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

REGISTERED NUMBER: 08093748 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Smile Care Plymouth Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr J S Dhariwal

REGISTERED OFFICE:

24 High Street

Slough

Berkshire

SL1 1EQ

REGISTERED NUMBER:

08093748 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

68,748

67,068

CURRENT ASSETS

Stocks

5,400

5,400

Debtors

5

169,870

140,664

Cash at bank and in hand

43,734

54,509

219,004

200,573

CREDITORS

Amounts falling due within one year

6

419,723

377,361

NET CURRENT LIABILITIES

(200,719

)

(176,788

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(131,971

)

(109,720

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(131,972

)

(109,721

)

SHAREHOLDERS' FUNDS

(131,971

)

(109,720

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 25 February 2021 and were signed by:

Dr J S Dhariwal - Director

1.	STATUTORY INFORMATION

Smile Care Plymouth 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.

As at the year end, the Company had net liabilities. The Company continues to trade with the support of the Group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised as services are provided.

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

-

15% 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 9 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2019

87,967

28,641

2,167

11,175

129,950

Additions

-

16,723

227

-

16,950

At 31 March 2020

87,967

45,364

2,394

11,175

146,900

DEPRECIATION

At 1 April 2019

41,714

10,128

1,078

9,962

62,882

Charge for year

8,579

5,677

179

835

15,270

At 31 March 2020

50,293

15,805

1,257

10,797

78,152

NET BOOK VALUE

At 31 March 2020

37,674

29,559

1,137

378

68,748

At 31 March 2019

46,253

18,513

1,089

1,213

67,068

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

2,929

927

Amounts owed by group undertakings

117,329

137,059

Other debtors

8,734

2,678

Prepayments

40,878

-

169,870

140,664

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

19,560

10,256

Amounts owed to group undertakings

369,553

234,312

Social security and other taxes

1,955

1,126

Other creditors

26,555

24,681

Accruals and deferred income

2,100

106,986

419,723

377,361

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

1

Ordinary

£1

1

1

8.	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 £124,070 (2019 - £132,770).

9.	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:

31.3.20

31.3.19

£

£

Smile Care Twyford Limited

30,000

30,000

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