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Registered number: 12693239
Mysweetsmile Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Thomas & Co International Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12693239
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,076 108,296
10,076 108,296
CURRENT ASSETS
Stocks 5 807,218 592,637
Debtors 6 368,540 276,978
Cash at bank and in hand 614,167 1,404,572
1,789,925 2,274,187
Creditors: Amounts Falling Due Within One Year 7 (365,183 ) (795,369 )
NET CURRENT ASSETS (LIABILITIES) 1,424,742 1,478,818
TOTAL ASSETS LESS CURRENT LIABILITIES 1,434,818 1,587,114
NET ASSETS 1,434,818 1,587,114
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 1,434,817 1,587,113
SHAREHOLDERS' FUNDS 1,434,818 1,587,114
Page 1
Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Shayan Sharifi
Director
10/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mysweetsmile Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12693239 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles Straight Line over a Useful life of 10 years
Fixtures & Fittings 50% Straight Line
Computer Equipment 50% Straight Line
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2024 107,570 133 12,085 119,788
Additions - 107 5,062 5,169
Disposals (107,570 ) - - (107,570 )
As at 30 June 2025 - 240 17,147 17,387
Depreciation
As at 1 July 2024 6,275 39 5,178 11,492
Provided during the period - 57 2,037 2,094
Disposals (6,275 ) - - (6,275 )
As at 30 June 2025 - 96 7,215 7,311
Net Book Value
As at 30 June 2025 - 144 9,932 10,076
As at 1 July 2024 101,295 94 6,907 108,296
5. Stocks
2025 2024
£ £
Stock 336,889 103,800
Payments on account 470,329 488,837
807,218 592,637
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 59,197 234,385
Prepayments and accrued income 15,433 40,956
Other debtors 74,002 -
Director's loan account 211,233 1,637
359,865 276,978
Due after more than one year
Other debtors 8,675 -
368,540 276,978
Other debtors includes the provision of the receipt of proceeds from the disposal of the Telsa in the year. It is probable that this will be received within the next financial year.
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 166,322 99,999
Corporation tax 61,038 282,452
Other taxes and social security 292 -
VAT 114,864 389,739
Net wages 336 3,998
Other creditors 22,331 11,072
Accruals and deferred income - 8,109
365,183 795,369
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2024 Amounts advanced Amounts repaid Amounts written off As at 30 June 2025
£ £ £ £ £
Mr Shayan Sharifi 1,637 451,524 (241,928 ) - 211,233
The loan above has been repaid within 9 months of the year end and interest has been charged at the HMRC applicable rate. 
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