Acorah Software Products - Accounts Production 16.7.461 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07560726 Dr A Jain Dr N Jain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07560726 2024-03-31 07560726 2025-03-31 07560726 2024-04-01 2025-03-31 07560726 frs-core:CurrentFinancialInstruments 2025-03-31 07560726 frs-core:Non-currentFinancialInstruments 2025-03-31 07560726 frs-core:BetweenOneFiveYears 2025-03-31 07560726 frs-core:ComputerEquipment 2025-03-31 07560726 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07560726 frs-core:ComputerEquipment 2024-03-31 07560726 frs-core:FurnitureFittings 2025-03-31 07560726 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07560726 frs-core:FurnitureFittings 2024-03-31 07560726 frs-core:NetGoodwill 2025-03-31 07560726 frs-core:NetGoodwill 2024-04-01 2025-03-31 07560726 frs-core:NetGoodwill 2024-03-31 07560726 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 07560726 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07560726 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07560726 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 07560726 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07560726 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07560726 frs-core:PlantMachinery 2025-03-31 07560726 frs-core:PlantMachinery 2024-04-01 2025-03-31 07560726 frs-core:PlantMachinery 2024-03-31 07560726 frs-core:WithinOneYear 2025-03-31 07560726 frs-core:ShareCapital 2025-03-31 07560726 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07560726 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07560726 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07560726 frs-bus:SmallEntities 2024-04-01 2025-03-31 07560726 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07560726 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07560726 frs-core:CostValuation 2024-03-31 07560726 frs-core:CostValuation 2025-03-31 07560726 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 07560726 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 07560726 frs-bus:Director1 2024-04-01 2025-03-31 07560726 frs-bus:Director2 2024-04-01 2025-03-31 07560726 frs-core:CurrentFinancialInstruments 2 2025-03-31 07560726 frs-countries:EnglandWales 2024-04-01 2025-03-31 07560726 2023-03-31 07560726 2024-03-31 07560726 2023-04-01 2024-03-31 07560726 frs-core:CurrentFinancialInstruments 2024-03-31 07560726 frs-core:Non-currentFinancialInstruments 2024-03-31 07560726 frs-core:BetweenOneFiveYears 2024-03-31 07560726 frs-core:WithinOneYear 2024-03-31 07560726 frs-core:ShareCapital 2024-03-31 07560726 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07560726 frs-core:CurrentFinancialInstruments 2 2024-03-31 07560726 frs-core:CurrentFinancialInstruments 3 2024-03-31
Registered number: 07560726
Smile Arts Studio Pvt Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Strategic Partnership
Smile Arts Studio Pvt Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—7

Page 1
Smile Arts Studio Pvt Ltd
Statement of Financial Position
As At 31 March 2025
Statement of Financial Position
Registered number: 07560726

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 1,746,013 |  | 1,814,797
Investments | 6 |  | 474,643 |  | 474,643
|  |  | 2,220,656 |  | 2,289,440
CURRENT ASSETS
Debtors | 7 | 100,444 |  | 50,174 |
Cash at bank and in hand |  | 15,690 |  | 30,011 |
|  | 116,134 |  | 80,185 |
Creditors: Amounts Falling Due Within One Year | 8 | (863,511 ) |  | (889,492 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (747,377 ) |  | (809,307 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,473,279 |  | 1,480,133
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (1,360,283 ) |  | (1,407,518 )
NET ASSETS |  |  | 112,996 |  | 72,615
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100 |  | 100
Income Statement |  |  | 112,896 |  | 72,515
SHAREHOLDERS' FUNDS |  |  | 112,996 |  | 72,615

Page 1
Page 2
Smile Arts Studio Pvt Ltd
Statement of Financial Position (continued)
As At 31 March 2025
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Dr A Jain Director
3 December 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Smile Arts Studio Pvt Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Smile Arts Studio Pvt Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07560726 . The registered office is 4 Augustus Close, Stanmore, Middlesex, HA7 4PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of ten years.
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
2.5. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold | 2% Straight Line
Improvements | Straight line over 20 years
Plant & Machinery | 20% Straight Line
Fixtures & Fittings | 20% Straight Line
Computer Equipment | 20% Straight Line

Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Page 3
Page 4
Smile Arts Studio Pvt Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.9. 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 liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.11. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of £12,500.02 during the year ended 31 March 2025. This is reported the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months and greater than 12 months.
2.12. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.13. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 12)
9 12
Page 4
Page 5
Smile Arts Studio Pvt Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 April 2024 | 275,800
As at 31 March 2025 | 275,800
Amortisation
As at 1 April 2024 | 275,800
As at 31 March 2025 | 275,800
Net Book Value
As at 31 March 2025 | -
As at 1 April 2024 | -

5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Improvements | Plant & Machinery | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 April 2024 | 1,631,469 | 189,849 | 252,865 | 5,648
Additions | - | - | 4,444 | -
As at 31 March 2025 | 1,631,469 | 189,849 | 257,309 | 5,648
Depreciation
As at 1 April 2024 | 35,999 | 23,790 | 201,496 | 4,131
Provided during the period | 32,629 | 9,493 | 30,417 | 1,129
As at 31 March 2025 | 68,628 | 33,283 | 231,913 | 5,260
Net Book Value
As at 31 March 2025 | 1,562,841 | 156,566 | 25,396 | 388
As at 1 April 2024 | 1,595,470 | 166,059 | 51,369 | 1,517

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 April 2024 | 2,959 | 2,082,790
Additions | 2,114 | 6,558
As at 31 March 2025 | 5,073 | 2,089,348
Depreciation
As at 1 April 2024 | 2,577 | 267,993
Provided during the period | 1,674 | 75,342
As at 31 March 2025 | 4,251 | 343,335

...CONTINUED
Page 5
Page 6
Smile Arts Studio Pvt Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025 | 822 | 1,746,013
As at 1 April 2024 | 382 | 1,814,797

6. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | 474,643
As at 31 March 2025 | 474,643
Provision
As at 1 April 2024 | -
As at 31 March 2025 | -
Net Book Value
As at 31 March 2025 | 474,643
As at 1 April 2024 | 474,643

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | - |  | 7,500
Other debtors | 12,000 |  | 12,000
Deferred tax current asset | - |  | 1,263
Other taxes and social security | 2,177 |  | -
Amounts owed by group undertakings | 86,267 |  | 29,411
| 100,444 |  | 50,174

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 14,152 |  | 18,004
Bank loans and overdrafts | 151,834 |  | 116,040
Other taxes and social security | - |  | 2,962
Net wages | 359 |  | -
Pensions payable | 739 |  | 697
Credit card | - |  | 12,989
Accruals and deferred income | - |  | 1,799
Directors' loan accounts | 443,041 |  | 370,324
Amounts owed to group undertakings | 253,386 |  | 366,677
| 863,511 |  | 889,492

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Page 7
Smile Arts Studio Pvt Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 19,218 |  | 28,006
Bank loans | 1,341,065 |  | 1,379,512
| 1,360,283 |  | 1,407,518

10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 14,152 |  | 18,004
Later than one year and not later than five years | 19,218 |  | 28,006
| 33,370 |  | 46,010
| 33,370 |  | 46,010

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

The nominal value per share is £1 and there are 100 Ordinary Shares in issue.
12. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | - |  | 10,567

13. Related Party Transactions
The amount owed by Ikigai Dental Limited, a company related via common control and directorship, totalled £86,267 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed to Luminous Private Limited, a company related via common control and directorship, totalled £15,948 as at the year-end, which is a current liability, interest free and repayable on demand.
The amount owed to Andover Dental Practice Ltd, a company related via common control and directorship, totalled £237,437 as at the year-end, which is a current liability, interest free and repayable on demand.
The Director's loan account balance of Dr A Jain of £443,041 as at the year- end, is a current liability, interest free and repayable on demand.
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