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REGISTERED NUMBER: 05971982















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Share a Smile Limited

Share a Smile Limited (Registered number: 05971982)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Share a Smile Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Dr H Ferreira





SECRETARY: Mrs M Ferreira





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 05971982





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Share a Smile Limited (Registered number: 05971982)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49,291 63,440
49,291 63,440

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 6 45,128 52,639
Cash at bank 443,819 304,427
503,947 372,066
CREDITORS
Amounts falling due within one year 7 57,226 39,485
NET CURRENT ASSETS 446,721 332,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,012

396,021

PROVISIONS FOR LIABILITIES (12,323 ) (12,054 )

ACCRUALS AND DEFERRED INCOME (4,368 ) (4,158 )
NET ASSETS 479,321 379,809

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 479,021 379,509
SHAREHOLDERS' FUNDS 479,321 379,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Share a Smile Limited (Registered number: 05971982)

Balance Sheet - continued
31 October 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 19 December 2024 and were signed by:





Dr H Ferreira - Director


Share a Smile Limited (Registered number: 05971982)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Share a Smile Limited is a private company, limited by shares , registered in Not specified/Other. 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 of £590,000 was purchased from the company's director on 1 April 2008. Goodwill is amortised at 10% per annum using the straight line method.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

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.

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.

Share a Smile Limited (Registered number: 05971982)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 590,000
AMORTISATION
At 1 November 2023
and 31 October 2024 590,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 327,751
Disposals (47,284 )
At 31 October 2024 280,467
DEPRECIATION
At 1 November 2023 264,311
Charge for year 13,051
Eliminated on disposal (46,186 )
At 31 October 2024 231,176
NET BOOK VALUE
At 31 October 2024 49,291
At 31 October 2023 63,440

6. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Other debtors 12,616 20,127

Amounts falling due after more than one year:
Other debtors 32,512 32,512

Aggregate amounts 45,128 52,639

Share a Smile Limited (Registered number: 05971982)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 11,690 2,407
Taxation and social security 45,536 37,078
57,226 39,485

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Dr H Ferreira
Balance outstanding at start of year 43,072 45,778
Amounts advanced 2,049 10,560
Amounts repaid (10,560 ) (13,266 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,561 43,072

Interest at a rate of 2.5% per annum has been charged on the above loan, where applicable, using a methodology approved by the U.K tax authority.