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Notes to the financial statements
Year ended 31 March 2025
Toothwizard Ltd ('the company') is a private company limited by shares, incorporated in the United Kingdom and registered in England. The address of the registered office is 40 Gonville Avenue, Sutton, Macclesfield, Cheshire, United Kingdom, SK11 0EG.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared in accordance with Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic
of Ireland' (FRS 102) and the Companies Act 2006.
The following principal accounting policies have been applied:
The following principal accounting policies have been applied:
The turnover in the profit and loss account represents the value of work performed during the period.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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The average monthly number of employees, including directors, during the year was 2 (2024: 2).
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3
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