Surrey Orthodontics (Godalming) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08157391

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		431,456		480,000

			431,456		480,000
CURRENT ASSETS
Stocks	6	162,000		120,000
Debtors	7	98,163		182,889
Cash at bank and in hand		1,020,285		754,367

		1,280,448		1,057,256
Creditors: Amounts Falling Due Within One Year	8	(1,125,615 )		(885,065 )

NET CURRENT ASSETS (LIABILITIES)			154,833		172,191

TOTAL ASSETS LESS CURRENT LIABILITIES			586,289		652,191

Creditors: Amounts Falling Due After More Than One Year	9		(434,648 )		(539,682 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(107,864 )		(105,000 )

NET ASSETS			43,777		7,509

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			43,776		7,508

SHAREHOLDERS' FUNDS			43,777		7,509

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Surrey Orthodontics (Godalming) Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr J Young

Director

1 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Surrey Orthodontics (Godalming) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08157391 . The registered office is 69 West Street, Farnham, Surrey, GU9 7EH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006

2.2. Turnover

Turnover represents net invoiced sales of services.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2012 and 2014, has been

amortised evenly over its estimated useful life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% on reducing balance from 1/4/24
Motor Vehicles	20% on reducing balance

No depreciation was provided on the equipment, fixtures and fittings in the y/e 31/3/23, mainly relating to the new surgery at Cranleigh, or the commercial vehicle, expended during the year.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

...CONTINUED

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Surrey Orthodontics (Godalming) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 34 (2025: 32)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	1,894,125

As at 31 March 2026	1,894,125

Amortisation
As at 1 April 2025	1,894,125

As at 31 March 2026	1,894,125

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

Goodwill of £300,000 relates to the purchase of a private orthodontic practice at 115 High Street, Godalming,

Surrey, on 26/7/12, from Dr J W Young, which commenced trading in 2008, valued by R A Leslie & Co LLP,

Chartered Accountants.

Goodwill of £402,125 relates to the purchase of a private orthodontic practice at 69 West Street, Farnham,

Surrey, on 30/5/14, from unconnected parties.

Goodwill of £267,000 relates to the purchase of an NHS practice at 69 West Street, Farnham, Surrey, on

1/10/14, from unconnected parties.

Goodwill of £1,000,000, amended to £925,000, as agreed with HMRC, relates to the purchase of a private/NHS

practice at 69 West Street, Farnham, Surrey, on 1/10/14, from Dr J W Young, which commenced trading in

2008, valued by R A Leslie & Co LLP, Chartered Accountants.

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Surrey Orthodontics (Godalming) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2025	772,843	41,069	813,912
Additions	2,340	-	2,340

As at 31 March 2026	775,183	41,069	816,252

Depreciation
As at 1 April 2025	319,343	14,569	333,912
Provided during the period	45,584	5,300	50,884

As at 31 March 2026	364,927	19,869	384,796

Net Book Value
As at 31 March 2026	410,256	21,200	431,456

As at 1 April 2025	453,500	26,500	480,000

6. Stocks

	2026	2025
	£	£
Stock and work-in-progress	162,000	120,000

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	74,685	72,163
Prepayments and accrued income	23,478	9,000
Director's loan account	-	101,726

	98,163	182,889

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Surrey Orthodontics (Godalming) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	52,000	55,000
Corporation tax	104,224	104,339
Other taxes and social security	22,515	17,495
Sundry creditors and accruals	897,995	658,231
Hire purchase liabilities	48,606	50,000
Director's loan account	275	-

	1,125,615	885,065

The sundry creditors and accruals include £353,553 (2024 £524,499) relating to amounts accrued to the associates, to complete treatment plans where the company has received the income in advance.

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	370,148	423,462
Hire purchase liabilities - more than one year	64,500	116,220

	434,648	539,682

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Dr Julian Young	101,726	-	102,001	-	(275 )

The above loan is unsecured, interest free and repayable on demand.

12. Related Party Transactions

The company is under the control of Dr J W Young. At the year end Dr Young was owed £275 by the company (2025: £101,726 owed to the company).

Rent was paid to Dr J W Young of £34,500 (2025: £34,500) relating to a property that he acquired at 69 West

Street, Farnham, Surrey, and the company occupies, charged at normal market rates.

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