SHOREHAM ORAL CARE LTD


Directors	Dr N Julka
	Dr S Patel
	Dr J Patel
	Dr R K Sethi


Registered Address	2nd Floor Grove House
	55 Lowlands Road
	Harrow
	HA1 3AW


Registered Number	05234769 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill represents the excess of the cost of acquisition of unincorporated business over the fair valuer of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortasation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on systematic basis over its expected life, which is 20 years.

Intangible assets

Goodwill represents the excess of the cost of acquisition of unincorporated business over the fair valuer of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortasation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on systematic basis over its expected life, which is 20 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	1
	Plant and machinery	20
	Fixtures and fittings	30
	Office Equipment	30

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Financial instruments
	Financial instruments Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments

Financial instruments
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	16		17

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	600,000	600,000
At 31 March 25	600,000	600,000
Amortisation and impairment
At 01 April 24	480,000	480,000
Charge for year	60,000	60,000
At 31 March 25	540,000	540,000
Net book value
At 31 March 25	60,000	60,000
At 31 March 24	120,000	120,000

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	383,233	188,479	15,206	8,046	594,964
Additions	-	778	-	5,233	6,011
At 31 March 25	383,233	189,257	15,206	13,279	600,975
Depreciation and impairment
At 01 April 24	36,646	153,553	9,910	2,740	202,849
Charge for year	3,465	7,088	1,589	2,047	14,189
At 31 March 25	40,111	160,641	11,499	4,787	217,038
Net book value
At 31 March 25	343,122	28,616	3,707	8,492	383,937
At 31 March 24	346,587	34,926	5,296	5,306	392,115

5.	Stocks

	2025	2024
	£	£
Other stocks	3,500	3,500
Total	3,500	3,500

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	39,911	16,514
Amounts owed by group undertakings	1,676,582	1,676,582
Other debtors	930,950	965,450
Prepayments and accrued income	1,855	2,106
Total	2,649,298	2,660,652

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	23,721	25,362
Bank borrowings and overdrafts	107,415	107,415
Taxation and social security	-	7,105
Other creditors	227,818	92,490
Accrued liabilities and deferred income	2,999	3,000
Total	361,953	235,372


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,121,691	1,195,135
Total	1,121,691	1,195,135

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	9,937	11,057
Total	9,937	11,057

10.	Related party transactions
	Including in the amount owed by the group is £1,676,582 (2024 £1,676,582) owed by Teeth R Us Ltd related as part of group company. Other debtors includes following balances: Quality Dental Practices Ltd,: £30,950 (2024: £30,950) Crossway Dental Practice £635,000 Quality Dental Fulham Limited: £227,500. QD Wimbledon- £37,500 Other Creditors includes following balances: - QD Boulevard- £80,000 - Quality Dental Albion Limited- £80,000

10.

Related party transactions

Including in the amount owed by the group is £1,676,582 (2024 £1,676,582) owed by Teeth R Us Ltd related as part of group company.

Other debtors includes following balances: 
Quality Dental Practices Ltd,: £30,950 (2024: £30,950)  
Crossway Dental Practice £635,000 
Quality Dental Fulham Limited: £227,500.
QD Wimbledon- £37,500

Other Creditors includes following balances:
- QD Boulevard- £80,000
- Quality Dental Albion Limited- £80,000

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		60,000		120,000
Tangible assets	4		383,937		392,115
			443,937		512,115
Current assets
Stocks	5	3,500		3,500
Debtors	6	2,649,298		2,660,652
Cash at bank and on hand		161,923		94,345
		2,814,721		2,758,497
Creditors amounts falling due within one year	7	(361,953)		(235,372)
Net current assets (liabilities)			2,452,768		2,523,125
Total assets less current liabilities			2,896,705		3,035,240
Creditors amounts falling due after one year	8		(1,121,691)		(1,195,135)
Provisions for liabilities	9		(9,937)		(11,057)
Net assets			1,765,077		1,829,048
Capital and reserves
Called up share capital			2		2
Profit and loss account			1,765,075		1,829,046
Shareholders' funds			1,765,077		1,829,048