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REGISTERED NUMBER: 07594406 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Smile Choices Limited

Smile Choices Limited (Registered number: 07594406)

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


Smile Choices Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: DR H K GUPTA





SECRETARY: MRS S GUPTA





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 07594406 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Smile Choices Limited (Registered number: 07594406)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1 1
1 1

CURRENT ASSETS
Debtors 6 390,672 377,323
Cash at bank and in hand 188,375 354,963
579,047 732,286
CREDITORS
Amounts falling due within one year 7 (43,403 ) (38,284 )
NET CURRENT ASSETS 535,644 694,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,645

694,003

CREDITORS
Amounts falling due after more than
one year

8

(302,781

)

(327,574

)
NET ASSETS 232,864 366,429

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 232,764 366,329
232,864 366,429

Smile Choices Limited (Registered number: 07594406)

Balance Sheet - continued
31 March 2024


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 27 November 2024 and were signed by:





DR H K GUPTA - Director


Smile Choices Limited (Registered number: 07594406)

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


1. STATUTORY INFORMATION

Smile Choices 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.

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
Revenue receivable from the treatment of patients is recognised when the significant risks and rewards thereof have passed to the patient, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 on a systematic basis over its expected life, which is 5 years on a straight line basis.

Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Plant and equipment Straight line 20%
Fixtures and fittings Straight line 20%
Computer equipment's Straight line 20%

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.


Smile Choices Limited (Registered number: 07594406)

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


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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 588,890
AMORTISATION
At 1 April 2023
and 31 March 2024 588,890
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Smile Choices Limited (Registered number: 07594406)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 28,983
DEPRECIATION
At 1 April 2023
and 31 March 2024 28,982
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Other debtors 4,859 -

Amounts falling due after more than one year:
Other debtors 385,813 377,323

Aggregate amounts 390,672 377,323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 29,625 26,409
Taxation and social security 11,378 9,475
Other creditors 2,400 2,400
43,403 38,284

Smile Choices Limited (Registered number: 07594406)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,269 46,435
Other creditors 287,512 281,139
302,781 327,574