General Information
Everybodysmile Limited is a private company, limited by shares, registered in England and Wales, registration number 03671724, registration address 54 Cliffe High Street, Lewes, East Sussex, BN7 2AN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over years during which the company is expected to benefit.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
10% Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Intangible fixed assets
| Cost |
Research and Development |
|
Total |
| |
£ |
|
£ |
| At 01 June 2024 |
50,000 |
|
50,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 May 2025 |
50,000 |
|
50,000 |
| Net book values |
| At 31 May 2025 |
50,000 |
|
50,000 |
| At 31 May 2024 |
50,000 |
|
50,000 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 June 2024 |
28,797 |
|
2,980 |
|
31,777 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 May 2025 |
28,797 |
|
2,980 |
|
31,777 |
| Depreciation |
| At 01 June 2024 |
26,829 |
|
2,791 |
|
29,620 |
| Charge for year |
656 |
|
95 |
|
751 |
| On disposals |
- |
|
- |
|
- |
| At 31 May 2025 |
27,485 |
|
2,886 |
|
30,371 |
| Net book values |
| Closing balance as at 31 May 2025 |
1,312 |
|
94 |
|
1,406 |
| Opening balance as at 01 June 2024 |
1,968 |
|
189 |
|
2,157 |
The net book value of Fixtures and Fittings includes £ 94 (2024 £189) in respect of assets leased under finance leases or hire purchase contracts.
|
2
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