Company registration number 11414608 (England and Wales)
BESPOKE SMILE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
BESPOKE SMILE LIMITED
COMPANY INFORMATION
Directors
Dr SG Jethwa
Miss S Samani
Company number
11414608
Registered office
Elthorne Gate
64 High Street
Pinner
Middlesex
HA5 5QA
Accountants
Aequitas Accountants Ltd
Elthorne Gate
64 High Street
Pinner
Middlesex
HA5 5QA
BESPOKE SMILE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BESPOKE SMILE LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
231,284
245,891
Tangible assets
4
68,705
82,993
299,989
328,884
Current assets
Debtors
5
50,464
28,473
Cash at bank and in hand
780,190
496,880
830,654
525,353
Creditors: amounts falling due within one year
6
(413,863)
(303,993)
Net current assets
416,791
221,360
Total assets less current liabilities
716,780
550,244
Creditors: amounts falling due after more than one year
7
(237,469)
(252,199)
Provisions for liabilities
(13,979)
(15,211)
Net assets
465,332
282,834
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
465,232
282,734
Total equity
465,332
282,834

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BESPOKE SMILE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 January 2024 and are signed on its behalf by:
Miss S Samani
Director
Company Registration No. 11414608
BESPOKE SMILE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Bespoke Smile Limited is a private company limited by shares incorporated in England and Wales. The registered office is Elthorne Gate, 64 High Street, Pinner, Middlesex, HA5 5QA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is twenty years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

BESPOKE SMILE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Short leasehold
Over the lease term
Plant and machinery
20% on reducing balance
Fixtures and fittings
25% on reducing balance

Tangible fixed asset under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

BESPOKE SMILE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 5 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

The company operates a defined contribution pension scheme. A defined contribution plan is pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Amount not paid are shown in accruals as liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

1.10
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
7
7
BESPOKE SMILE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
292,147
Amortisation and impairment
At 1 July 2022
46,256
Amortisation charged for the year
14,607
At 30 June 2023
60,863
Carrying amount
At 30 June 2023
231,284
At 30 June 2022
245,891
4
Tangible fixed assets
Short leasehold
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 July 2022
3,792
120,411
19,120
143,323
Additions
-
0
-
0
3,856
3,856
At 30 June 2023
3,792
120,411
22,976
147,179
Depreciation and impairment
At 1 July 2022
858
51,196
8,276
60,330
Depreciation charged in the year
271
13,843
4,030
18,144
At 30 June 2023
1,129
65,039
12,306
78,474
Carrying amount
At 30 June 2023
2,663
55,372
10,670
68,705
At 30 June 2022
2,934
69,215
10,844
82,993
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
50,464
28,473
BESPOKE SMILE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 7 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
16,530
16,530
Trade creditors
167,795
96,145
Taxation and social security
4,300
35,795
Other creditors
225,238
155,523
413,863
303,993
7
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
237,469
252,199

The above disclosed bank loan is secured by the following measures;

1. Debenture against Bespoke Smile Limited

2. Personal guarantees from the directors of the company

3. Legal charge over leasehold property situated at Flat 24, Carmine Court, 202 Imperial Drive, HA2 7HG

4. Assignment of a life policy in the names of directors of the company for £313,381 to coincide with the term of the loan.

Amounts included above which fall due after five years are as follows:
Payable by instalments
171,349
186,079
8
Financial commitments, guarantees and contingent liabilities

The company had total commitments of £216,066 under non-cancellable operating leases.

9
Related party transactions

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due from related parties
£
£
Bespoke Smile Academy Limited ("BSA")
5,362
-

Included in other debtors is the above amount owed by BSA at the year end. Dr SG Jethwa is a director and shareholder in BSA.

2023-06-302022-07-01false03 January 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityDr SG JethwaMiss S Samani114146082022-07-012023-06-3011414608bus:Director12022-07-012023-06-3011414608bus:Director22022-07-012023-06-3011414608bus:RegisteredOffice2022-07-012023-06-30114146082023-06-30114146082022-06-3011414608core:NetGoodwill2023-06-3011414608core:NetGoodwill2022-06-3011414608core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-06-3011414608core:PlantMachinery2023-06-3011414608core:FurnitureFittings2023-06-3011414608core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-06-3011414608core:PlantMachinery2022-06-3011414608core:FurnitureFittings2022-06-3011414608core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3011414608core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3011414608core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3011414608core:Non-currentFinancialInstrumentscore:AfterOneYear2022-06-3011414608core:CurrentFinancialInstruments2023-06-3011414608core:CurrentFinancialInstruments2022-06-3011414608core:ShareCapital2023-06-3011414608core:ShareCapital2022-06-3011414608core:RetainedEarningsAccumulatedLosses2023-06-3011414608core:RetainedEarningsAccumulatedLosses2022-06-3011414608core:Goodwill2022-07-012023-06-3011414608core:LandBuildingscore:LongLeaseholdAssets2022-07-012023-06-3011414608core:PlantMachinery2022-07-012023-06-3011414608core:FurnitureFittings2022-07-012023-06-30114146082021-07-012022-06-3011414608core:NetGoodwill2022-06-3011414608core:NetGoodwill2022-07-012023-06-3011414608core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-06-3011414608core:PlantMachinery2022-06-3011414608core:FurnitureFittings2022-06-30114146082022-06-3011414608core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-07-012023-06-3011414608core:WithinOneYear2023-06-3011414608core:WithinOneYear2022-06-3011414608core:Non-currentFinancialInstruments2023-06-3011414608core:Non-currentFinancialInstruments2022-06-3011414608bus:PrivateLimitedCompanyLtd2022-07-012023-06-3011414608bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3011414608bus:FRS1022022-07-012023-06-3011414608bus:AuditExemptWithAccountantsReport2022-07-012023-06-3011414608bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP