Smile Orthodontics Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10161660

Smile Orthodontics Holdings Limited

Unaudited financial statements

31 March 2025

Smile Orthodontics Holdings Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		44,139		47,753

Current assets

Stocks		19,210	20,327
Debtors	6	85,495	101,731
Cash at bank and in hand		1,161,760	925,829
		-----------	-----------
		1,266,465	1,047,887

Creditors: Amounts falling due within one year	7	( 166,738)		( 133,864)
		-----------		-----------
Net current assets			1,099,727		914,023
			-----------		---------
Total assets less current liabilities			1,143,866		961,776

Provisions

Taxation including deferred tax	( 11,035)	( 11,938)
	-----------	---------
Net assets	1,132,831	949,838
	-----------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,132,731	949,738
	-----------	---------
Shareholders funds	1,132,831	949,838
	-----------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Smile Orthodontics Holdings Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 August 2025 , and are signed on behalf of the board by:

Dr S Patel	Dr H Patel
Director	Director

Company registration number: 10161660

Smile Orthodontics Holdings Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Carlton Lodge, 18 Ipswich Road, Norwich, NR2 2LX. The trading address is Northway, Scarborough, YO12 7AF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Equipment	-	15% 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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 5 (2024: 5 ).

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 April 2024	57,636	3,616	61,252
Additions	3,594	–	3,594
	-------	------	-------
At 31 March 2025	61,230	3,616	64,846
	-------	------	-------
Depreciation
At 1 April 2024	12,496	1,003	13,499
Charge for the year	6,816	392	7,208
	-------	------	-------
At 31 March 2025	19,312	1,395	20,707
	-------	------	-------
Carrying amount
At 31 March 2025	41,918	2,221	44,139
	-------	------	-------
At 31 March 2024	45,140	2,613	47,753
	-------	------	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	73,251	97,606
Other debtors	12,244	4,125
	-------	---------
	85,495	101,731
	-------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	9,176	12,670
Social security and other taxes	65,117	51,259
Intercompany account - Smile Norwich	7,044	2,336
Other creditors	85,401	67,599
	---------	---------
	166,738	133,864
	---------	---------

8. Directors' advances, credits and guarantees

During the year, the directors operated an interest free loan account with the company. At the year end, the total balance on this account was £211 owed by the directors (2024:£49 owed to the directors).

9. Related party transactions

During the year ended 31 March 2025 the company has an interest free loan account with a company in which the partners have an interest. £100 was still outstanding as at the year ended 31 March 2025.(2024: £100)