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REGISTERED NUMBER: 04877579 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Southern Smiles Limited

Southern Smiles Limited (Registered number: 04877579)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southern Smiles Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D J Bevan
Mrs L Bevan





REGISTERED OFFICE: 10, Viking Way
Rowbarrow
Salisbury
Wiltshire
SP2 8TA





REGISTERED NUMBER: 04877579 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Southern Smiles Limited (Registered number: 04877579)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 78,768 47,974
78,768 47,974

CURRENT ASSETS
Stocks 20,179 26,954
Debtors 6 48,556 47,559
Prepayments and accrued income 4,604 2,718
Cash at bank and in hand 421,556 376,698
494,895 453,929
CREDITORS
Amounts falling due within one year 7 56,916 41,632
NET CURRENT ASSETS 437,979 412,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,747

460,271

PROVISIONS FOR LIABILITIES 5,590 7,088
NET ASSETS 511,157 453,183

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 511,155 453,181
511,157 453,183

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

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

Southern Smiles Limited (Registered number: 04877579)

Balance Sheet - continued
31 August 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 13 May 2025 and were signed on its behalf by:




D J Bevan - Director



Mrs L Bevan - Director


Southern Smiles Limited (Registered number: 04877579)

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

1. STATUTORY INFORMATION

Southern 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.

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 2003, is being amortised evenly over its estimated useful life of ten years.

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 cost, 25% on reducing balance and 15% 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.

Southern Smiles Limited (Registered number: 04877579)

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

2. ACCOUNTING POLICIES - continued

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.

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 15 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 44,000
AMORTISATION
At 1 September 2023
and 31 August 2024 44,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 7,715 247,407 255,122
Additions - 47,572 47,572
Disposals - (30,144 ) (30,144 )
At 31 August 2024 7,715 264,835 272,550
DEPRECIATION
At 1 September 2023 - 207,148 207,148
Charge for year - 11,315 11,315
Eliminated on disposal - (24,681 ) (24,681 )
At 31 August 2024 - 193,782 193,782
NET BOOK VALUE
At 31 August 2024 7,715 71,053 78,768
At 31 August 2023 7,715 40,259 47,974

Southern Smiles Limited (Registered number: 04877579)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 48,556 47,559

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 9,422 8,580
Taxation and social security 45,342 30,937
Other creditors 2,152 2,115
56,916 41,632

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 22,500 22,500
Between one and five years 15,750 38,250
38,250 60,750