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REGISTERED NUMBER: 13329043 (England and Wales)














SMILE BAR & VENUE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






SMILE BAR & VENUE LIMITED (REGISTERED NUMBER: 13329043)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMILE BAR & VENUE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R D Harrison
M Harrison





REGISTERED OFFICE: 116 Low Road
Dewsbury
WF12 OPU





BUSINESS ADDRESS: 38 Wakefield Road
Aspley
Huddersfield
West Yorkshire
HD1 3AQ





REGISTERED NUMBER: 13329043 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

SMILE BAR & VENUE LIMITED (REGISTERED NUMBER: 13329043)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 170,503 193,453

CURRENT ASSETS
Stocks 14,373 9,559
Debtors 5 42,479 8,199
Cash at bank and in hand 34,379 3,466
91,231 21,224
CREDITORS
Amounts falling due within one year 6 106,991 48,209
NET CURRENT LIABILITIES (15,760 ) (26,985 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,743

166,468

CREDITORS
Amounts falling due after more than one
year

7

233,918

274,490
NET LIABILITIES (79,175 ) (108,022 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (79,275 ) (108,122 )
SHAREHOLDERS' FUNDS (79,175 ) (108,022 )

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 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.

SMILE BAR & VENUE LIMITED (REGISTERED NUMBER: 13329043)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





R D Harrison - Director


SMILE BAR & VENUE LIMITED (REGISTERED NUMBER: 13329043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Smile Bar & Venue 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.

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


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.

Going concern
The financial statements have been prepared on the going concern basis. The company is reliant on the continued support of its directors. The directors have confirmed that this support will continue.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Taxation
No tax or deferred tax liabilities arose during the year.

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.

SMILE BAR & VENUE LIMITED (REGISTERED NUMBER: 13329043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 14,129 212,431 226,560
Additions - 5,954 5,954
At 30 April 2024 14,129 218,385 232,514
DEPRECIATION
At 1 May 2023 1,000 32,107 33,107
Charge for year 1,177 27,727 28,904
At 30 April 2024 2,177 59,834 62,011
NET BOOK VALUE
At 30 April 2024 11,952 158,551 170,503
At 30 April 2023 13,129 180,324 193,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 42,479 8,199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,606 10,385
Trade creditors 31,103 11,271
Taxation and social security 16,225 11,568
Other creditors 49,057 14,985
106,991 48,209

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,124 31,632
Other creditors 211,794 242,858
233,918 274,490

SMILE BAR & VENUE LIMITED (REGISTERED NUMBER: 13329043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,235 52,500
Between one and five years 510 21,875
22,745 74,375