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Company Registration No. 08745997 (England and Wales)
The Smile Gallery Limited Unaudited accounts for the year ended 31 March 2025
The Smile Gallery Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
The Smile Gallery Limited Company Information for the year ended 31 March 2025
Directors
Aakrati Nehra Dr Rahul Nehra
Company Number
08745997 (England and Wales)
- 3 -
The Smile Gallery Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
318,232
309,329
Current assets
Inventories
28,621
35,840
Debtors
6
15,000
20,732
Cash at bank and in hand
368,289
255,801
411,910
312,373
Creditors: amounts falling due within one year
7
(186,112)
(174,137)
Net current assets
225,798
138,236
Total assets less current liabilities
544,030
447,565
Creditors: amounts falling due after more than one year
8
(68,206)
(118,996)
Provisions for liabilities
Deferred tax
(46,977)
(46,977)
Net assets
428,847
281,592
Capital and reserves
Called up share capital
3
3
Profit and loss account
428,844
281,589
Shareholders' funds
428,847
281,592
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2025 and were signed on its behalf by
Dr Rahul Nehra Director Company Registration No. 08745997
- 4 -
The Smile Gallery Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
The Smile Gallery Limited is a private company, limited by shares, registered in England and Wales, registration number 08745997.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
206,723
At 31 March 2025
206,723
Amortisation
At 1 April 2024
206,723
At 31 March 2025
206,723
Net book value
At 31 March 2025
-
- 5 -
The Smile Gallery Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
107,509
333,842
57,221
41,965
-
540,537
Additions
88,276
2,114
-
-
1,386
91,776
At 31 March 2025
195,785
335,956
57,221
41,965
1,386
632,313
Depreciation
At 1 April 2024
8,956
192,204
12,207
17,841
-
231,208
Charge for the year
18,560
47,281
12,207
4,825
-
82,873
At 31 March 2025
27,516
239,485
24,414
22,666
-
314,081
Net book value
At 31 March 2025
168,269
96,471
32,807
19,299
1,386
318,232
At 31 March 2024
98,553
141,638
45,014
24,124
-
309,329
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
-
5,732
Other debtors
15,000
15,000
15,000
20,732
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
155,501
71,103
Trade creditors
-
(17)
Taxes and social security
52,011
26,786
Other creditors
22,623
16,930
Loans from directors
(44,023)
58,825
Accruals
-
510
186,112
174,137
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
68,206
-
Other creditors
-
118,996
68,206
118,996
9
Loans to directors
The director currently owes £44,022 to the company. They have begun repaying the amount and Payments will continue until October 2025.
- 6 -
The Smile Gallery Limited Notes to the Accounts for the year ended 31 March 2025
10
Average number of employees
During the year the average number of employees was 20 (2024: 12).
- 7 -