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REGISTERED NUMBER: 11890307 (England and Wales)












SMILESHINES (BECKENHAM) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMILESHINES (BECKENHAM) LTD

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTOR: Dr A M Prashad





SECRETARY:





REGISTERED OFFICE: 67 The Avenue
AYLESFORD
Kent
ME20 7LQ





REGISTERED NUMBER: 11890307 (England and Wales)





ACCOUNTANTS: HPCA Limited
Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER

SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 660,677 687,457
Tangible assets 5 79,855 81,310
740,532 768,767

CURRENT ASSETS
Stocks 2,500 2,100
Debtors 6 26,551 39,507
Cash at bank 125,831 163,703
154,882 205,310
CREDITORS
Amounts falling due within one year 7 (989,064 ) (1,096,117 )
NET CURRENT LIABILITIES (834,182 ) (890,807 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(93,650

)

(122,040

)

PROVISIONS FOR LIABILITIES (12,527 ) (12,223 )
NET LIABILITIES (106,177 ) (134,263 )

SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

BALANCE SHEET - continued
31 March 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (106,277 ) (134,363 )
(106,177 ) (134,263 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 and authorised for issue on 16 October 2023 and were signed by:





Dr A M Prashad - Director


SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Smileshines (Beckenham) Ltd 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.

The financial statements have been prepared on the going concern basis despite the company having an excess of liabilities over assets at the balance sheet date. The principal liability of the company is an intercompany loan account with its parent. Although technically repayable on demand the company does not anticipate that repayment will be required so as to undermine the company's ability to continue as a going concern.

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

Turnover represents amounts receivable in the period for dental services and counter sales. The company is not registered for VAT.

Goodwill
Goodwill at cost reflects the amount paid in connection with the acquisition of a business in 2019. The difference between the acquisition cost and expected residual value is being amortised over the expected useful economic life of 10 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, 20% on cost and 2% on cost

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


SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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 12 (2022 - 7 ) .

SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 982,081
AMORTISATION
At 1 April 2022 294,624
Amortisation for year 26,780
At 31 March 2023 321,404
NET BOOK VALUE
At 31 March 2023 660,677
At 31 March 2022 687,457

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Dental and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 3,664 127,771 860 6,867 139,162
Additions - 18,986 - 438 19,424
At 31 March 2023 3,664 146,757 860 7,305 158,586
DEPRECIATION
At 1 April 2022 49 54,419 250 3,134 57,852
Charge for year 73 19,281 152 1,373 20,879
At 31 March 2023 122 73,700 402 4,507 78,731
NET BOOK VALUE
At 31 March 2023 3,542 73,057 458 2,798 79,855
At 31 March 2022 3,615 73,352 610 3,733 81,310

SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,912 24,781
Other debtors 14,639 14,726
26,551 39,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,933 20,438
Amounts owed to group undertakings 910,773 1,026,286
Taxation and social security 7,310 11,615
Other creditors 51,048 37,778
989,064 1,096,117