CB Dentistry Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC436068 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CB DENTISTRY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Burns

G Burns

SECRETARY:

C Burns

REGISTERED OFFICE:

4 Robert Burns Drive

Academy Grove

Bearsden

Glasgow

G61 3DD

REGISTERED NUMBER:

SC436068 (Scotland)

ACCOUNTANTS:

AGB Accounting & Tax Consultants Limited

27 Guardwell Crescent

Edinburgh

EH17 7JA

BANKERS:

HSBC Bank plc

2 Buchanan Street

Glasgow

G1 3LB

SOLICITORS:

Friels

Solicitors

The Cross

Main Street

Uddingston

G71 7ES

FIXED ASSETS

Tangible assets

4

31,980

36,210

CURRENT ASSETS

Debtors

5

123,430

147,235

Cash at bank

7,932

2,501

131,362

149,736

CREDITORS

Amounts falling due within one year

6

97,205

103,648

NET CURRENT ASSETS

34,157

46,088

TOTAL ASSETS LESS CURRENT LIABILITIES

66,137

82,298

CREDITORS

Amounts falling due after more than one year

7

(59,228

)

(74,747

)

PROVISIONS FOR LIABILITIES

(6,023

)

(6,815

)

NET ASSETS

886

736

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

786

636

SHAREHOLDERS' FUNDS

886

736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 26 March 2024 and were signed on its behalf by:

C Burns - Director

1.	STATUTORY INFORMATION

CB Dentistry Limited 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 represents dental services provided and are exempt from value added tax.

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.

Plant and machinery etc

-

25% on cost, 20% on cost and 20% on reducing balance

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.

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 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

93,157

Additions

4,611

At 31 March 2023

97,768

DEPRECIATION

At 1 April 2022

56,947

Charge for year

8,841

At 31 March 2023

65,788

NET BOOK VALUE

At 31 March 2023

31,980

At 31 March 2022

36,210

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

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

72,455

DEPRECIATION

At 1 April 2022

42,776

Charge for year

5,936

At 31 March 2023

48,712

NET BOOK VALUE

At 31 March 2023

23,743

At 31 March 2022

29,679

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

46,813

49,236

Other debtors

76,617

97,999

123,430

147,235

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

4,800

6,208

Hire purchase contracts

8,176

8,176

Taxation and social security

75,335

82,167

Other creditors

8,894

7,097

97,205

103,648

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

29,702

35,001

Hire purchase contracts

29,526

39,746

59,228

74,747

8.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

34,502

41,209

Hire purchase contracts

37,702

47,922

72,204

89,131

The bank loans are secured over the assets of the company and by a personal guarantee from the directors of the company.

Hire purchase creditors are secured over the asset to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Other debtors amounts falling due within one year is an amount of £24,861 (2022 - £35,656) due by C Burns and £24,861 (2022 - £35,656) due by G Burns, directors of the company. No fixed interest rates apply and the loans are repayable on demand.