IRIS Accounts Production v24.1.9.2 12883053 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128830532023-03-31128830532024-03-31128830532023-04-012024-03-31128830532022-09-30128830532022-10-012023-03-31128830532023-03-3112883053ns15:EnglandWales2023-04-012024-03-3112883053ns14:PoundSterling2023-04-012024-03-3112883053ns10:Director12023-04-012024-03-3112883053ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112883053ns10:SmallEntities2023-04-012024-03-3112883053ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3112883053ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112883053ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112883053ns10:FullAccounts2023-04-012024-03-3112883053ns10:RegisteredOffice2023-04-012024-03-3112883053ns5:CurrentFinancialInstruments2024-03-3112883053ns5:CurrentFinancialInstruments2023-03-3112883053ns5:ShareCapital2024-03-3112883053ns5:ShareCapital2023-03-3112883053ns5:RetainedEarningsAccumulatedLosses2024-03-3112883053ns5:RetainedEarningsAccumulatedLosses2023-03-3112883053ns5:PlantMachinery2023-04-012024-03-3112883053ns5:PlantMachinery2023-03-3112883053ns5:PlantMachinery2024-03-3112883053ns5:PlantMachinery2023-03-3112883053ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3112883053ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 12883053 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Spark Smiles Ltd

Spark Smiles Ltd (Registered number: 12883053)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Spark Smiles Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr Rahul Ashok Shah





REGISTERED OFFICE: 62 Elms Road
Harrow Weald
HA3 6BS





REGISTERED NUMBER: 12883053 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

Spark Smiles Ltd (Registered number: 12883053)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,379 13,976

CURRENT ASSETS
Debtors 5 84,000 216,008
Cash at bank 299,696 68,540
383,696 284,548
CREDITORS
Amounts falling due within one year 6 73,772 37,848
NET CURRENT ASSETS 309,924 246,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,303

260,676

PROVISIONS FOR LIABILITIES 1,782 2,655
NET ASSETS 317,521 258,021

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 317,421 257,921
SHAREHOLDERS' FUNDS 317,521 258,021

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 2 August 2024 and were signed by:




Dr Rahul Ashok Shah - Director


Spark Smiles Ltd (Registered number: 12883053)

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

1. STATUTORY INFORMATION

Spark Smiles 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.

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 - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Spark Smiles Ltd (Registered number: 12883053)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 26,887
Additions 873
At 31 March 2024 27,760
DEPRECIATION
At 1 April 2023 12,911
Charge for year 5,470
At 31 March 2024 18,381
NET BOOK VALUE
At 31 March 2024 9,379
At 31 March 2023 13,976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 7,008
Other debtors 84,000 209,000
84,000 216,008

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 33,376 37,075
Other creditors 40,396 773
73,772 37,848

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 March 2024, Spark Smiles Ltd owed £396 to its Director. This amount is reflected in his director's loan account in credit balance, which is shown as Other creditors under Creditors due within one year. Please be advised that the director has agreed to provide this loan on an interest free basis and the loan is payable on demand.

8. RELATED PARTY DISCLOSURES

During the year ended 31 March 2024, Spark Smiles Ltd entered into a loan agreement with a related company. The loan of £84,000 was provided as an interest free loan and is repayable on demand, hence the amounts are being reflected accordingly under Debtors - Less than One Year.

During the year ended 31 March 2024, Spark Smiles Ltd entered into a loan agreement with a related company. The loan of £40,000 was received as an interest free loan and is repayable on demand, hence the amounts are being reflected accordingly under Creditors - Less than One Year.