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REGISTERED NUMBER: 13835276 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SMILETASTIC CARE LIMITED

SMILETASTIC CARE LIMITED (REGISTERED NUMBER: 13835276)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SMILETASTIC CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mrs S Nagar



REGISTERED OFFICE: c/o Michael Heaven & Associates Limited
47 Calthorpe Road
Edgbaston
BIRMINGHAM
West Midlands
B15 1TH



REGISTERED NUMBER: 13835276 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: Barclays
1 Churchill Place
London
E14 5HP



INCORPORATED: 7th January 2022

SMILETASTIC CARE LIMITED (REGISTERED NUMBER: 13835276)

ABRIDGED BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,012 43,477
Investments 5 10,902 9,867
45,914 53,344

CURRENT ASSETS
Debtors 12,216 15,968
Cash at bank 171,448 97,412
183,664 113,380
CREDITORS
Amounts falling due within one year 35,169 32,992
NET CURRENT ASSETS 148,495 80,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,409

133,732

CREDITORS
Amounts falling due after more than one
year

(22,195

)

(24,737

)

PROVISIONS FOR LIABILITIES 7 (9,026 ) (11,522 )
NET ASSETS 163,188 97,473

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 163,088 97,373
SHAREHOLDERS' FUNDS 163,188 97,473

SMILETASTIC CARE LIMITED (REGISTERED NUMBER: 13835276)

ABRIDGED BALANCE SHEET - continued
30TH APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9th August 2024 and were signed by:





Mrs S Nagar - Director


SMILETASTIC CARE LIMITED (REGISTERED NUMBER: 13835276)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Smiletastic Care 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of medical services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans from related parties.

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.


SMILETASTIC CARE LIMITED (REGISTERED NUMBER: 13835276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The director's operate a defined contribution pension scheme. Contributions payable to the director's pension scheme are charged to the profit and loss account in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SMILETASTIC CARE LIMITED (REGISTERED NUMBER: 13835276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023 44,396
Additions 468
At 30th April 2024 44,864
DEPRECIATION
At 1st May 2023 919
Charge for year 8,933
At 30th April 2024 9,852
NET BOOK VALUE
At 30th April 2024 35,012
At 30th April 2023 43,477

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st May 2023
and 30th April 2024 42,825
DEPRECIATION
At 1st May 2023 714
Charge for year 8,422
At 30th April 2024 9,136
NET BOOK VALUE
At 30th April 2024 33,689
At 30th April 2023 42,111

SMILETASTIC CARE LIMITED (REGISTERED NUMBER: 13835276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st May 2023 9,867
Revaluations 902
Reversal of impairments 133
At 30th April 2024 10,902
NET BOOK VALUE
At 30th April 2024 10,902
At 30th April 2023 9,867

Cost or valuation at 30th April 2024 is represented by:
Totals
£   
Valuation in 2023 (133 )
Valuation in 2024 1,035
Cost 10,000
10,902

Fixed asset investments are initially recognised at cost. At subsequent balance sheet dates they are
recognised at market value.

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 2,542 2,417
Between one and five years 22,195 24,737
24,737 27,154

SMILETASTIC CARE LIMITED (REGISTERED NUMBER: 13835276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,026 11,522

Deferred
tax
£   
Balance at 1st May 2023 11,522
Movement (2,496 )
Balance at 30th April 2024 9,026

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary A £1 60 60
20 Ordinary B £1 20 20
20 Ordinary C £1 20 20
100 100