Smile Servicing & Repairs Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06784745 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

SMILE SERVICING & REPAIRS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N J Dray

Mrs J D Dray

REGISTERED OFFICE:

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

REGISTERED NUMBER:

06784745 (England and Wales)

ACCOUNTANTS:

Adams Beeny Limited

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

FIXED ASSETS

Tangible assets

4

12,190

14,371

CURRENT ASSETS

Stocks

4,750

6,200

Debtors

5

103,869

101,370

Cash at bank and in hand

50,597

26,747

159,216

134,317

CREDITORS

Amounts falling due within one year

6

109,229

102,783

NET CURRENT ASSETS

49,987

31,534

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,177

45,905

PROVISIONS FOR LIABILITIES

8

2,694

3,018

NET ASSETS

59,483

42,887

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

59,383

42,787

SHAREHOLDERS' FUNDS

13

59,483

42,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 15 September 2025 and were signed on its behalf by:

N J Dray - Director

1.	STATUTORY INFORMATION

Smile Servicing & Repairs 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

25% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

68,506

Additions

1,866

At 31 January 2025

70,372

DEPRECIATION

At 1 February 2024

54,135

Charge for year

4,047

At 31 January 2025

58,182

NET BOOK VALUE

At 31 January 2025

12,190

At 31 January 2024

14,371

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

12,654

10,155

Other debtors

91,215

103,869

101,370

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts (see note 7)

99

-

Trade creditors

46,609

36,125

Taxation and social security

42,233

37,980

Other creditors

20,288

28,678

109,229

102,783

7.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

Amounts falling due within one year or on demand:

Bank overdrafts

99

-

Other loans

13,333

23,333

13,432

23,333

8.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

Deferred tax

Accelerated capital allowances

2,694

3,018

Deferred

tax

£

Balance at 1 February 2024

3,018

Provided during year

(324

)

Balance at 31 January 2025

2,694

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

100

Ordinary

£1

100

10.

RESERVES

Retained

earnings

£

At 1 February 2024

42,787

Profit for the year

64,596

Dividends

(48,000

)

At 31 January 2025

59,383

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

N J Dray

Balance outstanding at start of year

51,215

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

51,215

Any advances are interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

The Company continues to be under the control of Mr. N. J. Dray.

During the year the company made an interest free of £40,000 loan to Hares Servicing and Repairs Ltd. This company is also under the control of Mr N. J. Dray.

The loan is repayable on demand.

13.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

31.1.25

31.1.24

£

Profit for the financial year

64,596

47,695

Dividends

(48,000

)

(48,000

)

Opening shareholders` funds

Net addition/(reduction) to shareholders' funds

16,596

(305

)

Opening shareholders' funds

42,887

43,192

Closing shareholders' funds

59,483

42,887