Smiles Better Ltd 13024821 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is dental practice activities. Digita Accounts Production Advanced 6.30.9574.0 true false true 13024821 2023-04-01 2024-03-31 13024821 2024-03-31 13024821 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13024821 core:ParentEntities 2024-03-31 13024821 bus:SmallEntities 2023-04-01 2024-03-31 13024821 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13024821 bus:FilletedAccounts 2023-04-01 2024-03-31 13024821 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13024821 bus:RegisteredOffice 2023-04-01 2024-03-31 13024821 bus:Director1 2023-04-01 2024-03-31 13024821 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 13024821 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13024821 core:ParentEntities 2023-04-01 2024-03-31 13024821 1 2023-04-01 2024-03-31 13024821 countries:EnglandWales 2023-04-01 2024-03-31 13024821 2023-03-31 13024821 core:ParentEntities 2023-03-31 13024821 2022-04-01 2023-03-31 13024821 2023-03-31 13024821 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13024821 core:ParentEntities 2023-03-31 13024821 core:ParentEntities 2022-04-01 2023-03-31 13024821 2022-03-31 13024821 core:ParentEntities 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 13024821

Smiles Better Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Smiles Better Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Smiles Better Ltd

(Registration number: 13024821)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

1,350

1,350

Creditors: Amounts falling due within one year

5

(1,872)

(41,070)

Net liabilities

 

(522)

(39,720)

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(532)

(39,730)

Shareholders' deficit

 

(522)

(39,720)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 August 2024
 

.........................................
Mr A E Harvey
Director

 

Smiles Better Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is reliant on the financial support of it's parent company until such time that the company can commence trading fully. The director has confirmed his intention to maintain this financial support and as such believes the use of the going concern basis to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Smiles Better Ltd

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

4

Debtors

Current

2024
£

2023
£

 

-

-

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to related parties

6

-

39,198

Other creditors

 

1,872

1,872

 

1,872

41,070

6

Related party transactions

Loans from related parties

2024

Parent
£

Total
£

At start of period

39,198

39,198

Impairment

(39,198)

(39,198)

At end of period

-

-

2023

Parent
£

Total
£

At start of period

38,458

38,458

Advanced

740

740

At end of period

39,198

39,198

Terms of loans from related parties

Interest free loan which is repayable on demand.
 

7

Parent and ultimate parent undertaking

The company's immediate parent is Endeavor Management Limited, incorporated in England and Wales.