SMILE ARTS STUDIO PVT LTD

Company Registration Number:
07560726 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

SMILE ARTS STUDIO PVT LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

SMILE ARTS STUDIO PVT LTD

Company Information

for the Period Ended 31 March 2023




Director: Dr Nitin Jain
Dr Aarti Jain
Registered office: 7
Augustus Close
Stanmore
England
HA7 4PT
Company Registration Number: 07560726 (England and Wales)

SMILE ARTS STUDIO PVT LTD

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 11,820 39,400
Tangible assets: 5 1,278,287 1,330,531
Total fixed assets: 1,290,107 1,369,931
Current assets
Stocks: 3,500
Debtors: 6 17,008 67,576
Cash at bank and in hand: 139,783 181,124
Total current assets: 156,791 252,200
Prepayments and accrued income: 1,264
Creditors: amounts falling due within one year: 7 ( 567,606 ) ( 557,359 )
Net current assets (liabilities): ( 409,551 ) ( 305,159 )
Total assets less current liabilities: 880,556 1,064,772
Creditors: amounts falling due after more than one year: 8 ( 644,225 ) ( 709,826 )
Provision for liabilities: ( 19,610 )
Total net assets (liabilities): 236,331 335,336

The notes form part of these financial statements

SMILE ARTS STUDIO PVT LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 236,231 335,236
Shareholders funds: 236,331 335,336

For the year ending 31 March 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 26 December 2023
And Signed On Behalf Of The Board By:

Name: Dr Aarti Jain
Status: Director

The notes form part of these financial statements

SMILE ARTS STUDIO PVT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SMILE ARTS STUDIO PVT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 13 12

SMILE ARTS STUDIO PVT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

SMILE ARTS STUDIO PVT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Intangible assets

Goodwill Total
Cost £ £
At 01 April 2022 275,800 275,800
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2023 275,800 275,800
Amortisation
Amortisation at 01 April 2022 236,400 236,400
Charge for year 27,580 27,580
On disposals - -
Other adjustments - -
Amortisation at 31 March 2023 263,980 263,980
Net book value
Net book value at 31 March 2023 11,820 11,820
Net book value at 31 March 2022 39,400 39,400

SMILE ARTS STUDIO PVT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 01 April 2022 757,592 250,395 8,607 - 474,642 1,491,236
Additions - 1,028 - - - 1,028
Disposals - - - - - -
Revaluations - - - - - -
Transfers - - - - - -
At 31 March 2023 757,592 251,423 8,607 - 474,642 1,492,264
Depreciation
At 01 April 2022 21,918 136,290 2,497 - - 160,705
Charge for year 18,696 32,470 2,106 - - 53,272
On disposals - - - - - -
Other adjustments - - - - - -
At 31 March 2023 40,614 168,760 4,603 - - 213,977
Net book value
At 31 March 2023 716,978 82,663 4,004 - 474,642 1,278,287
At 31 March 2022 735,674 114,105 6,110 - 474,642 1,330,531

Motor vehicles represents purchase of shares in subsidiary. No depreciation applies.

SMILE ARTS STUDIO PVT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Debtors


2023
£

2022
£
Trade debtors 50,270
Prepayments and accrued income 1,071 2,553
Other debtors 15,937 14,753
Total 17,008 67,576

SMILE ARTS STUDIO PVT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 50,615 27,821
Amounts due under finance leases and hire purchase contracts 22,207 20,412
Trade creditors 32,091 104,588
Taxation and social security 813 39,174
Accruals and deferred income 3,504 8,573
Other creditors 458,376 356,791
Total 567,606 557,359

SMILE ARTS STUDIO PVT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 596,223 644,334
Amounts due under finance leases and hire purchase contracts 48,002 65,492
Total 644,225 709,826