THE GLASGOW SMILE CLINIC LIMITED


Directors	GARDEE, Jameel, Dr
	SHER, Haroon


Registered Address	950 Argyle Street
	Glasgow
	G3 8LU


Registered Number	SC357104 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		400,000		-
Tangible assets	4		78,390		73,533
			478,390		73,533
Current assets
Stocks	5	4,573		4,573
Debtors	6	24,636		369,544
Cash at bank and on hand		154,045		221,398
		183,254		595,515
Creditors amounts falling due within one year	7	(217,195)		(244,494)
Net current assets (liabilities)			(33,941)		351,021
Total assets less current liabilities			444,449		424,554
Creditors amounts falling due after one year	8		(24,878)		(112,377)
Provisions for liabilities	10		(19,598)		(18,383)
Net assets			399,973		293,794
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			398,973		292,794
Shareholders' funds			399,973		293,794

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

GARDEE, Jameel, Dr
Director

SHER, Haroon
Director

Registered Company No. SC357104

THE GLASGOW SMILE CLINIC LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		7

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	220,000	220,000
Additions	400,000	400,000
At 31 March 25	620,000	620,000
Amortisation and impairment
At 01 April 24	220,000	220,000
At 31 March 25	220,000	220,000
Net book value
At 31 March 25	400,000	400,000
At 31 March 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	226,833	33,342	260,175
Additions	25,639	1,047	26,686
At 31 March 25	252,472	34,389	286,861
Depreciation and impairment
At 01 April 24	172,156	14,486	186,642
Charge for year	17,048	4,781	21,829
At 31 March 25	189,204	19,267	208,471
Net book value
At 31 March 25	63,268	15,122	78,390
At 31 March 24	54,677	18,856	73,533

5.	Stocks

	2025	2024
	£	£
Finished goods	4,573	4,573
Total	4,573	4,573

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,436	-
Other debtors	22,019	369,544
Prepayments and accrued income	1,181	-
Total	24,636	369,544

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	84,255	77,400
Taxation and social security	100,496	74,808
Finance lease and HP contracts	8,904	8,904
Other creditors	18,740	51,248
Accrued liabilities and deferred income	4,800	32,134
Total	217,195	244,494


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	18,200	96,795
Other creditors	6,678	15,582
Total	24,878	112,377

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	6,678		15,582

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	19,598	18,383
Total	19,598	18,383

11.	Directors advances, credits and guarantees
	At the year end balance of director loan account is: Mr Jameel Gradee NIL (2024 - £340 Cr) Mr Haroon Sher NIL (2024 -£22,411 Dr)