REGISTERED NUMBER: SC607433 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Devine Dental Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P Devine

Mrs C Devine

REGISTERED OFFICE:

24 High Street

Linlithgow

EH49 7AE

REGISTERED NUMBER:

SC607433 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

619,000

662,750

Tangible assets

5

347,981

645,689

966,981

1,308,439

CURRENT ASSETS

Stocks

43,122

37,197

Debtors

6

131,999

113,627

Cash at bank

619,228

175,192

794,349

326,016

CREDITORS

Amounts falling due within one year

7

357,965

425,359

NET CURRENT ASSETS/(LIABILITIES)

436,384

(99,343

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,403,365

1,209,096

CREDITORS

Amounts falling due after more than one year

8

(599,131

)

(687,847

)

PROVISIONS FOR LIABILITIES

10

(86,995

)

(85,701

)

NET ASSETS

717,239

435,548

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

717,139

435,448

SHAREHOLDERS' FUNDS

717,239

435,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2026 and were signed on its behalf by:

Dr P Devine - Director

1.	STATUTORY INFORMATION

Devine Dental 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 2019, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

Not depreciated

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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 25 (2025 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

875,000

AMORTISATION

At 1 April 2025

212,250

Amortisation for year

43,750

At 31 March 2026

256,000

NET BOOK VALUE

At 31 March 2026

619,000

At 31 March 2025

662,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

300,000

429,338

33,668

Additions

-

69,803

-

Disposals

(300,000

)

-

-

At 31 March 2026

-

499,141

33,668

DEPRECIATION

At 1 April 2025

-

154,894

9,695

Charge for year

-

51,637

3,596

At 31 March 2026

-

206,531

13,291

NET BOOK VALUE

At 31 March 2026

-

292,610

20,377

At 31 March 2025

300,000

274,444

23,973

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

79,066

25,293

867,365

Additions

-

421

70,224

Disposals

-

-

(300,000

)

At 31 March 2026

79,066

25,714

637,589

DEPRECIATION

At 1 April 2025

41,077

16,010

221,676

Charge for year

9,497

3,202

67,932

At 31 March 2026

50,574

19,212

289,608

NET BOOK VALUE

At 31 March 2026

28,492

6,502

347,981

At 31 March 2025

37,989

9,283

645,689

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

18,000

79,066

97,066

DEPRECIATION

At 1 April 2025

10,521

41,077

51,598

Charge for year

1,122

9,497

10,619

At 31 March 2026

11,643

50,574

62,217

NET BOOK VALUE

At 31 March 2026

6,357

28,492

34,849

At 31 March 2025

7,479

37,989

45,468

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

78,728

70,965

Directors' current accounts

42,000

42,000

Prepayments

11,271

662

131,999

113,627

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts (see note 9)

25,610

272,406

Hire purchase contracts

22,407

29,079

Trade creditors

47,434

36,262

Tax

192,750

54,408

Social security and other taxes

10,106

8,100

Pensions

2,458

1,845

Credit card

52,323

18,842

Accrued expenses

4,877

4,417

357,965

425,359

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans (see note 9)

570,590

636,899

Hire purchase contracts

28,541

50,948

599,131

687,847

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

£

Amounts falling due within one year or on demand:

Bank loans

25,610

272,406

Amounts falling due between two and five years:

Bank loans - 2-5 years

570,590

636,899

10.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

86,995

85,701

Deferred

tax

£

Balance at 1 April 2025

85,701

Provided during year

1,294

Balance at 31 March 2026

86,995

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

51

Ordinary A

£1

51

51

49

Ordinary B

£1

49

49

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Dr P Devine and Mrs C Devine

Balance outstanding at start of year

42,000

42,001

Amounts advanced

284,111

240,368

Amounts repaid

(284,111

)

(240,369

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,000

42,000

Interest has been charged at an average rate of 3.75% per annum. The loan was repaid shortly after the year end.