REGISTERED NUMBER: 12425477 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Vitruvian Cosmetic Dentistry Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss K J Galloway

J A Nolan

REGISTERED OFFICE:

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

REGISTERED NUMBER:

12425477 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

979,512

535,768

CURRENT ASSETS

Stocks

40,576

50,000

Debtors

5

491,448

237,002

Cash at bank and in hand

589,920

482,104

1,121,944

769,106

CREDITORS

Amounts falling due within one year

6

1,147,535

599,879

NET CURRENT (LIABILITIES)/ASSETS

(25,591

)

169,227

TOTAL ASSETS LESS CURRENT LIABILITIES

953,921

704,995

CREDITORS

Amounts falling due after more than one year

7

(654,042

)

(319,796

)

PROVISIONS FOR LIABILITIES

(83,638

)

(79,190

)

NET ASSETS

216,241

306,009

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

216,239

306,007

216,241

306,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

J A Nolan - Director

1.	STATUTORY INFORMATION

Vitruvian Cosmetic Dentistry Ltd is a private company, limited by shares , registered in England and Wales. 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 represents fees receivable for the provision of dental services and for sales of goods where applicable. The company is not VAT registered .

Where any treatment is ongoing, this is included as income based on the percentage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Equipment and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Equipment

Fixtures

to

and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

314,574

331,988

24,346

Additions

417,680

25,227

3,578

At 31 December 2024

732,254

357,215

27,924

DEPRECIATION

At 1 January 2024

90,458

125,038

5,290

Charge for year

35,649

46,436

4,526

At 31 December 2024

126,107

171,474

9,816

NET BOOK VALUE

At 31 December 2024

606,147

185,741

18,108

At 31 December 2023

224,116

206,950

19,056

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

110,233

8,292

789,433

Additions

123,874

9,161

579,520

At 31 December 2024

234,107

17,453

1,368,953

DEPRECIATION

At 1 January 2024

29,163

3,716

253,665

Charge for year

44,975

4,190

135,776

At 31 December 2024

74,138

7,906

389,441

NET BOOK VALUE

At 31 December 2024

159,969

9,547

979,512

At 31 December 2023

81,070

4,576

535,768

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment

and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

237,731

109,789

347,520

Additions

-

123,000

123,000

At 31 December 2024

237,731

232,789

470,520

DEPRECIATION

At 1 January 2024

101,689

29,163

130,852

Charge for year

27,209

44,756

71,965

At 31 December 2024

128,898

73,919

202,817

NET BOOK VALUE

At 31 December 2024

108,833

158,870

267,703

At 31 December 2023

136,042

80,626

216,668

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

86,830

-

Other debtors

404,618

237,002

491,448

237,002

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,247

8,914

Hire purchase contracts (see note 8)

65,523

53,647

Trade creditors

254,137

84,504

Taxation and social security

21,785

93,616

Other creditors

796,843

359,198

1,147,535

599,879

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

78,855

88,101

Hire purchase contracts (see note 8)

198,188

169,635

Other creditors

376,999

62,060

654,042

319,796

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

34,528

45,794

Other loans more 5yrs instal

121,434

-

155,962

45,794

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

65,523

53,647

Between one and five years

198,188

169,635

263,711

223,282

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

117,128

57,040

Between one and five years

409,738

56,788

526,866

113,828

9.	SECURED DEBTS

National Westminster Bank PLC holds a fixed and floating charge over all of the property and undertakings of the company.

The directors have provided a personal guarantee for the finance in the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

J A Nolan and Miss K J Galloway

Balance outstanding at start of year

35,939

150,584

Amounts advanced

207,553

80,483

Amounts repaid

(178,197

)

(195,128

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

65,295

35,939

Interest has been charged at the official rate.

This is repayable on demand.