REGISTERED NUMBER: SC361249 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

M-Brace Orthodontics Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr R R Mahesh

SECRETARY:

Mrs S Mahesh

REGISTERED OFFICE:

Cornerstone House

Station Road

Selkirk

TD7 5DJ

REGISTERED NUMBER:

SC361249 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

144,000

-

Tangible assets

5

1,569,640

1,367,440

1,713,640

1,367,440

CURRENT ASSETS

Stocks

27,698

24,414

Debtors

6

815,650

533,078

Cash at bank and in hand

43,015

832,071

886,363

1,389,563

CREDITORS

Amounts falling due within one year

7

444,793

569,108

NET CURRENT ASSETS

441,570

820,455

TOTAL ASSETS LESS CURRENT LIABILITIES

2,155,210

2,187,895

PROVISIONS FOR LIABILITIES

9

195,833

143,069

NET ASSETS

1,959,377

2,044,826

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,959,277

2,044,726

SHAREHOLDERS' FUNDS

1,959,377

2,044,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2025 and were signed by:

Dr R R Mahesh - Director

1.	STATUTORY INFORMATION

M-Brace Orthodontics Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

Straight line over 10-20 years

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on 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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

740,000

Additions

160,000

At 31 March 2025

900,000

AMORTISATION

At 1 April 2024

740,000

Amortisation for year

16,000

At 31 March 2025

756,000

NET BOOK VALUE

At 31 March 2025

144,000

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

1,622,624

615,418

59,490

147,221

2,444,753

Additions

84,529

270,675

-

3,377

358,581

At 31 March 2025

1,707,153

886,093

59,490

150,598

2,803,334

DEPRECIATION

At 1 April 2024

634,229

284,197

34,393

124,494

1,077,313

Charge for year

81,298

60,193

6,274

8,616

156,381

At 31 March 2025

715,527

344,390

40,667

133,110

1,233,694

NET BOOK VALUE

At 31 March 2025

991,626

541,703

18,823

17,488

1,569,640

At 31 March 2024

988,395

331,221

25,097

22,727

1,367,440

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

103,151

151,338

Amounts owed by group undertakings

577,550

375,750

Other debtors

25,569

5,000

Directors' current accounts

109,380

990

815,650

533,078

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

71,561

-

Tax

56,116

148,482

Other creditors

3,362

12,482

Accrued expenses

313,754

408,144

444,793

569,108

8.	LEASING AGREEMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025

2024

£

£

96,500

128,500

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

195,833

143,069

Deferred

tax

£

Balance at 1 April 2024

143,069

Provided during year

52,764

Balance at 31 March 2025

195,833

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Dr R R Mahesh

Balance outstanding at start of year

990

-

Amounts advanced

505,982

1,265,645

Amounts repaid

(397,592

)

(1,264,655

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

109,380

990

Interest has been charged at an average rate of 2.25% per annum. The loan was repaid after the year end.