SMILES DENTAL CARE LIMITED

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 5187146

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		97,500		117,000
Tangible Assets	5		32,217		20,295

			129,717		137,295
CURRENT ASSETS
Debtors	6	62,866		64,374
Cash at bank and in hand		1,578,119		1,219,337

		1,640,985		1,283,711
Creditors: Amounts Falling Due Within One Year	7	(300,066 )		(106,523 )

NET CURRENT ASSETS (LIABILITIES)			1,340,919		1,177,188

TOTAL ASSETS LESS CURRENT LIABILITIES			1,470,636		1,314,483

NET ASSETS			1,470,636		1,314,483

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			1,470,536		1,314,383

SHAREHOLDERS' FUNDS			1,470,636		1,314,483

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.

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 A Haria

Director

22/12/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

SMILES DENTAL CARE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 5187146 . The registered office is 5 The Broadway, Winchmore Hill Road, Southgate, London, N14 6PH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and any refunds.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. 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:

Plant & Machinery	20% per annum
Fixtures & Fittings	20% per annum

2.5. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current periods.

2.6. Pensions

Contributions to defined pension contribution plans are expensed in the period to which they relate.

2.7. Debtors

Short term debtors are measured at invoice price. Loans and athoer financial assets are initially recognised at cost less any impairment losses for bad and doubtful debts.

2.8. Creditors

Short term creditors are measured at invoice price.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	390,000

As at 31 March 2025	390,000

Amortisation
As at 1 April 2024	273,000
Provided during the period	19,500

As at 31 March 2025	292,500

Net Book Value
As at 31 March 2025	97,500

As at 1 April 2024	117,000

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SMILES DENTAL CARE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	56,041	24,795	80,836
Additions	19,976	-	19,976

As at 31 March 2025	76,017	24,795	100,812

Depreciation
As at 1 April 2024	37,063	23,478	60,541
Provided during the period	7,791	263	8,054

As at 31 March 2025	44,854	23,741	68,595

Net Book Value
As at 31 March 2025	31,163	1,054	32,217

As at 1 April 2024	18,978	1,317	20,295

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,878	9,436
Other debtors	54,988	54,938

	62,866	64,374

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,609	7,200
Corporation tax	72,910	68,138
Other creditors	27,867	30,505
Director's loan account	186,680	680

	300,066	106,523

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Directors Advances, Credits and Guarantees

Dividends totalling £55,000 (2024 - £110,000) were paid in the year in respect of shares held by the company's shareholders of which £30,250 (2024 - £60,500) related to the Director's shareholding.

10. Post Balance Sheet Events

After the year end there was a group re-organisation which resulted in a new holding company, AX4 Holdings Ltd, taking over ownership of Smiles Dental Care Limited.

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SMILES DENTAL CARE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Related Party Transactions

During the year ended 31 March 2025, Smile Dental Care Limited owed £186,680 (2024 - £680) to its Director. This amount is reflected in the Other creditors under Creditors amounts falling due within one year. The Director has agreed to provide this loan on an interest free basis and the loan is repayable on demand.

During the year ended 31 March 2025, Smiles Dental Care Limited lent £48,000 (2024 - £48,000) to Arak Property Investments Ltd, a company in which the Director has an interest.The amount is reflected in the Other debtors. The loan is on an interest free basis and repayable on demand.

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