Registration number: 04591672

Smiles R Us Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Smiles R Us Ltd

Company Information

Director

Mr John Becker-le-Cerf

Registered office

8 Downall Green Road Ashton in Makerfield Wigan WN4 0DH

Accountants

Davidson Stant Limited The Glen Knutsford Old Road Stockton Heath Warrington Cheshire WA4 2LD

Smiles R Us Ltd

(Registration number: 04591672)
Balance Sheet as at 30 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,184,047	2,190,312
Current assets
Debtors	5	5,937	109,418
Cash at bank and in hand		6,677,426	6,670,758
		6,683,363	6,780,176
Creditors: Amounts falling due within one year	6	(68,233)	(263,280)
Net current assets		6,615,130	6,516,896
Net assets		8,799,177	8,707,208
Capital and reserves
Called up share capital	7	2	2
Retained earnings		8,799,175	8,707,206
Shareholders' funds		8,799,177	8,707,208

For the financial year ending 30 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 December 2025
 

.........................................

Mr John Becker-le-Cerf

Director

Smiles R Us Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & machinery	10% straight line
Fixtures & fittings	25% reducing balance
Freehold land & buildings	Between market value and 10% reducing balance

Smiles R Us Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 8).

Smiles R Us Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

3	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 31 March 2024	468,000	468,000
At 30 March 2025	468,000	468,000
Amortisation
At 31 March 2024	468,000	468,000
At 30 March 2025	468,000	468,000
Carrying amount
At 30 March 2025	-	-

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 31 March 2024	2,119,469	268,916	107,081	2,495,466
Additions	-	9,080	9,000	18,080
At 30 March 2025	2,119,469	277,996	116,081	2,513,546
Depreciation
At 31 March 2024	41,037	188,629	75,488	305,154
Charge for the year	2,412	17,874	4,059	24,345
At 30 March 2025	43,449	206,503	79,547	329,499
Carrying amount
At 30 March 2025	2,076,020	71,493	36,534	2,184,047
At 30 March 2024	2,078,432	80,287	31,593	2,190,312

Included within the net book value of land and buildings above is £2,076,020 (2024 - £2,078,432) in respect of freehold land and buildings.
 

5

Debtors

Smiles R Us Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Current	2025 £	2024 £
Trade debtors	-	104,100
Prepayments	5,937	5,318
	5,937	109,418

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	38,305	233,367
Accruals and deferred income	20,906	13,689
Other creditors	9,022	16,224
	68,233	263,280

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	2	2	2	2

8

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £8,895.00 (2024 - £11,075.00) per each Ordinary share		17,790		22,150

9	Related party transactions

Smiles R Us Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	6,252	6,396
Contributions paid to money purchase schemes	9,763	11,269
	16,015	17,665