IRIS Accounts Production v24.1.9.2 06784745 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067847452023-01-31067847452024-01-31067847452023-02-012024-01-31067847452022-01-31067847452022-02-012023-01-31067847452023-01-3106784745ns15:EnglandWales2023-02-012024-01-3106784745ns14:PoundSterling2023-02-012024-01-3106784745ns10:Director12023-02-012024-01-3106784745ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106784745ns10:SmallEntities2023-02-012024-01-3106784745ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106784745ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106784745ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106784745ns10:FullAccounts2023-02-012024-01-3106784745ns10:OrdinaryShareClass12023-02-012024-01-3106784745ns10:Director22023-02-012024-01-3106784745ns10:RegisteredOffice2023-02-012024-01-3106784745ns5:CurrentFinancialInstruments2024-01-3106784745ns5:CurrentFinancialInstruments2023-01-3106784745ns5:ShareCapital2024-01-3106784745ns5:ShareCapital2023-01-3106784745ns5:RetainedEarningsAccumulatedLosses2024-01-3106784745ns5:RetainedEarningsAccumulatedLosses2023-01-3106784745ns5:PlantMachinery2023-02-012024-01-3106784745ns5:PlantMachinery2023-01-3106784745ns5:PlantMachinery2024-01-3106784745ns5:PlantMachinery2023-01-3106784745ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3106784745ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3106784745ns5:AcceleratedTaxDepreciationDeferredTax2024-01-3106784745ns5:AcceleratedTaxDepreciationDeferredTax2023-01-3106784745ns5:DeferredTaxation2023-01-3106784745ns5:DeferredTaxation2023-02-012024-01-3106784745ns5:DeferredTaxation2024-01-3106784745ns10:OrdinaryShareClass12024-01-3106784745ns5:RetainedEarningsAccumulatedLosses2023-01-3106784745ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31067847451ns10:Director12023-01-31067847451ns10:Director12022-01-31067847451ns10:Director12023-02-012024-01-31067847451ns10:Director12022-02-012023-01-31067847451ns10:Director12024-01-31067847451ns10:Director12023-01-3106784745ns5:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: 06784745 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

SMILE SERVICING & REPAIRS LIMITED

SMILE SERVICING & REPAIRS LIMITED (REGISTERED NUMBER: 06784745)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SMILE SERVICING & REPAIRS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: N J Dray
Mrs J D Dray





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 06784745 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

SMILE SERVICING & REPAIRS LIMITED (REGISTERED NUMBER: 06784745)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,371 18,453

CURRENT ASSETS
Stocks 6,200 11,800
Debtors 5 101,370 101,511
Cash at bank and in hand 26,747 23,417
134,317 136,728
CREDITORS
Amounts falling due within one year 6 102,783 108,483
NET CURRENT ASSETS 31,534 28,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,905

46,698

PROVISIONS FOR LIABILITIES 8 3,018 3,506
NET ASSETS 42,887 43,192

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 42,787 43,092
SHAREHOLDERS' FUNDS 13 42,887 43,192

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 SERVICING & REPAIRS LIMITED (REGISTERED NUMBER: 06784745)

Statement of Financial Position - continued
31 January 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 7 August 2024 and were signed on its behalf by:





N J Dray - Director


SMILE SERVICING & REPAIRS LIMITED (REGISTERED NUMBER: 06784745)

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

1. STATUTORY INFORMATION

Smile Servicing & Repairs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

SMILE SERVICING & REPAIRS LIMITED (REGISTERED NUMBER: 06784745)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 72,682
Additions 1,974
Disposals (6,150 )
At 31 January 2024 68,506
DEPRECIATION
At 1 February 2023 54,229
Charge for year 4,800
Eliminated on disposal (4,894 )
At 31 January 2024 54,135
NET BOOK VALUE
At 31 January 2024 14,371
At 31 January 2023 18,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 10,155 10,296
Other debtors 91,215 91,215
101,370 101,511

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 36,125 38,081
Taxation and social security 37,980 32,389
Other creditors 28,678 38,013
102,783 108,483

7. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Other loans 23,333 33,333

SMILE SERVICING & REPAIRS LIMITED (REGISTERED NUMBER: 06784745)

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

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Accelerated capital allowances 3,018 3,506

Deferred
tax
£   
Balance at 1 February 2023 3,506
Provided during year (488 )
Balance at 31 January 2024 3,018

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2023 43,092
Profit for the year 47,695
Dividends (48,000 )
At 31 January 2024 42,787

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
N J Dray
Balance outstanding at start of year 51,215 51,215
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,215 51,215

Any advances are interest free and repayable on demand.

SMILE SERVICING & REPAIRS LIMITED (REGISTERED NUMBER: 06784745)

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

12. RELATED PARTY DISCLOSURES

The Company continues to be under the control of Mr. N. J. Dray.

During the year the company made an interest free of £40,000 loan to Hares Servicing and Repairs Ltd. This company is also under the control of Mr N. J. Dray.

The loan is repayable on demand.

13. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.1.24 31.1.23
£    £   
Profit for the financial year 47,695 33,295
Dividends (48,000 ) (48,000 )
Opening shareholders` funds
Net reduction of shareholders' funds (305 ) (14,705 )
Opening shareholders' funds 43,192 57,897
Closing shareholders' funds 42,887 43,192