REGISTERED NUMBER: SC501908 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Quest Dental Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr G Bharadwaj

Mrs A Bharadwaj

REGISTERED OFFICE:

2-4 Ochilview Square

Armadale

Bathgate

West Lothian

EH48 3EP

REGISTERED NUMBER:

SC501908 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

124,418

132,713

Tangible assets

5

252,800

276,326

377,218

409,039

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

139,717

121,765

Cash at bank and in hand

15,995

36,485

160,712

163,250

CREDITORS

Amounts falling due within one year

7

122,642

115,573

NET CURRENT ASSETS

38,070

47,677

TOTAL ASSETS LESS CURRENT LIABILITIES

415,288

456,716

CREDITORS

Amounts falling due after more than one year

8

(365,708

)

(351,920

)

PROVISIONS FOR LIABILITIES

9

(46,739

)

(42,571

)

NET ASSETS

2,841

62,225

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

2,839

62,223

SHAREHOLDERS' FUNDS

2,841

62,225

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 December 2025 and were signed on its behalf by:

Dr G Bharadwaj - Director

1.	STATUTORY INFORMATION

Quest 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 2021, 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.

Improvements to property

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

15% on cost

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 13 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

165,891

AMORTISATION

At 1 April 2024

33,178

Amortisation for year

8,295

At 31 March 2025

41,473

NET BOOK VALUE

At 31 March 2025

124,418

At 31 March 2024

132,713

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

80,333

102,873

124,048

Additions

-

25,094

-

At 31 March 2025

80,333

127,967

124,048

DEPRECIATION

At 1 April 2024

1,607

50,212

29,790

Charge for year

1,606

19,196

18,607

At 31 March 2025

3,213

69,408

48,397

NET BOOK VALUE

At 31 March 2025

77,120

58,559

75,651

At 31 March 2024

78,726

52,661

94,258

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

70,171

5,001

382,426

Additions

-

4,473

29,567

At 31 March 2025

70,171

9,474

411,993

DEPRECIATION

At 1 April 2024

22,434

2,057

106,100

Charge for year

10,526

3,158

53,093

At 31 March 2025

32,960

5,215

159,193

NET BOOK VALUE

At 31 March 2025

37,211

4,259

252,800

At 31 March 2024

47,737

2,944

276,326

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

63,667

45,915

Other debtors

76,050

75,850

139,717

121,765

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

66,608

65,603

Hire purchase contracts

17,815

20,505

Trade creditors

-

2,832

Tax

11,777

-

Social security and other taxes

1,124

6,345

Pension payable

498

600

Other creditors

22,545

17,386

Directors' current accounts

22

156

Accrued expenses

2,253

2,146

122,642

115,573

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

313,393

299,097

Hire purchase contracts

52,315

52,823

365,708

351,920

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

46,739

42,571

Deferred

tax

£

Balance at 1 April 2024

42,571

Provided during year

4,168

Balance at 31 March 2025

46,739

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary shares

1.00

2

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Dr G Bharadwaj

Balance outstanding at start of year

(156

)

(289

)

Amounts advanced

135,263

202,192

Amounts repaid

(135,129

)

(202,059

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(22

)

(156

)