2015-04-01
true
false
Private Limited Company
06897582
2016-03-31
06897582
2015-04-01
2016-03-31
06897582
2015-03-31
06897582
2014-04-01
2015-03-31
06897582
uk-bus:Director1
2015-04-01
2016-03-31
06897582
uk-gaap:AfterOneYear
2015-03-31
06897582
uk-bus:OrdinaryShareClass1
2016-03-31
iso4217:GBP
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06897582
2
Smile Solution Limited
For the year ended 31 March 2016
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Smile Solution Limited
2016
2015
2
69,550
211,943
3
59,932
70,093
-
725,318
4
854,800
282,036
60,656
60,662
12,686
16,186
17,275
19,034
94,123
92,376
| Creditors: amounts falling due within one year |
(223,561)
(272,955)
(131,185)
(178,832)
Net current liabilities
| Total assets less current liabilities |
675,968
150,851
| Creditors: amounts falling due after more than one year |
5
(80,358)
(672,043)
3,925
Net assets
70,493
3
6
3
3,922
70,490
3,925
70,493
Shareholders funds
| For the year ended 31 March 2016 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 year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 23 November 2016 |
| Signed on behalf of the board of directors |
1 of 4
4
| Notes to the Abbreviated Financial Statements |
Smile Solution Limited
For the year ended 31 March 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| The company is a parent company subject to the small companies' regime. The company and its subsidiary comprise |
| a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies |
| Act 2006 not to prepare group accounts. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 5 years. |
| 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:Plant&Machinery 25% reducing balance. |
| 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. |
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Smile Solution Limited
For the year ended 31 March 2016
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
1,041,698
1,041,698
829,755
142,393
Charge for year
972,148
69,550
211,943
181,733
7,362
189,095
111,640
17,523
Charge for year
129,163
59,932
70,093
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Smile Solution Limited
For the year ended 31 March 2016
| 4 Fixed asset investments |
725,318
725,318
725,318
-
2015
2016
| 5 Creditors due after more than one year |
672,043
76,900
| Allotted called up and fully paid |
2016
2015
| 3 Ordinary shares of £1.00 each |
3
3
3
3
4 of 4
