Registration number: 14425481

Pro Smile Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Pro Smile Limited

Company Information

Directors

Mr S D Perry Mr J F Perry

Registered office

45 Rosaville Road London SW6 7BN

Accountants

Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

Pro Smile Limited

(Registration number: 14425481)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	23,853	770
Tangible assets	5	21,671	28,894
		45,524	29,664
Current assets
Stocks	6	55,108	76,863
Debtors	7	1,623	1,079
Cash at bank and in hand		72,983	56,158
		129,714	134,100
Creditors: Amounts falling due within one year	8	(191,963)	(187,048)
Net current liabilities		(62,249)	(52,948)
Total assets less current liabilities		(16,725)	(23,284)
Creditors: Amounts falling due after more than one year	8	(600,439)	(400,000)
Net liabilities		(617,164)	(423,284)
Capital and reserves
Called up share capital		100	100
Retained earnings		(617,264)	(423,384)
Shareholders' deficit		(617,164)	(423,284)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2026 and signed on its behalf by:
 

Pro Smile Limited

(Registration number: 14425481)
Balance Sheet as at 31 October 2025

......................................... Mr J F Perry Director

Pro Smile Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
45 Rosaville Road
London
SW6 7BN
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have acknowledged the negative reserves at the balance sheet date and pledged to conitnue to support the company so it can meet its obligations as they arise. Therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Pro Smile Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line basis
Office equipment	20% straight line basis

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patents and trademarks	5% straight line basis
Website	20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Pro Smile Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Pro Smile Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

Pro Smile Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Intangible assets

	Website  £	Trademarks  £	Total £
Cost or valuation
At 1 November 2024	-	770	770
Additions acquired separately	28,903	-	28,903
At 31 October 2025	28,903	770	29,673
Amortisation
Amortisation charge	5,781	39	5,820
At 31 October 2025	5,781	39	5,820
Carrying amount
At 31 October 2025	23,122	731	23,853
At 31 October 2024	-	770	770

5	Tangible assets

	Furniture, fittings and equipment  £	Office equipment £	Total £
Cost or valuation
At 1 November 2024	3,598	32,520	36,118
At 31 October 2025	3,598	32,520	36,118
Depreciation
At 1 November 2024	720	6,504	7,224
Charge for the year	719	6,504	7,223
At 31 October 2025	1,439	13,008	14,447
Carrying amount
At 31 October 2025	2,159	19,512	21,671
At 31 October 2024	2,878	26,016	28,894

6

Stocks

	2025 £	2024 £
Other stocks	55,108	76,863

Pro Smile Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7

Debtors

	2025 £	2024 £
Other debtors	-	1,079
Prepayments and accrued income	1,623	-
Total current trade and other debtors	1,623	1,079

8

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	131	1,707
Trade creditors		15,986	18,895
Taxation and social security		5,942	1,901
Other creditors		165,219	159,860
Accrued expenses		4,685	4,685
		191,963	187,048

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	600,439	400,000

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	131	1,707

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	600,439	400,000