,750
	Net book value
	At 31 October 24	61,736
	At 05 October 23	-

5.	Directors advances, credits and guarantees
	The Directors' loan account as at YE 31 Oct 2024 was £371,892 Cr.

6.	Related party transactions
	Creditors includes balance of £180,218 Cr. as at YE 2024 Oban Dental & Implant centre.