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REGISTERED NUMBER: 06312945 (England and Wales)


















Mansfield Orthodontic Practice Limited

Unaudited Financial Statements

for the Year Ended 30th September 2024






Mansfield Orthodontic Practice Limited (Registered number: 06312945)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mansfield Orthodontic Practice Limited

Company Information
for the Year Ended 30th September 2024







DIRECTOR: M S Gosal





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Notts
NG2 6AB





REGISTERED NUMBER: 06312945 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Mansfield Orthodontic Practice Limited (Registered number: 06312945)

Balance Sheet
30th September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 23,939 23,290
23,939 23,290

CURRENT ASSETS
Stocks 59,829 59,829
Debtors 7 1,923,962 1,480,576
Cash at bank and in hand 244,388 218,328
2,228,179 1,758,733
CREDITORS
Amounts falling due within one year 8 (299,337 ) (193,804 )
NET CURRENT ASSETS 1,928,842 1,564,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,952,781

1,588,219

PROVISIONS FOR LIABILITIES (5,537 ) (5,276 )
NET ASSETS 1,947,244 1,582,943

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,947,144 1,582,843
SHAREHOLDERS' FUNDS 1,947,244 1,582,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mansfield Orthodontic Practice Limited (Registered number: 06312945)

Balance Sheet - continued
30th September 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th June 2025 and were signed by:





M S Gosal - Director


Mansfield Orthodontic Practice Limited (Registered number: 06312945)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Mansfield Orthodontic Practice Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.


Mansfield Orthodontic Practice Limited (Registered number: 06312945)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 19 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 775,000
AMORTISATION
At 1st October 2023
and 30th September 2024 775,000
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

Mansfield Orthodontic Practice Limited (Registered number: 06312945)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 461,793
Additions 6,374
At 30th September 2024 468,167
DEPRECIATION
At 1st October 2023 438,503
Charge for year 5,725
At 30th September 2024 444,228
NET BOOK VALUE
At 30th September 2024 23,939
At 30th September 2023 23,290

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 138,317 130,321
Amounts owed by group undertakings 769,338 335,124
Other debtors 1,016,307 1,015,131
1,923,962 1,480,576

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,731 40,431
Taxation and social security 237,768 131,450
Other creditors 19,838 21,923
299,337 193,804

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 100 100