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REGISTERED NUMBER: 12414637 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Tooth Club Ipswich Limited

Tooth Club Ipswich Limited (Registered number: 12414637)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tooth Club Ipswich Limited

Company Information
for the Year Ended 31 May 2024







Directors: K Thakker
Dr S Jalal Jalali





Registered office: The Brentano Suite
720 Centennial Avenue
Elstree
Borehamstead
WD6 3SY





Registered number: 12414637 (England and Wales)





Accountants: BYB Accountancy Ltd
Incorporated Financial Accountants
39 Cardiff Road
Llandaff
Cardiff
South Glamorgan
CF5 2DP

Tooth Club Ipswich Limited (Registered number: 12414637)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 373,317 380,466
Tangible assets 5 427,193 388,042
800,510 768,508

Current assets
Stocks 40,653 30,335
Debtors 6 710,342 818,311
Cash at bank 33,308 29,354
784,303 878,000
Creditors
Amounts falling due within one year 7 1,215,437 692,665
Net current (liabilities)/assets (431,134 ) 185,335
Total assets less current liabilities 369,376 953,843

Creditors
Amounts falling due after more than one
year

8

282,933

1,049,203
Net assets/(liabilities) 86,443 (95,360 )

Capital and reserves
Called up share capital 100 100
Retained earnings 86,343 (95,460 )
86,443 (95,360 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Tooth Club Ipswich Limited (Registered number: 12414637)

Balance Sheet - continued
31 May 2024


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 4 September 2024 and were signed on its behalf by:





K Thakker - Director


Tooth Club Ipswich Limited (Registered number: 12414637)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Tooth Club Ipswich 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 15% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Tooth Club Ipswich Limited (Registered number: 12414637)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 71 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 419,098
Amortisation
At 1 June 2023 38,632
Amortisation for year 7,149
At 31 May 2024 45,781
Net book value
At 31 May 2024 373,317
At 31 May 2023 380,466

Tooth Club Ipswich Limited (Registered number: 12414637)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 June 2023 144,488 236,598 8,459
Additions 9,248 55,468 6,762
At 31 May 2024 153,736 292,066 15,221
Depreciation
At 1 June 2023 41,456 38,241 5,584
Charge for year 11,664 18,301 2,616
At 31 May 2024 53,120 56,542 8,200
Net book value
At 31 May 2024 100,616 235,524 7,021
At 31 May 2023 103,032 198,357 2,875

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 June 2023 90,730 61,933 542,208
Additions - 2,088 73,566
At 31 May 2024 90,730 64,021 615,774
Depreciation
At 1 June 2023 19,300 49,585 154,166
Charge for year 1,834 - 34,415
At 31 May 2024 21,134 49,585 188,581
Net book value
At 31 May 2024 69,596 14,436 427,193
At 31 May 2023 71,430 12,348 388,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 148,066 60,187
Amounts owed by group undertakings - 491,439
Other debtors 562,276 266,685
710,342 818,311

Tooth Club Ipswich Limited (Registered number: 12414637)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 160,703 191,474
Amounts owed to group undertakings 376,177 -
Taxation and social security 48,666 81,747
Other creditors 629,891 419,444
1,215,437 692,665

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 606,682
Other creditors 282,933 442,521
282,933 1,049,203

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 284,808

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 606,682

Rx Bridge Ltd holds a fixed and floating charge over the property.

HSBC UK Bank PLC holds a fixed and floating charge over all assets, and over leasehold property..

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Company wrote off loans of £227,719 to Tooth Club London Ltd of which Mr K Thakkar is a director of.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Tooth club group Ltd.