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REGISTERED NUMBER: 04302422 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Enlighten Smiles Limited

Enlighten Smiles Limited (Registered number: 04302422)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Enlighten Smiles Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Dr S J Patel
Dr P Fatemi-Langroudi
Dr I Rai
Dr C Tarazi





SECRETARY: Dr S J Patel





REGISTERED OFFICE: 8 Nora Leverton Court
Randolph Street
London
NW1 0TS





REGISTERED NUMBER: 04302422 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

Enlighten Smiles Limited (Registered number: 04302422)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 396,094 326,241

CURRENT ASSETS
Inventories 512,864 465,351
Debtors 5 800,895 664,058
Investments 6 2,226,634 1,858,523
Cash at bank and in hand 325,255 566,728
3,865,648 3,554,660
CREDITORS
Amounts falling due within one year 7 853,469 437,205
NET CURRENT ASSETS 3,012,179 3,117,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,408,273

3,443,696

CREDITORS
Amounts falling due after more than one
year

8

(28,731

)

(76,731

)

PROVISIONS FOR LIABILITIES 11 (99,665 ) (81,105 )
NET ASSETS 3,279,877 3,285,860

CAPITAL AND RESERVES
Called up share capital 21,053 21,053
Share premium 48,947 48,947
Revaluation reserve 12 1,521 98,145
Retained earnings 3,208,356 3,117,715
3,279,877 3,285,860

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 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.

Enlighten Smiles Limited (Registered number: 04302422)

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 Board of Directors and authorised for issue on 15 February 2025 and were signed on its behalf by:





Dr S J Patel - Director


Enlighten Smiles Limited (Registered number: 04302422)

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

1. STATUTORY INFORMATION

Enlighten Smiles 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.

There are charges registered against the Rent deposit deed & Debenture

All of the property or undertaking has been released from the charge, Wolfe Investments Limited & For debenture, Barclays Bank PLC for Fixed and floating charges over the undertaking

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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 each asset over its estimated useful life.
Web development - 33% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

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 46 (2023 - 46 ) .

Enlighten Smiles Limited (Registered number: 04302422)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Web Plant and and Computer
development machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 323,114 683,387 65,473 71,609 1,143,583
Additions 142,813 34,966 279 27,341 205,399
At 31 October 2024 465,927 718,353 65,752 98,950 1,348,982
DEPRECIATION
At 1 November 2023 241,170 467,453 46,584 62,135 817,342
Charge for year 74,170 50,180 3,833 7,363 135,546
At 31 October 2024 315,340 517,633 50,417 69,498 952,888
NET BOOK VALUE
At 31 October 2024 150,587 200,720 15,335 29,452 396,094
At 31 October 2023 81,944 215,934 18,889 9,474 326,241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 471,017 469,305
Other debtors 114,757 139,747
Tax recoverable 25,986 25,986
Prepayments 189,135 29,020
800,895 664,058

6. CURRENT ASSET INVESTMENTS
31.10.24 31.10.23
£    £   
Unlisted investments 2,226,634 1,858,523

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 62,759 48,000
Trade creditors 568,495 191,661
Social security and other taxes 58,338 54,274
VAT 75,213 139,309
Other creditors 88,664 3,961
853,469 437,205

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 2-5 years 28,731 76,731

Enlighten Smiles Limited (Registered number: 04302422)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year - 120,971
Between one and five years - 241,941
- 362,912

The above relates to the total costs the company has committed to for operating leases for the next 3 years.

10. SECURED DEBTS

The company has taken out a CBIL guarantee loan on 17th October 2020 of £240,000 backed up by the government under the Coronavirus Business Interruption Loan (CBIL) scheme The rate of interest is 3.36% per annum repaybale over 60 months with a 12 month capital repayment holiday of 12 months from the date of drawdown..

11. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 99,665 81,105

Deferred
tax
£   
Balance at 1 November 2023 81,105
Provided during year 18,560
Balance at 31 October 2024 99,665

12. RESERVES
Revaluation
reserve
£   
At 1 November 2023 98,145
Non distributable reserves (96,624 )

At 31 October 2024 1,521

13. CHARGES

There is a fixed and floating charge from Barclay Bank PLC on the property and assets of the company.