Ikigai Dental Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

1. General Information

Ikigai Dental Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14748200 . The registered office is 4 Augustus Close, Stanmore, Middlesex, HA7 4PT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The principle accounting policies adopted are set below.The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.

2.2. Going Concern Disclosure

The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concem basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, ner of discounts, value added taxes and other sales taxes.

2.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery

20% Straight Line

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

2.5. 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 income statement 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 income statement as incurred.

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred Tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets anliabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2.7. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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Ikigai Dental Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.9. Critical Accounting Judgements and Key Sources of Estimation Uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	23,067
Additions	29,809

As at 31 March 2025	52,876

Depreciation
As at 1 April 2024	3,466
Provided during the period	10,575

As at 31 March 2025	14,041

Net Book Value
As at 31 March 2025	38,835

As at 1 April 2024	19,601

5. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,962	-
Trade creditors	19,400	19,401
Other taxes and social security	197	1,820
Net wages	602	1,815
Accruals and deferred income	1,920	1,572
Directors' loan accounts	17,081	7,180
Amounts owed to group undertakings	91,734	35,279

	136,896	67,067

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Ikigai Dental Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,898	-

7. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 March 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,962	-
Later than one year and not later than five years	15,898	-

	21,860	-

	21,860	-

8. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	100	100

The nominal value per share is £1 and there are 100 Ordinary Shares in issue.

9. Related Party Transactions

The amount owed to Smile Arts Studio Pvt Ltd, a company related via common control and directorship, totalled £86,266.95 as at the year-end, which is a current liability, interest free and repayable on demand.

The amount owed to Andover Dental Practice Ltd, a company related via common control and directorship, totalled £467 as at the year-end, which is a current liability, interest free and repayable on demand.

The amount owed to Luminous Private Limited, a company related via common control and directorship, totalled £5,000 as at the year-end, which is a current liability, interest free and repayable on demand.

The Director's loan account balance of Dr A Jain of £17,081 as at the year end, is a current liability, interest free and repayable on demand.

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		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		38,835		19,601

			38,835		19,601
CURRENT ASSETS
Cash at bank and in hand		13,213		7,477

		13,213		7,477
Creditors: Amounts Falling Due Within One Year	5	(136,896 )		(67,067 )

NET CURRENT ASSETS (LIABILITIES)			(123,683 )		(59,590 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(84,848 )		(39,989 )

Creditors: Amounts Falling Due After More Than One Year	6		(15,898 )		-

NET LIABILITIES			(100,746 )		(39,989 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			(100,846 )		(40,089 )

SHAREHOLDERS' FUNDS			(100,746)		(39,989)