KARIM DENTAL LTD


Directors	Dr. Michaella Gabrielle Beatrice Karim
	Sejil Ahmad Karim


Registered Address	16 Chatsworth Parade
	Petts Wood
	Orpington
	BR5 1DF


Registered Number	11813301 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

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 is 11813301 and registered office address is 16 Chatsworth Parade, Petts Wood, Orpington, England, BR5 1DF.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	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.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

	Revenue from rendering of services
	Revenue from the rendering of dental services is recognised by reference to the stage of completion at the reporting date. This is typically determined based on the date the service is performed. For longer-term treatment plans, revenue is recognised based on the proportion of services delivered up to the reporting date, where the outcome can be reliably estimated. Where the outcome of a course of treatment cannot be estimated reliably, revenue is recognised only to the extent that the expenses incurred are recoverable. As the company is not registered for VAT, revenue is stated inclusive of any VAT charged to patients.

Revenue from rendering of services

Revenue from the rendering of dental services is recognised by reference to the stage of completion at the reporting date. This is typically determined based on the date the service is performed. For longer-term treatment plans, revenue is recognised based on the proportion of services delivered up to the reporting date, where the outcome can be reliably estimated.

Where the outcome of a course of treatment cannot be estimated reliably, revenue is recognised only to the extent that the expenses incurred are recoverable.

As the company is not registered for VAT, revenue is stated inclusive of any VAT charged to patients.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	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.

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.

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortization and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortization is included in 'administrative expenses' in the profit and loss account. The Company has recognized an intangible asset related to the development and creation of its website. The website is amortized over its useful life of 5 years, reflecting the expected period during which the asset will provide economic benefits to the Company. The amortization is charged on a straight-line basis, commencing from the date the website is ready for use. The carrying amount of the website is reviewed annually to ensure it is not impaired.

Intangible assets

Intangible assets are stated at cost less accumulated amortization and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortization is included in 'administrative expenses' in the profit and loss account.

The Company has recognized an intangible asset related to the development and creation of its website. The website is amortized over its useful life of 5 years, reflecting the expected period during which the asset will provide economic benefits to the Company.

The amortization is charged on a straight-line basis, commencing from the date the website is ready for use. The carrying amount of the website is reviewed annually to ensure it is not impaired.

	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:

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	2	-
Plant and machinery	-	4
Fixtures and fittings	-	4
Office Equipment	-	4

	Stocks and work in progress
	At the year end, the stock has been valued at the lower of cost and net realisable value. The stock consists primarily of dental consumables and materials used in the ordinary course of business. A physical stock take was conducted by the owner of the practice, and the valuation provided is considered to be a true and fair representation of the stock held at the balance sheet date.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest
method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently
measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity
instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	3,400	3,400
At 31 March 25	3,400	3,400
Amortisation and impairment
Charge for year	430	430
At 31 March 25	430	430
Net book value
At 31 March 25	2,970	2,970
At 31 March 24	-	-

4.	Impairment of intangible assets
	Intangible assets are reviewed annually for indicators of impairment. If any indication of impairment exists, the recoverable amount of the asset is estimated. No indicators of impairment were identified during the reporting period.

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
Additions	162,134	107,165	35,867	11,915	317,081
At 31 March 25	162,134	107,165	35,867	11,915	317,081
Depreciation and impairment
Charge for year	3,234	26,718	8,086	1,707	39,745
At 31 March 25	3,234	26,718	8,086	1,707	39,745
Net book value
At 31 March 25	158,900	80,447	27,781	10,208	277,336
At 31 March 24	-	-	-	-	-

6.	Impairment of tangible fixed assets
	Tangible fixed assets are reviewed for indicators of impairment at each reporting date. If such indicators exist, the recoverable amount is estimated and an impairment loss is recognised where the carrying amount exceeds recoverable amount. No such indicators were noted during the year.

