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Registered number: 07548876
Brentwood Orthodontic & Implant Centre Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07548876
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 770,000 825,000
Tangible Assets 5 154,830 135,207
924,830 960,207
CURRENT ASSETS
Stocks 4,900 4,900
Debtors 6 441,608 477,302
Cash at bank and in hand 93,336 109,332
539,844 591,534
Creditors: Amounts Falling Due Within One Year 7 (153,240 ) (255,887 )
NET CURRENT ASSETS (LIABILITIES) 386,604 335,647
TOTAL ASSETS LESS CURRENT LIABILITIES 1,311,434 1,295,854
Creditors: Amounts Falling Due After More Than One Year 8 (374,095 ) (373,452 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,625 ) (31,212 )
NET ASSETS 900,714 891,190
CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 440,000 440,000
Profit and Loss Account 460,712 451,188
SHAREHOLDERS' FUNDS 900,714 891,190
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For the year ending 31 March 2025 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
Dr N M Shah
Director
13 August 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Brentwood Orthodontic & Implant Centre Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07548876 . The registered office is Regency House, 38 Ingrave Road, Brentwood, Essex, CM14 9PJ.
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.
The financial statements are presented in Pound Sterling, which is the functional currency of the company.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class                                                                                                  Amortisation method and rate
Goodwill                                                                                                     Amortisation - 5%
2.5. 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:
Leasehold Over the useful life of lease
Plant & Machinery Reducing balance - 15%
Fixtures & Fittings Reducing balance - 15%
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2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
2.8. Pensions
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.9. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2024: 21)
21 21
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 1,540,000
As at 31 March 2025 1,540,000
Amortisation
As at 1 April 2024 715,000
Provided during the period 55,000
As at 31 March 2025 770,000
Net Book Value
As at 31 March 2025 770,000
As at 1 April 2024 825,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 30,716 251,053 156,633 438,402
Additions - 31,255 16,181 47,436
As at 31 March 2025 30,716 282,308 172,814 485,838
Depreciation
As at 1 April 2024 22,356 177,549 103,290 303,195
Provided during the period 1,672 15,713 10,428 27,813
As at 31 March 2025 24,028 193,262 113,718 331,008
Net Book Value
As at 31 March 2025 6,688 89,046 59,096 154,830
As at 1 April 2024 8,360 73,504 53,343 135,207
Included within the net book value of land and buildings above is £6,688 (2024 - £8,360) in respect of short leasehold land and buildings.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 30,710 124,982
Prepayments and accrued income 54,544 25,306
Directors' loan accounts 11,888 -
Amounts owed by group undertakings 344,466 327,014
441,608 477,302
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,634 4,176
Trade creditors 3,011 20,120
Bank loans and overdrafts 20,402 19,904
Corporation tax 54,901 38,389
Other taxes and social security 21,143 8,299
Net wages - 994
Pension control account 2,002 1,600
Credit card control 35,832 11,133
Accruals and deferred income 11,315 149,704
Directors' loan accounts - 1,568
153,240 255,887
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 18,669 1,044
Bank loans 355,426 372,408
374,095 373,452
9. Secured Creditors
The bank borrowing is secured by the following:
1. A debenture dated 31 March 2023
2. A first legal charge over the leasehold property which the company trades from.
3. A cross guarantee from the company (see note 11 below).
4. A personal guarantee provided by Dr N M Shah and Dr P S Shah.
2025 2024
£ £
Bank loans and overdrafts 375,828 392,312
10. Financial Instruments
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £350,400 (2024 - £322,800).
This relates to the outstanding commitments for future minimum operating lease payments for the property which the company trades from.
The above financial commitment is based on rent review held on 15th August 2024. Subsequent rent reviews will be held on every fifth anniversary of that date.
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11. Related Party Transactions
Summary of transactions with other related parties
Dr N M Shah and Dr P S Shah
(Directors and Shareholders)
Dividends amounting to £84,000 each were paid to Dr N M Shah and Dr P S Shah during the year.
At the balance sheet date, the amount due to /(from) the directors was (£11,888) (2024 - £1,568). 
The amount due from the directors are repayable on demand. 
Both the directors have provided personal guarantee towards the bank borrowing by the company.
Dr N M Shah and Dr P S Shah are directors and shareholders in PARDN Properties Ltd.
At the balance sheet date, the amount due from PARDN Properties Ltd was £344.466 (2024 - £327,014). The loan is interest free and repayable on demand.
In addition to the above there is cross guarantee provided by the company and PARDN Properties Ltd in respect of their bank borrowings.
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