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REGISTERED NUMBER: 08608870 (England and Wales)













Unaudited Financial Statements

for the Period 1 August 2023 to 31 December 2023

for

Midlands Smile Aesthetic Centres Ltd

Midlands Smile Aesthetic Centres Ltd (Registered number: 08608870)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Midlands Smile Aesthetic Centres Ltd

Company Information
for the Period 1 August 2023 to 31 December 2023







DIRECTOR: M Nicholls





REGISTERED OFFICE: Brook House
Moss Grove
Kingswinford
DY6 9HS





REGISTERED NUMBER: 08608870 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Midlands Smile Aesthetic Centres Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Midlands Smile Aesthetic Centres Ltd for the period ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Midlands Smile Aesthetic Centres Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Midlands Smile Aesthetic Centres Ltd and state those matters that we have agreed to state to the director of Midlands Smile Aesthetic Centres Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midlands Smile Aesthetic Centres Ltd and its director for our work or for this report.

It is your duty to ensure that Midlands Smile Aesthetic Centres Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Midlands Smile Aesthetic Centres Ltd. You consider that Midlands Smile Aesthetic Centres Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Midlands Smile Aesthetic Centres Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


19 February 2024

Midlands Smile Aesthetic Centres Ltd (Registered number: 08608870)

Balance Sheet
31 December 2023

2023 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 2,965

CURRENT ASSETS
Stocks - 1,100
Debtors 5 100 5,250
Cash at bank - 71,963
100 78,313
CREDITORS
Amounts falling due within one year 6 - (45,012 )
NET CURRENT ASSETS 100 33,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

36,266

CREDITORS
Amounts falling due after more than
one year

7

-

(12,833

)

PROVISIONS FOR LIABILITIES - (563 )
NET ASSETS 100 22,870

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - 22,770
100 22,870

Midlands Smile Aesthetic Centres Ltd (Registered number: 08608870)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2024 and were signed by:





M Nicholls - Director


Midlands Smile Aesthetic Centres Ltd (Registered number: 08608870)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 December 2023

1. STATUTORY INFORMATION

Midlands Smile Aesthetic Centres 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance and straight line over 3 years

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

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.

Midlands Smile Aesthetic Centres Ltd (Registered number: 08608870)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023 6,486
Disposals (6,486 )
At 31 December 2023 -
DEPRECIATION
At 1 August 2023 3,521
Charge for period 309
Eliminated on disposal (3,830 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 July 2023 2,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors - 3,549
Other debtors 100 1,701
100 5,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts - 7,000
Trade creditors - 1,128
Taxation and social security - 10,750
Other creditors - 26,134
- 45,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2023
£    £   
Bank loans - 12,833