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Registered number: 11864978
St Paul's 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—5
Page 1
Balance Sheet
Registered number: 11864978
31 March 2025 31 July 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 403,723 462,936
403,723 462,936
CURRENT ASSETS
Stocks 5 97,503 46,813
Debtors 6 223,712 137,650
Cash at bank and in hand 422,213 352,927
743,428 537,390
Creditors: Amounts Falling Due Within One Year 7 (461,064 ) (338,165 )
NET CURRENT ASSETS (LIABILITIES) 282,364 199,225
TOTAL ASSETS LESS CURRENT LIABILITIES 686,087 662,161
Creditors: Amounts Falling Due After More Than One Year 8 (386,721 ) (486,585 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,544 ) (31,544 )
NET ASSETS 267,822 144,032
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 267,722 143,932
SHAREHOLDERS' FUNDS 267,822 144,032
Page 1
Page 2
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 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
St Paul's Orthodontics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11864978 . 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. 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
2.4. 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.
2.5. 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.
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2.6. 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: 21 (2024: 20)
21 20
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Office Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 400,561 288,922 27,777 76,357 793,617
Additions - 6,388 229 130 6,747
As at 31 March 2025 400,561 295,310 28,006 76,487 800,364
Depreciation
As at 1 August 2024 118,996 155,972 16,051 39,662 330,681
Provided during the period 26,704 31,162 1,964 6,130 65,960
As at 31 March 2025 145,700 187,134 18,015 45,792 396,641
Net Book Value
As at 31 March 2025 254,861 108,176 9,991 30,695 403,723
As at 1 August 2024 281,565 132,950 11,726 36,695 462,936
5. Stocks
31 March 2025 31 July 2024
£ £
Materials 97,503 46,813
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6. Debtors
31 March 2025 31 July 2024
£ £
Due within one year
Trade debtors 110,861 100,252
Amounts owed by group undertakings 27,391 18,270
Other debtors 85,460 19,128
223,712 137,650
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 July 2024
£ £
Net obligations under finance lease and hire purchase contracts 59,756 56,454
Trade creditors 171,532 70,414
Bank loans and overdrafts 82,438 77,094
Amounts owed to group undertakings 47,995 55,012
Other creditors 29,999 62,878
Taxation and social security 69,344 16,313
461,064 338,165
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 July 2024
£ £
Net obligations under finance lease and hire purchase contracts 56,474 99,030
Bank loans 330,247 387,555
386,721 486,585
9. 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 59,756 56,454
Later than one year and not later than five years 56,474 99,030
116,230 155,484
116,230 155,484
10. Share Capital
31 March 2025 31 July 2024
£ £
Allotted, Called up and fully paid 100 100
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