7.	Stocks

	2025	2024
	£	£
Finished goods	11,000	-
Total	11,000	-

8.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	12,140	-
Amounts owed by associates and joint ventures / participating interests	35,320	77,955
Other debtors	1,057	766
Total	48,517	78,721


	As at the balance sheet date of 31 March 2025, other debtors comprise the following: Prepayments : £991.41 (2023 : £766.09) Social security taxes : £34.92 (2023:nil)

9.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	532	-
Taxation and social security	-	57,068
Other creditors	7,884	-
Accrued liabilities and deferred income	2,068	761
Total	10,484	57,829


	As at the balance sheet date of 31 March 2025, other creditors comprise the following: Deferred income : £4,739.82 (2023 : nil) Accruals : £2,067.30 (2023 : nil) Wages payable: £3,128.85 (2023 : nil) Pension costs : £15.47 ( 2023:nil)

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	25,030	-
Total	25,030	-

11.	Other commitments
	The Company has entered into a non-cancellable operating lease agreement for office premises with a lease term of 10 years. The annual lease payment is £22,500. As at 31 March 2025, 6 months of the current year's lease payments have been made. The total remaining lease commitment for the unexpired lease term is £213,750, representing 9.5 years of future lease payments. Lease payments are recognized as an expense on a straight-line basis over the lease term. The lease does not transfer substantially all the risks and rewards incidental to ownership of the leased asset to the Company.

11.

Other commitments

The Company has entered into a non-cancellable operating lease agreement for office premises with a lease term of 10 years. The annual lease payment is £22,500.
As at 31 March 2025, 6 months of the current year's lease payments have been made. The total remaining lease commitment for the unexpired lease term is £213,750, representing 9.5 years of future lease payments.
Lease payments are recognized as an expense on a straight-line basis over the lease term. The lease does not transfer substantially all the risks and rewards incidental to ownership of the leased asset to the Company.

12.	Share capital
	The issued share capital of the company comprises one ordinary share of £1, which remains unchanged from the prior year. The share carries equal voting rights, rights to dividends, and rights to a distribution of capital on winding up. This share is wholly owned by the parent company, M&S Karim Limited.

13.	Related party transactions
	The Company is a wholly-owned subsidiary of M&S Karim Limited and whose registered office is 16 Chatsworth Parade, Petts Wood, Orpington, Kent, United Kingdom, BR5 1DF . During the year, the Company entered into transactions with both its holding company M&S Karim Ltd and its associate M&S Karim proprieties in the ordinary course of business. These transactions were carried out on normal commercial terms. At 31 March 2025: The Company was owed £532 to M&S Karim Limited. The Company was owed £35,320.32 by M&S Karim Properties Limited. All outstanding balances with related parties are unsecured, interest-free, and have no fixed date for repayment. No guarantees have been given or received in respect of these balances.

13.

Related party transactions

The Company is a wholly-owned subsidiary of M&S Karim Limited and whose registered office is 16 Chatsworth Parade, Petts Wood, Orpington, Kent, United Kingdom, BR5 1DF .

During the year, the Company entered into transactions with both its holding company M&S Karim Ltd and its associate M&S Karim proprieties in the ordinary course of business. These transactions were carried out on normal commercial terms.

At 31 March 2025:

The Company was owed £532 to M&S Karim Limited.

The Company was owed £35,320.32 by M&S Karim Properties Limited.

All outstanding balances with related parties are unsecured, interest-free, and have no fixed date for repayment. No guarantees have been given or received in respect of these balances.

14.	Controlling party
	The company is a wholly owned subsidiary of M&S Karim Ltd, which is the immediate and ultimate controlling party.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		2,970		-
Tangible assets	5		277,336		-
			280,306		-
Current assets
Stocks	7	11,000		-
Debtors	8	48,517		78,721
Cash at bank and on hand		39,486		295,966
		99,003		374,687
Creditors amounts falling due within one year	9	(10,484)		(57,829)
Net current assets (liabilities)			88,519		316,858
Total assets less current liabilities			368,825		316,858
Provisions for liabilities	10		(25,030)		-
Net assets			343,795		316,858
Capital and reserves
Called up share capital			1		1
Profit and loss account			343,794		316,857
Shareholders' funds			343,795		316,858