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REGISTERED NUMBER: 08318517 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Euro Smile Limited

Euro Smile Limited (Registered number: 08318517)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Euro Smile Limited (Registered number: 08318517)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 49 70
49 70

Current assets
Stocks 1,449 2,343
Debtors 6 26,156 27,671
Cash at bank and in hand 55,217 52,316
82,822 82,330
Creditors: amounts falling due within
one year

7

114,642

159,231
Net current liabilities (31,820 ) (76,901 )
Total assets less current liabilities (31,771 ) (76,831 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings (31,871 ) (76,931 )
Shareholders' funds (31,771 ) (76,831 )

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

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

The directors acknowledge their 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.

Euro Smile Limited (Registered number: 08318517)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





H Soliman - Director


Euro Smile Limited (Registered number: 08318517)

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

1. Statutory information

Euro Smile Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08318517

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 net of trade discounts.The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been fully amortised.

Euro Smile Limited (Registered number: 08318517)

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

2. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% straight line

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Stock is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year 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.

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 4 (2022 - 4 ) .

Euro Smile Limited (Registered number: 08318517)

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 305,000
Amortisation
At 1 January 2023
and 31 December 2023 305,000
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Tangible assets
Fixtures
and
fittings
£   
Cost
At 1 January 2023
and 31 December 2023 11,506
Depreciation
At 1 January 2023 11,436
Charge for year 21
At 31 December 2023 11,457
Net book value
At 31 December 2023 49
At 31 December 2022 70

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 14,579 6,705
Other debtors 11,577 20,966
26,156 27,671

Euro Smile Limited (Registered number: 08318517)

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

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 636
Taxation and social security 680 5
Other creditors 113,962 158,590
114,642 159,231

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. Off-balance sheet arrangements

At the year end, the company had operating lease commitments of £6,133 (2022: £15,333).

10. Related party disclosures

At the year end, the company owed the directors £110,763 (2022 : £151,063).