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Registered number: 08938306
WATFORD ORTHODONTIC PRACTICE LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Raei Alvin & Co Ltd
Chartered Certified Accountants
7 The Broadway
Preston Road
Wembley
HA9 8JT
WATFORD ORTHODONTIC PRACTICE LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Dr Sneha Thakrar
REGISTERED OFFICE
7 The Broadway
Preston Road
Wembley
HA9 8JT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08938306
ACCOUNTANTS
Raei Alvin & Co Ltd
Chartered Certified Accountants
7 The Broadway
Preston Road
Wembley
HA9 8JT
WATFORD ORTHODONTIC PRACTICE LIMITED
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
WATFORD ORTHODONTIC PRACTICE LIMITED
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Intangible assets3-69,980
Tangible assets4662,159659,079
662,159729,059
CURRENT ASSETS
Stock125125
Debtors648,30045,663
Cash at bank and in hand1,426,9731,223,687
1,475,3981,269,475
CREDITORS: Amounts falling due within one year7512,109478,931
NET CURRENT ASSETS963,289790,544
TOTAL ASSETS LESS CURRENT LIABILITIES1,625,4481,519,603
CREDITORS: Amounts falling due after more than one year8462,486532,368
NET ASSETS1,162,962987,235
CAPITAL AND RESERVES
Called up share capital9100,000100,000
Profit and loss account1,062,962887,235
SHAREHOLDERS' FUNDS1,162,962987,235
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 29/12/2025 and signed on their behalf by
.............................
Dr Sneha Thakrar
Director
WATFORD ORTHODONTIC PRACTICE 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 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are staed at cost
1d. 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.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20252024
No.No.
Average number of employees89
WATFORD ORTHODONTIC PRACTICE LIMITED
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2024699,802699,802
At 31/03/2025699,802699,802
Depreciation
At 01/04/2024629,822629,822
For the year69,98069,980
At 31/03/2025699,802699,802
Net Book Amounts
At 31/03/2025--
At 31/03/202469,98069,980
4. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsTotal
£££
Cost
At 01/04/2024675,853247,320923,173
Additions-5,0805,080
At 31/03/2025675,853252,400928,253
Depreciation
At 01/04/202470,335193,759264,094
For the year-2,0002,000
At 31/03/202570,335195,759266,094
Net Book Amounts
At 31/03/2025605,51856,641662,159
At 31/03/2024605,51853,561659,079
5. STOCK 20252024
££
Stock comprises:
Stock125125
125125
WATFORD ORTHODONTIC PRACTICE LIMITED
6. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors48,30045,663
48,30045,663
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK Corporation Tax68,46745,817
Directors current account426,068390,824
Trade creditors8,90638,690
Accruals8,6683,600
512,109478,931
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (unsecured) >1yr462,486532,368
462,486532,368
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
99980 Ordinary shares of £1 each9998099980
10 Class A shares of £1 each1010
10 Class B shares of £1 each1010
100,000100,000