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Registration number: 08643029

Accessible Orthodontics (TJV) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Accessible Orthodontics (TJV) Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 11

 

Accessible Orthodontics (TJV) Ltd

Company Information

Directors

Mr Nestor Orolloga

Mr Jodi Eric Tabalotny

Mr Alan Lintern Davey

Company secretary

Mr Jodi Eric Tabalotny

Mr David Zollo

Ms Katherine Jayne Ballenger

Registered office

Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

Accountants

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

 

Accessible Orthodontics (TJV) Ltd

Directors' Report for the Year Ended 31 March 2023

The directors present their report and the financial statements for the year ended 31 March 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Nestor Orolloga

Mr Jodi Eric Tabalotny - Company secretary and director

Mr Alan Lintern Davey

Principal activity

The principal activity of the company is that of dentistry.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 10 November 2023 and signed on its behalf by:

.


.........................................
Mr Alan Lintern Davey
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Accessible Orthodontics (TJV) Ltd
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Accessible Orthodontics (TJV) Ltd for the year ended 31 March 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Accessible Orthodontics (TJV) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Accessible Orthodontics (TJV) Ltd and state those matters that we have agreed to state to the Board of Directors of Accessible Orthodontics (TJV) Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Accessible Orthodontics (TJV) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Accessible Orthodontics (TJV) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Accessible Orthodontics (TJV) Ltd. You consider that Accessible Orthodontics (TJV) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Accessible Orthodontics (TJV) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

10 November 2023

 

Accessible Orthodontics (TJV) Ltd

(Registration number: 08643029)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

2,100

12,072

Current assets

 

Debtors

6

197,898

218,501

Cash at bank and in hand

 

196,286

131,898

 

394,184

350,399

Creditors: Amounts falling due within one year

7

(19,519)

(17,723)

Net current assets

 

374,665

332,676

Total assets less current liabilities

 

376,765

344,748

Provisions for liabilities

(556)

(2,995)

Net assets

 

376,209

341,753

Capital and reserves

 

Called up share capital

8

8,774

8,774

Retained earnings

367,435

332,979

Shareholders' funds

 

376,209

341,753

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Accessible Orthodontics (TJV) Ltd

(Registration number: 08643029)
Balance Sheet as at 31 March 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 10 November 2023 and signed on its behalf by:
 

.


.........................................

Mr Alan Lintern Davey

Director

 

Accessible Orthodontics (TJV) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

These financial statements were authorised for issue by the Board on 10 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Accessible Orthodontics (TJV) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

3 Years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5 Years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Accessible Orthodontics (TJV) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year, was 4 (2022 - 4).

 

Accessible Orthodontics (TJV) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

8,750

8,750

At 31 March 2023

8,750

8,750

Amortisation

At 1 April 2022

8,750

8,750

At 31 March 2023

8,750

8,750

Carrying amount

At 31 March 2023

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

13,103

13,103

Disposals

(9,953)

(9,953)

At 31 March 2023

3,150

3,150

Depreciation

At 1 April 2022

1,031

1,031

Charge for the year

1,050

1,050

Eliminated on disposal

(1,031)

(1,031)

At 31 March 2023

1,050

1,050

Carrying amount

At 31 March 2023

2,100

2,100

At 31 March 2022

12,072

12,072

 

Accessible Orthodontics (TJV) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

2023
£

2022
£

Prepayments

959

1,066

Other debtors

196,939

217,435

 

197,898

218,501

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

-

6,300

Taxation and social security

 

14,707

9,638

Other creditors

 

4,812

1,785

 

19,519

17,723

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A Shares of £1 each

12

12

12

12

Ordinary C Shares of £1 each

12

12

12

12

Ordinary E Shares of £1 each

8,750

8,750

8,750

8,750

 

8,774

8,774

8,774

8,774

 

Accessible Orthodontics (TJV) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

9

Related party transactions

Loans to related parties


Accessible Orthodontics LLP

Included within creditors within one year is an amount of £2,523 (2022 - £19,426) and within debtors after one year is an amount of £196,000 (2022 - £196,000) due from Accessible Orthodontics LLP, a partnership in which a member is connected. The short term loan is interest free and has no set repayment terms. The long term loan is not due for repayment until 2025 and only then to the extent that the directors demand.

Dentine Issues Ltd

Included within creditors within one year is an amount of £965 (2022 - £622) due from Accessible Orthodontics (TJV) Ltd, a company connected by common directors. The loan was interest free and has no set repayment terms.