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

COMPANY REGISTRATION NUMBER: 08258627

SD Smile Ltd

Unaudited financial statements

31 March 2025

SD Smile Ltd

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		1,019,964		1,020,620

Current assets

Stocks		8,099	6,750
Debtors	7	2,258,763	2,105,250
Cash at bank and in hand		80,440	170,480
		-----------	-----------
		2,347,302	2,282,480

Creditors: Amounts falling due within one year	8	( 265,642)		( 405,735)
		-----------		-----------
Net current assets			2,081,660		1,876,745
			-----------		-----------
Total assets less current liabilities			3,101,624		2,897,365

Creditors: Amounts falling due after more than one year	9	( 400,499)	( 426,686)
		-----------	-----------
Net assets		2,701,125	2,470,679
		-----------	-----------

Capital and reserves

Called up share capital	200	200
Profit and loss account	2,700,925	2,470,479
	-----------	-----------
Shareholders funds	2,701,125	2,470,679
	-----------	-----------

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 statement of income and retained earnings 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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SD Smile Ltd

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Dr S Balachandran	Dr D Chellappah
Director	Director

Company registration number: 08258627

SD Smile 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 Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE.

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.

Judgements and key sources of estimation uncertainty

No significant judgements, estimations and uncertainties have arisen in the preparation of the financial statements

Revenue recognition

Turnover is measured at the fair value of the consideration received or receiveable for goods supplied and services rendered

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.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

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	-	15% reducing balance

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.

4. Employee numbers

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

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	251,320
	---------
Amortisation
At 1 April 2024 and 31 March 2025	251,320
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

6. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,016,249	4,790	1,021,039
	-----------	------	-----------
Depreciation
At 1 April 2024	–	419	419
Charge for the year	–	656	656
	-----------	------	-----------
At 31 March 2025	–	1,075	1,075
	-----------	------	-----------
Carrying amount
At 31 March 2025	1,016,249	3,715	1,019,964
	-----------	------	-----------
At 31 March 2024	1,016,249	4,371	1,020,620
	-----------	------	-----------

Tangible assets held at valuation

The directors have considered the carrying value of the freehold property and deem this to be materially the same as the market value.

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	885,694	600,711
Other debtors	1,373,069	1,504,539
	-----------	-----------
	2,258,763	2,105,250
	-----------	-----------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans	29,000	30,000
Trade creditors	22,857	17,061
Social security and other taxes	209,585	355,914
Other creditors	4,200	2,760
	---------	---------
	265,642	405,735
	---------	---------

Bank loans are personally guaranteed by the directors.

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

	2025	2024
	£	£
Bank loans	400,499	426,686
	---------	---------

Bank loans are personally guaranteed by the directors.

10. Directors' advances, credits and guarantees

During the period, the directors and Family Dental Care, a partnership business which is controlled by the directors, operated a loan with the company at HM Revenue & Customs approved interest rates. The balance owed to the company as at 31 March 2025 was £1,162,637 (2024: 1,263,674). This is a combination of the amounts due from the directors and Family Dental Care to the company. As at the period end date, £885,694 (2024: £600,711) was due from SD Smile Properties Limited, a subsidiary company. This amount is included within other debtors.