REGISTERED NUMBER: SC403019 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

BRIAN CULLEN LTD.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Johnstone

Brite Holdings (Scotland) Limited

Dr G R McLean

REGISTERED OFFICE:

Berkeley House

5 Newton Terrace

Glasgow

G3 7PJ

REGISTERED NUMBER:

SC403019 (Scotland)

ACCOUNTANTS:

Profit Counts Limited

13 Glasgow Road

Paisley

Renfrewshire

PA1 3QS

FIXED ASSETS

Intangible assets

4

120,233

138,268

Tangible assets

5

267,022

265,480

387,255

403,748

CURRENT ASSETS

Stocks

2,681

2,576

Debtors

37,711

35,436

Cash at bank and in hand

13,444

5,002

53,836

43,014

CREDITORS

Amounts falling due within one year

(243,614

)

(230,248

)

NET CURRENT LIABILITIES

(189,778

)

(187,234

)

TOTAL ASSETS LESS CURRENT LIABILITIES

197,477

216,514

CREDITORS

Amounts falling due after more than one year

6

(68,983

)

(74,346

)

PROVISIONS FOR LIABILITIES

8

(15,720

)

(14,430

)

NET ASSETS

112,774

127,738

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

10

112,770

127,734

SHAREHOLDERS' FUNDS

112,774

127,738

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 December 2025 and were signed on its behalf by:

Brite Holdings (Scotland) Limited - Director

1.	STATUTORY INFORMATION

Brian Cullen 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 the business in 2011,is being amortised evenly over its estimated useful life of twenty years. In the opinion of the directors twenty years is considered acceptable due to the life of the patient care associated with dental list numbers.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 2% on cost

Plant and machinery - 10 - 25% on cost

Fixtures and fittings - 10 - 25% on cost

Motor vehicles - 25% on cost

Amortisation - 5% over 20 years

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

360,700

AMORTISATION

At 1 April 2024

222,432

Amortisation for year

18,035

At 31 March 2025

240,467

NET BOOK VALUE

At 31 March 2025

120,233

At 31 March 2024

138,268

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

476,604

Additions

29,437

Transfer to ownership

(49,200

)

At 31 March 2025

456,841

DEPRECIATION

At 1 April 2024

211,124

Charge for year

27,895

Transfer to ownership

(49,200

)

At 31 March 2025

189,819

NET BOOK VALUE

At 31 March 2025

267,022

At 31 March 2024

265,480

The net book value of tangible fixed assets includes £23,562 (2024: £845) in respect of assets held under hire purchase contracts.The depreciation charge for the year in respect of these assets was £1,202 (2024 : £1,959).

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

3,870

13,793

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

63,870

73,793

Hire purchase contracts

20,260

-

84,130

73,793

The bank loan is secured by a floating charge over all of the company's assets including interest and expenses.

The hire purchase liabilities are secured over the assets being financed.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

15,720

14,430

Deferred

tax

£

Balance at 1 April 2024

14,430

Provided during year

1,290

Balance at 31 March 2025

15,720

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary A

£1

2

2

2

Ordinary B

£1

2

2

4

4

10.

RESERVES

Retained

earnings

£

At 1 April 2024

127,734

Deficit for the year

(14,964

)

At 31 March 2025

112,770

11.	RELATED PARTY DISCLOSURES

During the year the company paid consultancy fees totalling £48,345 (2024: £44,753) to Brite Holdings (Scotland) Limited, a company under common control.

During the year the company paid £45,010 (2024: £46,209) in management fees to Brite Services (Scotland) Limited, a company under common control.

During the year the company made £nil purchases (2024 £7,620) from Brite (Gilmerton) Ltd, a company under common control.

During the year the company made purchases of £16,783 (2024: £12,018) from 3DDenta Ltd, a company under common control.

During the year the company made purchases of £8,376 (2024: £nil) from Fusion Digital Dental Lab (Scotland) Ltd, a company under common control.

The company is controlled by its parent company Bright Holdings (Scotland) Limited by virtue of its shareholding.