RICKMANSWORTH ORTHODONTIC PRACTICE LIMITED

Registered number

07154092

Filleted Accounts

31 March 2025

RICKMANSWORTH ORTHODONTIC PRACTICE LIMITED
Registered number:		07154092
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		360,636			432,763
Tangible assets	4		54,829			64,772
			415,465			497,535

Current assets
Stocks		15,000			20,442
Debtors	5	74,355			64,297
Cash at bank and in hand		2,123,650			1,920,575
		2,213,005			2,005,314

Creditors: amounts falling due within one year	6	(225,259)			(239,556)

Net current assets			1,987,746			1,765,758

Net assets			2,403,211			2,263,293

Capital and reserves
Called up share capital			100			100
Profit and loss account			2,403,111			2,263,193

Shareholders' funds			2,403,211			2,263,293

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr R P Kukadia
Director
Approved by the board on 8 July 2026

RICKMANSWORTH ORTHODONTIC PRACTICE LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Goodwill
	Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated life of twenty years.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures and fittings	18% on reducing balance
	Computer equipment	25% on reducing balance and 20% on cost

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		9		9


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2024				1,442,541
	At 31 March 2025				1,442,541

	Amortisation
	At 1 April 2024				1,009,778
	Provided during the year				72,127
	At 31 March 2025				1,081,905

	Net book value
	At 31 March 2025				360,636
	At 31 March 2024				432,763


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				212,943
	Additions				162
	At 31 March 2025				213,105

	Depreciation
	At 1 April 2024				148,171
	Charge for the year				10,105
	At 31 March 2025				158,276

	Net book value
	At 31 March 2025				54,829
	At 31 March 2024				64,772


5	Debtors		2025		2024
£				£

	Trade debtors		74,355		64,297


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		54,418		62,532
	Taxation and social security costs		170,841		175,621
	Other creditors		-		1,403
			225,259		239,556


7	Other information

	Certain matters relating to the acquisition of the company/business and associated completion adjustments with the previous owner remain under discussion and have not been fully finalised. The financial statements have been prepared based on the information currently available to the management. Where considered necessary, appropriate accruals and provisions have been included within the financial statements. The director does not expect the ultimate resolution of these matters to result in a material adjustment to the financial statements. However, should further information become available following finalisation of negotiations with the vendor, amendments may be required in future periods. Should any material adjustments arise subsequently, revised accounts and/or amended corporation tax returns may be submitted where appropriate.