Registered number
08133214
FREUDIAN SMILE LTD
Filleted Accounts
31 July 2024
FREUDIAN SMILE LTD
Registered number: 08133214
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,669 2,366
Investments 4 76,020 76,020
78,689 78,386
Current assets
Debtors 5 190,695 143,482
Cash at bank and in hand 63,647 32,072
254,342 175,554
Creditors: amounts falling due within one year 6 (58,799) (76,323)
Net current assets 195,543 99,231
Total assets less current liabilities 274,232 177,617
Creditors: amounts falling due after more than one year 7 (57,583) (60,951)
Net assets 216,649 116,666
Capital and reserves
Called up share capital 100 100
Profit and loss account 216,549 116,566
Shareholders' funds 216,649 116,666
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr. Piyush Satyawadi
Director
Approved by the board on 16 April 2025
FREUDIAN SMILE LTD
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25%@Reducing Balance basis.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 8,961
Additions 1,192
At 31 July 2024 10,153
Depreciation
At 1 August 2023 6,595
Charge for the year 889
At 31 July 2024 7,484
Net book value
At 31 July 2024 2,669
At 31 July 2023 2,366
4 Investments
Other
investments
£
Cost
At 1 August 2023 76,020
At 31 July 2024 76,020
5 Debtors 2024 2023
£ £
Trade debtors 11,452 11,452
Amounts owed by group undertakings and undertakings in which the company has a participating interest 70,096 70,096
Other debtors 109,147 61,934
190,695 143,482
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,007 7,140
Trade creditors 2,160 1,800
Taxation and social security costs 46,485 37,472
Other creditors 1,147 29,911
58,799 76,323
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 57,583 60,951
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 70,539 70,539
[The bank loans are covered by fixed and floating charges]
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr. Tina Kumar
[Interest Free Loan] (27,927) 72,985 (23,010) 22,048
Dr. Piyush Satyawadi
[Interest Free Loan] 61,934 67,185 (42,020) 87,099
34,007 140,170 (65,030) 109,147
10 Related party transactions
Related Party Transactions - Loan to common control company £70096
11 Controlling party
The directors have overall control of the company by virtue of majority share holding.
12 Other information
FREUDIAN SMILE LTD is a private company limited by shares and incorporated in England. Its registered office is:
20 Ashbourne Way
Waverley
Rotherham
S60 8AD
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