Smile Publications Limited - Filleted accounts

Smile Publications Limited
Registered number:		13264619
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		23,137			18,917
Investments	4		2			2
			23,139			18,919

Current assets
Work in Progress		38,100			33,960
Debtors	5	101,178			99,286
Cash at bank and in hand		54,367			40,826
		193,645			174,072

Creditors: amounts falling due within one year	6	(79,111)			(51,817)

Net current assets			114,534			122,255

Net assets			137,673			141,174

Capital and reserves
Called up share capital			200			200
Share premium			44,950			44,950
Profit and loss account			92,523			96,024

Shareholders' funds			137,673			141,174

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.




J. Crathern (Mrs)
Director
Approved by the board on 3 October 2025

Smile Publications Limited
Notes to the Accounts
for the year ended 31 March 2025


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	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		25		25


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				18,917
	Additions				4,220
	At 31 March 2025				23,137

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				23,137
	At 31 March 2024				18,917


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024				2

	At 31 March 2025				2






5	Debtors		2025		2024
£				£

	Trade debtors		69,060		68,510
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		12,118		10,776
	Other debtors		20,000		20,000
			101,178		99,286


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		26,235		-
	Taxation and social security costs		36,235		33,550
	Other creditors		16,641		18,267
			79,111		51,817


7	Other information

	Smile Publications Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3 Wheelwrights Yard
	The Street
	Hatfield Peverel
	CM3 2EA