Fiacail Limited - Filleted accounts

Registered number

SC472441

Fiacail Limited

Filleted Accounts

31 August 2025

Fiacail Limited
Registered number:		SC472441
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		82,160			123,260
Tangible assets	4		434,620			436,810
			516,780			560,070

Current assets
Stocks		9,150			8,900
Debtors	5	35,776			42,375
Cash at bank and in hand		139,969			123,110
		184,895			174,385

Creditors: amounts falling due within one year	6	(187,319)			(194,018)

Net current liabilities			(2,424)			(19,633)

Total assets less current liabilities			514,356			540,437

Creditors: amounts falling due after more than one year	7		(449,387)			(486,140)

Provisions for liabilities			(25,893)			(26,441)


Net assets			39,076			27,856

Capital and reserves
Called up share capital			200			200
Revaluation reserve	9		(30,828)			-
Profit and loss account			69,704			27,656

Shareholders' funds			39,076			27,856

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr E Ferguson
Director
Approved by the board on 21 May 2026

Fiacail Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings			0%
	Fixtures and fittings			10 years straight line
	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					17		13


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 September 2024							411,000
	At 31 August 2025							411,000

	Amortisation
	At 1 September 2024							287,740
	Provided during the year							41,100
	At 31 August 2025							328,840

	Net book value
	At 31 August 2025							82,160
	At 31 August 2024							123,260

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Fixtures, fittings, plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	330,828		184,356		101,980		617,164
	Additions	-		480		84,405		84,885
	Surplus on revaluation	(30,828)		-		-		(30,828)
	Disposals	-		-		(101,980)		(101,980)
	At 31 August 2025	300,000		184,836		84,405		569,241

	Depreciation
	At 1 September 2024	-		110,641		69,713		180,354
	Charge for the year	-		22,222		19,186		41,408
	On disposals	-		-		(87,141)		(87,141)
	At 31 August 2025	-		132,863		1,758		134,621

	Net book value
	At 31 August 2025	300,000		51,973		82,647		434,620
	At 31 August 2024	330,828		73,715		32,267		436,810


5	Debtors					2025		2024
£							£

	Trade debtors					32,762		37,487
	Other debtors					3,014		4,888
						35,776		42,375


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					59,938		60,193
	Obligations under finance lease and hire purchase contracts					8,750		-
	Trade creditors					8,054		9,611
	Accrued charges					26,990		41,327
	Taxation and social security costs					83,587		82,504
	Other creditors					-		383
						187,319		194,018


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					423,866		486,140
	Obligations under finance lease and hire purchase contracts					25,521		-
						449,387		486,140


8	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					518,075		523,023

	The bank borrowings with Bank of Scotland Plc are secured by a fixed charge over the company’s property and undertaking. The hire purchase creditor with Lloyds Bank Plc is secured over the motor vehicle assets of the company.


9	Revaluation reserve					2025		2024
£							£

	Loss on revaluation of land and buildings					(30,828)		-

	At 31 August 2025					(30,828)		-


10	Controlling party

	The directors, Dr E Ferguson and Dr J Calder, held a 100% beneficial interest in the share capital of the company.


11	Other information

	Fiacail Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Broughty Ferry Dental Care
	361 Brook Street Broughty Ferry
	Dundee
	DD5 2DS