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REGISTERED NUMBER: 06140968 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ULTRASMILE LIMITED

ULTRASMILE LIMITED (REGISTERED NUMBER: 06140968)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ULTRASMILE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr T D Nghiem
Mr K D Nghiem





REGISTERED OFFICE: Ground Floor Marlborough House,
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 06140968 (England and Wales)





ACCOUNTANTS: Fusion Consulting Ltd
Marlborough House
298 Regents Park Road
London
N3 2SZ

ULTRASMILE LIMITED (REGISTERED NUMBER: 06140968)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 433,437 383,387
433,437 383,387

CURRENT ASSETS
Stocks 6 3,000 3,000
Cash at bank 33,522 71,241
36,522 74,241
CREDITORS
Amounts falling due within one year 7 191,321 182,138
NET CURRENT LIABILITIES (154,799 ) (107,897 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,638

275,490

CREDITORS
Amounts falling due after more than one year 8 277,284 252,510
NET ASSETS 1,354 22,980

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings 11 1,252 22,878
SHAREHOLDERS' FUNDS 1,354 22,980

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.

ULTRASMILE LIMITED (REGISTERED NUMBER: 06140968)

BALANCE SHEET - continued
31 MARCH 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 6 February 2025 and were signed on its behalf by:





Dr T D Nghiem - Director


ULTRASMILE LIMITED (REGISTERED NUMBER: 06140968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ultrasmile 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Not depreciated
Plant & Machinery 25% on cost and 20% 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.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

ULTRASMILE LIMITED (REGISTERED NUMBER: 06140968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 515,247
AMORTISATION
At 1 April 2023
and 31 March 2024 515,247
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Long Office
leasehold Equipment Totals
£    £    £   
COST
At 1 April 2023 338,964 526,113 865,077
Additions - 77,714 77,714
At 31 March 2024 338,964 603,827 942,791
DEPRECIATION
At 1 April 2023 - 481,690 481,690
Charge for year - 27,664 27,664
At 31 March 2024 - 509,354 509,354
NET BOOK VALUE
At 31 March 2024 338,964 94,473 433,437
At 31 March 2023 338,964 44,423 383,387

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 3,000 3,000

ULTRASMILE LIMITED (REGISTERED NUMBER: 06140968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 25,384 42,971
Trade creditors 25,248 54,355
Corporation tax 114,520 59,305
Social security and other taxes 4,711 3,990
Pension payable 286 -
Other creditors 19,324 18,331
Accruals and deferred income 1,848 3,186
191,321 182,138

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 123,642 130,052
Hire purchase contracts 99,475 43,291
CIBI Loan 54,167 79,167
277,284 252,510

The CBI loan is part of the Coronavirus Business Interruption Loan Scheme that was launched on 23 March 2020. The scheme provides financial support to smaller businesses affected by COVID-19. The goverment guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months. This loan has a term of 72 months and the effective interest rate is 2.13%.

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 25,384 42,971

Amounts falling due between two and five years:
Bank loans 123,642 130,052

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary shares £1 100 100
1 Ordinary A shares £1 1 1
1 Ordinary B shares £1 1 1
102 102

ULTRASMILE LIMITED (REGISTERED NUMBER: 06140968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 22,878
Profit for the year 239,374
Dividends (261,000 )
At 31 March 2024 1,252

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £261,000 were paid to the directors .

During the year the company paid its directors, remuneration of £19,421 (2023: £23,793).

The controlling parties are the company directors by virtue of their shareholdings.