Company registration number 05535928 (England and Wales)
THE SMILE CLINIC (COLCHESTER) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
THE SMILE CLINIC (COLCHESTER) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
THE SMILE CLINIC (COLCHESTER) LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
196,852
247,656
Current assets
Stocks
10,000
90,000
Debtors
5
1,225,049
1,301,807
Cash at bank and in hand
1,167,823
804,233
2,402,872
2,196,040
Creditors: amounts falling due within one year
6
(435,056)
(429,422)
Net current assets
1,967,816
1,766,618
Total assets less current liabilities
2,164,668
2,014,274
Creditors: amounts falling due after more than one year
7
(103,838)
(159,388)
Provisions for liabilities
(45,510)
(60,451)
Net assets
2,015,320
1,794,435
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
2,015,318
1,794,433
Total equity
2,015,320
1,794,435
THE SMILE CLINIC (COLCHESTER) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 March 2026 and are signed on its behalf by:
R Prashar
Director
Company registration number 05535928 (England and Wales)
THE SMILE CLINIC (COLCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

The Smile Clinic (Colchester) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 39 St. Botolphs Street, Colchester, Essex, United Kingdom, CO2 7EA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue represents the total invoice value, excluding value added tax, of sales made during the period.

1.3
Intangible fixed assets - goodwill

Goodwill represents the difference between amounts paid on the acquisition of a business and the fair value of the separable net asset, It is amortised to profit and loss account over its estimated economic life of 3 years.

1.4
Intangible fixed assets other than goodwill

Other intangible fixed assets are website development costs, these are amortised to profit and loss account over the estimated economic life of three years.

Spare Asset 1
3 Years straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
25% Reducing Balance
Plant and equipment
25% Reducing Balance
Fixtures and fittings
25% Reducing Balance
Computers
25% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

THE SMILE CLINIC (COLCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

THE SMILE CLINIC (COLCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
11
3
Intangible fixed assets
Goodwill
Spare Asset 1
Total
£
£
£
Cost
At 1 July 2024 and 30 June 2025
900,000
4,512
904,512
Amortisation and impairment
At 1 July 2024 and 30 June 2025
900,000
4,512
904,512
Carrying amount
At 30 June 2025
-
0
-
0
-
0
At 30 June 2024
-
0
-
0
-
0
THE SMILE CLINIC (COLCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2024
158,674
851,404
1,010,078
Additions
-
0
14,814
14,814
At 30 June 2025
158,674
866,218
1,024,892
Depreciation and impairment
At 1 July 2024
146,475
615,947
762,422
Depreciation charged in the year
3,050
62,568
65,618
At 30 June 2025
149,525
678,515
828,040
Carrying amount
At 30 June 2025
9,149
187,703
196,852
At 30 June 2024
12,199
235,457
247,656
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,873
62,435
Corporation tax recoverable
302,740
302,740
Other debtors
918,436
936,632
1,225,049
1,301,807
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
(1,058)
101,402
Corporation tax
118,916
172,444
Other taxation and social security
4,043
2,335
Other creditors
313,155
153,241
435,056
429,422
THE SMILE CLINIC (COLCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
56,667
96,667
Other creditors
47,171
62,721
103,838
159,388
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