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REGISTERED NUMBER: 05823894 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Smile Line (UK) Limited

Smile Line (UK) Limited (Registered number: 05823894)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smile Line (UK) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr A Emami
Dr R Ardalan





SECRETARY: Dr A Emami





REGISTERED OFFICE: Lodge Causeway Dental Centre
Lodge Causeway
Fishponds
Bristol
BS16 3PL





REGISTERED NUMBER: 05823894 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Smile Line (UK) Limited (Registered number: 05823894)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,085,630 1,119,756
1,085,630 1,119,756

CURRENT ASSETS
Stocks 33,000 27,500
Debtors 6 133,054 131,181
Cash at bank and in hand 648,535 1,260,088
814,589 1,418,769
CREDITORS
Amounts falling due within one year 7 418,813 683,030
NET CURRENT ASSETS 395,776 735,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,481,406

1,855,495

CREDITORS
Amounts falling due after more than one year 8 - (456,613 )

PROVISIONS FOR LIABILITIES (74,050 ) (76,388 )
NET ASSETS 1,407,356 1,322,494

CAPITAL AND RESERVES
Called up share capital 9 3,000 3,000
Retained earnings 10 1,404,356 1,319,494
SHAREHOLDERS' FUNDS 1,407,356 1,322,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Smile Line (UK) Limited (Registered number: 05823894)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:




Dr A Emami - Director



Dr R Ardalan - Director


Smile Line (UK) Limited (Registered number: 05823894)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Smile Line (UK) 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 0, is being amortised evenly over its estimated useful life of nil 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.

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 - 20% on straight line basis
Computer equipment - 33.33% on straight line basis

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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 22 ) .

Smile Line (UK) Limited (Registered number: 05823894)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 980,000
AMORTISATION
At 1 April 2023
and 31 March 2024 980,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and Computer
property leasehold fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,112,867 74,794 253,935 43,124 1,484,720
Additions - - 3,454 9,561 13,015
At 31 March 2024 1,112,867 74,794 257,389 52,685 1,497,735
DEPRECIATION
At 1 April 2023 93,633 74,794 157,379 39,158 364,964
Charge for year 16,229 - 26,237 4,675 47,141
At 31 March 2024 109,862 74,794 183,616 43,833 412,105
NET BOOK VALUE
At 31 March 2024 1,003,005 - 73,773 8,852 1,085,630
At 31 March 2023 1,019,234 - 96,556 3,966 1,119,756

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 119,998 118,285
Loan to partnership 11,200 11,200
Prepayments 1,856 1,696
133,054 131,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 109,130
Trade creditors 33,686 43,497
Tax 227,254 104,000
Social security and other taxes 22,713 13,729
Clawback - 301,434
Other creditors 38,460 38,792
Pension 5,228 2,923
Associate creditor 55,787 51,260
Credit card 25,665 8,958
Directors' loan accounts 755 673
Accrued expenses 9,265 8,634
418,813 683,030

Smile Line (UK) Limited (Registered number: 05823894)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years - 316,571
Bank loans (over 5 yrs) - 140,042
- 456,613

Amounts falling due in more than five years:

Repayable by instalments
Bank loans (over 5 yrs) - 140,042

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary A £1 1,000 1,000
1,000 Ordinary B £1 1,000 1,000
1,000 Ordinary C £1 1,000 1,000
3,000 3,000

10. RESERVES
Retained
earnings
£   

At 1 April 2023 1,319,494
Profit for the year 651,362
Dividends (566,500 )
At 31 March 2024 1,404,356