Smile Care Twyford Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08040584 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Smile Care Twyford Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr J S Dhariwal

J I Desai

REGISTERED OFFICE:

Walnut Tree House Court Lane

Burnham

Slough

Buckinghamshire

SL1 8DN

REGISTERED NUMBER:

08040584 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

32,858

20,338

32,858

20,338

CURRENT ASSETS

Stocks

1,223

8,000

Debtors

6

182,432

33,666

Cash at bank

820,789

836,921

1,004,444

878,587

CREDITORS

Amounts falling due within one year

7

730,102

661,418

NET CURRENT ASSETS

274,342

217,169

TOTAL ASSETS LESS CURRENT LIABILITIES

307,200

237,507

PROVISIONS FOR LIABILITIES

6,243

3,864

NET ASSETS

300,957

233,643

CAPITAL AND RESERVES

Called up share capital

8

4

4

Retained earnings

300,953

233,639

SHAREHOLDERS' FUNDS

300,957

233,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 31 March 2023 and were signed on its behalf by:

Dr J S Dhariwal - Director

J I Desai - Director

1.	STATUTORY INFORMATION

Smile Care Twyford 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 recognised as services are provided.

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 cost

Plant and machinery

-

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 13 (2021 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

545,000

AMORTISATION

At 1 April 2021

and 31 March 2022

545,000

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2021

5,117

32,376

-

11,130

48,623

Additions

-

17,010

1,740

917

19,667

At 31 March 2022

5,117

49,386

1,740

12,047

68,290

DEPRECIATION

At 1 April 2021

5,117

15,778

-

7,390

28,285

Charge for year

-

5,245

116

1,786

7,147

At 31 March 2022

5,117

21,023

116

9,176

35,432

NET BOOK VALUE

At 31 March 2022

-

28,363

1,624

2,871

32,858

At 31 March 2021

-

16,598

-

3,740

20,338

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

47,478

23,415

Amounts owed by group undertakings

131,087

-

Other debtors

2,465

10,251

Related party loans

1,064

-

Prepayments

338

-

182,432

33,666

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

67,134

53,207

Amounts owed to group undertakings

319,707

319,707

Tax

41,534

(219

)

Social security and other taxes

4,409

3,331

Other creditors

16,932

8,809

Directors' current accounts

260,662

260,487

Accruals and deferred income

19,724

16,096

730,102

661,418

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

2

Ordinary A

£1

2

2

2

Ordinary B

£1

2

2

4

4

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 £20,000 (2021 - £20,060).

10.	RELATED PARTY DISCLOSURES

In accordance with FRS 102, s1AC.35, the following are the categories and transactions conducted with, and balances owing to/from, related parties, where those transactions are both material and not conducted under normal market conditions.

Balances reported here are limited to those with related parties that hold a participating interest in the company, related parties in which the company holds a participating interest, and transactions with directors.

Companies which hold a beneficial interest

Loans owing to related party £319,707 (2021 - £319,707)

Companies owned by a company which holds a beneficial interest

Loans owing from related party £131,088 (2021 - £nil)

Unless otherwise noted, any outstanding balances outstanding are interest free, unsecured and repayable on demand.

Any necessary information to further explain a transaction is detailed here.