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REGISTERED NUMBER: 08090536 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Teethwise Limited

Teethwise Limited (Registered number: 08090536)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Teethwise Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N M Spilker
Mrs L J D Spilker





REGISTERED OFFICE: 2 Townsend Square
Kings Hill
West Malling
Kent
ME19 4HE





REGISTERED NUMBER: 08090536 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Teethwise Limited (Registered number: 08090536)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,325,262 1,382,785
Tangible assets 5 46,308 330,397
1,371,570 1,713,182

CURRENT ASSETS
Stocks 4,200 4,200
Debtors 6 76,373 77,051
Cash at bank 422,260 300,493
502,833 381,744
CREDITORS
Amounts falling due within one year 7 (182,295 ) (283,808 )
NET CURRENT ASSETS 320,538 97,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,692,108

1,811,118

CREDITORS
Amounts falling due after more than one
year

8

-

(147,940

)

PROVISIONS FOR LIABILITIES (27,372 ) (22,810 )
NET ASSETS 1,664,736 1,640,368

CAPITAL AND RESERVES
Called up share capital 10 100 2
Revaluation reserve 11 994,098 1,110,138
Retained earnings 670,538 530,228
SHAREHOLDERS' FUNDS 1,664,736 1,640,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Teethwise Limited (Registered number: 08090536)

Balance Sheet - continued
30 April 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 20 January 2025 and were signed on its behalf by:





N M Spilker - Director


Teethwise Limited (Registered number: 08090536)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Teethwise 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 2012, is being amortised evenly over its estimated useful life of ten years.

On 30 April 2019 the directors considered the goodwill to be in excess of the amount paid and subsequently has been revalued to an amount deemed appropriate by the directors. This value is assessed by the directors on an annual basis and any change in net book value will be adjusted accordingly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided
Dental and computer equipment - 15% on cost

Freehold property is not depreciated as the directors consider the revalued value shows a true and fair view. Any adjustment in fair value will be adjusted accordingly on a yearly basis.

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

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.


Teethwise Limited (Registered number: 08090536)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 2,034,829
AMORTISATION
At 1 May 2023 652,044
Charge for year 57,523
At 30 April 2024 709,567
NET BOOK VALUE
At 30 April 2024 1,325,262
At 30 April 2023 1,382,785

Cost or valuation at 30 April 2024 is represented by:

Goodwill
£   
Valuation in 2019 612,134
Valuation in 2020 68,120
Valuation in 2021 42,213
Valuation in 2022 260,214
Cost 1,052,148
2,034,829

Teethwise Limited (Registered number: 08090536)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Dental
and
Freehold computer
property equipment Totals
£    £    £   
COST
At 1 May 2023 300,000 122,256 422,256
Additions - 29,994 29,994
Disposals (300,000 ) - (300,000 )
At 30 April 2024 - 152,250 152,250
DEPRECIATION
At 1 May 2023 - 91,859 91,859
Charge for year - 14,083 14,083
At 30 April 2024 - 105,942 105,942
NET BOOK VALUE
At 30 April 2024 - 46,308 46,308
At 30 April 2023 300,000 30,397 330,397

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 73,332 75,371
Other debtors 3,041 1,680
76,373 77,051

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 84,415
Taxation and social security 131,156 101,239
Other creditors 51,139 98,154
182,295 283,808

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 147,940

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 39,940

Teethwise Limited (Registered number: 08090536)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans - 232,355

Bank loans are secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
92 ORDINARY £1 92 2
2 Ordinary B £1 2 -
2 Ordinary C £1 2 -
2 Ordinary D £1 2 -
2 Ordinary E £1 2 -
100 2

The following shares were issued during the year as a bonus out of reserves :

98 ORDINARY shares of £1

11. RESERVES
Revaluatio
reserve
£   
At 1 May 2023 1,110,138
Freehold property revaluation (116,040 )

At 30 April 2024 994,098