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REGISTERED NUMBER: SC682115 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Macro Smile Ltd

Macro Smile Ltd (Registered number: SC682115)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Macro Smile Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Dr. D S K Kalsi
Dr. N Sharma





REGISTERED OFFICE: Hamilton Smile Studios
20-22 Brandon St
Hamilton
ML3 6AB





REGISTERED NUMBER: SC682115 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Macro Smile Ltd (Registered number: SC682115)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,000 85,000
Tangible assets 5 111,816 116,332
186,816 201,332

CURRENT ASSETS
Stocks 1,500 10,000
Debtors 6 174,010 15,430
Cash at bank 2,523 14,148
178,033 39,578
CREDITORS
Amounts falling due within one year 7 238,878 76,461
NET CURRENT LIABILITIES (60,845 ) (36,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,971

164,449

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 125,871 164,349
SHAREHOLDERS' FUNDS 125,971 164,449

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Macro Smile Ltd (Registered number: SC682115)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:




Dr. D S K Kalsi - Director



Dr. N Sharma - Director


Macro Smile Ltd (Registered number: SC682115)

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

1. STATUTORY INFORMATION

Macro Smile Ltd is a private company, limited by shares , registered in Scotland. 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 2021, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.


Macro Smile Ltd (Registered number: SC682115)

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

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 100,000
AMORTISATION
At 1 December 2022 15,000
Amortisation for year 10,000
At 30 November 2023 25,000
NET BOOK VALUE
At 30 November 2023 75,000
At 30 November 2022 85,000

Macro Smile Ltd (Registered number: SC682115)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 119,968 10,812 10,108 140,888
Additions 27,986 3,270 3,875 35,131
At 30 November 2023 147,954 14,082 13,983 176,019
DEPRECIATION
At 1 December 2022 19,142 2,950 2,464 24,556
Charge for year 32,203 2,783 4,661 39,647
At 30 November 2023 51,345 5,733 7,125 64,203
NET BOOK VALUE
At 30 November 2023 96,609 8,349 6,858 111,816
At 30 November 2022 100,826 7,862 7,644 116,332

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 4,038 4,947
Amounts owed by group undertakings 169,941 7,990
Directors' current accounts - 2,462
Tax 31 31
174,010 15,430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 82,593 29,801
Amounts owed to group undertakings - 10,894
Tax 2,253 2,253
Social security and other taxes (92 ) 656
Pension 26 -
Credit card 5,344 16,281
Directors' current accounts 1,736 2,537
Deferred income 127,177 -
Accrued expenses 19,841 14,039
238,878 76,461

Macro Smile Ltd (Registered number: SC682115)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary Shares 1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Dr. D S K Kalsi
Balance outstanding at start of year 2,462 -
Amounts advanced 8,182 8,781
Amounts repaid (7,362 ) (6,319 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,282 2,462

Dr. N Sharma
Balance outstanding at start of year (2,537 ) -
Amounts advanced 1,132 (225 )
Amounts repaid (312 ) (2,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,717 ) (2,537 )

Interest is charged at average rate of 2% on overdrawn balances