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REGISTERED NUMBER: 08708402 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

One Smile Oral Care Ltd

One Smile Oral Care Ltd (Registered number: 08708402)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

One Smile Oral Care Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr Seyed B Mortazavi





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 08708402 (England and Wales)

One Smile Oral Care Ltd (Registered number: 08708402)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,507 193,264

CURRENT ASSETS
Debtors 5 487,906 461,217
Cash at bank - 12,006
487,906 473,223
CREDITORS
Amounts falling due within one year 6 39,408 91,790
NET CURRENT ASSETS 448,498 381,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

627,005

574,697

CREDITORS
Amounts falling due after more than one year 7 480,196 436,862
NET ASSETS 146,809 137,835

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 120,000 120,000
Retained earnings 26,807 17,833
SHAREHOLDERS' FUNDS 146,809 137,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

One Smile Oral Care Ltd (Registered number: 08708402)

Balance Sheet - continued
29 February 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 29 November 2024 and were signed by:





Mr Seyed B Mortazavi - Director


One Smile Oral Care Ltd (Registered number: 08708402)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

One Smile Oral Care 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 - 33% on cost, 25% on reducing balance and 20% on reducing balance

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 4 (2023 - 5 ) .

One Smile Oral Care Ltd (Registered number: 08708402)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 562,780
DEPRECIATION
At 1 March 2023 369,516
Charge for year 14,757
At 29 February 2024 384,273
NET BOOK VALUE
At 29 February 2024 178,507
At 28 February 2023 193,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 487,906 461,217

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 23,024 -
Trade creditors (2 ) 15,399
Taxation and social security 10,225 17,068
Other creditors 6,161 59,323
39,408 91,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 391,862 419,403
Hire purchase contracts 88,334 17,459
480,196 436,862

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 391,862 409,013

One Smile Oral Care Ltd (Registered number: 08708402)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 391,862 419,403

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Seyed B Mortazavi.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
One Smile Oral Care Ltd

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 One Smile Oral Care Ltd for the year ended 29 February 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 One Smile Oral Care Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of One Smile Oral Care Ltd and state those matters that we have agreed to state to the director of One Smile Oral Care Ltd 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 One Smile Oral Care Ltd and its director for our work or for this report.

It is your duty to ensure that One Smile Oral Care Ltd 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 One Smile Oral Care Ltd. You consider that One Smile Oral Care Ltd 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 One Smile Oral Care Ltd. 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.






ASM Chartered Accountants
ASM House
103a Keymer Road
Hassocks
West Sussex
BN6 8QL


Date: .............................................