Moonz Orthodontics Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Moonz Orthodontics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07767916 . The registered office is 20-22 Wenlock Road, London, N1 7GU.

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.

2.2. 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.

2.3. 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:

Plant & Machinery	Over 5 years
Fixtures & Fittings	Over 10 years
Computer Equipment	Over 5 years

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 6)

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Moonz Orthodontics Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 December 2024

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 30 December 2023	226,454	855,066	29,134	1,110,654
Additions	1,079	-	971	2,050
Disposals	-	(397 )	-	(397 )

As at 29 December 2024	227,533	854,669	30,105	1,112,307

Depreciation
As at 30 December 2023	119,456	342,412	12,834	474,702
Provided during the period	12,132	58,389	5,758	76,279

As at 29 December 2024	131,588	400,801	18,592	550,981

Net Book Value
As at 29 December 2024	95,945	453,868	11,513	561,326

As at 30 December 2023	106,998	512,654	16,300	635,952

5. Stocks

	2024	2023
	£	£
Finished goods	24,067	6,989

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	148,259	131,979
Amounts owed by group undertakings	300,953	300,953

	449,212	432,932

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	5,633	45,507
Bank loans and overdrafts	21,345	29,167
Other taxes and social security	1,593	8,339
Other creditors	143,699	26,734
Accruals and deferred income	1,418	12,534
Amounts owed to group undertakings	1,616,364	1,306,599

	1,790,052	1,428,880

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	526,830	526,830

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Moonz Orthodontics Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 December 2024

9. Related Party Transactions

The Group in which the results of the organisation are consolidated is that headed by Moonz Ortodocia SL.

The company received goods and services from an associated companies to the value of £52,212 during the year (2023 : £64,847)

There are currently amounts due to associated companies totalling £1,616,364 (2023 : £1,306,599)

There are currently amounts due from associated companies of £300,953 (2022 : £300,953)

10. Ultimate Controlling Party

The company's ultimate controlling party is AI Calcium S.a.r.l. by virtue of its indirect ownership of 69% of the issued share capital in the company.

The company's immediate parent company is Moonz Orthodonticia SL (Spain), the smallest group that perpares consolidated accounts including the company.

11. Going Concern

The company has net liabilities of £735,036 at the year end and is reliant on the support of its parent company, MOONZ SL, in the form of inter-group funding, of which £1.3m remains outstanding at the year end.

For the foreseeable future, the UK company’s funding requirements are minimal until its support activities for the group are increased again. Wiithin the context of the above, the director believes that the company will continue to operate into the foreseeable future and that as shareholders and financier of the company, Moonz S.L. will be able continue to provide financial support to the company to enable it to operate as a going concern and to meet its obligations.

The financial statements have been prepared on a going concern basis.

12. Audit Information

The auditor's report on the accounts of Moonz Orthodontics Limited for the year ended 29 December 2024 was unqualified.

The auditor's report was signed by Hemal Doshi (Senior Statutory Auditor) for and on behalf of RDH ACCOUNTANTS LTD , Statutory Auditor.

RDH ACCOUNTANTS LTD

21, High Street

Harrow on the Hill

Middlesex

HA1 3HT

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		561,326		635,952

			561,326		635,952
CURRENT ASSETS
Stocks	5	24,067		6,989
Debtors	6	449,212		432,932
Cash at bank and in hand		20,411		61,813

		493,690		501,734
Creditors: Amounts Falling Due Within One Year	7	(1,790,052 )		(1,428,880 )

NET CURRENT ASSETS (LIABILITIES)			(1,296,362 )		(927,146 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(735,036 )		(291,194 )

NET LIABILITIES			(735,036 )		(291,194 )

CAPITAL AND RESERVES
Called up share capital	8		526,830		526,830
Profit and Loss Account			(1,261,866 )		(818,024 )

SHAREHOLDERS' FUNDS			(735,036)		(291,194)