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REGISTERED NUMBER: 11890307 (England and Wales)












SMILESHINES (BECKENHAM) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)






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


SMILESHINES (BECKENHAM) LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: Dr A M Prashad





SECRETARY:





REGISTERED OFFICE: 67 The Avenue
AYLESFORD
Kent
ME20 7LQ





REGISTERED NUMBER: 11890307 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 633,898 660,677
Tangible assets 5 61,518 79,855
695,416 740,532

CURRENT ASSETS
Stocks 3,500 2,500
Debtors 6 44,342 26,551
Cash at bank and in hand 159,573 125,831
207,415 154,882
CREDITORS
Amounts falling due within one year 7 (978,970 ) (989,064 )
NET CURRENT LIABILITIES (771,555 ) (834,182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(76,139

)

(93,650

)

PROVISIONS FOR LIABILITIES (12,525 ) (12,527 )
NET LIABILITIES (88,664 ) (106,177 )

SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

BALANCE SHEET - continued
31 March 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (88,764 ) (106,277 )
(88,664 ) (106,177 )

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.

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 24 October 2024 and were signed by:





Dr A M Prashad - Director


SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Smileshines (Beckenham) Ltd 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.

The financial statements have been prepared on the going concern basis despite the company having an excess of liabilities over assets at the balance sheet date. The principal liability of the company is an intercompany loan account with its parent. Although technically repayable on demand the company does not anticipate that repayment will be required so as to undermine the company's ability to continue as a going concern.

Turnover
Turnover represents the supply of dental services and is measured at the fair value of the consideration received or receivable, for services supplied in the reporting period.

Goodwill
Goodwill at cost reflects the amount paid in connection with the acquisition of a business in 2019. The difference between the acquisition cost and expected residual value is being amortised over the expected useful economic life of 10 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 etc - 25% on reducing balance, 20% on cost and 2% 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.


SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 9 (2023 - 12 ) .

SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 982,081
AMORTISATION
At 1 April 2023 321,404
Amortisation for year 26,779
At 31 March 2024 348,183
NET BOOK VALUE
At 31 March 2024 633,898
At 31 March 2023 660,677

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Dental and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 3,664 146,757 860 7,305 158,586
Additions - - - 1,685 1,685
At 31 March 2024 3,664 146,757 860 8,990 160,271
DEPRECIATION
At 1 April 2023 122 73,700 402 4,507 78,731
Charge for year 73 18,264 115 1,570 20,022
At 31 March 2024 195 91,964 517 6,077 98,753
NET BOOK VALUE
At 31 March 2024 3,469 54,793 343 2,913 61,518
At 31 March 2023 3,542 73,057 458 2,798 79,855

SMILESHINES (BECKENHAM) LTD (REGISTERED NUMBER: 11890307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,295 11,912
Other debtors 20,047 14,639
44,342 26,551

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 19,933
Amounts owed to group undertakings 929,465 910,773
Taxation and social security 12,498 7,310
Other creditors 37,007 51,048
978,970 989,064