REGISTERED NUMBER: SC647233 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sloan Dental MC Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr N Sloan

Dr A Sloan

REGISTERED OFFICE:

125 High Street

Glasgow

G1 1PH

REGISTERED NUMBER:

SC647233 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Tangible assets

4

390,985

383,454

CURRENT ASSETS

Stocks

2,000

1,575

Debtors

5

124,339

54,725

Cash at bank and in hand

60,124

38,653

186,463

94,953

CREDITORS

Amounts falling due within one year

6

547,815

502,825

NET CURRENT LIABILITIES

(361,352

)

(407,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,633

(24,418

)

CREDITORS

Amounts falling due after more than one year

7

(9,881

)

(20,132

)

PROVISIONS FOR LIABILITIES

9

(10,081

)

(7,137

)

NET ASSETS/(LIABILITIES)

9,671

(51,687

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

9,571

(51,787

)

SHAREHOLDERS' FUNDS

9,671

(51,687

)

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 23 December 2025 and were signed on its behalf by:

Dr N Sloan - Director

1.	STATUTORY INFORMATION

Sloan Dental MC Limited 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

331,314

77,804

6,832

Additions

-

27,185

1,389

At 31 March 2025

331,314

104,989

8,221

DEPRECIATION

At 1 April 2024

-

34,288

2,887

Charge for year

-

17,675

1,333

At 31 March 2025

-

51,963

4,220

NET BOOK VALUE

At 31 March 2025

331,314

53,026

4,001

At 31 March 2024

331,314

43,516

3,945

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

4,999

6,831

427,780

Additions

-

-

28,574

At 31 March 2025

4,999

6,831

456,354

DEPRECIATION

At 1 April 2024

2,246

4,905

44,326

Charge for year

688

1,347

21,043

At 31 March 2025

2,934

6,252

65,369

NET BOOK VALUE

At 31 March 2025

2,065

579

390,985

At 31 March 2024

2,753

1,926

383,454

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

14,262

13,975

Amounts owed by group undertakings

105,592

38,708

Prepayments

4,485

2,042

124,339

54,725

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

10,012

9,774

Trade creditors

11,769

19,720

Amounts owed to group undertakings

5,101

5,077

Social security and other taxes

3,235

4,839

Pensions

362

376

Directors' current accounts

503,667

446,057

Accrued expenses

13,669

16,982

547,815

502,825

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

9,881

20,132

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

10,012

9,774

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,881

20,132

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

10,081

7,137

Deferred

tax

£

Balance at 1 April 2024

7,137

Provided during year

2,944

Balance at 31 March 2025

10,081

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary shares

1.00

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

Dr A Sloan and Dr N Sloan

Balance outstanding at start of year

(446,057

)

(384,068

)

Amounts advanced

32,446

28,011

Amounts repaid

(90,056

)

(90,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(503,667

)

(446,057

)

There are no specific repayment terms and no interest has been charged.