REGISTERED NUMBER: SC688977 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Xpert Smile Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

703,860

791,842

Tangible assets

5

187,494

195,720

891,354

987,562

CURRENT ASSETS

Stocks

1,250

1,150

Debtors

6

91,635

68,709

Cash at bank and in hand

141,851

135,752

234,736

205,611

CREDITORS

Amounts falling due within one year

7

(254,067

)

(358,024

)

NET CURRENT LIABILITIES

(19,331

)

(152,413

)

TOTAL ASSETS LESS CURRENT LIABILITIES

872,023

835,149

CREDITORS

Amounts falling due after more than one year

8

(510,034

)

(513,081

)

PROVISIONS FOR LIABILITIES

(6,936

)

(13,416

)

NET ASSETS

355,053

308,652

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

354,953

308,552

SHAREHOLDERS' FUNDS

355,053

308,652

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 22 December 2025 and were signed on its behalf by:

Dr. P Arora - Director

R Bhatnagar - Director

1.	STATUTORY INFORMATION

Xpert Smile Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC688977. The registered office is 26-30 Countess Street, Saltcoats, North Ayrshire, KA21 5HW.

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 represents net invoiced sales of goods and services in respect of dental practice activities. Sales are recognised at the point at which the goods are delivered or the service is complete.

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 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 and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

879,825

AMORTISATION

At 1 April 2024

87,983

Charge for year

87,982

At 31 March 2025

175,965

NET BOOK VALUE

At 31 March 2025

703,860

At 31 March 2024

791,842

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

99,197

164,849

264,046

Additions

-

41,427

41,427

At 31 March 2025

99,197

206,276

305,473

DEPRECIATION

At 1 April 2024

-

68,326

68,326

Charge for year

-

49,653

49,653

At 31 March 2025

-

117,979

117,979

NET BOOK VALUE

At 31 March 2025

99,197

88,297

187,494

At 31 March 2024

99,197

96,523

195,720

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

91,635

68,709

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

12,238

21,430

Trade creditors

40,495

66,166

Taxation and social security

52,675

31,888

Other creditors

148,659

238,540

254,067

358,024

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

510,034

513,081

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

461,081

412,804