Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC490491 Mr Anjum Baig Mrs Zarsangah Ullah Baig iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC490491 2022-11-30 SC490491 2023-11-30 SC490491 2022-12-01 2023-11-30 SC490491 frs-core:CurrentFinancialInstruments 2023-11-30 SC490491 frs-core:Non-currentFinancialInstruments 2023-11-30 SC490491 frs-core:BetweenOneFiveYears 2023-11-30 SC490491 frs-core:ComputerEquipment 2023-11-30 SC490491 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC490491 frs-core:ComputerEquipment 2022-11-30 SC490491 frs-core:FurnitureFittings 2023-11-30 SC490491 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC490491 frs-core:FurnitureFittings 2022-11-30 SC490491 frs-core:NetGoodwill 2023-11-30 SC490491 frs-core:NetGoodwill 2022-12-01 2023-11-30 SC490491 frs-core:NetGoodwill 2022-11-30 SC490491 frs-core:MotorVehicles 2023-11-30 SC490491 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC490491 frs-core:MotorVehicles 2022-11-30 SC490491 frs-core:PlantMachinery 2023-11-30 SC490491 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC490491 frs-core:PlantMachinery 2022-11-30 SC490491 frs-core:WithinOneYear 2023-11-30 SC490491 frs-core:ShareCapital 2023-11-30 SC490491 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC490491 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC490491 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC490491 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC490491 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC490491 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC490491 frs-bus:Director1 2022-12-01 2023-11-30 SC490491 frs-bus:Director2 2022-12-01 2023-11-30 SC490491 frs-countries:Scotland 2022-12-01 2023-11-30 SC490491 2021-11-30 SC490491 2022-11-30 SC490491 2021-12-01 2022-11-30 SC490491 frs-core:CurrentFinancialInstruments 2022-11-30 SC490491 frs-core:Non-currentFinancialInstruments 2022-11-30 SC490491 frs-core:BetweenOneFiveYears 2022-11-30 SC490491 frs-core:WithinOneYear 2022-11-30 SC490491 frs-core:ShareCapital 2022-11-30 SC490491 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC490491
Lifelong Smiles Ltd
Financial Statements
For The Year Ended 30 November 2023
Khokhar McAdam Ltd
Chartered Accountants
1 Eagle Street
Glasgow
G4 9XA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC490491
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 36,420 49,540
36,420 49,540
CURRENT ASSETS
Debtors 6 392,161 420,794
Cash at bank and in hand 8,122 15,087
400,283 435,881
Creditors: Amounts Falling Due Within One Year 7 (115,158 ) (106,341 )
NET CURRENT ASSETS (LIABILITIES) 285,125 329,540
TOTAL ASSETS LESS CURRENT LIABILITIES 321,545 379,080
Creditors: Amounts Falling Due After More Than One Year (143,344 ) (204,800 )
NET ASSETS 178,201 174,280
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 178,191 174,270
SHAREHOLDERS' FUNDS 178,201 174,280
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anjum Baig
Director
1 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lifelong Smiles Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC490491 . The registered office is 141 St. Georges Road, Glasgow, G3 6JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 15%
Computer Equipment 10%
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 11)
4 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 423,000
As at 30 November 2023 423,000
Amortisation
As at 1 December 2022 423,000
As at 30 November 2023 423,000
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 22,115 44,090 11,549 10,219 87,973
As at 30 November 2023 22,115 44,090 11,549 10,219 87,973
Depreciation
As at 1 December 2022 19,259 6,614 8,726 3,834 38,433
Provided during the period 2,856 8,818 424 1,022 13,120
As at 30 November 2023 22,115 15,432 9,150 4,856 51,553
Net Book Value
As at 30 November 2023 - 28,658 2,399 5,363 36,420
As at 1 December 2022 2,856 37,476 2,823 6,385 49,540
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 12,474 9,794
Other debtors 379,687 411,000
392,161 420,794
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 5,435 5,435
Trade creditors - 1,504
Bank loans and overdrafts 25,712 12,577
Other creditors 10,766 11,810
Taxation and social security 73,245 75,015
115,158 106,341
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8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,435 5,435
Later than one year and not later than five years 23,893 27,950
29,328 33,385
29,328 33,385
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
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