Company registration number SC622704 (Scotland)
ELASSAR DENTAL IMPLANT SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
ELASSAR DENTAL IMPLANT SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ELASSAR DENTAL IMPLANT SERVICES LTD
BALANCE SHEET
AS AT 30 OCTOBER 2024
30 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
47,524
63,366
Current assets
Debtors
4
963,755
694,768
Cash at bank and in hand
133,411
214,563
1,097,166
909,331
Creditors: amounts falling due within one year
5
(280,700)
(258,071)
Net current assets
816,466
651,260
Total assets less current liabilities
863,990
714,626
Creditors: amounts falling due after more than one year
6
(59,660)
(74,354)
Net assets
804,330
640,272
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
804,230
640,172
Total equity
804,330
640,272

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 6 November 2025
Dr H A G Elassar
Director
Company Registration No. SC622704
ELASSAR DENTAL IMPLANT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Elassar Dental Implant Services Ltd is a private company limited by shares incorporated in Scotland. The registered office is 4 Maule Street, Monifieth, Dundee, DD5 4JN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover consists of the sales value in the period for the supply of services and goods to third parties.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ELASSAR DENTAL IMPLANT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2022
Number
Number
Total
1
1
ELASSAR DENTAL IMPLANT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2024
- 4 -
3
Tangible fixed assets
Computer equipment
Motor vehicles
Total
£
£
£
Cost
At 31 October 2023 and 30 October 2024
817
67,314
68,131
Depreciation and impairment
At 31 October 2023
558
4,207
4,765
Depreciation charged in the year
65
15,777
15,842
At 30 October 2024
623
19,984
20,607
Carrying amount
At 30 October 2024
194
47,330
47,524
At 30 October 2023
259
63,107
63,366
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
44,608
38,963
Other debtors
915,458
654,961
Prepayments and accrued income
3,689
844
963,755
694,768
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,040
9,795
Obligations under finance leases
6,597
6,903
Corporation tax
258,813
236,693
Accruals and deferred income
5,250
4,680
280,700
258,071
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,129
18,414
Obligations under finance leases
51,531
55,940
59,660
74,354
ELASSAR DENTAL IMPLANT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2024
- 5 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Related party transactions
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2024
2023
2024
2023
£
£
£
£
Key management personnel
625,377
455,758
-
0
-
0
Other related parties
80,613
46,980
-
0
-
0
Other information

The company provided a loan during the year to its director, Mr Hussam A. G. Elassar. Interest in the sum of £13,296 was charged on the loan during the year based on a 2.25% interest rate. The loan is unsecured and is repayable on demand.

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