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Registered number: 11282083
Soho Orthodontics Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sheppards Chartered Accountants
Suite 2.2 My Buro
20 Market Street
Altrincham
Cheshire
WA14 1PF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11282083
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 393,250 464,750
Tangible Assets 5 46,846 56,406
440,096 521,156
CURRENT ASSETS
Stocks 6 500 500
Debtors 7 909,187 847,504
909,687 848,004
Creditors: Amounts Falling Due Within One Year 8 (949,743 ) (755,834 )
NET CURRENT ASSETS (LIABILITIES) (40,056 ) 92,170
TOTAL ASSETS LESS CURRENT LIABILITIES 400,040 613,326
Creditors: Amounts Falling Due After More Than One Year 9 (14,831 ) (38,100 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (11,711 ) (10,717 )
NET ASSETS 373,498 564,509
CAPITAL AND RESERVES
Called up share capital 11 99 99
Profit and Loss Account 373,399 564,410
SHAREHOLDERS' FUNDS 373,498 564,509
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S Hadj-Bagheri
Director
20th May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Soho Orthodontics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11282083 . The registered office is Suite 2.2 My Buro, 20 Market Street, Altrincham, Cheshire, WA14 1PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on a reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33.33% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings , except to the extent thst 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.
Deferred tax
Deferred tax is recognised in resepct 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 715,000
As at 31 March 2024 715,000
Amortisation
As at 1 April 2023 250,250
Provided during the period 71,500
As at 31 March 2024 321,750
Net Book Value
As at 31 March 2024 393,250
As at 1 April 2023 464,750
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 184,446
Additions 6,920
As at 31 March 2024 191,366
Depreciation
As at 1 April 2023 128,040
Provided during the period 16,480
As at 31 March 2024 144,520
Net Book Value
As at 31 March 2024 46,846
As at 1 April 2023 56,406
6. Stocks
2024 2023
£ £
Stock 500 500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 74,565 66,528
Other debtors 834,622 780,976
909,187 847,504
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 50,635 42,593
Bank loans and overdrafts 39,458 33,371
Other creditors 601,630 531,982
Taxation and social security 258,020 147,888
949,743 755,834
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 14,831 38,100
14,831 38,100
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 11,711 10,717
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Dr Siamack Bagheri 380,459 - 63,754 - 316,705
The above loan is unsecured and repayable on demand.
Page 5