Keep Smiling UK Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06464871 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 January 2016

for

Keep Smiling UK Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Dr P Mendoza Paton

REGISTERED OFFICE:

88 Boundary Road

Hove

East Sussex

BN3 7GA

REGISTERED NUMBER:

06464871 (England and Wales)

ACCOUNTANTS:

Clamp Boxall Ltd

88 Boundary Road

Hove

East Sussex

BN3 7GA

FIXED ASSETS

Intangible assets

2

5,000

7,500

Tangible assets

3

27,285

33,241

32,285

40,741

CURRENT ASSETS

Stocks

75

150

Debtors

14,215

14,326

Cash at bank

28,666

23,958

42,956

38,434

CREDITORS

Amounts falling due within one year

53,893

55,830

NET CURRENT LIABILITIES

(10,937

)

(17,396

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,348

23,345

CREDITORS

Amounts falling due after more than one year

(11,729

)

(20,769

)

PROVISIONS FOR LIABILITIES

(1,600

)

(1,879

)

NET ASSETS

8,019

697

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

7,919

597

SHAREHOLDERS' FUNDS

8,019

697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 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 director on 24 October 2016 and were signed by:

Dr P Mendoza Paton - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

25,000

AMORTISATION

At 1 February 2015

17,500

Amortisation for year

2,500

At 31 January 2016

20,000

NET BOOK VALUE

At 31 January 2016

5,000

At 31 January 2015

7,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

84,784

Additions

360

At 31 January 2016

85,144

DEPRECIATION

At 1 February 2015

51,543

Charge for year

6,316

At 31 January 2016

57,859

NET BOOK VALUE

At 31 January 2016

27,285

At 31 January 2015

33,241

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

£

100

Ordinary

£1

100

100