Love Your Teeth Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10191997

Love Your Teeth Limited

Unaudited financial statements

31 March 2025

Love Your Teeth Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	111,060	147,940
Tangible assets	6	77,736	73,769
		---------	---------
		188,796	221,709

Current assets

Stocks		5,800	5,800
Debtors	7	10,301	9,993
Cash at bank and in hand		136,010	197,481
		---------	---------
		152,111	213,274

Creditors: Amounts falling due within one year	8	( 230,089)		( 177,208)
		---------		---------
Net current (liabilities)/assets			( 77,978)		36,066
			---------		---------
Total assets less current liabilities			110,818		257,775

Creditors: Amounts falling due after more than one year	9		( 23,309)		( 165,554)

Provisions

Taxation including deferred tax	( 19,434)	( 16,437)
	---------	---------
Net assets	68,075	75,784
	---------	---------

Capital and reserves

Called up share capital	300	300
Profit and loss account	67,775	75,484
	-------	-------
Shareholders funds	68,075	75,784
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Love Your Teeth Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 31 December 2025 , and are signed on behalf of the board by:

Dr J P Doshi	Dr K S Flint
Director	Director

Mr R J Flint	Dr W Y V Ngan
Director	Director

Company registration number: 10191997

Love Your Teeth Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Yare House, 62-64 Thorpe Road, Norwich NR1 1RY. The company's place of business is 1 Siskin Close, Bradwell, Great Yarmouth, Norfolk NR31 8JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Amortisation of goodwill is estimated over 10 years. The carrying value at the year end was £111,060 (2024: £147,940).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Over ten years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	10% straight line
Plant and machinery	-	10% reducing balance
Fixtures and fittings	-	25% reducing balance
Equipment	-	25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 13 (2024: 13 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	368,800
	---------
Amortisation
At 1 April 2024	220,860
Charge for the year	36,880
	---------
At 31 March 2025	257,740
	---------
Carrying amount
At 31 March 2025	111,060
	---------
At 31 March 2024	147,940
	---------

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	27,852	30,000	77,185	8,734	143,771
Additions	–	–	23,819	1,338	25,157
	-------	-------	---------	-------	---------
At 31 March 2025	27,852	30,000	101,004	10,072	168,928
	-------	-------	---------	-------	---------
Depreciation
At 1 April 2024	7,856	17,403	38,255	6,488	70,002
Charge for the year	2,785	1,260	15,687	1,458	21,190
	-------	-------	---------	-------	---------
At 31 March 2025	10,641	18,663	53,942	7,946	91,192
	-------	-------	---------	-------	---------
Carrying amount
At 31 March 2025	17,211	11,337	47,062	2,126	77,736
	-------	-------	---------	-------	---------
At 31 March 2024	19,996	12,597	38,930	2,246	73,769
	-------	-------	---------	-------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	6,425	6,406
Other debtors	3,876	3,587
	-------	------
	10,301	9,993
	-------	------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	85,000	27,648
Trade creditors	5,330	–
Social security and other taxes	84,894	104,738
Other creditors - Shawbrook funds	1,040	–
Other creditors	53,825	44,822
	---------	---------
	230,089	177,208
	---------	---------

The loan is secured on the assets of the company.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	23,309	165,554
	-------	---------

The loan is secured on the assets of the company.

10. Related party transactions

The company operates from a building which is leased from the directors. The profit and loss account shows a rent charge of £33,000 (2024: £33,000) in respect of this property. The company then sublets the flat to an unrelated party. The profit and loss account shows rental income of £8,255 (2024: £7,580) for the year.