Statutory Information
NATUREL SMILES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11746939, registration address 10 Hillside House, Top Park, Gerrards Cross, Buckinghamshire, SL9 7PW, England.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:| Office Equipment | 25% Reducing Balance |
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
|
| 2. |
Tangible fixed assets
| Cost or Valuation |
|
Freehold property |
|
Land and Buildings |
|
Office Equipment |
|
Total |
| |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 February 2024 |
|
1,602,063 |
|
- |
|
8,973 |
|
1,611,036 |
| Additions |
|
- |
|
93,710 |
|
- |
|
93,710 |
| At 31 January 2025 |
|
1,602,063 |
|
93,710 |
|
8,973 |
|
1,704,746 |
| Depreciation |
| At 01 February 2024 |
|
- |
|
- |
|
3,693 |
|
3,693 |
| Charge for year |
|
- |
|
- |
|
1,320 |
|
1,320 |
| At 31 January 2025 |
|
- |
|
- |
|
5,013 |
|
5,013 |
| Net book values |
| Closing balance as at 31 January 2025 |
|
1,602,063 |
|
93,710 |
|
3,960 |
|
1,699,733 |
| Opening balance as at 01 February 2024 |
|
1,602,063 |
|
- |
|
5,280 |
|
1,607,343 |
|
| 3. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Loan_SIPP |
6,997 |
|
- |
|
6,997 |
|
- |
|
| 4. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Accrued expenses |
3,727 |
|
3,727 |
| Loan from Creating Smiles Ltd |
1,031,381 |
|
989,981 |
| Directors' current account |
731,702 |
|
609,702 |
| Corporation tax |
- |
|
453 |
|
1,766,810 |
|
1,603,863 |
|
| 5. |
Profit and loss account
| |
2025
£ |
| Balance at 01 February 2024 |
8,849 |
| Loss for the year |
(46,733) |
| Balance at 31 January 2025 |
(37,884) |
|
| 6. |
Average number of employees
Average number of employees during the year was 0 (2024: 0).
|
2
|