BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the operation of a dental laboratory. 29 November 2024 9 7 NI647687 2024-04-30 NI647687 2023-04-30 NI647687 2022-04-30 NI647687 2023-05-01 2024-04-30 NI647687 2022-05-01 2023-04-30 NI647687 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI647687 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI647687 uk-bus:AbridgedAccounts 2023-05-01 2024-04-30 NI647687 uk-core:ShareCapital 2024-04-30 NI647687 uk-core:ShareCapital 2023-04-30 NI647687 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI647687 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI647687 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI647687 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI647687 uk-bus:FRS102 2023-05-01 2024-04-30 NI647687 uk-core:Land 2023-05-01 2024-04-30 NI647687 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI647687 uk-bus:Audited 2023-05-01 2024-04-30 NI647687 2023-05-01 2024-04-30 NI647687 uk-bus:Director1 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Teethforever Limited
 
Abridged Financial Statements
 
for the financial year ended 30 April 2024



Teethforever Limited
Company Registration Number: NI647687
ABRIDGED BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 7 12,437 -
───────── ─────────
 
Current Assets
Stocks 13,275 20,000
Debtors 561,234 98,052
Cash at bank and in hand 5,185 14,297
───────── ─────────
579,694 132,349
───────── ─────────
Creditors: amounts falling due within one year (323,312) (42,161)
───────── ─────────
Net Current Assets 256,382 90,188
───────── ─────────
Total Assets less Current Liabilities 268,819 90,188
 
Creditors:
amounts falling due after more than one year (11,669) (22,366)
 
Provisions for liabilities (514) -
───────── ─────────
Net Assets 256,636 67,822
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 256,536 67,722
───────── ─────────
Shareholders' Funds 256,636 67,822
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
           
Approved by the Director and authorised for issue on 29 November 2024
           
           
________________________________          
Mr. Stuart Douglas Lutton          
Director          
           



Teethforever Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Teethforever Limited is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI647687. The registered office of the company is 745 Lisburn Road, Belfast, BT9 7GW, Northern Ireland which is also the principal place of business of the company.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements cover the individual entity, Teethforever Limited for the year ended 30 April 2024. The comparative period is for the eight month period ended 30 April 2023. Therefore the comparatives are not entirely comparable.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - Not depreciated
  Fixtures, fittings and equipment - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Adoption of FRS 102 Section 1A
 
This is the first set of financial statements prepared by Teethforever Limited in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 September 2022.
   
4. Period of financial statements
 
The comparative figures relate to the 8 month period ended 30 April 2023.
   
5. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by John MacMahon & Co..
The Auditor's Report was signed by John MacMahon (Senior Statutory Auditor) for and on behalf of John MacMahon & Co. on 29th November 2024.
 
       
6. Employees
 
The average monthly number of employees, including director, during the financial year was
 
  2024 2023
  Number Number
 
Employees 9 7
  ═════════ ═════════
         
7. Tangible assets
  Long Fixtures, Total
  leasehold fittings and  
  property equipment  
  £ £ £
Cost
At 1 May 2023 - - -
Additions 10,383 2,280 12,663
  ───────── ───────── ─────────
At 30 April 2024 10,383 2,280 12,663
  ───────── ───────── ─────────
Depreciation
At 1 May 2023 - - -
Charge for the financial year - 226 226
  ───────── ───────── ─────────
At 30 April 2024 - 226 226
  ───────── ───────── ─────────
Net book value
At 30 April 2024 10,383 2,054 12,437
  ═════════ ═════════ ═════════
       
8. Financial commitments and guarantees
 
The company operates a defined contribution pension scheme for the benefit of its employees. At the year end, there were outstanding contributions of £2,005 due to the fund (2023: £1,582). These are included in creditors; amounts falling due within one year.
       
9. Security given in respect of creditors
 
A debenture containing a fixed and floating charge exists on behalf of borrowings of a related party company. The security also contains a negative pledge.
       
10. Related party transactions
 
Teethforever Limited made sales totalling £971,204 to companies connected by virtue of common ownership. Of these sales, £543,012 remained outstanding at the year end, these are included in debtors. The company was also in receipt of financing from connected companies totalling £205,115. These amounts are interest free, repayable on demand and are include din creditors; amounts falling due within one year.
       
11. Post balance sheet events
 
On 9th May 2024, New Life Teeth Holdings Limited, a company incorporated in Northern Ireland, acquired 100% of the share capital of Teethforever Limited by way of a share for share exchange with the existing shareholders. From this date, Teethforever Limited is a wholly owned subsidiary of parent company New Life Teeth Holdings Limited.