Laidlaw Dental Surgeons Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC335497 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Laidlaw Dental Surgeons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr David Roger Laidlaw

Mrs Jacqueline Laidlaw

SECRETARY:

Mrs Jacqueline Laidlaw

REGISTERED OFFICE:

Siantar

Craigmyle Road

Torphins

Banchory

Aberdeenshire

AB31 4HN

REGISTERED NUMBER:

SC335497 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

832

134

CURRENT ASSETS

Debtors

5

17,195

11,880

Cash at bank

49,399

33,375

66,594

45,255

CREDITORS

Amounts falling due within one year

6

36,168

23,633

NET CURRENT ASSETS

30,426

21,622

TOTAL ASSETS LESS CURRENT LIABILITIES

31,258

21,756

PROVISIONS FOR LIABILITIES

7

131

26

NET ASSETS

31,127

21,730

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

31,027

21,630

SHAREHOLDERS' FUNDS

31,127

21,730

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2023 and were signed on its behalf by:

Mrs Jacqueline Laidlaw - Director

1.	STATUTORY INFORMATION

Laidlaw Dental Surgeons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of dental surgeons.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fittings and equipment

-

20% on reducing balance

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

Contributions payable to the directors' pension scheme are charged to the profit and loss account in the period to which they relate.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

and

equipment

£

COST

At 1 April 2022

999

Additions

725

At 31 March 2023

1,724

DEPRECIATION

At 1 April 2022

865

Charge for year

27

At 31 March 2023

892

NET BOOK VALUE

At 31 March 2023

832

At 31 March 2022

134

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

17,195

11,880

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

19,301

16,748

Other creditors

16,867

6,885

36,168

23,633

7.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

131

26

Deferred

Other

tax

provisions

£

£

Balance at 1 April 2022

26

82

Provided during year

105

-

Balance at 31 March 2023

131

82

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY