BARNET ORTHODONTIC PRACTICE LIMITED


Director	Coonar Amit Kaur Dr.


Registered Address	118 Mercers Road
	Tufnell Park
	N19 4PU


Registered Number	07208114 (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 is 07208114 and registered office address is 118 Mercers Road, Tufnell Park, London, England, N19 4PU.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable and represents revenue earned from the provision of dental services during the period. As the company is not registered for VAT, turnover is stated inclusive of any irrecoverable VAT.

	Revenue from rendering of services
	Revenue from the rendering of dental services is recognised by reference to the stage of completion at the reporting date. This is typically determined based on the date the service is performed. For longer-term treatment plans, revenue is recognised based on the proportion of services delivered up to the reporting date, where the outcome can be reliably estimated. Where the outcome of a course of treatment cannot be estimated reliably, revenue is recognised only to the extent that the expenses incurred are recoverable. As the company is not registered for VAT, revenue is stated inclusive of any VAT charged to patients

Revenue from rendering of services

Revenue from the rendering of dental services is recognised by reference to the stage of completion at the reporting date. This is typically determined based on the date the service is performed. For longer-term treatment plans, revenue is recognised based on the proportion of services delivered up to the reporting date, where the outcome can be reliably estimated.
Where the outcome of a course of treatment cannot be estimated reliably, revenue is recognised only to the extent that the expenses incurred are recoverable. As the company is not registered for VAT, revenue is stated inclusive of any VAT charged to patients

	Interest income
	Interest income is recognised using the effective interest rate method.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortization and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortization is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill & other Intangible assets are amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognized.

Goodwill

Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill & other Intangible assets are amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognized.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: All tangible fixed assets have been fully depreciated as at the balance sheet date. Accordingly, no depreciation charge has been recorded in the current year.

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

All tangible fixed assets have been fully depreciated as at the balance sheet date. Accordingly, no depreciation charge has been recorded in the current year.


		Straight line (years)
	Plant and machinery	4
	Fixtures and fittings	4
	Office Equipment	4

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 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

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or
their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

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	1		1

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 April 24	441,826	2,404	444,230
At 31 March 25	441,826	2,404	444,230
Amortisation and impairment
At 01 April 24	331,369	480	331,849
Charge for year	44,183	240	44,423
At 31 March 25	375,552	720	376,272
Net book value
At 31 March 25	66,274	1,684	67,958
At 31 March 24	110,457	1,924	112,381

4.	Useful life of intangible assets
	The company previously amortised goodwill over a 20-year useful life. Following a review to align with industry practice and HMRC guidelines, the estimated useful life has been revised to 10 years, effective 31 March 2025. This change is treated prospectively. The carrying amount of goodwill at 31 March 2025 will be amortised over the remaining period of the revised 10-year life, resulting in the asset being fully amortised within the next two financial years. The current year’s amortisation charge reflects this revision, and no adjustments have been made to prior periods.

Useful life of intangible assets

The company previously amortised goodwill over a 20-year useful life. Following a review to align with industry practice and HMRC guidelines, the estimated useful life has been revised to 10 years, effective 31 March 2025.

This change is treated prospectively. The carrying amount of goodwill at 31 March 2025 will be amortised over the remaining period of the revised 10-year life, resulting in the asset being fully amortised within the next two financial years. The current year’s amortisation charge reflects this revision, and no adjustments have been made to prior periods.

5.	Impairment of intangible assets
	At each reporting date, the company assesses whether there is any indication that its intangible assets may be impaired. Where such indicators exist, the recoverable amount of the asset is estimated. Based on management’s review at 31 March 2025, no impairment charge was deemed necessary. The carrying value of goodwill and other intangibles continues to reflect expected future economic benefits.

Impairment of intangible assets

At each reporting date, the company assesses whether there is any indication that its intangible assets may be impaired. Where such indicators exist, the recoverable amount of the asset is estimated.
Based on management’s review at 31 March 2025, no impairment charge was deemed necessary. The carrying value of goodwill and other intangibles continues to reflect expected future economic benefits.

6.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	87,418	27,138	38,046	152,602
Additions	-	-	1,298	1,298
At 31 March 25	87,418	27,138	39,344	153,900
Depreciation and impairment
At 01 April 24	87,418	27,138	38,046	152,602
Charge for year	-	-	177	177
At 31 March 25	87,418	27,138	38,223	152,779
Net book value
At 31 March 25	-	-	1,121	1,121
At 31 March 24	-	-	-	-

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	5,028	5,220
Other debtors	40,987	-
Prepayments and accrued income	-	471
Total	46,015	5,691


	As at balance sheet date on 31st March 2025 , other debtors comprises the below: Directors loan account : £40,986.17

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	4,082	4,183
Other creditors	2,852	17,178
Total	6,934	21,361


	As at the balance sheet date of 31 March 2025, other creditors comprise the following: Wages payable :£873.33 Accruals : £1,980

9.	Share capital
	Authorised Share Capital: The company has authorised ordinary shares as follows: Ordinary Shares: £100 (No changes from 1 April 2024 to 31 March 2025). Ordinary Share Capital B: £1 Ordinary Share Capital C: £1 Ordinary Share Capital D: £1 Total Ordinary Share Capital: As of 31 March 2025, the total ordinary share capital remains at £103, consistent with the previous year.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		67,958		112,381
Tangible assets	6		1,121		-
			69,079		112,381
Current assets
Debtors	7	46,015		5,691
Cash at bank and on hand		222,318		258,526
		268,333		264,217
Creditors amounts falling due within one year	8	(6,934)		(21,361)
Net current assets (liabilities)			261,399		242,856
Total assets less current liabilities			330,478		355,237
Net assets			330,478		355,237
Capital and reserves
Called up share capital			103		103
Profit and loss account			330,375		355,134
Shareholders' funds			330,478		355,237