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REGISTERED NUMBER: 12102028 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

CD Smile Studios Limited

CD Smile Studios Limited (Registered number: 12102028)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CD Smile Studios Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr M Soltan





REGISTERED OFFICE: C/O City, Chartered Accountants
Suite 540, 5th Floor, Linen Hall
162-168 Regent Street
London
W1B 5TF





REGISTERED NUMBER: 12102028 (England and Wales)





ACCOUNTANTS: City, Chartered Accountants
Suite 540, 5th Floor,
Linen Hall
162- 168 Regent Street
London
W1B 5TF

CD Smile Studios Limited (Registered number: 12102028)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 642,605 681,355

CURRENT ASSETS
Stocks 5 3,000 51,000
Debtors 6 42,714 49,793
Cash at bank 19,184 28,589
64,898 129,382
CREDITORS
Amounts falling due within one year 7 (750,605 ) (471,841 )
NET CURRENT LIABILITIES (685,707 ) (342,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,102

)

338,896

CREDITORS
Amounts falling due after more than one
year

8

-

(318,926

)
NET (LIABILITIES)/ASSETS (43,102 ) 19,970

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (43,202 ) 19,870
SHAREHOLDERS' FUNDS (43,102 ) 19,970

CD Smile Studios Limited (Registered number: 12102028)

Balance Sheet - continued
31 March 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2023 and were signed by:





Dr M Soltan - Director


CD Smile Studios Limited (Registered number: 12102028)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

CD Smile Studios Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

CD Smile Studios Limited (Registered number: 12102028)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 775,000
AMORTISATION
At 1 April 2022 93,645
Charge for year 38,750
At 31 March 2023 132,395
NET BOOK VALUE
At 31 March 2023 642,605
At 31 March 2022 681,355

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 3,000 21,000
Work-in-progress - 30,000
3,000 51,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 42,714 49,793

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 317,360 30,117
Taxation and social security 1,074 11,542
Other creditors 432,171 430,182
750,605 471,841

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 318,926

CD Smile Studios Limited (Registered number: 12102028)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 198,457

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

At the year end the Company owed the Director £362,910 (2022: £387,273).