2023-06-302024-06-282024-06-28false11413027EXPERT ORTHODONTICS 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EXPERT ORTHODONTICS LIMITED

Registered Number
11413027
(England and Wales)

Unaudited Financial Statements for the Period ended
28 June 2024

EXPERT ORTHODONTICS LIMITED
Company Information
for the period from 30 June 2023 to 28 June 2024

Directors

ANWAR, Hamza Aijaz
MALIK, Ovais Humair
SALAM, Samer

Company Secretary

MALIK, Ovais Humair

Registered Address

70 Market Street
Tottington
Bury
BL8 3LJ

Registered Number

11413027 (England and Wales)
EXPERT ORTHODONTICS LIMITED
Balance Sheet as at
28 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3888,489292,497
888,489292,497
Current assets
Stocks415,00015,000
Debtors5106,70080,918
Cash at bank and on hand4,78233,414
126,482129,332
Creditors amounts falling due within one year6(358,785)(242,269)
Net current assets (liabilities)(232,303)(112,937)
Total assets less current liabilities656,186179,560
Creditors amounts falling due after one year7(553,505)(33,584)
Provisions for liabilities9(36,568)(35,272)
Net assets66,113110,704
Capital and reserves
Called up share capital33
Profit and loss account66,110110,701
Shareholders' funds66,113110,704
The financial statements were approved and authorised for issue by the Board of Directors on 27 May 2025, and are signed on its behalf by:
MALIK, Ovais Humair
Director
Registered Company No. 11413027
EXPERT ORTHODONTICS LIMITED
Notes to the Financial Statements
for the period ended 28 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery20-
Office Equipment20-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.Average number of employees

20242023
Average number of employees during the year1210
3.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 30 June 23195,179208,28031,234434,693
Additions334,159314,17924,795673,133
At 28 June 24529,338522,45956,0291,107,826
Depreciation and impairment
At 30 June 2343,77185,90112,524142,196
Charge for year48,4784,18624,47777,141
At 28 June 2492,24990,08737,001219,337
Net book value
At 28 June 24437,089432,37219,028888,489
At 29 June 23151,408122,37918,710292,497
4.Stocks

2024

2023

££
Finished goods15,00015,000
Total15,00015,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables82,47669,130
Other debtors7,0257,025
Prepayments and accrued income17,1994,763
Total106,70080,918
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables112,42715,944
Bank borrowings and overdrafts50,00010,000
Amounts owed to related parties118,400178,400
Taxation and social security2,6102,518
Finance lease and HP contracts54,81814,288
Other creditors12,7292,019
Accrued liabilities and deferred income7,80119,100
Total358,785242,269
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts310,20119,170
Other creditors243,30414,414
Total553,50533,584
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts243,30414,413
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)36,56835,272
Total36,56835,272
10.Controlling party
The ultimate controlling parties during the year are Dr. O. H. Malik, Dr. D. T. Waring and Dr. S. Salem, by virtue of being joint shareholders and directors.