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REGISTERED NUMBER: NI072324 (Northern Ireland)















MCCLARTY SMILES LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2024






MCCLARTY SMILES LIMITED (REGISTERED NUMBER: NI072324)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MCCLARTY SMILES LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Paul McClarty





REGISTERED OFFICE: 14 Railway Street
Lisburn
Co. Antrim
BT28 1XG





REGISTERED NUMBER: NI072324 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

MCCLARTY SMILES LIMITED (REGISTERED NUMBER: NI072324)

Statement of Financial Position
30 APRIL 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 - 529
Property, plant and equipment 6 264,762 265,098
264,762 265,627

CURRENT ASSETS
Inventories 7 13,379 13,792
Receivables 8 16,246 27,803
Cash at bank and in hand 34,609 66,353
64,234 107,948
PAYABLES
Amounts falling due within one year 9 (124,026 ) (148,237 )
NET CURRENT LIABILITIES (59,792 ) (40,289 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,970

225,338

PAYABLES
Amounts falling due after more than
one year

10

(28,849

)

(68,935

)

PROVISIONS FOR LIABILITIES (11,866 ) (8,872 )
NET ASSETS 164,255 147,531

CAPITAL AND RESERVES
Called up share capital 12 182 182
Capital redemption reserve 18 18
Retained earnings 164,055 147,331
SHAREHOLDERS' FUNDS 164,255 147,531

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 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.

MCCLARTY SMILES LIMITED (REGISTERED NUMBER: NI072324)

Statement of Financial Position - continued
30 APRIL 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 27 September 2024 and were signed by:





Paul McClarty - Director


MCCLARTY SMILES LIMITED (REGISTERED NUMBER: NI072324)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

McClarty Smiles Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Revenue
The revenue shown in the income statement represents amounts received or receivable for goods and services provided in the normal course of business. Revenue is recognised upon delivery of goods or service to customer.

Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


MCCLARTY SMILES LIMITED (REGISTERED NUMBER: NI072324)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Leasing and hire purchases
Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£ £ £
COST
At 1 May 2023
and 30 April 2024 410,504 7,298 417,802
AMORTISATION
At 1 May 2023 409,975 7,298 417,273
Amortisation for year 529 - 529
At 30 April 2024 410,504 7,298 417,802
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 529 - 529

MCCLARTY SMILES LIMITED (REGISTERED NUMBER: NI072324)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
COST
At 1 May 2023 212,272 287,811 60,471 560,554
Additions - 14,614 332 14,946
Disposals - (548 ) - (548 )
At 30 April 2024 212,272 301,877 60,803 574,952
DEPRECIATION
At 1 May 2023 - 245,456 50,000 295,456
Charge for year - 12,171 2,700 14,871
Eliminated on disposal - (137 ) - (137 )
At 30 April 2024 - 257,490 52,700 310,190
NET BOOK VALUE
At 30 April 2024 212,272 44,387 8,103 264,762
At 30 April 2023 212,272 42,355 10,471 265,098

7. INVENTORIES
2024 2023
£ £
Inventories 13,379 13,792

8. RECEIVABLES
2024 2023
£ £
Trade receivables 15,699 10,256
Other receivables 547 17,547
16,246 27,803

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 11)
36,774

73,945
Trade payables 27,865 25,653
Taxation and social security 47,573 36,631
Other payables 11,814 12,008
124,026 148,237

10. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans (see note 11) 12,294 43,173
Other creditors 16,555 25,762
28,849 68,935

11. LOANS

The bank loan is secured by way of a charge over property held by the company.

MCCLARTY SMILES LIMITED (REGISTERED NUMBER: NI072324)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Class A 1 100 100
82 Class B 1 82 82
182 182

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, a balance of £547 was owed by the directors to the company (2023: £17,547 was owing by the directors to the company).