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REGISTERED NUMBER: 09259812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SMILES SI LIMITED

SMILES SI LIMITED (REGISTERED NUMBER: 09259812)






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


SMILES SI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Doctor S M Ikram





SECRETARY:





REGISTERED OFFICE: 7-8 Raleigh Walk
Waterfront 2000
Brigantine Place
Cardiff
CF10 4LN





REGISTERED NUMBER: 09259812 (England and Wales)






SMILES SI LIMITED (REGISTERED NUMBER: 09259812)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,250 88,750
Tangible assets 5 938 2,065
82,188 90,815

CURRENT ASSETS
Cash at bank 12,281 11,156

CREDITORS
Amounts falling due within one year 6 12,577 13,709
NET CURRENT LIABILITIES (296 ) (2,553 )
TOTAL ASSETS LESS CURRENT LIABILITIES 81,892 88,262

CREDITORS
Amounts falling due after more than one
year

7

68,285

71,681
NET ASSETS 13,607 16,581

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,507 16,481
SHAREHOLDERS' FUNDS 13,607 16,581

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 director acknowledges his 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.

SMILES SI LIMITED (REGISTERED NUMBER: 09259812)

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 director and authorised for issue on 16 August 2024 and were signed by:





Doctor S M Ikram - Director


SMILES SI LIMITED (REGISTERED NUMBER: 09259812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Smiles Si 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 2015, is being amortised evenly over its estimated useful life of twenty 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 cost
Computer equipment - 33% on cost

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.

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.

SMILES SI LIMITED (REGISTERED NUMBER: 09259812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 61,250
Amortisation for year 7,500
At 31 March 2024 68,750
NET BOOK VALUE
At 31 March 2024 81,250
At 31 March 2023 88,750

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 5,636 1,000 2,587 9,223
DEPRECIATION
At 1 April 2023 3,571 1,000 2,587 7,158
Charge for year 1,127 - - 1,127
At 31 March 2024 4,698 1,000 2,587 8,285
NET BOOK VALUE
At 31 March 2024 938 - - 938
At 31 March 2023 2,065 - - 2,065

SMILES SI LIMITED (REGISTERED NUMBER: 09259812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,398 2,616
Taxation and social security 8,871 8,727
Other creditors 2,308 2,366
12,577 13,709

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 68,285 71,681

8. RELATED PARTY DISCLOSURES

The company is controlled by Dr Saleem Ikram who is the sole director.During the period the director lent various monies to the company and the balance of these loans at the Balance Sheet date was £68,285. (2023 £71,681)