Company registration number 08068763 (England and Wales)
C M V Orthodontics Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
C M V Orthodontics Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
C M V Orthodontics Limited
Balance sheet
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
41,136
51,420
Current assets
Debtors
4
9,826
28,426
Cash at bank and in hand
241,624
179,649
251,450
208,075
Creditors: amounts falling due within one year
Taxation and social security
825
Other creditors
5
1,680
1,680
2,505
1,680
Net current assets
248,945
206,395
Net assets
290,081
257,815
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
289,981
257,715
Total equity
290,081
257,815
C M V Orthodontics Limited
Balance sheet (continued)
as at 31 March 2024
- 2 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 4 November 2024 and are signed on its behalf by:
Mrs C M Cussins
Director
Company Registration No. 08068763
C M V Orthodontics Limited
Notes to the financial statements
for the year ended 31 March 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
33.33% on cost
Motor vehicles
20% Reducing Balance
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
C M V Orthodontics Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023
1,748
64,275
66,023
Disposals
(1,748)
(1,748)
At 31 March 2024
64,275
64,275
Depreciation and impairment
At 1 April 2023
1,748
12,855
14,603
Depreciation charged in the year
10,284
10,284
Eliminated in respect of disposals
(1,748)
(1,748)
At 31 March 2024
23,139
23,139
Carrying amount
At 31 March 2024
41,136
41,136
At 31 March 2023
51,420
51,420
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,842
14,003
Corporation tax recoverable
9,882
Other debtors
1,984
4,541
9,826
28,426
5
Other creditors falling due within one year
2024
2023
£
£
Accruals and deferred income
1,680
1,680