LETS SMILE LIMITED - Abbreviated accounts 16.1

LETS SMILE LIMITED - Abbreviated accounts 16.1

LETS SMILE LIMITED - Company Information

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REGISTERED NUMBER: 08204483 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

LETS SMILE LIMITED

LETS SMILE LIMITED (Registered number: 08204483)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2015




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

LETS SMILE LIMITED

Company Information
for the Year Ended 30 September 2015







DIRECTORS: M Whelan
J M Whelan





SECRETARY: J M Whelan





REGISTERED OFFICE: Third Floor, Scottish Mutual House
27-29 North Street
Hornchurch
Essex
RM11 1RS





REGISTERED NUMBER: 08204483 (England and Wales)





ACCOUNTANTS: Havard & Associates
Third Floor, Scottish Mutual House
27-29 North Street
Hornchurch
Essex
RM11 1RS
Page 1
LETS SMILE LIMITED (Registered number: 08204483)

Abbreviated Balance Sheet
30 September 2015

30.9.15 30.9.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 354,325 383,852
Tangible assets 3 293,795 308,584
648,120 692,436

CURRENT ASSETS
Debtors 226,336 137,220

CREDITORS
Amounts falling due within one year 177,927 150,570
NET CURRENT ASSETS/(LIABILITIES) 48,409 (13,350 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
696,529
679,086

CREDITORS
Amounts falling due after more than one
year
616,904
661,305
NET ASSETS 79,625 17,781

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 79,623 17,779
SHAREHOLDERS' FUNDS 79,625 17,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
LETS SMILE LIMITED (Registered number: 08204483)

Abbreviated Balance Sheet - continued
30 September 2015


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 Board of Directors on 30 June 2016 and were signed on its behalf by:





J M Whelan - Director


The notes form part of these abbreviated accounts

Page 3
LETS SMILE LIMITED (Registered number: 08204483)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2015

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 sales of goods, excluding value added tax.

Goodwill
Goodwill of £442,906 was purchased from an unrelated third party on completion of sale on 3 March 2013.
Goodwill is being amortised over fifteen years on a straight line basis..

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

Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014
and 30 September 2015 442,906
AMORTISATION
At 1 October 2014 59,054
Amortisation for year 29,527
At 30 September 2015 88,581
NET BOOK VALUE

At 30 September 2015 354,325
At 30 September 2014 383,852

Page 4 continued...
LETS SMILE LIMITED (Registered number: 08204483)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 367,584
Additions 8,659
At 30 September 2015 376,243
DEPRECIATION
At 1 October 2014 59,000
Charge for year 23,448
At 30 September 2015 82,448
NET BOOK VALUE
At 30 September 2015 293,795
At 30 September 2014 308,584

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.15 30.9.14
value: £    £   
2 Share capital 1 £1 2 2

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance at the start of the year of Mr M Whelan loan was £57,327 , £2075 was repaid during the year
leaving an advance of £55,252 and this was outstanding at the year end.The balance at the start of the year for
Mrs J M Whelan loan was £63,407, there was a advance of £89,196, during the year leaving a balance of
£152,603 outstanding at the year end. Both the loans were unsecured and interest charged at 3.25% per annum
pro rata

Page 5