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COMPANY REGISTRATION NUMBER: 07520528

Chokshi Limited

Unaudited financial statements

31 March 2025

Chokshi Limited

Statement of financial position

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Intangible assets | 5 |  | 4,368 |  | –
Tangible assets | 6 |  | 1,279,549 |  | 723,098
|  | ----------- |  | ---------
|  | 1,283,917 |  | 723,098

Current assets

Stocks | 13,723 |  | 13,307 |
Debtors | 7 | 2,546,731 |  | 2,228,772 |
Cash at bank and in hand | 1,631,839 |  | 1,665,891 |
| ----------- |  | ----------- |
| 4,192,293 |  | 3,907,970 |

Creditors: Amounts falling due within one year | 8 | ( 1,173,657) |  | ( 1,176,468) |
| ----------- |  | ----------- |
Net current assets |  | 3,018,636 |  | 2,731,502
|  | ----------- |  | -----------
Total assets less current liabilities |  | 4,302,553 |  | 3,454,600

Provisions

Taxation including deferred tax |  | ( 296,462) |  | ( 156,160)
|  | ----------- |  | -----------
Net assets |  | 4,006,091 |  | 3,298,440
|  | ----------- |  | -----------

Capital and reserves

Called up share capital | 9 |  | 2 |  | 2
Profit and loss account |  | 4,006,089 |  | 3,298,438
|  | ----------- |  | -----------
Shareholders funds |  | 4,006,091 |  | 3,298,440
|  | ----------- |  | -----------

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 .

Chokshi Limited

Statement of financial position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 11 November 2025 , and are signed on behalf of the board by:

Mr A Chokshi
Director

Company registration number: 07520528

Chokshi 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 Lovewell Blake LLP, Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably .
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 | - | Over 10 years
| Website costs | - | Over 5 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:

| Computer equipment | - | 10% reducing balance
| Fixtures and fittings | - | 10% reducing balance
| Motor vehicles | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 25 (2024: 25 ).
5. Intangible assets

| Goodwill | Website costs | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 | 543,036 | – | 543,036
Additions | – | 4,680 | 4,680
| --------- | ------ | ---------
At 31 March 2025 | 543,036 | 4,680 | 547,716
| --------- | ------ | ---------
Amortisation |  |  |
At 1 April 2024 | 543,036 | – | 543,036
Charge for the year | – | 312 | 312
| --------- | ------ | ---------
At 31 March 2025 | 543,036 | 312 | 543,348
| --------- | ------ | ---------
Carrying amount |  |  |
At 31 March 2025 | – | 4,368 | 4,368
| --------- | ------ | ---------
At 31 March 2024 | – | – | –
| --------- | ------ | ---------

6. Tangible assets

| Leasehold Property Improvem'ts | Computer equipment | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2024 | 364,320 | 21,402 | 526,889 | 67,305 | 979,916
Additions | 5,186 | 15,578 | 549,098 | 55,995 | 625,857
Disposals | – | – | – | ( 54,390) | ( 54,390)
| --------- | ------- | ----------- | ------- | -----------
At 31 March 2025 | 369,506 | 36,980 | 1,075,987 | 68,910 | 1,551,383
| --------- | ------- | ----------- | ------- | -----------
Depreciation |  |  |  |  |
At 1 April 2024 | – | 6,431 | 212,323 | 38,064 | 256,818
Charge for the year | – | 2,136 | 39,068 | 8,124 | 49,328
Disposals | – | – | – | ( 34,312) | ( 34,312)
| --------- | ------- | ----------- | ------- | -----------
At 31 March 2025 | – | 8,567 | 251,391 | 11,876 | 271,834
| --------- | ------- | ----------- | ------- | -----------
Carrying amount |  |  |  |  |
At 31 March 2025 | 369,506 | 28,413 | 824,596 | 57,034 | 1,279,549
| --------- | ------- | ----------- | ------- | -----------
At 31 March 2024 | 364,320 | 14,971 | 314,566 | 29,241 | 723,098
| --------- | ------- | ----------- | ------- | -----------

The bank has charges held against the property.
7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 101,961 | 63,915
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 295,341 | 239,249
Other debtors | 2,149,429 | 1,925,608
| ----------- | -----------
| 2,546,731 | 2,228,772
| ----------- | -----------

8. Creditors: Amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 165,193 | 223,910
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 375,463 | 262,443
Social security and other taxes | 84,049 | 206,054
Patient fees in advance | 443,269 | 331,854
NHS UDA shortfall | 37,613 | 121,431
Other creditors | 68,070 | 30,776
| ----------- | -----------
| 1,173,657 | 1,176,468
| ----------- | -----------

9. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 2 | 2 | 2 | 2
| ---- | ---- | ---- | ----

10. Directors' advances, credits and guarantees
During the year, the directors operated a loan account with the company. At the year end, the total balance on this account was £446,947 (2024: £333,791) owed by the directors, and is included in other debtors. Interest was paid on the overdrawn balance at HMRC approved rates.
11. Related party transactions
The directors own all of the share capital of ASNC Enterprise Limited, Cantab Dental Limited and Huntingdon Smiles Limited. As at 31 March 2025 the company was owed £1,519,238 (2024: £1,518,331) from ASNC Enterprise Limited and £3,700 (2024: £3,700) from Cantab Dental Limited. As at 31 March 2025 the company owed Huntingdon Smiles Limted £41,602 (2024: £nil). The company rents the trade premises from ASNC Enterprise Limited at the commercial rate. During the year ended 31 March 2025, the company invoiced £76,000 (2024: £53,500) to Littleport dental practice for practice management services. Littleport Dental Practice is a trading partnership with the directors as partners.