REGISTERED NUMBER: SC707105 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Shanks Dental Care Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Dr N R C Shanks

Dr A M S Shanks

REGISTERED OFFICE:

55 Captain's Road

Edinburgh

Lothian

EH17 8HP

REGISTERED NUMBER:

SC707105 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

539,996

573,746

Tangible assets

5

387,399

407,403

927,395

981,149

CURRENT ASSETS

Stocks

12,500

12,500

Debtors

6

229,893

162,212

Cash at bank and in hand

43,739

40,992

286,132

215,704

CREDITORS

Amounts falling due within one year

7

176,803

150,199

NET CURRENT ASSETS

109,329

65,505

TOTAL ASSETS LESS CURRENT LIABILITIES

1,036,724

1,046,654

CREDITORS

Amounts falling due after more than one year

8

(586,716

)

(640,690

)

PROVISIONS FOR LIABILITIES

9

(15,941

)

(20,942

)

NET ASSETS

434,067

385,022

CAPITAL AND RESERVES

Called up share capital

10

325,100

325,100

Retained earnings

108,967

59,922

SHAREHOLDERS' FUNDS

434,067

385,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 29 May 2026 and were signed on its behalf by:

Dr N R C Shanks - Director

1.	STATUTORY INFORMATION

Shanks Dental Care 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.

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 a business in 2021, is being amortised evenly over its estimated useful life of twenty years.

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.

Freehold property

-

Not depreciated

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33.33% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

674,995

AMORTISATION

At 1 December 2024

101,249

Amortisation for year

33,750

At 30 November 2025

134,999

NET BOOK VALUE

At 30 November 2025

539,996

At 30 November 2024

573,746

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 December 2024

323,635

69,074

7,084

Buildings additions

-

3,564

-

At 30 November 2025

323,635

72,638

7,084

DEPRECIATION

At 1 December 2024

-

25,874

2,253

Charge for year

-

11,691

725

At 30 November 2025

-

37,565

2,978

NET BOOK VALUE

At 30 November 2025

323,635

35,073

4,106

At 30 November 2024

323,635

43,200

4,831

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

54,090

12,112

465,995

Buildings additions

-

-

3,564

At 30 November 2025

54,090

12,112

469,559

DEPRECIATION

At 1 December 2024

23,664

6,801

58,592

Charge for year

7,607

3,545

23,568

At 30 November 2025

31,271

10,346

82,160

NET BOOK VALUE

At 30 November 2025

22,819

1,766

387,399

At 30 November 2024

30,426

5,311

407,403

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

61,622

43,723

Directors' current accounts

168,271

118,189

Prepayments

-

300

229,893

162,212

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

34,430

30,882

Hire purchase contracts

15,997

15,997

Trade creditors

6,456

9,858

Tax

87,359

56,629

Social security and other taxes

5,946

3,853

Pension

-

864

Accruals and deferred income

26,615

22,116

Accrued expenses

-

10,000

176,803

150,199

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans > 1 year

543,828

581,805

Hire purchase contracts

42,888

58,885

586,716

640,690

9.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

15,941

20,942

Deferred

tax

£

Balance at 1 December 2024

20,942

Provided during year

(5,001

)

Balance at 30 November 2025

15,941

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

325,050

Ordinary A

£1

325,050

325,050

50

Ordinary B

£1

50

50

325,100

325,100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

Dr N R C Shanks and Dr A M S Shanks

Balance outstanding at start of year

118,189

72,290

Amounts advanced

236,970

219,679

Amounts repaid

(186,888

)

(173,780

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

168,271

118,189