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Company Registration No. 12406643 (England and Wales)
SMILE EXCELLENCE (CENTRAL MIDLANDS) LTD Unaudited accounts for the year ended 31 January 2024
SMILE EXCELLENCE (CENTRAL MIDLANDS) LTD Unaudited accounts Contents
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SMILE EXCELLENCE (CENTRAL MIDLANDS) LTD Company Information for the year ended 31 January 2024
Director
Christoforos Mallis
Company Number
12406643 (England and Wales)
Registered Office
112-113 HIGH STREET LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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SMILE EXCELLENCE (CENTRAL MIDLANDS) LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,300 
5,375 
Current assets
Debtors
- 
10,549 
Cash at bank and in hand
74,787 
72,997 
74,787 
83,546 
Creditors: amounts falling due within one year
(15,956)
(15,294)
Net current assets
58,831 
68,252 
Total assets less current liabilities
63,131 
73,627 
Provisions for liabilities
Deferred tax
(6,535)
(6,807)
Net assets
56,596 
66,820 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
56,496 
66,720 
Shareholders' funds
56,596 
66,820 
For the year ending 31 January 2024 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 25 March 2024 and were signed on its behalf by
Christoforos Mallis Director Company Registration No. 12406643
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SMILE EXCELLENCE (CENTRAL MIDLANDS) LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
SMILE EXCELLENCE (CENTRAL MIDLANDS) LTD is a private company, limited by shares, registered in England and Wales, registration number 12406643. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
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 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
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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SMILE EXCELLENCE (CENTRAL MIDLANDS) LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
4,202 
4,394 
8,596 
At 31 January 2024
4,202 
4,394 
8,596 
Depreciation
At 1 February 2023
1,512 
1,709 
3,221 
Charge for the year
538 
537 
1,075 
At 31 January 2024
2,050 
2,246 
4,296 
Net book value
At 31 January 2024
2,152 
2,148 
4,300 
At 31 January 2023
2,690 
2,685 
5,375 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
10,549 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
696 
696 
Taxes and social security
14,785 
14,110 
Other creditors
376 
- 
Loans from directors
99 
488 
15,956 
15,294 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
6,535 
6,807 
2024 
2023 
£ 
£ 
Provision at start of year
6,807 
7,063 
Credited to the profit and loss account
(272)
(256)
Provision at end of year
6,535 
6,807 
Due to accelerated capital allowances a deferred taxation reserve has been created of some £6,535. This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
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SMILE EXCELLENCE (CENTRAL MIDLANDS) LTD Notes to the Accounts for the year ended 31 January 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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