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REGISTERED NUMBER: 06101768 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 28 February 2023

for

A.J Orthodontics Limited

A.J Orthodontics Limited (Registered number: 06101768)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.J Orthodontics Limited

Company Information
for the year ended 28 February 2023







DIRECTORS: A Johal
Dr Z Johal





REGISTERED OFFICE: St. George's Court
Winnington Avenue
Northwich
CW8 4EE





REGISTERED NUMBER: 06101768 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

A.J Orthodontics Limited (Registered number: 06101768)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,141 50,344

CURRENT ASSETS
Debtors 5 25,041 86,640
Cash at bank 117,282 55,968
142,323 142,608
CREDITORS
Amounts falling due within one year 6 66,139 69,183
NET CURRENT ASSETS 76,184 73,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,325

123,769

CREDITORS
Amounts falling due after more than one year 7 (17,632 ) (20,140 )

PROVISIONS FOR LIABILITIES (5,090 ) (6,466 )
NET ASSETS 92,603 97,163

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 92,503 97,063
SHAREHOLDERS' FUNDS 92,603 97,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 October 2023 and were signed on its behalf by:





A Johal - Director


A.J Orthodontics Limited (Registered number: 06101768)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

A.J Orthodontics Limited 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.

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


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
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for
its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost
Motor Vehicles-25% 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.

A.J Orthodontics Limited (Registered number: 06101768)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Government grants
Government grants in respect of the Coronavirus Job Retention Scheme are recognised within the Income Statement on an accruals basis.

Share capital
Ordinary A, Ordinary B and Ordinary C shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 69,975
Additions 4,696
Disposals (1,348 )
At 28 February 2023 73,323
DEPRECIATION
At 1 March 2022 19,631
Charge for year 14,888
Eliminated on disposal (337 )
At 28 February 2023 34,182
NET BOOK VALUE
At 28 February 2023 39,141
At 28 February 2022 50,344

A.J Orthodontics Limited (Registered number: 06101768)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 29,373
DEPRECIATION
At 1 March 2022 612
Charge for year 7,190
At 28 February 2023 7,802
NET BOOK VALUE
At 28 February 2023 21,571
At 28 February 2022 28,761

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,974 41,520
Amounts owed by group undertakings - 45,120
Other debtors 67 -
25,041 86,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,823 2,823
Trade creditors - 1,500
Taxation and social security 55,449 57,243
Other creditors 7,867 7,617
66,139 69,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 17,632 20,140

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
45 A Ordinary £1 45 45
45 B Ordinary £1 45 45
10 C Ordinary £1 10 10
100 100

A.J Orthodontics Limited (Registered number: 06101768)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

9. CONTROL

The ultimate controlling party is Professor A Johal by virtue of holding 100% of the voting share capital.