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REGISTERED NUMBER: 08204483















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Lets Smile Limited

Lets Smile Limited (Registered number: 08204483)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Lets Smile Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mrs J M Whelan





SECRETARY: Mrs J M Whelan





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 08204483





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Lets Smile Limited (Registered number: 08204483)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 118,078 147,620
Tangible assets 5 381,964 325,188
500,042 472,808

CURRENT ASSETS
Debtors 6 287,761 360,781
Cash at bank 94,441 101,645
382,202 462,426
CREDITORS
Amounts falling due within one year 7 146,001 189,787
NET CURRENT ASSETS 236,201 272,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,243

745,447

CREDITORS
Amounts falling due after more than one
year

8

(278,134

)

(295,804

)

PROVISIONS FOR LIABILITIES (32,991 ) (19 )
NET ASSETS 425,118 449,624

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 50,000 50,000
Retained earnings 375,116 399,622
SHAREHOLDERS' FUNDS 425,118 449,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lets Smile Limited (Registered number: 08204483)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 July 2024 and were signed by:





Mrs J M Whelan - Director


Lets Smile Limited (Registered number: 08204483)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Lets Smile Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

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 of £442,906 was purchased from an unrelated third party on completion of sale on 3 March 2013. Goodwill is being amortised over fifteen years on a straight line basis..

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.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance

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 9 (2022 - 12 ) .

Lets Smile Limited (Registered number: 08204483)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 442,906
AMORTISATION
At 1 October 2022 295,286
Charge for year 29,542
At 30 September 2023 324,828
NET BOOK VALUE
At 30 September 2023 118,078
At 30 September 2022 147,620

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 250,000 270,173 520,173
Additions - 89,767 89,767
At 30 September 2023 250,000 359,940 609,940
DEPRECIATION
At 1 October 2022 - 194,985 194,985
Charge for year - 32,991 32,991
At 30 September 2023 - 227,976 227,976
NET BOOK VALUE
At 30 September 2023 250,000 131,964 381,964
At 30 September 2022 250,000 75,188 325,188

Included in cost or valuation of land and buildings is freehold land of £ 250,000 (2022 - £ 250,000 ) which is not depreciated.

Lets Smile Limited (Registered number: 08204483)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2016 200,000 184,953 384,953
Valuation in 2017 50,000 2,496 52,496
Valuation in 2018 - 8,988 8,988
Valuation in 2019 - 2,200 2,200
Valuation in 2020 - 2,294 2,294
Valuation in 2021 - 41,814 41,814
Valuation in 2022 - 27,428 27,428
Valuation in 2023 - 89,767 89,767
250,000 359,940 609,940

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors - 24,329
Other debtors 287,761 336,452
287,761 360,781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 56,024 56,024
Hire purchase contracts 17,880 -
Trade creditors 52,415 37,379
Taxation and social security 16,759 93,665
Other creditors 2,923 2,719
146,001 189,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 248,334 295,804
Hire purchase contracts 29,800 -
278,134 295,804

Lets Smile Limited (Registered number: 08204483)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
Mrs J M Whelan
Balance outstanding at start of year 274,748 253,335
Amounts advanced 7,709 51,623
Amounts repaid (51,624 ) (30,210 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 230,833 274,748

Both loans were unsecured and interest charged at 2.50% per annum.