07396680falsethat of a dental practice.2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/cd:Director22024-04-012025-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/cd:Director32024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2025-03-31http://www.companieshouse.gov.uk/cd:Director42024-04-012025-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07396680
ORTHOKIND LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
ADI & CO ACCOUNTANTS LTD
CHARTERED CERTIFIED ACCOUNTANTS
THE ATRIUM
1 HAREFIELD ROAD
UXBRIDGE
UB8 1EX
ORTHOKIND LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Dr A B Ogunro
Dr K Banai
..
.
REGISTERED OFFICE
171 Shenley Road
Borehamwood
WD6 1AH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07396680
ACCOUNTANTS
ADI & CO ACCOUNTANTS LTD
CHARTERED CERTIFIED ACCOUNTANTS
THE ATRIUM
1 HAREFIELD ROAD
UXBRIDGE
UB8 1EX
ORTHOKIND LIMITED
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Strategic Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
ORTHOKIND LIMITED
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Intangible assets2-271,250
Tangible assets3195,430221,169
195,430492,419
CURRENT ASSETS
Stock5,8505,145
Debtors5855,441776,802
Cash at bank and in hand3,49444
864,785781,991
CREDITORS: Amounts falling due within one year6428,013410,292
NET CURRENT ASSETS436,772371,699
TOTAL ASSETS LESS CURRENT LIABILITIES632,202864,118
CREDITORS: Amounts falling due after more than one year7202,353220,106
PROVISIONS FOR LIABILITIES AND CHARGES922,349-
NET ASSETS407,500644,012
CAPITAL AND RESERVES
Called up share capital10101101
Revaluation reserve1g,11-642,428
Profit and loss account407,3991,483
SHAREHOLDERS' FUNDS407,500644,012
ORTHOKIND LIMITED
BALANCE SHEET AT 31/03/2025
For the year ending 31/03/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/12/2025 and signed on their behalf by
.............................
Dr A B Ogunro
Director
.............................
Dr K Banai
Director
ORTHOKIND LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The financial statements have been prepared on a going concern basis, as the directors consider this appropriate.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 10%
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Goodwill
Goodwill is stated at cost less amortisation and impairment. It is amortised on a straight-line basis over its estimated useful life, not exceeding five years. Goodwill is reviewed for impairment when indicators arise.
1g. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
1h. Turnover
Revenue is recognised over time as orthodontic services are delivered. For NHS contracts, income is recognised based on Units of Orthodontic Activity (UOAs) completed. For private patients, revenue is apportioned across the treatment period based on the stage of completion. Payments received in advance are deferred until the related services are provided.
ORTHOKIND LIMITED
1i.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2024620,000620,000
Disposals(620,000)(620,000)
At 31/03/2025--
Depreciation
At 01/04/2024348,750348,750
Disposals(348,750)(348,750)
At 31/03/2025--
Net Book Amounts
At 31/03/2025--
At 31/03/2024271,250271,250
.
.
See note 18 for details.
3. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsEquipmentTotal
££££
Cost
At 01/04/2024116,472125,582131,943373,997
Additions--38,82638,826
Disposals-(34,000)-(34,000)
At 31/03/2025116,47291,582170,769378,823
Depreciation
At 01/04/202411,64756,89584,286152,828
Disposals-(34,000)-(34,000)
For the year11,64722,89530,02364,565
At 31/03/202523,29445,790114,309183,393
Net Book Amounts
At 31/03/202593,17845,79256,460195,430
At 31/03/2024104,82568,68747,657221,169
ORTHOKIND LIMITED
4. STOCK 20252024
££
Stock comprises:
Stock5,8505,145
5,8505,145
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors91,94185,494
Prepayments-23,666
91,941109,160
Amounts falling due over more than one year
Borehamwood Ortho Clinic Ltd95,858667,642
Orthoclinic Holding Ltd667,642-
763,500667,642
855,441776,802
Amount receivable from Borehamwood Orthoclinic Ltd, a fellow subsidiary, as at 31 March 2025 was £95,858 (2024- £667,642) and the amount receivable from Orthoclinic Holding Ltd , immediate parent company was £667,642 (2024- Nil).
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax79,92535,858
PAYE control32,32134,506
Salaries and wages control7,123779
Bank loans and overdrafts-21,006
Trade creditors33,45040,687
Pension schemes2,0202,508
Accruals6,4985,431
Deferred income266,676269,517
428,013410,292
ORTHOKIND LIMITED
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans 184,413220,106
Hire purchase17,940-
202,353220,106
8. EMPLOYEES
20252024
No.No.
Average number of employees2221
9. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation22,349-
22,349-
10. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
101 Ordinary shares of £1 each101101
101101
ORTHOKIND LIMITED
11. REVALUATION RESERVE 20252024
££
Revaluation reserve642,428642,428
Revaluation reserve released(642,428)-
-642,428
Prior Year Adjustment. In accordance with FRS 102 Section 3 (Financial Statement Presentation) and Section 10 (Accounting Policies, Estimates and Errors), a prior year adjustment has been made to correct the recognition of goodwill in the financial statements for the year ended 31 March 2013. Upon review, it was identified that goodwill had been incorrectly recognised, with a corresponding entry posted to the revaluation reserve. Under FRS 102, goodwill may only be recognised when it arises from a business combination. As no such transaction occurred at the time of acquisition, the recognition of goodwill was not appropriate. Fixtures and fittings were revalued on acquisition by £22,428. These assets have since been fully depreciated. In prior periods, the depreciation arising from the revaluation was incorrectly transferred to retained earnings rather than offset against the revaluation reserve, resulting in no movement in the reserve. This prior year adjustment corrects the treatment and restates the reserves in accordance with FRS 102, ensuring the financial statements present a true and fair view.Accordingly, the previously recognised goodwill and the related revaluation reserve have been removed from the comparative figures.
12. CONTROLLING PARTY
On 1 April 2024, as a part of group reorganisation, the Company was acquired by Orthoclinic Holding Ltd (parent company). Prior to 1 April 2024, Orthokind Ltd was wholly owend by Borehamwood Orthoclinic Ltd.
13. EXTRAORDINARY ITEMS LESS TAXATION 20252024
££
Impairment gain on assets(22,428)-
Net Extraordinary profit after taxation(22,428)-
14. PRIOR YEAR ADJUSTMENT - PROFIT AND LOSS RESERVE
Goodwill cost 620,000
Fixture & fittings revlauation22,428
Total642,428