SmileOne Care Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11858635

SmileOne Care Limited

Unaudited financial statements

31 March 2025

SmileOne Care Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	–	1,012,668
Tangible assets	6	–	25,229
Investments	7	1	1
		----	-----------
		1	1,037,898

Current assets

Stocks		–	6,000
Debtors	8	697,634	371,106
Cash at bank and in hand		63	17,979
		---------	---------
		697,697	395,085

Creditors: Amounts falling due within one year	9	( 2,451,424)		( 3,386,033)
		-----------		-----------
Net current liabilities			( 1,753,727)		( 2,990,948)
			-----------		-----------
Total assets less current liabilities			( 1,753,726)		( 1,953,050)

Provisions

Taxation including deferred tax	–	( 5,973)
	-----------	-----------
Net liabilities	( 1,753,726)	( 1,959,023)
	-----------	-----------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 1,753,727)	( 1,959,024)
	-----------	-----------
Shareholders deficit	( 1,753,726)	( 1,959,023)
	-----------	-----------

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.

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 .

SmileOne Care Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Dr R Siva
Director

Company registration number: 11858635

SmileOne Care Limited

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 5 Sandwell Crescent, London, NW6 1PB, England. The trading address is 141-145 Lupus Street, Pimlico, London, SW1V 3HD, England.

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 measured at fair value through profit or loss.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Amortisation of goodwill is estimated over 10 years. The carrying value at the year end was £NIL (2024: £1,012,668).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable 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 .

Goodwill

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.

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:

Long leasehold property	-	2% reducing balance
Plant and machinery	-	25% reducing balance
Equipment	-	25% reducing balance
Property improvements	-	2 % reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Stocks

Stocks are measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 5 (2024: 19 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024	1,711,200
Additions	–
Disposals of previously acquired businesses	( 1,711,200)
	-----------
At 31 March 2025	–
	-----------
Amortisation
At 1 April 2024	698,532
Charge for the year	–
Disposals of previously acquired businesses	( 698,532)
	-----------
At 31 March 2025	–
	-----------
Carrying amount
At 31 March 2025	–
	-----------
At 31 March 2024	1,012,668
	-----------

6. Tangible assets

	Long leasehold property	Plant and machinery	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	4,795	54,515	7,733	67,043
Additions	–	4,062	–	4,062
Disposals	( 4,795)	( 58,577)	( 7,733)	( 71,105)
	------	-------	------	-------
At 31 March 2025	–	–	–	–
	------	-------	------	-------
Depreciation
At 1 April 2024	388	36,213	5,213	41,814
Disposals	( 388)	( 36,213)	( 5,213)	( 41,814)
	------	-------	------	-------
At 31 March 2025	–	–	–	–
	------	-------	------	-------
Carrying amount
At 31 March 2025	–	–	–	–
	------	-------	------	-------
At 31 March 2024	4,407	18,302	2,520	25,229
	------	-------	------	-------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	1
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	1
	----
At 31 March 2024	1
	----

8. Debtors

	2025	2024
	£	£
Trade debtors	–	27,518
Other debtors	697,634	343,588
	---------	---------
	697,634	371,106
	---------	---------

9. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	966,881
Trade creditors	–	58,650
Social security and other taxes	–	32,543
Other creditors	2,451,424	2,327,959
	-----------	-----------
	2,451,424	3,386,033
	-----------	-----------

10. Related party transactions

SmileOne Limited is a related party due to the fact that they are the sole shareholder and holding company of SmileOne Care Limited . The balance payable to SmileOne Limited from SmileOne Care Limited at the year end is £2,329,924 (2024: £2,318,027). SmileOne (Albion) Limited is a related party due to the fact that their sole shareholder is SmileOne Limited. The balance payable from SmileOne (Albion) Limited to SmileOne Care Limited at the year end is £697,634 (2024: £288,473).