REGISTERED NUMBER: SC510801 (Scotland)

Unaudited Financial Statements

for the Period 1 August 2024 to 31 March 2025

for

Smiles@Legacy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A F M Britton

R L MacDonald

REGISTERED OFFICE:

309 Springfield Road

Glasgow

G40 3LJ

REGISTERED NUMBER:

SC510801 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Tangible assets

3

110,273

126,387

CURRENT ASSETS

Debtors

4

85,677

37,618

Cash at bank and in hand

37,696

45,184

123,373

82,802

CREDITORS

Amounts falling due within one year

5

87,674

64,556

NET CURRENT ASSETS

35,699

18,246

TOTAL ASSETS LESS CURRENT LIABILITIES

145,972

144,633

CREDITORS

Amounts falling due after more than one year

6

-

9,167

NET ASSETS

145,972

135,466

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

145,968

135,462

145,972

135,466

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

R L MacDonald - Director

1.	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.

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.

Improvements to property

-

8% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2024 - 6 ) .

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

107,139

100,968

17,124

19,967

245,198

Disposals

-

-

(2,902

)

(3,602

)

(6,504

)

At 31 March 2025

107,139

100,968

14,222

16,365

238,694

DEPRECIATION

At 1 August 2024

44,801

57,635

4,180

12,195

118,811

Charge for period

5,714

5,776

1,726

1,048

14,264

Eliminated on disposal

-

-

(1,816

)

(2,838

)

(4,654

)

At 31 March 2025

50,515

63,411

4,090

10,405

128,421

NET BOOK VALUE

At 31 March 2025

56,624

37,557

10,132

5,960

110,273

At 31 July 2024

62,338

43,333

12,944

7,772

126,387

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.7.24

£

£

Trade debtors

63,281

36,479

Other debtors

20,000

100

Prepayments and accrued income

2,396

1,039

85,677

37,618

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.7.24

£

£

Bank loans and overdrafts (see note 7)

-

10,000

Trade creditors

6,052

4,766

Tax

55,599

25,293

Social security and other taxes

1,631

1,137

Directors' current accounts

-

1,668

Accrued expenses

24,392

21,692

87,674

64,556

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.7.24

£

£

Bank loans (see note 7)

-

9,167

7.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.7.24

£

£

Amounts falling due within one year or on demand:

Bank loans

-

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

9,167