Smile and Facial Aesthetics Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 8509555

Smile and Facial Aesthetics Ltd

Unaudited financial statements

31 March 2025

Smile and Facial Aesthetics Ltd

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		45,552		55,203

Current assets

Stocks		10,500	9,750
Debtors	7	1,661,357	1,810,717
Cash at bank and in hand		293,765	21,151
		-----------	-----------
		1,965,622	1,841,618

Creditors: Amounts falling due within one year	8	( 169,511)		( 248,284)
		-----------		-----------
Net current assets			1,796,111		1,593,334
			-----------		-----------
Total assets less current liabilities			1,841,663		1,648,537

Creditors: Amounts falling due after more than one year	9	( 180,833)	( 200,511)
		-----------	-----------
Net assets		1,660,830	1,448,026
		-----------	-----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,660,730	1,447,926
	-----------	-----------
Shareholders funds	1,660,830	1,448,026
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Dr S Koshy
Director

Company registration number: 8509555

Smile and Facial Aesthetics Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 - 15 Oxford Street, Newmarket, Suffolk, CB8 7EW.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Office equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

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

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 6 (2024: 7 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	339,816
	---------
Amortisation
At 1 April 2024 and 31 March 2025	339,816
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	205,779	12,259	30,953	248,991
Additions	3,573	–	1,855	5,428
	---------	-------	-------	---------
At 31 March 2025	209,352	12,259	32,808	254,419
	---------	-------	-------	---------
Depreciation
At 1 April 2024	173,841	1,721	18,226	193,788
Charge for the year	8,870	2,633	3,576	15,079
	---------	-------	-------	---------
At 31 March 2025	182,711	4,354	21,802	208,867
	---------	-------	-------	---------
Carrying amount
At 31 March 2025	26,641	7,905	11,006	45,552
	---------	-------	-------	---------
At 31 March 2024	31,938	10,538	12,727	55,203
	---------	-------	-------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	3,132	5,532
Other debtors	1,658,225	1,805,185
	-----------	-----------
	1,661,357	1,810,717
	-----------	-----------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	36,431	36,490
Social security and other taxes	122,150	201,293
Other creditors	10,930	10,501
	---------	---------
	169,511	248,284
	---------	---------

The bank loan is personally guaranteed by Dr S Koshy and Mr B Philip.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	180,833	200,511
	---------	---------

The bank loan is personally guaranteed by Dr S Koshy and Mr B Philip. Included within creditors: amounts falling due after more than five years is an amount of £131,592 (2024: £143,396).

10. Director's advances, credits and guarantees

During the year, the directors operated a loan account with the company. At the year end, the total balance on this account was £278,356 owed by the directors, and is included in other debtors (2024: £464,921 owed by the directors).

11. Related party transactions

During the year the company loaned money to Ezra Properties Limited. At the year end the company has a balance owed from Ezra Properties Limited of £1,225,325 (2024: £1,185,720). Ezra Properties Limited is a related party due to the fact the directors Dr S Koshy and Dr B Philips are director/company secretary and majority shareholders of this company.