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Registered number: 11279113
SJW 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: 11279113
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,265,000 1,495,000
Tangible Assets 5 381,106 409,956
1,646,106 1,904,956
CURRENT ASSETS
Stocks 6 2,500 2,500
Debtors 7 652,843 723,434
655,343 725,934
Creditors: Amounts Falling Due Within One Year 8 (1,436,236 ) (1,198,806 )
NET CURRENT ASSETS (LIABILITIES) (780,893 ) (472,872 )
TOTAL ASSETS LESS CURRENT LIABILITIES 865,213 1,432,084
Creditors: Amounts Falling Due After More Than One Year 9 (306,637 ) (137,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (93,927 ) (76,711 )
NET ASSETS 464,649 1,217,873
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 464,549 1,217,773
SHAREHOLDERS' FUNDS 464,649 1,217,873
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
21st 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
SJW Orthodontics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11279113 . 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 is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic 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 15% reducing balance
Computer Equipment 33% straight line
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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 20)
20 20
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 2,300,000
As at 31 March 2024 2,300,000
Amortisation
As at 1 April 2023 805,000
Provided during the period 230,000
As at 31 March 2024 1,035,000
Net Book Value
As at 31 March 2024 1,265,000
As at 1 April 2023 1,495,000
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 663,298
Additions 49,505
As at 31 March 2024 712,803
Depreciation
As at 1 April 2023 253,342
Provided during the period 78,355
As at 31 March 2024 331,697
Net Book Value
As at 31 March 2024 381,106
As at 1 April 2023 409,956
6. Stocks
2024 2023
£ £
Stock 2,500 2,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 85,950 76,884
Other debtors 566,893 646,550
652,843 723,434
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 92,499 82,069
Bank loans and overdrafts 44,734 39,511
Other loans 151,886 30,000
Other creditors 1,047,229 1,010,552
Taxation and social security 99,888 36,674
1,436,236 1,198,806
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,378 22,500
Other loans 293,259 115,000
306,637 137,500
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. 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 519,050 590,104 638,873 - 470,281
The above loan is unsecured and repayable on demand.
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