Company No: SC486012 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2026		31.07.2025
		£		£
Fixed assets
Intangible assets	4	5,400		8,100
Tangible assets	5	156,743		161,313
		162,143		169,413
Current assets
Stocks	6	7,550		5,580
Debtors	7	109,862		101,589
Cash at bank and in hand	8	126,773		213,799
		244,185		320,968
Creditors: amounts falling due within one year	9	( 201,345)		( 178,817)
Net current assets		42,840		142,151
Total assets less current liabilities		204,983		311,564
Creditors: amounts falling due after more than one year	10	( 122,575)		( 118,270)
Provision for liabilities		( 36,592)		( 37,773)
Net assets		45,816		155,521
Capital and reserves
Called-up share capital		100		100
Profit and loss account		45,716		155,421
Total shareholders' funds		45,816		155,521

For the financial period ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of McManus & Scott Holytown Limited (registered number: SC486012) were approved and authorised for issue by the Board of Directors on 30 September 2026. They were signed on its behalf by:

Dr James Mcmanus Director

Dr Lee-Anne Scott Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

McManus & Scott Holytown Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Mcmanus And Scott Dental Surgeries 5 Main Street, Holytown, Motherwell, ML1 4TA, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

These financial statements cover the period 01/08/25 to 31/03/26. The previous financial statements covered the year from 01/08/24 to 31/07/25, therefore the comparatives are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

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

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	Period from 01.08.2025 to 31.03.2026		Year ended 31.07.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	9		12

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 August 2025	40,500		40,500
At 31 March 2026	40,500		40,500
Accumulated amortisation
At 01 August 2025	32,400		32,400
Charge for the financial period	2,700		2,700
At 31 March 2026	35,100		35,100
Net book value
At 31 March 2026	5,400		5,400
At 31 July 2025	8,100		8,100

5. Tangible assets

	Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£
Cost
At 01 August 2025	323,441		163,555		2,498		489,494
Additions	25,416		0		0		25,416
At 31 March 2026	348,857		163,555		2,498		514,910
Accumulated depreciation
At 01 August 2025	291,632		35,456		1,093		328,181
Charge for the financial period	8,403		21,349		234		29,986
At 31 March 2026	300,035		56,805		1,327		358,167
Net book value
At 31 March 2026	48,822		106,750		1,171		156,743
At 31 July 2025	31,809		128,099		1,405		161,313

6. Stocks

	31.03.2026		31.07.2025
	£		£
Stocks	7,550		5,580

7. Debtors

	31.03.2026		31.07.2025
	£		£
Trade debtors	108,284		100,206
Prepayments	1,578		1,383
	109,862		101,589

8. Cash and cash equivalents

	31.03.2026		31.07.2025
	£		£
Cash at bank and in hand	126,773		213,799

9. Creditors: amounts falling due within one year

	31.03.2026		31.07.2025
	£		£
Bank loans	1,667		8,334
Amounts owed to directors	1,171		1,165
Accruals	42,219		47,779
Taxation and social security	123,316		93,233
Obligations under finance leases and hire purchase contracts	21,532		17,844
Other creditors	11,440		10,462
	201,345		178,817

10. Creditors: amounts falling due after more than one year

	31.03.2026		31.07.2025
	£		£
Obligations under finance leases and hire purchase contracts	122,575		118,270

There are no amounts included above in respect of which any security has been given by the small entity.

11. Related party transactions

Transactions with the entity's directors

	31.03.2026		31.07.2025
	£		£
Amounts owed to directors	1,172		1,166

The loan is unsecured, interest free and repayable on demand.