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Registered number: 11428672
Embrace Orthodontics Limited
Financial Statements
For the Period 1 August 2024 to 31 March 2025
Watergates
Chartered Certified Accountants & Registered Auditors
Watergates Building, 109 Coleman Road
Leicester
LE5 4LE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11428672
31 March 2025 31 July 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,167 3,800
Tangible Assets 5 867,215 346,663
870,382 350,463
CURRENT ASSETS
Stocks 6 111,968 47,352
Debtors 7 413,055 230,551
Cash at bank and in hand 354,779 150,989
879,802 428,892
Creditors: Amounts Falling Due Within One Year 8 (1,646,653 ) (949,800 )
NET CURRENT ASSETS (LIABILITIES) (766,851 ) (520,908 )
TOTAL ASSETS LESS CURRENT LIABILITIES 103,531 (170,445 )
Creditors: Amounts Falling Due After More Than One Year 9 (530,470 ) (241,507 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (48,691 ) (48,691 )
NET LIABILITIES (475,630 ) (460,643 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (475,730 ) (460,743 )
SHAREHOLDERS' FUNDS (475,630) (460,643)
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For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Raphy Paul Paul Cheruvathur
Director
29th December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Embrace Orthodontics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11428672 . The registered office is Bright Orthodontics Widnes, 130-132 Widnes Road, Widnes, WA8 6AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 years straight line
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Office Equipment 25% reducing balance
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 profit and loss account 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 profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 32 (2024: 30)
32 30
4. Intangible Assets
Other
£
Cost
As at 1 August 2024 4,750
As at 31 March 2025 4,750
Amortisation
As at 1 August 2024 950
Provided during the period 633
As at 31 March 2025 1,583
Net Book Value
As at 31 March 2025 3,167
As at 1 August 2024 3,800
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Office Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 186,761 429,051 25,173 97,051 738,036
Additions 498,741 83,989 19,004 15,246 616,980
As at 31 March 2025 685,502 513,040 44,177 112,297 1,355,016
...CONTINUED
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Depreciation
As at 1 August 2024 58,026 264,875 14,959 53,513 391,373
Provided during the period 41,747 41,113 4,521 9,047 96,428
As at 31 March 2025 99,773 305,988 19,480 62,560 487,801
Net Book Value
As at 31 March 2025 585,729 207,052 24,697 49,737 867,215
As at 1 August 2024 128,735 164,176 10,214 43,538 346,663
6. Stocks
31 March 2025 31 July 2024
£ £
Materials 111,968 47,352
7. Debtors
31 March 2025 31 July 2024
£ £
Due within one year
Trade debtors 125,938 117,520
Amounts owed by group undertakings 123,057 112,838
Other debtors 164,060 193
413,055 230,551
8. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 July 2024
£ £
Net obligations under finance lease and hire purchase contracts 34,910 34,527
Trade creditors 145,618 28,713
Bank loans and overdrafts 127,779 40,496
Amounts owed to group undertakings 1,256,681 721,442
Other creditors 55,336 100,579
Taxation and social security 26,329 24,043
1,646,653 949,800
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 July 2024
£ £
Net obligations under finance lease and hire purchase contracts 26,145 49,495
Bank loans 504,325 192,012
530,470 241,507
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10. Obligations Under Finance Leases and Hire Purchase
31 March 2025 31 July 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 34,910 34,527
Later than one year and not later than five years 26,145 49,495
61,055 84,022
61,055 84,022
11. Share Capital
31 March 2025 31 July 2024
£ £
Allotted, Called up and fully paid 100 100
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