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REGISTERED NUMBER: 06303279 (England and Wales)















SMILE ETC MEDICAL AESTHETICS LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






SMILE ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 06303279)

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

Chartered Accountants' Report 6

SMILE ETC MEDICAL AESTHETICS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr A B Dhunna





SECRETARY: Mrs. J K Dhunna





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 06303279 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

SMILE ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 06303279)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,437 2,794

CURRENT ASSETS
Debtors 5 3,340 168
Cash at bank 93,297 95,737
96,637 95,905
CREDITORS
Amounts falling due within one year 6 47,593 37,309
NET CURRENT ASSETS 49,044 58,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,481

61,390

PROVISIONS FOR LIABILITIES 326 531
NET ASSETS 50,155 60,859

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,055 60,759
SHAREHOLDERS' FUNDS 50,155 60,859

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 her 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.

SMILE ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 06303279)

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 17 November 2024 and were signed by:





Dr A B Dhunna - Director


SMILE ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 06303279)

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


1. STATUTORY INFORMATION

Smile Etc Medical Aesthetics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There were no material departures from that standard.

Turnover
Turnover is recognised in line with the work performed.

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 - 33.33% on cost
Computer equipment - 25% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

SMILE ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 06303279)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 1,514 5,819 7,333
Additions 202 - 202
At 31 March 2024 1,716 5,819 7,535
DEPRECIATION
At 1 April 2023 1,010 3,529 4,539
Charge for year 325 1,234 1,559
At 31 March 2024 1,335 4,763 6,098
NET BOOK VALUE
At 31 March 2024 381 1,056 1,437
At 31 March 2023 504 2,290 2,794

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by participating interests 168 168
Prepayments 3,172 -
3,340 168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 23,835 11,933
Directors' current accounts 21,178 22,841
Accrued expenses 2,580 2,535
47,593 37,309

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £21,178 (2023 £22,841).

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr A B Dhunna by virtue of her holding 100% of the share capital in the parent company Arka Holdings Limited.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Smile Etc Medical Aesthetics Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Smile Etc Medical Aesthetics Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Smile Etc Medical Aesthetics Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smile Etc Medical Aesthetics Limited and state those matters that we have agreed to state to the director of Smile Etc Medical Aesthetics Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smile Etc Medical Aesthetics Limited and its director for our work or for this report.

It is your duty to ensure that Smile Etc Medical Aesthetics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Smile Etc Medical Aesthetics Limited. You consider that Smile Etc Medical Aesthetics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Smile Etc Medical Aesthetics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


18 November 2024