SMILE STYLIST (PRACTICES) LIMITED - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07284654 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

SMILE STYLIST (PRACTICES) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

Dr. S Kumar

SECRETARY:

Dr. S Kumar

REGISTERED OFFICE:

Grays Court

5 Nursery Road

Edgbaston

Birmingham

West Midlands

B15 3JX

REGISTERED NUMBER:

07284654 (England and Wales)

ACCOUNTANTS:

Godwin Harby

Grays Court

5 Nursery Road

Edgbaston

Birmingham

West Midlands

B15 3JX

FIXED ASSETS

Tangible assets

2

93,368

124,266

CURRENT ASSETS

Stocks

2,574

1,601

Debtors

259,132

170,221

Cash at bank

44,412

43,274

306,118

215,096

CREDITORS

Amounts falling due within one year

93,974

86,765

NET CURRENT ASSETS

212,144

128,331

TOTAL ASSETS LESS CURRENT LIABILITIES

305,512

252,597

CREDITORS

Amounts falling due after more than one year

11,069

32,359

NET ASSETS

294,443

220,238

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

294,442

220,237

SHAREHOLDERS' FUNDS

294,443

220,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 17 November 2014 and were signed by:

Dr. S Kumar - 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 April 2008).

Turnover

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

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

-

25% 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.

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.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

256,212

Additions

225

At 31 March 2014

256,437

DEPRECIATION

At 1 April 2013

131,946

Charge for year

31,123

At 31 March 2014

163,069

NET BOOK VALUE

At 31 March 2014

93,368

At 31 March 2013

124,266

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

Ordinary

£1

1

1

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the

year ended 31 March 2014 set out on pages three to eight and you consider that the company is exempt from

an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to

assist you to fulfil your statutory responsibilities, from the accounting records and information and

explanations supplied to us.

Godwin Harby

Grays Court

5 Nursery Road

Edgbaston

Birmingham

West Midlands

B15 3JX

Date: 17 November 2014