REGISTERED NUMBER: SC682449 (Scotland)

Unaudited Financial Statements

for the Period 1 December 2024 to 31 March 2026

for

Bank Street Dental Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Dr D J Offord

REGISTERED OFFICE:

19 Bank Street

Galashiels

Borders

TD1 1EN

REGISTERED NUMBER:

SC682449 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

75,093

81,920

Tangible assets

5

56,792

105,679

131,885

187,599

CURRENT ASSETS

Stocks

8,940

6,495

Debtors

6

81,672

58,854

Cash at bank and in hand

1,278,199

904,263

1,368,811

969,612

CREDITORS

Amounts falling due within one year

7

233,659

252,778

NET CURRENT ASSETS

1,135,152

716,834

TOTAL ASSETS LESS CURRENT LIABILITIES

1,267,037

904,433

CREDITORS

Amounts falling due after more than one year

8

-

(27,928

)

PROVISIONS FOR LIABILITIES

9

(14,198

)

(26,420

)

NET ASSETS

1,252,839

850,085

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,252,739

849,985

SHAREHOLDERS' FUNDS

1,252,839

850,085

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2026 and were signed on its behalf by:

Dr D J Offord - Director

1.	STATUTORY INFORMATION

Bank Street 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 2020, 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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 period was 16 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 31 March 2026

102,400

AMORTISATION

At 1 December 2024

20,480

Amortisation for period

6,827

At 31 March 2026

27,307

NET BOOK VALUE

At 31 March 2026

75,093

At 30 November 2024

81,920

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

119,824

27,797

54,035

5,341

206,997

Additions

-

-

-

2,159

2,159

Disposals

-

-

(54,035

)

-

(54,035

)

At 31 March 2026

119,824

27,797

-

7,500

155,121

DEPRECIATION

At 1 December 2024

63,565

12,834

23,640

1,279

101,318

Charge for period

15,002

3,990

10,132

1,659

30,783

Eliminated on disposal

-

-

(33,772

)

-

(33,772

)

At 31 March 2026

78,567

16,824

-

2,938

98,329

NET BOOK VALUE

At 31 March 2026

41,257

10,973

-

4,562

56,792

At 30 November 2024

56,259

14,963

30,395

4,062

105,679

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

30.11.24

£

£

Trade debtors

77,718

56,717

Other debtors

2,448

-

Prepayments

1,506

2,137

81,672

58,854

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

30.11.24

£

£

Hire purchase contracts

-

3,790

Trade creditors

23,049

38,282

Tax

184,162

123,163

Social security and other taxes

3,958

2,339

Pension payable

396

1,029

Other creditors

235

75,778

Directors' current accounts

3,214

3,721

Income received in advance

1,875

-

Accrued expenses

16,770

4,676

233,659

252,778

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

30.11.24

£

£

Hire purchase contracts

-

27,928

9.	PROVISIONS FOR LIABILITIES

31.3.26

30.11.24

£

£

Deferred tax

14,198

26,420

Deferred

tax

£

Balance at 1 December 2024

26,420

Provided during period

(12,222

)

Balance at 31 March 2026

14,198

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

30.11.24

value:

£

£

55

Ordinary

£1

55

55

45

Ordinary A Shares

£1

45

45

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2026 and the year ended 30 November 2024:

31.3.26

30.11.24

£

£

Dr G D Canning and Dr G D Canning

Balance outstanding at start of period

(3,721

)

(1,701

)

Amounts advanced

2,007

674

Amounts repaid

(1,500

)

(2,694

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(3,214

)

(3,721

)