HELMSLEY SMILES LTD - Accounts

HELMSLEY SMILES LTD - Accounts

HELMSLEY SMILES LTD - Company Information

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Registered Number: 13641657
England and Wales

 

 

 

HELMSLEY SMILES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2022

End date: 31 March 2023

HELMSLEY SMILES LTD
Contents Page
For the period ended 31 March 2023
Directors Muhammad Farooq
Hassnain Hamid
Registered Number 13641657
Registered Office 46 BONDGATE
HELMSLEY YORK
YO62 5EZ
Accountants M & M Accountants
528 FOREST ROAD
LONDON
E17 4NB
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2023.
Principal activities
Principal activity of the company during the financial period continued to be operation of dental practice.
Directors
The directors who served the company throughout the period were as follows:
Muhammad Farooq
Hassnain Hamid
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Muhammad Farooq
Director

Date approved: 17 December 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
M & M Accountants
31 March 2023


M & M Accountants
528 FOREST ROAD
LONDON
E17 4NB
17 December 2023
3
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 179,178    191,433 
179,178    191,433 
Current assets      
Debtors 4 10,817    50,000 
Cash at bank and in hand 21,070    5,562 
31,887    55,562 
Creditors: amount falling due within one year 5 (191,044)   (243,424)
Net current liabilities (159,157)   (187,862)
 
Total assets less current liabilities 20,021    3,571 
Net assets 20,021    3,571 
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account 20,019    3,569 
Shareholder's funds 20,021    3,571 
 


For the period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 17 December 2023 and were signed on its behalf by:


-------------------------------
Muhammad Farooq
Director
4
General Information
HELMSLEY SMILES LTD is a private company, limited by shares, registered in England and Wales, registration number 13641657, registration address 46 BONDGATE, HELMSLEY YORK, YO62 5EZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 8 Straight Line
Plant and Machinery 5 Straight Line
Fixtures and Fittings 20 Straight Line
Computer Equipment 4 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the period was 2 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Land and Buildings   Total
  £   £   £   £   £
At 01 October 2022 73,939    90,570    2,379    32,200    199,088 
Additions -    -    -    -    - 
Disposals -    -    -    -    - 
At 31 March 2023 73,939    90,570    2,379    32,200    199,088 
Depreciation
At 01 October 2022 7,394    2,264    297    -    9,955 
Charge for period 7,394    2,264    297    -    9,955 
On disposals -    -    -    -    - 
At 31 March 2023 14,788    4,528    594    -    19,910 
Net book values
Closing balance as at 31 March 2023 59,151    86,042    1,785    32,200    179,178 
Opening balance as at 01 October 2022 66,545    88,306    2,082    34,500    191,433 

The net book value of Land and Buildings includes £ 32,200 (2022 £32,200) in respect of assets leased under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due within one year

2023
£		   2022
£
Trade Debtors 10,817    0 
Amount Owed by Group Undertakings 0    50,000 
10,817    50,000 

5.

Creditors: amount falling due within one year

2023
£		   2022
£
Trade Creditors 17,392    44,951 
Bank Loans & Overdrafts 64    337 
Amounts Owed to Group Undertakings 172,087    182,087 
Accrued Expenses 1,500    1,500 
Other Creditors 1    14,549 
191,044    243,424 

5