Company Registration No. 10442806 (England and Wales)
SMILE PROPERTY SOLUTIONS LTD
Unaudited accounts
for the year ended 23 April 2022
SMILE PROPERTY SOLUTIONS LTD
Unaudited accounts
Contents
SMILE PROPERTY SOLUTIONS LTD
Company Information
for the year ended 23 April 2022
Directors
Thomas Michael Hegarty
Richard Anthony Latouche
Company Number
10442806 (England and Wales)
Registered Office
3 HAYCLOSE MEAD
BRADFORD
BD6 2PU
UNITED KINGDOM
Accountants
MJ Support & Co Certified Accountants & Business Consultants
Suite 401 Coventry Chambers
1-3 Coventry Road
IG1 4QR
SMILE PROPERTY SOLUTIONS LTD
Statement of financial position
as at 23 April 2022
Tangible assets
2,629
2,757
Cash at bank and in hand
25,741
35,944
Creditors: amounts falling due within one year
(490)
92
Net current assets
35,264
39,872
Total assets less current liabilities
37,893
42,629
Creditors: amounts falling due after more than one year
(44,333)
(50,000)
Net liabilities
(6,440)
(7,371)
Called up share capital
4
4
Profit and loss account
(6,444)
(7,375)
Shareholders' funds
(6,440)
(7,371)
For the year ending 23 April 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by
Thomas Michael Hegarty
Director
Company Registration No. 10442806
SMILE PROPERTY SOLUTIONS LTD
Notes to the Accounts
for the year ended 23 April 2022
SMILE PROPERTY SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10442806. The registered office is 3 HAYCLOSE MEAD, BRADFORD, BD6 2PU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Declining Balance Method
Computer equipment
25% Declining Balance Method
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 24 April 2021
5,395
-
5,395
At 23 April 2022
5,574
489
6,063
At 24 April 2021
2,638
-
2,638
Charge for the year
733
63
796
At 23 April 2022
3,371
63
3,434
At 23 April 2022
2,203
426
2,629
At 23 April 2021
2,757
-
2,757
5
Debtors: amounts falling due within one year
2022
2021
Other debtors
10,013
3,836
SMILE PROPERTY SOLUTIONS LTD
Notes to the Accounts
for the year ended 23 April 2022
6
Creditors: amounts falling due within one year
2022
2021
Loans from directors
-
(582)
7
Creditors: amounts falling due after more than one year
2022
2021
Creditors includes the Bounce Back Loan for the amount of £44,333.00 GBP which is unsecured, and repayable together with the interest payments in 9 years.
Debtors includes the amount of £6,538.20 GBP paid to the Mr. Richard Anthony Latouche and £3,474.53 GBP paid to Mr. Thomas Michael Hegarty directors of company. Loan is unsecured, bearing no interest and repayable on demand.
To the extent that any part of the loan remains outstanding by 23 January 2023, the company would be required to pay 32.5% corporation tax, subsequently recoverable on the repayment of loan.
9
Average number of employees
During the year the average number of employees was 0 (2021: 1).