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REGISTERED NUMBER: 07108588 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Smile Locum Agency Ltd

Smile Locum Agency Ltd (Registered number: 07108588)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Smile Locum Agency Ltd

COMPANY INFORMATION
for the year ended 31 March 2024







Directors: Mrs E Bathard
Mrs A Hosking





Registered office: 11 Keyberry Road
Newton Abbot
Devon
TQ12 1BX





Registered number: 07108588 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Smile Locum Agency Ltd (Registered number: 07108588)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,995 2,346

Current assets
Work in progress 12,462 5,439
Debtors 5 62,788 62,025
Cash at bank and in hand 46,742 17,693
121,992 85,157
Creditors
Amounts falling due within one year 6 80,344 55,061
Net current assets 41,648 30,096
Total assets less current liabilities 43,643 32,442

Creditors
Amounts falling due after more than one
year

7

28,110

32,592
Net assets/(liabilities) 15,533 (150 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings 15,433 (250 )
Shareholders' funds 15,533 (150 )

Smile Locum Agency Ltd (Registered number: 07108588)

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 directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mrs A Hosking - Director


Smile Locum Agency Ltd (Registered number: 07108588)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Smile Locum Agency 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 represents the amounts receivable, net of VAT, in respect of services rendered. Turnover is recognised upon completion of the service to the end user and any incomplete services are treated as work in progress and included in turnover for the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Work in progress
Work in progress represents the full value of work undertaken for customers at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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.

Smile Locum Agency Ltd (Registered number: 07108588)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 April 2023
and 31 March 2024 6,980
Depreciation
At 1 April 2023 4,634
Charge for year 351
At 31 March 2024 4,985
Net book value
At 31 March 2024 1,995
At 31 March 2023 2,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,278 49,984
Other debtors 2,510 2,510
Directors' loan accounts - 9,531
62,788 62,025

Smile Locum Agency Ltd (Registered number: 07108588)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,150 6,150
Taxation and social security 69,026 44,615
Other creditors 5,168 4,296
80,344 55,061

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,110 32,592

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the following amounts to the directors:

A Hosking £753
E Bathard £150



10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.