SMILESSENCE LTD


Director	GANGOTRA, Karen


Registered Address	83-85 Bridge Road
	East Molesey
	KT8 9HH


Registered Number	06675587 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		15,225		41,325
Tangible assets	4		178,197		182,412
			193,422		223,737
Current assets
Debtors		23,401		20,745
Cash at bank and on hand		450,879		474,379
		474,280		495,124
Creditors amounts falling due within one year	5	(338,215)		(323,534)
Net current assets (liabilities)			136,065		171,590
Total assets less current liabilities			329,487		395,327
Creditors amounts falling due after one year	6		(51,560)		(112,087)
Provisions for liabilities	7		(13,125)		(8,352)
Net assets			264,802		274,888
Capital and reserves
Called up share capital			1		1
Profit and loss account			264,801		274,887
Shareholders' funds			264,802		274,888

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 18 December 2025, and are signed on its behalf by:

GANGOTRA, Karen
Director
Registered Company No. 06675587

SMILESSENCE LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Motor Vehicles 25% straight line Leasehold land and buildings 15 years straight line Plant and machinery 25% straight line Fixtures, fittings, tools and equipment 25% straight line

Tangible fixed assets and depreciation

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Motor Vehicles	                                                    25% straight line
Leasehold land and buildings	                             15 years straight line
Plant and machinery	                                            25% straight line
Fixtures, fittings, tools and equipment	                 25% straight line

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	10		10

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	391,500	391,500
At 31 March 25	391,500	391,500
Amortisation and impairment
At 01 April 24	350,175	350,175
Charge for year	26,100	26,100
At 31 March 25	376,275	376,275
Net book value
At 31 March 25	15,225	15,225
At 31 March 24	41,325	41,325

4.	Tangible fixed assets

	Land & buildings	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	106,039	73,530	590,965	770,534
Additions	-	122,353	7,395	129,748
At 31 March 25	106,039	195,883	598,360	900,282
Depreciation and impairment
At 01 April 24	87,983	42,892	457,247	588,122
Charge for year	7,068	43,873	83,022	133,963
At 31 March 25	95,051	86,765	540,269	722,085
Net book value
At 31 March 25	10,988	109,118	58,091	178,197
At 31 March 24	18,056	30,638	133,718	182,412

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	170,299	141,844
Bank borrowings and overdrafts	5,019	5,679
Taxation and social security	39,920	32,523
Finance lease and HP contracts	62,471	53,308
Accrued liabilities and deferred income	60,506	90,180
Total	338,215	323,534

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	51,560	112,087
Total	51,560	112,087

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	13,125	8,352
Total	13,125	8,352