Smiles Unlimited Dorset Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12230708 (England and Wales)

SMILES UNLIMITED DORSET LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Dr S Sah

Dr A Sharma

REGISTERED OFFICE:

24 Landgate

Landgate Chambers

Rye

East Sussex

TN31 7LJ

REGISTERED NUMBER:

12230708 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

FIXED ASSETS

Intangible assets

4

236,989

251,352

Tangible assets

5

202,157

242,689

439,146

494,041

CURRENT ASSETS

Debtors

6

255,965

164,868

Cash at bank and in hand

54,524

293,277

310,489

458,145

CREDITORS

Amounts falling due within one year

7

257,898

298,338

NET CURRENT ASSETS

52,591

159,807

TOTAL ASSETS LESS CURRENT
LIABILITIES

491,737

653,848

CREDITORS

Amounts falling due after more than
one year

8

(271,790

)

(304,404

)

PROVISIONS FOR LIABILITIES

(50,540

)

(60,673

)

NET ASSETS

169,407

288,771

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

169,307

288,671

SHAREHOLDERS' FUNDS

169,407

288,771

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 3 December 2025 and were signed on its behalf by:

Dr S Sah - Director

Dr A Sharma - Director

1.	STATUTORY INFORMATION

Smiles Unlimited Dorset 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.

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 from dentistry.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS

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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 14 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

287,260

AMORTISATION

At 1 April 2024

35,908

Charge for year

14,363

At 31 March 2025

50,271

NET BOOK VALUE

At 31 March 2025

236,989

At 31 March 2024

251,352

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

221,556

123,670

2,111

347,337

Additions

13,493

-

1,998

15,491

At 31 March 2025

235,049

123,670

4,109

362,828

DEPRECIATION

At 1 April 2024

67,502

36,159

987

104,648

Charge for year

30,811

21,878

3,334

56,023

At 31 March 2025

98,313

58,037

4,321

160,671

NET BOOK VALUE

At 31 March 2025

136,736

65,633

(212

)

202,157

At 31 March 2024

154,054

87,511

1,124

242,689

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

255,965

164,868

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

70,673

18,634

Hire purchase contracts

15,889

Trade creditors

43,220

170,459

Taxation and social security

36,046

76,364

Other creditors

92,070

16,992

257,898

298,338

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

215,943

232,668

Hire purchase contracts

55,847

71,736

271,790

304,404

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

136,171

152,896

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

1

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Dr S Sah

Balance outstanding at start of year

(2,479

)

-

Amounts advanced

149,639

-

Amounts repaid

(90,000

)

(2,479

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

57,160

(2,479

)

Dr A Sharma

Balance outstanding at start of year

(2,479

)

-

Amounts advanced

149,639

-

Amounts repaid

(90,000

)

(2,479

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

57,160

(2,479

)

The directors loan accounts above were repaid on 6 April 2025.

11.	RELATED PARTY DISCLOSURES

In other debtors is an amount of £161,380 owed by Smiles Unlimited Investments Ltd. Both directors are also directors of this company.