Smile Care South Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12189958 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2020 to 31 March 2021

for

Smile Care South Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr J S Dhariwal

Healthcare Holdco Ltd

REGISTERED OFFICE:

24 High Street

Berkshire

SL1 13Q

REGISTERED NUMBER:

12189958 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

14,616

-

CURRENT ASSETS

Stocks

1,600

-

Debtors

5

412,659

1

414,259

1

CREDITORS

Amounts falling due within one year

6

278,295

-

NET CURRENT ASSETS

135,964

1

TOTAL ASSETS LESS CURRENT LIABILITIES

150,580

1

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

150,579

-

SHAREHOLDERS' FUNDS

150,580

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 December 2021 and were signed on its behalf by:

Dr J S Dhariwal - Director

1.	STATUTORY INFORMATION

Smile Care South Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 period 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 period 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.

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 period was 6 (2020 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

Additions

6,898

7,703

1,639

16,240

At 31 March 2021

6,898

7,703

1,639

16,240

DEPRECIATION

Charge for period

690

770

164

1,624

At 31 March 2021

690

770

164

1,624

NET BOOK VALUE

At 31 March 2021

6,208

6,933

1,475

14,616

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

30.9.20

£

Trade debtors

25,874

-

Amounts owed by group undertakings

214,861

-

Other debtors

1,893

-

Related party loans

170,000

-

Deferred tax asset

Accelerated capital allowances

31

-

Called up share capital not paid

-

1

412,659

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

30.9.20

£

Trade creditors

26,931

-

Tax

31,953

-

Social security and other taxes

1,295

-

Other creditors

14,965

-

Accrued expenses

203,151

-

278,295

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

30.9.20

value:

£

1

Ordinary

£1

1

8.	RELATED PARTY DISCLOSURES

In accordance with FRS 102, section 1A point 35, the following section details the transactions/balances which are the aggregate figures form the following relationships:

1. Owners holding a participating interest in the small entity

2. Companies in which the small entity itself has a participating interest

3. The small entity's directors

Balances excluded include:

a. Transactions/balances between two or more members of a group, where each subsidiary is wholly owned by such a member.

Note - these balances are reported as "Amounts owing to group undertakings" in the notes to the financial statements, under the note for Debtors, and the note for Creditors (where relevant)

b. Transactions/balances with the director(s), as these are normal market conditions for owner-managed companies of this size and nature.

c. Other transactions/balances not required by FRS 102 section 1A, with related parties under common control with the director.

Note - these balances are reported as "Related party loan" in the notes to the financial statements, under the note for Debtors, and the note for Creditors (where relevant)

Balances outstanding

The following include loans with entities within the group that are not connected via a 100% ownership.

The totals held at the balance sheet date are:

31.3.21

30.9.20

Balances owing to/(from):

£

No reportable balances

-

Any loans are interest free, unsecured and repayable upon demand.

Smile Care South Limited - Accounts to registrar (filleted) - small 18.2

Smile Care South Limited - Accounts to registrar (filleted) - small 18.2