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Company Registration No. 12329900 (England and Wales)
Smile Lab Solutions Limited Unaudited accounts for the year ended 30 September 2023
Smile Lab Solutions Limited Unaudited accounts Contents
Page
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Smile Lab Solutions Limited Company Information for the year ended 30 September 2023
Director
Simon Nixon
Company Number
12329900 (England and Wales)
Registered Office
Unity House Westwood Park Drive WIGAN GREATER MANCHESTER WN3 4HE UNITED KINGDOM
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Smile Lab Solutions Limited Accountants' report
Accountants' report to the director of Smile Lab Solutions Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 September 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 September 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
18 October 2023
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Smile Lab Solutions Limited Statement of financial position as at 30 September 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
101,148 
Tangible assets
960 
Investments
16,000 
118,108 
Current assets
Inventories
24,065 
Debtors
593,678 
Cash at bank and in hand
24,136 
641,879 
Creditors: amounts falling due within one year
(1,195,755)
Net current liabilities
(553,876)
Total assets less current liabilities
(435,768)
Creditors: amounts falling due after more than one year
(690,750)
Provisions for liabilities
Other provisions
(18,098)
Net liabilities
(1,144,616)
Capital and reserves
Called up share capital
100 
Profit and loss account
(1,144,716)
Shareholders' funds
(1,144,616)
For the year ending 30 September 2023 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 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 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 and authorised for issue on 19 October 2023 and were signed on its behalf by
Simon Nixon Director Company Registration No. 12329900
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Smile Lab Solutions Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Smile Lab Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12329900. The registered office is Unity House, Westwood Park Drive, WIGAN, GREATER MANCHESTER, WN3 4HE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
33% Straight Line
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation will be calculated over the the following useful life: 10 Years
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Smile Lab Solutions Limited Notes to the Accounts for the year ended 30 September 2023
Investments
Investments in shares are included at fair value.
Going concern
Covid-19 has had an undoubted impact across UK business, however, the company has been able to continue to trade. Prior to signing the accounts the cash position and nature of the business lead the directors to believe the company has adequate resources to meet liabilities as they fall due. As the year has progressed, business has continued to improve and the directors have an expectation that the operational existence of the company is not in doubt for the foreseeable future. Therefore a going concern basis of accounting has been adopted in preparing the financial statements.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2022
150,000 
At 30 September 2023
150,000 
Amortisation
At 1 October 2022
37,613 
Charge for the year
11,239 
At 30 September 2023
48,852 
Net book value
At 30 September 2023
101,148 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
24,503 
13,535 
38,038 
Additions
332 
- 
332 
At 30 September 2023
24,835 
13,535 
38,370 
Depreciation
At 1 October 2022
18,302 
10,565 
28,867 
Charge for the year
5,573 
2,970 
8,543 
At 30 September 2023
23,875 
13,535 
37,410 
Net book value
At 30 September 2023
960 
- 
960 
6
Investments
Other investments 
£ 
Valuation at 1 October 2022
16,000 
Valuation at 30 September 2023
16,000 
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Smile Lab Solutions Limited Notes to the Accounts for the year ended 30 September 2023
7
Debtors
2023 
£ 
Amounts falling due within one year
VAT
6,903 
Trade debtors
2,003 
Accrued income and prepayments
(9,753)
Other debtors
107,811 
106,964 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
486,034 
Other debtors
680 
486,714 
8
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
772,416 
Taxes and social security
299,361 
Other creditors
90,673 
Loans from directors
(1,312)
Accruals
10,873 
Deferred income
23,744 
1,195,755 
9
Creditors: amounts falling due after more than one year
2023 
£ 
Amounts owed to group undertakings and other participating interests
590,646 
Other creditors
100,104 
690,750 
10
Average number of employees
During the year the average number of employees was 22.
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