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REGISTERED NUMBER: 07180570 (England and Wales)









SIMPLY ORTHODONTICS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2021






SIMPLY ORTHODONTICS LTD (REGISTERED NUMBER: 07180570)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2021










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SIMPLY ORTHODONTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2021







DIRECTOR: Dr S Bagheri





REGISTERED OFFICE: Suite A, 2nd Floor
Kennedy House
31 Stamford Street
Altrincham
Cheshire
WA14 1ES





REGISTERED NUMBER: 07180570 (England and Wales)





ACCOUNTANTS: Sheppards
Chartered Accountants
Suite A, 2nd Floor
Kennedy House
31 Stamford Street
Altrincham
Cheshire
WA14 1ES

SIMPLY ORTHODONTICS LTD (REGISTERED NUMBER: 07180570)

BALANCE SHEET
30TH SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 180,655 244,416
Tangible assets 5 14,048 18,731
194,703 263,147

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 467,739 410,409
472,739 415,409
CREDITORS
Amounts falling due within one year 7 498,320 381,762
NET CURRENT (LIABILITIES)/ASSETS (25,581 ) 33,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,122

296,794

CREDITORS
Amounts falling due after more than one
year

8

(41,177

)

(22,991

)

PROVISIONS FOR LIABILITIES (1,440 ) (3,245 )
NET ASSETS 126,505 270,558

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 126,501 270,554
126,505 270,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SIMPLY ORTHODONTICS LTD (REGISTERED NUMBER: 07180570)

BALANCE SHEET - continued
30TH SEPTEMBER 2021


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 director and authorised for issue on 22nd August 2022 and were signed by:





Dr S Bagheri - Director


SIMPLY ORTHODONTICS LTD (REGISTERED NUMBER: 07180570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2021


1. STATUTORY INFORMATION

Simply Orthodontics Ltd is a private company, limited by shares , registered in England and Wales. 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 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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

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
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.

SIMPLY ORTHODONTICS LTD (REGISTERED NUMBER: 07180570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2020 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2020
and 30th September 2021 637,614
AMORTISATION
At 1st October 2020 393,198
Charge for year 63,761
At 30th September 2021 456,959
NET BOOK VALUE
At 30th September 2021 180,655
At 30th September 2020 244,416

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2020
and 30th September 2021 51,629
DEPRECIATION
At 1st October 2020 32,898
Charge for year 4,683
At 30th September 2021 37,581
NET BOOK VALUE
At 30th September 2021 14,048
At 30th September 2020 18,731

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 67,239 65,324
Amounts owed by group undertakings 83,736 196,440
Other debtors 316,764 148,645
467,739 410,409

SIMPLY ORTHODONTICS LTD (REGISTERED NUMBER: 07180570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 61,164 49,327
Trade creditors 19,783 23,986
Amounts owed to group undertakings 156,494 90,654
Taxation and social security 53,738 31,738
Other creditors 207,141 186,057
498,320 381,762

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 41,177 22,991

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 72,470 42,885

The bank loans are secured by way of a fixed and floating charge and negative pledge over the company's assets.

The company is also party to a cross guarantee of bank borrowings by group companies.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2021 and 30th September 2020:

2021 2020
£    £   
Dr S Bagheri
Balance outstanding at start of year 148,644 50,434
Amounts advanced 168,120 98,210
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 316,764 148,644

11. CONTROLLING PARTY

The company is a wholly owned subsidiary of The Orthodontist Ltd, a company incorporated in England and Wales.