SMILE BY DESIGN (SHEFFIELD) LIMITED


Directors	Dr Jonathan O'Dwyer
	Dr David Tinsley


Registered Address	Chesterfield Orthodontics
	South Place
	Chesterfield
	S40 1SZ


Registered Number	15905174 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025
		£	£
Fixed assets
Intangible assets	3		960
Tangible assets	4		16,796
			17,756
Current assets
Debtors	6	4,551
Cash at bank and on hand		18,970
		23,521
Creditors amounts falling due within one year	7	(39,447)
Net current assets (liabilities)			(15,926)
Total assets less current liabilities			1,830
Net assets			1,830
Capital and reserves
Called up share capital			100
Profit and loss account			1,730
Shareholders' funds			1,830

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 August 2025, and are signed on its behalf by:

Dr David Tinsley
Director

Dr Jonathan O'Dwyer
Director

Registered Company No. 15905174

SMILE BY DESIGN (SHEFFIELD) LIMITED

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

	Basis of preparation
	The financial statements have been prepared on the historical cost basis.

	Functional and presentation currency
	The financial statements are presented in sterling, which is the functional currency of the entity.

	Going concern
	The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine.  All these matters have impacted the company's trading results to a greater or lesser extent.  At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

	Turnover policy
	The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year end date is recognised by reference to the state of completion.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.

	Intangible assets
	Intangible assets are stated at cost less any accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

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

	Stocks and work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.

2.	Average number of employees


		2025
	Average number of employees during the year	14

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	960	960
At 31 March 25	960	960
Net book value
At 31 March 25	960	960
At 18 August 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
Additions	4,066	12,730	16,796
At 31 March 25	4,066	12,730	16,796
Net book value
At 31 March 25	4,066	12,730	16,796
At 18 August 24	-	-	-

5.	Stocks

6.	Debtors: amounts due within one year

		2025
		£
	Trade debtors / trade receivables	4,451
	Amounts owed by group undertakings	100
	Total	4,551

7.	Creditors: amounts due within one year

		2025
		£
	Amounts owed to related parties	35,633
	Accrued liabilities and deferred income	3,814
	Total	39,447

8.	Provisions for liabilities