1A Orthodontics Limited - Accounts to registrar (filleted) - small 18.2

1A Orthodontics Limited - Accounts to registrar (filleted) - small 18.2

1A ORTHODONTICS LIMITED - Company Information

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REGISTERED NUMBER: 07225640 (England and Wales)











Unaudited Financial Statements for the Year Ended 30 April 2019

for

1A Orthodontics Limited
1A Orthodontics Limited (Registered number: 07225640)






Contents of the Financial Statements
for the Year Ended 30 April 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


1A Orthodontics Limited

Company Information
for the Year Ended 30 April 2019







DIRECTOR: Dr Katereh Borhan





REGISTERED OFFICE: 1A Freshford Street
London
SW18 3TG





REGISTERED NUMBER: 07225640 (England and Wales)
Page 1
1A Orthodontics Limited (Registered number: 07225640)

Balance Sheet
30 April 2019

30.4.19 30.4.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 455,000 520,000
Tangible assets 5 22,138 4,871
477,138 524,871

CURRENT ASSETS
Stocks 1,100 1,100
Debtors 6 24,366 23,788
Cash at bank 807,147 678,150
832,613 703,038
CREDITORS
Amounts falling due within one year 7 486,262 511,875
NET CURRENT ASSETS 346,351 191,163
TOTAL ASSETS LESS CURRENT
LIABILITIES
823,489
716,034

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 823,389 715,934
SHAREHOLDERS' FUNDS 823,489 716,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 January 2020 and were signed by:




Dr Katereh Borhan - Director


The notes form part of these financial statements

Page 2
1A Orthodontics Limited (Registered number: 07225640)

Notes to the Financial Statements
for the Year Ended 30 April 2019

1. STATUTORY INFORMATION

1A Orthodontics Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Page 3 continued...
1A Orthodontics Limited (Registered number: 07225640)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2019

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 4 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2018
and 30 April 2019 650,000
AMORTISATION
At 1 May 2018 130,000
Charge for year 65,000
At 30 April 2019 195,000
NET BOOK VALUE
At 30 April 2019 455,000
At 30 April 2018 520,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2018 15,064
Additions 24,647
At 30 April 2019 39,711
DEPRECIATION
At 1 May 2018 10,193
Charge for year 7,380
At 30 April 2019 17,573
NET BOOK VALUE
At 30 April 2019 22,138
At 30 April 2018 4,871

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.19 30.4.18
£    £   
Trade debtors 24,366 23,788

Page 4 continued...
1A Orthodontics Limited (Registered number: 07225640)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.19 30.4.18
£    £   
Trade creditors 28,681 10,739
Taxation and social security 96,167 115,051
Other creditors 361,414 386,085
486,262 511,875

8. RESERVES
Retained
earnings
£   

At 1 May 2018 715,934
Profit for the year 137,455
Dividends (30,000 )
At 30 April 2019 823,389

9. ULTIMATE CONTROLLING PARTY

The controlling party is Dr Katereh Borhan.

Page 5