IRIS Accounts Production v25.1.3.33 SC680938 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 99430 46479 162285 280000 137600 332951 74745 99430 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6809382023-06-30SC6809382024-06-30SC6809382023-07-012024-06-30SC6809382022-06-30SC6809382022-07-012023-06-30SC6809382023-06-30SC680938ns15:Scotland2023-07-012024-06-30SC680938ns14:PoundSterling2023-07-012024-06-30SC680938ns10:Director12023-07-012024-06-30SC680938ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC680938ns10:SmallEntities2023-07-012024-06-30SC680938ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC680938ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC680938ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC680938ns10:FullAccounts2023-07-012024-06-30SC68093812023-07-012024-06-30SC680938ns10:OrdinaryShareClass12023-07-012024-06-30SC680938ns10:OrdinaryShareClass22023-07-012024-06-30SC680938ns10:Director2422023-06-30SC680938ns10:Director2422022-06-30SC680938ns10:Director2422023-07-012024-06-30SC680938ns10:Director2422022-07-012023-06-30SC680938ns10:Director2422024-06-30SC680938ns10:Director2422023-06-30SC680938ns10:Director22023-07-012024-06-30SC680938ns10:RegisteredOffice2023-07-012024-06-30SC680938ns5:CurrentFinancialInstruments2024-06-30SC680938ns5:CurrentFinancialInstruments2023-06-30SC680938ns5:Non-currentFinancialInstruments2024-06-30SC680938ns5:Non-currentFinancialInstruments2023-06-30SC680938ns5:ShareCapital2024-06-30SC680938ns5:ShareCapital2023-06-30SC680938ns5:RetainedEarningsAccumulatedLosses2024-06-30SC680938ns5:RetainedEarningsAccumulatedLosses2023-06-30SC680938ns5:NetGoodwill2023-07-012024-06-30SC680938ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-30SC680938ns5:PlantMachinery2023-07-012024-06-30SC680938ns5:FurnitureFittings2023-07-012024-06-30SC680938ns5:MotorVehicles2023-07-012024-06-30SC680938ns5:ComputerEquipment2023-07-012024-06-30SC680938ns5:NetGoodwill2023-06-30SC680938ns5:NetGoodwill2024-06-30SC680938ns5:NetGoodwill2023-06-30SC680938ns5:LandBuildings2023-06-30SC680938ns5:PlantMachinery2023-06-30SC680938ns5:FurnitureFittings2023-06-30SC680938ns5:LandBuildings2023-07-012024-06-30SC680938ns5:LandBuildings2024-06-30SC680938ns5:PlantMachinery2024-06-30SC680938ns5:FurnitureFittings2024-06-30SC680938ns5:LandBuildings2023-06-30SC680938ns5:PlantMachinery2023-06-30SC680938ns5:FurnitureFittings2023-06-30SC680938ns5:MotorVehicles2023-06-30SC680938ns5:ComputerEquipment2023-06-30SC680938ns5:MotorVehicles2024-06-30SC680938ns5:ComputerEquipment2024-06-30SC680938ns5:MotorVehicles2023-06-30SC680938ns5:ComputerEquipment2023-06-30SC680938ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC680938ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30SC680938ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-30SC680938ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-30SC680938ns10:OrdinaryShareClass12024-06-30SC680938ns10:OrdinaryShareClass22024-06-30SC6809381ns10:Director12023-06-30SC6809381ns10:Director12022-06-30SC6809381ns10:Director12023-07-012024-06-30SC6809381ns10:Director12022-07-012023-06-30SC6809381ns10:Director12024-06-30SC6809381ns10:Director12023-06-30
REGISTERED NUMBER: SC680938 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Earning Smiles Ltd

Earning Smiles Ltd (Registered number: SC680938)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Earning Smiles Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Dr S S Panday
Dr D P Pathak





REGISTERED OFFICE: Cornerstone House
Station Road
Selkirk
Selkirkshire
TD7 5DJ





REGISTERED NUMBER: SC680938 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Earning Smiles Ltd (Registered number: SC680938)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 424,823 449,813
Tangible assets 5 280,925 284,166
Investment property 6 58,358 -
764,106 733,979

CURRENT ASSETS
Stocks 1,575 1,500
Debtors 7 72,627 37,893
Cash at bank and in hand 579,905 433,356
654,107 472,749
CREDITORS
Amounts falling due within one year 8 256,528 291,082
NET CURRENT ASSETS 397,579 181,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,161,685

915,646

CREDITORS
Amounts falling due after more than one year 9 (423,998 ) (452,219 )

PROVISIONS FOR LIABILITIES (37,198 ) (71,041 )
NET ASSETS 700,489 392,386

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 700,389 392,286
SHAREHOLDERS' FUNDS 700,489 392,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Earning Smiles Ltd (Registered number: SC680938)

Balance Sheet - continued
30 June 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 25 June 2025 and were signed on its behalf by:





Dr S S Panday - Director


Earning Smiles Ltd (Registered number: SC680938)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Earning Smiles Ltd is a private company, limited by shares , registered in Scotland. 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 2021, is being amortised evenly over its estimated useful life of twenty 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.
Dental equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Earning Smiles Ltd (Registered number: SC680938)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 499,792
AMORTISATION
At 1 July 2023 49,979
Amortisation for year 24,990
At 30 June 2024 74,969
NET BOOK VALUE
At 30 June 2024 424,823
At 30 June 2023 449,813

Earning Smiles Ltd (Registered number: SC680938)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Dental and
property equipment fittings
£    £    £   
COST
At 1 July 2023 130,000 158,957 30,000
Additions - 4,135 -
At 30 June 2024 130,000 163,092 30,000
DEPRECIATION
At 1 July 2023 - 27,723 8,325
Charge for year - 27,074 3,251
At 30 June 2024 - 54,797 11,576
NET BOOK VALUE
At 30 June 2024 130,000 108,295 18,424
At 30 June 2023 130,000 131,234 21,675

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 - 2,178 321,135
Additions 27,703 4,347 36,185
At 30 June 2024 27,703 6,525 357,320
DEPRECIATION
At 1 July 2023 - 921 36,969
Charge for year 6,926 2,175 39,426
At 30 June 2024 6,926 3,096 76,395
NET BOOK VALUE
At 30 June 2024 20,777 3,429 280,925
At 30 June 2023 - 1,257 284,166

Earning Smiles Ltd (Registered number: SC680938)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 58,358
At 30 June 2024 58,358
NET BOOK VALUE
At 30 June 2024 58,358

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 44,662 37,893
Other debtors 27,965 -
72,627 37,893

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 27,469 26,717
Tax 152,569 140,621
Social security and other taxes (1,973 ) 1,103
Pension costs 266 508
Credit card (187 ) 19,234
Directors' current accounts 74,745 99,430
Accrued expenses 3,639 3,469
256,528 291,082

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 2-5 years 423,998 452,219

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

Earning Smiles Ltd (Registered number: SC680938)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Dr S S Panday and Dr D P Pathak
Balance outstanding at start of year (99,430 ) (46,479 )
Amounts advanced 162,285 280,000
Amounts repaid (137,600 ) (332,951 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (74,745 ) (99,430 )

There are no specific repayment terms and no interest has been charged.