Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-01falsedental practice activities119truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07493604 2023-05-01 2024-04-30 07493604 2024-04-30 07493604 2022-05-01 2023-04-30 07493604 2023-04-30 07493604 c:Director1 2023-05-01 2024-04-30 07493604 d:PlantMachinery 2023-05-01 2024-04-30 07493604 d:PlantMachinery 2024-04-30 07493604 d:PlantMachinery 2023-04-30 07493604 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07493604 d:ComputerEquipment 2023-05-01 2024-04-30 07493604 d:ComputerEquipment 2024-04-30 07493604 d:ComputerEquipment 2023-04-30 07493604 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07493604 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07493604 d:Goodwill 2023-05-01 2024-04-30 07493604 d:Goodwill 2024-04-30 07493604 d:Goodwill 2023-04-30 07493604 d:CurrentFinancialInstruments 2024-04-30 07493604 d:CurrentFinancialInstruments 2023-04-30 07493604 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07493604 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07493604 d:ShareCapital 2024-04-30 07493604 d:ShareCapital 2023-04-30 07493604 d:RetainedEarningsAccumulatedLosses 2024-04-30 07493604 d:RetainedEarningsAccumulatedLosses 2023-04-30 07493604 c:FRS102 2023-05-01 2024-04-30 07493604 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07493604 c:FullAccounts 2023-05-01 2024-04-30 07493604 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07493604 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 07493604 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 07493604













Ortho Exclusively Limited

Financial statements
Information for filing with the registrar

30 April 2024




 
Ortho Exclusively Limited


Balance sheet
At 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
10,530
11,700

Tangible assets
 5 
53,319
59,450

  
63,849
71,150

Current assets
  

Debtors
 6 
837,638
292,317

Cash at bank and in hand
  
2,087,631
2,013,251

  
2,925,269
2,305,568

Creditors: amounts falling due within one year
 7 
(897,983)
(701,094)

Net current assets
  
 
 
2,027,286
 
 
1,604,474

Total assets less current liabilities
  
2,091,135
1,675,624

Provisions for liabilities
  

Deferred tax
  
(13,170)
(14,722)

Net assets
  
2,077,965
1,660,902


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,077,865
1,660,802

Shareholders' funds
  
2,077,965
1,660,902


1

 
Ortho Exclusively Limited

    
Balance sheet (continued)
At 30 April 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 January 2025.




G J B Cottam
Director

Registered number: 07493604
The notes on pages 3 to 8 form part of these financial statements. 

2

 
Ortho Exclusively Limited
 
 

Notes to the financial statements
Year ended 30 April 2024

1.


General information

Ortho Exclusively Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of the registered office is 64 Moorcroft Road, Birmingham, England, B13 8LU.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

 
2.2

Revenue

The turnover shown in the profit and loss account represents orthodontic fee income receivable during the period.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3

 
Ortho Exclusively Limited
 

 
Notes to the financial statements
Year ended 30 April 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
10%
straight line

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
reducing balance
Computer equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

4

 
Ortho Exclusively Limited
 

 
Notes to the financial statements
Year ended 30 April 2024

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially
5

 
Ortho Exclusively Limited
 

 
Notes to the financial statements
Year ended 30 April 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 9).


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
11,700



At 30 April 2024

11,700



Amortisation


Charge for the year
1,170



At 30 April 2024

1,170



Net book value



At 30 April 2024
10,530



At 30 April 2023
11,700



6

 
Ortho Exclusively Limited
 
 

Notes to the financial statements
Year ended 30 April 2024

5.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost


At 1 May 2023
84,120
3,485
87,605



At 30 April 2024

84,120
3,485
87,605



Depreciation


At 1 May 2023
26,529
1,626
28,155


Charge for the year
5,759
372
6,131



At 30 April 2024

32,288
1,998
34,286



Net book value



At 30 April 2024
51,832
1,487
53,319



At 30 April 2023
57,591
1,859
59,450

7

 
Ortho Exclusively Limited
 
 

Notes to the financial statements
Year ended 30 April 2024

6.


Debtors

2024
2023
£
£


Trade debtors
61,062
58,082

Amounts owed by joint ventures
5,263
2,389

Other debtors
771,313
231,846

837,638
292,317



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
6,780
-

Amounts owed to joint ventures
718,509
570,291

Corporation tax
140,963
106,057

Other taxation and social security
3,549
2,459

Other creditors
21,654
15,489

Accruals and deferred income
6,528
6,798

897,983
701,094



8.


Related party transactions

During the year, the company operated on normal commercial terms with Harborne Orthodontics Limited. The amount due to Harborne Orthodontics Limited at 30 April 2024 was £718,509 (2023: £570,291 due to Harborne Orthodontics Limited).
During the year, the company operated on normal commercial terms with Gidcen Ltd. The amount due from Gidcen Ltd at 30 April 2024 was £5,263 (2023: £2,389 due to Gidcen Ltd).

 
8