Registered number
07442900
Surbiton Smile Centre Limited
Filleted Accounts
31 March 2024
Surbiton Smile Centre Limited
Registered number: 07442900
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 455,183 450,405
Investments 4 699,400 186,600
1,154,583 637,005
Current assets
Stocks 3,040 3,040
Debtors 5 1,270 1,270
Cash at bank and in hand 52,993 438,839
57,303 443,149
Creditors: amounts falling due within one year 6 (223,438) (91,816)
Net current (liabilities)/assets (166,135) 351,333
Total assets less current liabilities 988,448 988,338
Creditors: amounts falling due after more than one year 7 (294,561) (344,867)
Provisions for liabilities (7,625) (7,625)
Net assets 686,262 635,846
Capital and reserves
Share capital Issued 1 1
Profit and loss account 686,261 635,845
Shareholders' funds 686,262 635,846
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms S Soltani
Director
Approved by the board on 27 December 2024
Surbiton Smile Centre Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 359,933 285,066 644,999
Additions 13,317 - 13,317
At 31 March 2024 373,250 285,066 658,316
Depreciation
At 1 April 2023 - 194,594 194,594
Charge for the year - 8,539 8,539
At 31 March 2024 - 203,133 203,133
Net book value
At 31 March 2024 373,250 81,933 455,183
At 31 March 2023 359,933 90,472 450,405
4 Investments
Other
investments
£
Cost
At 1 April 2023 186,600
Additions 512,800
At 31 March 2024 699,400
5 Debtors 2024 2023
£ £
Other debtors 1,270 1,270
1,270 1,270
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts (12,827) (12,280)
Trade creditors 26,384 36,104
Taxation and social security costs 7,096 23,013
Other creditors 202,785 44,979
223,438 91,816
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 255,577 298,242
Obligations under finance lease and hire purchase contracts 38,984 46,625
294,561 344,867
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 38,984 46,625
38,984 46,625
Secured bank loans 255,577 298,242
First legal charge over freehold property-146 Ewell Road, Surbiton, KT6 6HE
9 Loans to directors
Description and conditions B/fwd Repaid C/fwd
£ £ £
Ms Simin Soltani
Loans to directors (35,200) 35,200 -
(35,200) 35,200 -
10 Controlling party
The company is controlled by the sole director
11 Other information
Surbiton Smile Centre Limited is a private company limited by shares and incorporated in England. Its registered office is:
148 Ewell Road
Surbiton Surrey
Surrey
KT6 6HE
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