Caseware UK (AP4) 2022.0.179 2022.0.179 false2022-04-01falseDental practice activities1814trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03561199 2022-04-01 2023-03-31 03561199 2023-03-31 03561199 2021-04-01 2022-03-31 03561199 2022-03-31 03561199 c:Director1 2022-04-01 2023-03-31 03561199 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 03561199 d:Buildings d:LongLeaseholdAssets 2023-03-31 03561199 d:Buildings d:LongLeaseholdAssets 2022-03-31 03561199 d:PlantMachinery 2022-04-01 2023-03-31 03561199 d:PlantMachinery 2023-03-31 03561199 d:PlantMachinery 2022-03-31 03561199 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03561199 d:MotorVehicles 2022-04-01 2023-03-31 03561199 d:MotorVehicles 2023-03-31 03561199 d:MotorVehicles 2022-03-31 03561199 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03561199 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03561199 d:CurrentFinancialInstruments 2023-03-31 03561199 d:CurrentFinancialInstruments 2022-03-31 03561199 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03561199 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03561199 d:ShareCapital 2023-03-31 03561199 d:ShareCapital 2022-03-31 03561199 d:RetainedEarningsAccumulatedLosses 2023-03-31 03561199 d:RetainedEarningsAccumulatedLosses 2022-03-31 03561199 c:FRS102 2022-04-01 2023-03-31 03561199 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03561199 c:FullAccounts 2022-04-01 2023-03-31 03561199 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 03561199













Smile Radiance Limited

Financial statements
Information for filing with the registrar

31 March 2023




 
Smile Radiance Limited


Balance sheet
At 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
277,320
339,694

  
277,320
339,694

Current assets
  

Stocks
  
9,050
8,240

Debtors: amounts falling due within one year
 5 
837,529
356,992

Bank and cash balances
  
753,798
704,083

  
1,600,377
1,069,315

Creditors: amounts falling due within one year
 6 
(255,940)
(182,983)

Net current assets
  
 
 
1,344,437
 
 
886,332

Total assets less current liabilities
  
1,621,757
1,226,026

Provisions for liabilities
  

Deferred tax
  
(34,572)
(44,167)

  
 
 
(34,572)
 
 
(44,167)

Net assets
  
1,587,185
1,181,859


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
1,586,985
1,181,659

  
1,587,185
1,181,859


1

 
Smile Radiance Limited

    
Balance sheet (continued)
At 31 March 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 October 2023.




Rachna Dattan
Director

Company registration number: 03561199
The notes on pages 3 to 5 form part of these financial statements.

2

 
Smile Radiance Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 112 Pinner Road, Northwood, Middlesex, HA6 1BS, England.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents the value of orthodontic work performed during the period.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
15%
reducing balance
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially
3

 
Smile Radiance Limited
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 14).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost


At 1 April 2022
155,403
359,250
81,501
596,154


Additions
-
8,853
-
8,853



At 31 March 2023

155,403
368,103
81,501
605,007



Depreciation


At 1 April 2022
51,618
204,842
-
256,460


Charge for the year on owned assets
15,568
39,359
16,300
71,227



At 31 March 2023

67,186
244,201
16,300
327,687



Net book value



At 31 March 2023
88,217
123,902
65,201
277,320



At 31 March 2022
103,785
154,408
81,501
339,694

4

 
Smile Radiance Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
689,845
250,846

Other debtors
141,846
104,755

Prepayments and accrued income
5,838
1,391

837,529
356,992



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Other loans
60,938
27,755

Corporation tax
123,684
102,021

Other creditors
68,678
49,511

Accruals and deferred income
2,640
3,696

255,940
182,983



7.


Related party transactions

During the year the company operated an intercompany account with R & R Smile Limited to record amounts due to and from the company. At 31 March 2023 the amount owed by Smile Radiance Limited was £349,846 (2022: £250,846). 
During the year the company operated an intercompany account with Radiance Investment Ltd to record amounts due to and from the company. At 31 March 2023 the amount owed by Smile Radiance Limited was £340,000 (2022: £nil).


8.


Controlling party

The parent company of Smile Radiance Limited, formerly Julian Konviser Limited, is R & R Smile Limited, a company incorporated in England and Wales. R & R Smile Limited held 95% of the issued share capital in the company at the balance sheet date.
The ultimate controlling parties are Dr R Dattani and Dr RJ Dattani by virtue of a controlling stake in R & R Smile Limited.

 
5