2022-01-012022-12-312022-12-31false11115043SOUTHWEST ORTHODONTISTS 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SOUTHWEST ORTHODONTISTS LIMITED

Registered Number
11115043
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

SOUTHWEST ORTHODONTISTS LIMITED
Company Information
for the year from 1 January 2022 to 31 December 2022

Directors

JAISINGHANI, Aneel Kumar
JAISINGHANI, Shakantla
MALIK, Ovais Humair
MALIK, Sehr

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

11115043 (England and Wales)
SOUTHWEST ORTHODONTISTS LIMITED
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets638,52845,546
38,52845,546
Current assets
Stocks911,39810,122
Debtors818,288539,046
Cash at bank and on hand64,235469,099
893,9211,018,267
Creditors amounts falling due within one year12(792,704)(925,166)
Net current assets (liabilities)101,21793,101
Total assets less current liabilities139,745138,647
Creditors amounts falling due after one year13(28,019)(35,516)
Net assets111,726103,131
Capital and reserves
Called up share capital1002
Profit and loss account111,626103,129
Shareholders' funds111,726103,131
The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2023, and are signed on its behalf by:
JAISINGHANI, Aneel Kumar
Director
Registered Company No. 11115043
SOUTHWEST ORTHODONTISTS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of dental practice.
4.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Office Equipment20
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20222021
Average number of employees during the year99
6.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 2254,2189,83111,55575,604
Additions-5791,8682,447
At 31 December 2254,21810,41013,42378,051
Depreciation and impairment
At 01 January 2221,8213,6064,63130,058
Charge for year6,4791,2911,6959,465
At 31 December 2228,3004,8976,32639,523
Net book value
At 31 December 2225,9185,5137,09738,528
At 31 December 2132,3976,2256,92445,546
7.Description of nature of transactions and balances with related parties
The amount owed by Southwest Property Developments Limited is £302,964 (2021:£300,864).
8.Guarantees and their terms, directors
At the year end, the company owed £622 (2021: £622) to the directors, Mr Aneel Jaisinghani and Mr O Malik.
9.Stocks

2022

2021

££
Other stocks11,39810,122
Total11,39810,122
10.Debtors within one year

2022

2021

££
Trade debtors / trade receivables82,06889,633
Other debtors433,257148,550
Total515,325238,183
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Debtors after one year

2022

2021

££
Amounts owed by group undertakings 302,964300,864
Total302,964300,864
12.Creditors within one year

2022

2021

££
Trade creditors / trade payables49,98918,571
Bank borrowings and overdrafts5,5155,515
Taxation and social security5,57324,720
Finance lease and HP contracts-1,672
Other creditors144,785171,006
Accrued liabilities and deferred income586,842703,682
Total792,704925,166
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
13.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts28,01935,516
Total28,01935,516