OBO Dental Care Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

OBO Dental Care Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI657478 . The registered office is 1 Manor Drive, Lisburn, BT28 1JH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of Services

Turnover from the rendering of services is recognised by refernece 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

intangible assets are amortised to profit and loss account over its estimated economic life of 10 years

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% Straight Line
Fixtures & Fittings	20% Straight Line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Page 3

Page 4

OBO Dental Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Intangible Assets

	Other
	£
Cost
As at 1 December 2024	47,738

As at 30 November 2025	47,738

Amortisation
As at 1 December 2024	27,744
Provided during the period	4,774

As at 30 November 2025	32,518

Net Book Value
As at 30 November 2025	15,220

As at 1 December 2024	19,994

Page 4

Page 5

OBO Dental Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 December 2024	116,853	35,636	152,489
Additions	4,041	3,600	7,641

As at 30 November 2025	120,894	39,236	160,130

Depreciation
As at 1 December 2024	16,287	31,750	48,037
Provided during the period	12,099	1,462	13,561

As at 30 November 2025	28,386	33,212	61,598

Net Book Value
As at 30 November 2025	92,508	6,024	98,532

As at 1 December 2024	100,566	3,886	104,452

6. Stocks

	2025	2024
	£	£
Stock	14,000	14,000

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

7. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	585,590	496,025
Other debtors	2,275	13,752

	587,865	509,777

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	26,033	24,236
Bank loans and overdrafts	-	5,816
Amounts owed to group undertakings	605,350	626,542
Other creditors	3,436	3,111
Taxation and social security	35,049	6,307

	669,868	666,012

Page 5

Page 6

OBO Dental Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,169	29,626

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	26,033	24,236
Later than one year and not later than five years	2,169	29,626

	28,202	53,862

	28,202	53,862

11. Related Party Transactions

The Company has taken advantage of the exemption available under FRS 102 from disclosing transactions entered into between members of the same group where any subsidiary which is party to the transaction is wholly owned by such a member.

Page 6

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		15,220		19,994
Tangible Assets	5		98,532		104,452

			113,752		124,446
CURRENT ASSETS
Stocks	6	14,000		14,000
Debtors	7	587,865		509,777
Cash at bank and in hand		59,484		113,051

		661,349		636,828
Creditors: Amounts Falling Due Within One Year	8	(669,868 )		(666,012 )

NET CURRENT ASSETS (LIABILITIES)			(8,519 )		(29,184 )

TOTAL ASSETS LESS CURRENT LIABILITIES			105,233		95,262

Creditors: Amounts Falling Due After More Than One Year	9		(2,169 )		(29,626 )

NET ASSETS			103,064		65,636

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			103,063		65,635

SHAREHOLDERS' FUNDS			103,064		65,636