SSS Orthodontics Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13409929

SSS Orthodontics Limited

Unaudited financial statements

31 March 2025

SSS Orthodontics Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	325,371	374,795
Tangible assets	6	39,304	18,742
		---------	---------
		364,675	393,537

Current assets

Stocks		40,316	36,446
Debtors	7	16,488	18,707
Cash at bank and in hand		51,076	66,964
		---------	---------
		107,880	122,117

Creditors: Amounts falling due within one year	8	( 41,564)		( 72,184)
		---------		---------
Net current assets			66,316		49,933
			---------		---------
Total assets less current liabilities			430,991		443,470

Creditors: Amounts falling due after more than one year	9		( 187,140)		( 196,056)

Provisions

Taxation including deferred tax	( 3,994)	( 4,686)
	---------	---------
Net assets	239,857	242,728
	---------	---------

Capital and reserves

Called up share capital	102	102
Profit and loss account	239,755	242,626
	---------	---------
Shareholders funds	239,857	242,728
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SSS Orthodontics Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr Amerjit Singh	Mrs Rupinder Sandhu
Director	Secretary

Company registration number: 13409929

SSS Orthodontics Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six North Quay, Great Yarmouth, Norfolk, NR30 1HE. The company's place of business is 179 Stock Road, Billericay, Essex, CM12 0SD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Amortisation of goodwill is estimated over 10 years. The carrying value at the year end was £325,371 (2024: £374,795).

Revenue recognition

Turnover is in respect of dental services rendered and is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Amortised over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% 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.

Finance leases and hire purchase contracts

Assets held under hire purchase contract are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the income statement on a reducing basis.

Defined contribution plans

Contributions to defined contribution pensions are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 6 (2024: 6 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	494,234
	---------
Amortisation
At 1 April 2024	119,439
Charge for the year	49,424
	---------
At 31 March 2025	168,863
	---------
Carrying amount
At 31 March 2025	325,371
	---------
At 31 March 2024	374,795
	---------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	875	–	33,820	34,695
Additions	1,654	28,447	–	30,101
	------	-------	-------	-------
At 31 March 2025	2,529	28,447	33,820	64,796
	------	-------	-------	-------
Depreciation
At 1 April 2024	92	–	15,861	15,953
Charge for the year	309	4,741	4,489	9,539
	------	-------	-------	-------
At 31 March 2025	401	4,741	20,350	25,492
	------	-------	-------	-------
Carrying amount
At 31 March 2025	2,128	23,706	13,470	39,304
	------	-------	-------	-------
At 31 March 2024	783	–	17,959	18,742
	------	-------	-------	-------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 March 2025	23,706
	-------
At 31 March 2024	–
	-------

7. Debtors

	2025	2024
	£	£
Other debtors	16,488	18,707
	-------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans	6,399	6,567
Trade creditors	5,211	20,607
Social security and other taxes	28,221	45,010
Other creditors	1,733	–
	-------	-------
	41,564	72,184
	-------	-------

The loan is secured on the property concerned and its fixtures. Included in other creditors is an amount of £1,733 (2024: £nil) for hire purchase liabilities which are secured on the assets concerned.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	160,163	192,978
Other creditors	26,977	3,078
	---------	---------
	187,140	196,056
	---------	---------

The loan is secured on the property concerned and its fixtures. Included in other creditors is an amount of £23,653 (2024: £nil) for hire purchase liabilities which are secured on the assets concerned.

10.Directors' advances, credits and guarantees

During the year the directors operated a loan with the company at H M Revenue & Customs approved interest rates, as at the year end the director owed the company £13,814. (2024: £15,291)