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REGISTERED NUMBER: 11374634 (England and Wales)












KNIGHTSBRIDGE ORTHODONTICS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






KNIGHTSBRIDGE ORTHODONTICS LTD (REGISTERED NUMBER: 11374634)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNIGHTSBRIDGE ORTHODONTICS LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Dr V Hennebry
Dr R M Hennebry





REGISTERED OFFICE: 64 Sheen Road
Richmond
Surrey
TW9 1UF





REGISTERED NUMBER: 11374634 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

KNIGHTSBRIDGE ORTHODONTICS LTD (REGISTERED NUMBER: 11374634)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 331,128 335,019
Tangible assets 5 335,722 352,560
666,850 687,579

CURRENT ASSETS
Stocks 11,648 18,270
Debtors 6 167,866 206,096
Cash at bank and in hand 602,221 340,865
781,735 565,231
CREDITORS
Amounts falling due within one year 7 (211,268 ) (178,422 )
NET CURRENT ASSETS 570,467 386,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,237,317

1,074,388

PROVISIONS FOR LIABILITIES (6,932 ) (26,700 )
NET ASSETS 1,230,385 1,047,688

KNIGHTSBRIDGE ORTHODONTICS LTD (REGISTERED NUMBER: 11374634)

BALANCE SHEET - continued
31 March 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 978,883 978,883
Retained earnings 251,302 68,605
1,230,385 1,047,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 May 2025 and were signed on its behalf by:





Dr R M Hennebry - Director


KNIGHTSBRIDGE ORTHODONTICS LTD (REGISTERED NUMBER: 11374634)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Knightsbridge Orthodontics Ltd 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.

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.

Turnover
Turnover represents the supply of dental services and is measured at the fair value of the consideration received or receivable.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of the net assets acquired. The difference between the acquisition cost and the expected residual value at the end of the useful economic life is identified as the depreciable amount. This amount is being allocated on an even annual basis over a useful life of 10 years from April 2022.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost

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.


KNIGHTSBRIDGE ORTHODONTICS LTD (REGISTERED NUMBER: 11374634)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 338,910
AMORTISATION
At 1 April 2023 3,891
Charge for year 3,891
At 31 March 2024 7,782
NET BOOK VALUE
At 31 March 2024 331,128
At 31 March 2023 335,019

KNIGHTSBRIDGE ORTHODONTICS LTD (REGISTERED NUMBER: 11374634)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 267,190 132,398 399,588
Additions 33,000 14,700 47,700
At 31 March 2024 300,190 147,098 447,288
DEPRECIATION
At 1 April 2023 22,016 25,012 47,028
Charge for year 29,744 34,794 64,538
At 31 March 2024 51,760 59,806 111,566
NET BOOK VALUE
At 31 March 2024 248,430 87,292 335,722
At 31 March 2023 245,174 107,386 352,560

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,833 93,418
Amounts owed by associates 54,531 112,678
Other debtors 17,502 -
167,866 206,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 65,445 88,023
Taxation and social security 110,442 52,476
Other creditors 35,381 37,923
211,268 178,422