REGISTERED NUMBER: 12738296 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SMILE ROOMS MK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr H S Nathwani

REGISTERED OFFICE:

Verdant Greenwood Road

Tilehurst

Reading

RG30 4JG

REGISTERED NUMBER:

12738296 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

40 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

4

249,267

223,281

CURRENT ASSETS

Debtors

5

735,667

322,663

Cash at bank and in hand

7,175

5,926

742,842

328,589

CREDITORS

Amounts falling due within one year

6

710,886

485,041

NET CURRENT ASSETS/(LIABILITIES)

31,956

(156,452

)

TOTAL ASSETS LESS CURRENT LIABILITIES

281,223

66,829

PROVISIONS FOR LIABILITIES

39,000

46,000

NET ASSETS

242,223

20,829

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

242,222

20,828

SHAREHOLDERS' FUNDS

242,223

20,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2025 and were signed by:

Dr H S Nathwani - Director

1.	STATUTORY INFORMATION

Smile Rooms Mk Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements are prepared on a going concern basis, as the director will continue to support the company for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over period of lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Cash and cash equivalent

Cash and cash equivalent include cash in hand and deposits held at call with bank.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

49,969

151,330

132,836

8,518

342,653

Additions

59,920

-

-

939

60,859

At 31 March 2025

109,889

151,330

132,836

9,457

403,512

DEPRECIATION

At 1 April 2024

9,396

54,495

52,468

3,013

119,372

Charge for year

7,326

14,525

12,055

967

34,873

At 31 March 2025

16,722

69,020

64,523

3,980

154,245

NET BOOK VALUE

At 31 March 2025

93,167

82,310

68,313

5,477

249,267

At 31 March 2024

40,573

96,835

80,368

5,505

223,281

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

664,371

259,374

Directors' current accounts

47,958

46,722

Other taxation

15,670

15,253

Prepayments and accrued income

7,668

1,314

735,667

322,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1

-

Tax

43,753

-

Other taxation

417

348

Social security and other taxes

11,409

5,558

Other creditors

588,888

360,716

Accruals and deferred income

66,418

118,419

710,886

485,041

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

8.	OTHER FINANCIAL COMMITMENTS

At the period end, the company had total commitments under operating leases over the remaining life of those leases of approximately £934,500 (2024: £342,500).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Dr H S Nathwani

Balance outstanding at start of year

46,722

45,692

Amounts advanced

1,236

1,030

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,958

46,722

Interest is charged on the advances at the official rate.