Oriel Orthodontics Ltd. iXBRL

Oriel Orthodontics Ltd.

Abridged Unaudited Financial Statements

for the financial year ended 31 March 2025

Oriel Orthodontics Ltd.

Company Registration Number: NI628228

ABRIDGED BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

6,726

2,878

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Current Assets

Cash at bank and in hand

637,306

361,969

Creditors: amounts falling due within one year

(41,945)

(26,021)

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Net Current Assets

595,361

335,948

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Total Assets less Current Liabilities

602,087

338,826

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Capital and Reserves

Called up share capital

100

100

Retained earnings

601,987

338,726

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Shareholders' Funds

602,087

338,826

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 27 June 2025 and signed on its behalf by




________________________________
Dónal Macauley
Director

Oriel Orthodontics Ltd.

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

Oriel Orthodontics Ltd. is a private company limited by shares incorporated in Northern Ireland. 12 Donaghaguy Road, Warrenpoint, Co. Down, BT34 3RZ , Northern Ireland is the registered office, which is also the principal place of business of the company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

These financial statements cover the individual entity for the year ended 31st March 2025.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of services supplied by the company.

Goodwill

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

4% Straight line

Plant and machinery

15% Straight line

Fixtures, fittings and equipment

20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the year was:

2025

2024

Number

Number

Employees

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4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 April 2024	10,000
		─────────

	At 31 March 2025	10,000
		─────────
	Amortisation

	At 31 March 2025	10,000
		─────────
	Net book value
	At 31 March 2025	-
		═════════


5.	Tangible assets
		Land and	Plant and	Fixtures,	Total
		buildings	machinery	fittings and
		freehold		equipment
		£	£	£	£
	Cost
	At 1 April 2024	3,314	77,076	48,385	128,775
	Additions	-	-	4,881	4,881
		─────────	─────────	─────────	─────────
	At 31 March 2025	3,314	77,076	53,266	133,656
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 April 2024	984	77,075	47,838	125,897
	Charge for the financial year	133	-	900	1,033
		─────────	─────────	─────────	─────────
	At 31 March 2025	1,117	77,075	48,738	126,930
		─────────	─────────	─────────	─────────
	Net book value
	At 31 March 2025	2,197	1	4,528	6,726
		═════════	═════════	═════════	═════════
	At 31 March 2024	2,330	1	547	2,878
		═════════	═════════	═════════	═════════