London Smiling Limited - Limited company - abbreviated - 11.6

London Smiling Limited - Limited company - abbreviated - 11.6

LONDON SMILING LIMITED - Company Information

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REGISTERED NUMBER: 07392101 (England and Wales)

















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

LONDON SMILING LIMITED

LONDON SMILING LIMITED (REGISTERED NUMBER: 07392101)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LONDON SMILING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2014







DIRECTOR: Dr U O Okoye





SECRETARY: Dr C N Ngwaba





REGISTERED OFFICE: 75 Gloucester Road
Kensington
London
SW7 4SS





REGISTERED NUMBER: 07392101 (England and Wales)





ACCOUNTANTS: Cresswells
Barclays Bank Chambers
Market Street
Hebden Bridge
West Yorkshire
HX7 6AD
Page 1
LONDON SMILING LIMITED (REGISTERED NUMBER: 07392101)

ABBREVIATED BALANCE SHEET
30 JUNE 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 658,000 752,000
Tangible assets 3 39,724 48,432
697,724 800,432

CURRENT ASSETS
Debtors 3,386 2,689
Investments 277,158 277,158
Cash at bank and in hand 33,425 2,273
313,969 282,120
CREDITORS
Amounts falling due within one year 233,217 230,116
NET CURRENT ASSETS 80,752 52,004
TOTAL ASSETS LESS CURRENT
LIABILITIES
778,476
852,436

CREDITORS
Amounts falling due after more than
one year
416,000
566,000
NET ASSETS 362,476 286,436

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 362,376 286,336
SHAREHOLDERS' FUNDS 362,476 286,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 27 March 2015 and were signed by:



Dr U O Okoye - Director


The notes form part of these abbreviated accounts

Page 2
LONDON SMILING LIMITED (REGISTERED NUMBER: 07392101)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sale of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line
basis over the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013
and 30 June 2014 940,000
AMORTISATION
At 1 July 2013 188,000
Amortisation for year 94,000
At 30 June 2014 282,000
NET BOOK VALUE

At 30 June 2014 658,000
At 30 June 2013 752,000

Page 3 continued...
LONDON SMILING LIMITED (REGISTERED NUMBER: 07392101)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013 86,043
Additions 3,720
At 30 June 2014 89,763
DEPRECIATION
At 1 July 2013 37,611
Charge for year 12,428
At 30 June 2014 50,039
NET BOOK VALUE
At 30 June 2014 39,724
At 30 June 2013 48,432

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

Page 4