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Company Registration No. 11543559 (England and Wales)
Ashlow Orthodontics Limited Unaudited accounts for the year ended 31 August 2024
Ashlow Orthodontics Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
524,257 
570,800 
Tangible assets
93,757 
62,603 
618,014 
633,403 
Current assets
Debtors
59,779 
56,017 
Cash at bank and in hand
139,721 
68,393 
199,500 
124,410 
Creditors: amounts falling due within one year
(203,390)
(110,796)
Net current (liabilities)/assets
(3,890)
13,614 
Net assets
614,124 
647,017 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
614,120 
647,013 
Shareholders' funds
614,124 
647,017 
For the year ending 31 August 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Dr Omar Yaqoob Director Company Registration No. 11543559
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Ashlow Orthodontics Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Ashlow Orthodontics Limited is a private company, limited by shares, registered in England and Wales, registration number 11543559. The registered office is Ashlow Orthodontic Practice, Ashlands Avenue, Stoke-On-Trent, ST4 6BN, United Kingdom.
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
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 and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery
10% on cost
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortized evenly over its estimated useful life of ten years.
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.
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Ashlow Orthodontics Limited Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 September 2023
710,429 
At 31 August 2024
710,429 
Amortisation
At 1 September 2023
139,629 
Charge for the year
46,543 
At 31 August 2024
186,172 
Net book value
At 31 August 2024
524,257 
At 31 August 2023
570,800 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2023
110,484 
Additions
70,105 
At 31 August 2024
180,589 
Depreciation
At 1 September 2023
47,881 
Charge for the year
38,951 
At 31 August 2024
86,832 
Net book value
At 31 August 2024
93,757 
At 31 August 2023
62,603 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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