Smile Care Cippenham Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08040614 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Smile Care Cippenham Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr J S Dhariwal

REGISTERED OFFICE:

24 High Street

Slough

Berkshire

SL1 1EQ

REGISTERED NUMBER:

08040614 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

85,353

105,394

85,353

105,394

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

316,342

255,499

Cash at bank and in hand

122,570

31,374

441,912

289,873

CREDITORS

Amounts falling due within one year

7

213,435

230,265

NET CURRENT ASSETS

228,477

59,608

TOTAL ASSETS LESS CURRENT LIABILITIES

313,830

165,002

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

313,829

165,001

SHAREHOLDERS' FUNDS

313,830

165,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 17 December 2019 and were signed by:

Dr J S Dhariwal - Director

1.	STATUTORY INFORMATION

Smile Care Cippenham 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.

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.

Turnover

Turnover is recognised as services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

135,000

AMORTISATION

At 1 April 2018

and 31 March 2019

135,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2018

126,608

27,590

5,157

5,167

164,522

Additions

-

1,343

-

-

1,343

At 31 March 2019

126,608

28,933

5,157

5,167

165,865

DEPRECIATION

At 1 April 2018

45,389

6,574

2,278

4,887

59,128

Charge for year

16,244

4,472

575

93

21,384

At 31 March 2019

61,633

11,046

2,853

4,980

80,512

NET BOOK VALUE

At 31 March 2019

64,975

17,887

2,304

187

85,353

At 31 March 2018

81,219

21,016

2,879

280

105,394

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

14,837

16,851

Amounts owed by group undertakings

280,614

224,826

Other debtors

7,853

10,201

Deferred tax asset

3,621

3,621

Prepayments

9,417

-

316,342

255,499

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

18,317

18,367

Amounts owed to group undertakings

156,446

181,234

Social security and other taxes

1,994

2,862

Other creditors

35,478

26,602

Accruals and deferred income

1,200

1,200

213,435

230,265

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

1

Ordinary

£1

1

1

9.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had financial commitments in the form of operating leases, with

future payments expected to be £289,833 (2018 £313,333).

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Smile Care Twyford Limited

Smile Care Holdings Limited owns 50% of the ordinary shares in Smile Care Twyford Limited

There is 100% ownership between this company and Smile Care Holdings Limited.

The totals held at the balance sheet date are:

31.3.19

31.3.18

£

£

Smile Care Twyford Limited

(9,984

)

(9,984

)

The loan is interest free, unsecured and repayable upon demand.