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Registration number: 07836463

JSJ Toothkind Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

JSJ Toothkind Limited

Contents

Company Information

1

Director's Report

2

Abridged Profit and Loss Account

3

Abridged Balance Sheet

4 to 5

Statement of Changes in Equity

6

Notes to the Unaudited Abridged Financial Statements

7 to 12

 

JSJ Toothkind Limited

Company Information

Director

Dr J S Jeer

Registered office

26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

 

JSJ Toothkind Limited

Director's Report for the Year Ended 31 January 2024

The director presents his report and the abridged financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Dr J S Jeer

Principal activity

The principal activity of the company is Dentist

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 October 2024
 

.........................................
Dr J S Jeer
Director

 

JSJ Toothkind Limited

Abridged Profit and Loss Account for the Year Ended 31 January 2024

Note

2024
£

2023
£

Gross profit

 

493,777

485,739

Administrative expenses

 

(325,247)

(340,154)

Interest payable and similar expenses

 

(19,269)

(15,609)

Profit before tax

149,261

129,976

Tax on profit

 

(44,601)

(30,214)

Profit for the financial year

 

104,660

99,762

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

JSJ Toothkind Limited

(Registration number: 07836463)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

262,969

295,840

Tangible assets

5

68,473

88,698

 

331,442

384,538

Current assets

 

Stocks

6

3,750

3,750

Debtors

7

975,962

868,462

Cash at bank and in hand

 

94,883

113,036

 

1,074,595

985,248

Creditors: Amounts falling due within one year

(238,147)

(235,245)

Net current assets

 

836,448

750,003

Total assets less current liabilities

 

1,167,890

1,134,541

Creditors: Amounts falling due after more than one year

8.1

(158,601)

(231,718)

Provisions for liabilities

(8,676)

(12,111)

Accruals and deferred income

 

(18,395)

(13,155)

Net assets

 

982,218

877,557

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

982,118

877,457

Shareholders' funds

 

982,218

877,557

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

JSJ Toothkind Limited

(Registration number: 07836463)
Abridged Balance Sheet as at 31 January 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

.........................................
Dr J S Jeer
Director

 

JSJ Toothkind Limited

Statement of Changes in Equity for the Year Ended 31 January 2024

Share capital
£

Retained earnings
£

Total
£

At 1 February 2022

100

777,695

777,795

Profit for the year

-

99,762

99,762

At 31 January 2023

100

877,457

877,557

 

JSJ Toothkind Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

These financial statements were authorised for issue by the director on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

JSJ Toothkind Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

20% on cost

Fixtures and fittings

10% on cost

Improvements to property

in accordance with the term of the lease

Office equipment

33.33% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 20 years

 

JSJ Toothkind Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 8).

 

JSJ Toothkind Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 February 2023

657,422

At 31 January 2024

657,422

Amortisation

At 1 February 2023

361,582

Amortisation charge

32,871

At 31 January 2024

394,453

Carrying amount

At 31 January 2024

262,969

At 31 January 2023

295,840

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

42,498

309,452

351,950

Additions

-

9,241

9,241

At 31 January 2024

42,498

318,693

361,191

Depreciation

At 1 February 2023

17,540

245,712

263,252

Charge for the year

2,151

27,315

29,466

At 31 January 2024

19,691

273,027

292,718

Carrying amount

At 31 January 2024

22,807

45,666

68,473

At 31 January 2023

24,958

63,740

88,698

6

Stocks

2024
£

2023
£

Other inventories

3,750

3,750

 

JSJ Toothkind Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Creditors

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £231,999 (2023 - £310,804).

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

10

Related party transactions

At 31 January 2024, the balance owing to Dr J S Jeer, the sole director of the company was £44,347 (2023 - £26,347).

At 31 January 2024, the balance owing from Jeer Property Investments Limited was £111,457 ( 2023 - £110,957). This is a company in which Dr J S Jeer is a director.

At 31 January 2024, the balance owing from JJ888 Limited was £862,005 (2023 - £755,005). This is a company in which Dr J S Jeer is a director.



 

JSJ Toothkind Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

10,600

10,600