Company Registration No. 10013391 (England and Wales)
Novelty Orthodontics Ltd
accounts
for the year ended 28 February 2022
Novelty Orthodontics Ltd
accounts
Contents
Novelty Orthodontics Ltd
Company Information
for the year ended 28 February 2022
Company Number
10013391 (England and Wales)
Registered Office
9 DUCHESS WALK DUCHESS WALK
ONE TOWER BRIDGE
LONDON
SE1 2SD
ENGLAND
Accountants
Ebenezer Accounting Services Ltd
17 Wisborough Court
Crawley
West Sussex
RH11 8UN
Novelty Orthodontics Ltd
Statement of financial position
as at 28 February 2022
Tangible assets
221,106
221,466
Cash at bank and in hand
1,197
-
Creditors: amounts falling due within one year
(211,659)
(105,225)
Net current liabilities
(210,462)
(105,225)
Total assets less current liabilities
10,644
116,241
Creditors: amounts falling due after more than one year
(232,000)
(240,000)
Net liabilities
(221,356)
(123,759)
Called up share capital
1
1
Profit and loss account
(221,357)
(123,760)
Shareholders' funds
(221,356)
(123,759)
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 March 2024 and were signed on its behalf by
Dr Ayodele Ayeni
Director
Company Registration No. 10013391
Novelty Orthodontics Ltd
Notes to the Accounts
for the year ended 28 February 2022
Novelty Orthodontics Ltd is a private company, limited by shares, registered in England and Wales, registration number 10013391. The registered office is 9 DUCHESS WALK DUCHESS WALK, ONE TOWER BRIDGE, LONDON, SE1 2SD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2021
244,266
3,250
247,516
At 28 February 2022
244,266
3,250
247,516
At 1 March 2021
24,426
1,624
26,050
Charge for the year
-
360
360
At 28 February 2022
24,426
1,984
26,410
At 28 February 2022
219,840
1,266
221,106
At 28 February 2021
219,840
1,626
221,466
5
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
13,715
Trade creditors
1,500
1,500
Loans from directors
210,159
90,010
Novelty Orthodontics Ltd
Notes to the Accounts
for the year ended 28 February 2022
6
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
232,000
240,000
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).