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Company Registration No. 10013391 (England and Wales)
Novelty Orthodontics Ltd accounts for the year ended 28 February 2022
Novelty Orthodontics Ltd accounts Contents
Page
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Novelty Orthodontics Ltd Company Information for the year ended 28 February 2022
Director
Dr Ayodele Ayeni
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
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Novelty Orthodontics Ltd Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
221,106 
221,466 
Current assets
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)
Capital and reserves
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
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Novelty Orthodontics Ltd Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
211,659 
105,225 
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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).
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