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SMILE SOLUTION LIMITED - Company Information

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Smile Solution Limited

Registered Number:06897582

For the year ended 31 March 2017

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2017

Smile Solution Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2017

Smile Solution Limited

Statement of Financial Position

Registered Number :

06897582

2016

2017

Notes

Fixed assets

Intangible assets

62,595

69,550

Property, plant and equipment

96,443

59,932

Financial assets

725,318

772,352

931,390

854,800

Current assets

Inventories

60,662

61,878

Trade and other receivables

16,186

3,500

17,275

Cash and cash equivalents

65,378

94,123

Trade and other payables: amounts falling due within one

year

(272,955)

(306,411)

(178,832)

(241,033)

Net current liabilities

Total assets less current liabilities

690,357

675,968

Trade and other payables: amounts falling due after more

than one year

(672,043)

(628,627)

61,730

Net assets

3,925

Capital and reserves

Called up share capital

Retained earnings

61,727

3,922

61,730

3,925

Shareholders' funds

For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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For the year ended 31 March 2017

Smile Solution Limited

Statement of Financial Position Continued

J McGill Director

These financial statements were approved and authorised for issue by the Board on 31 October 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2017

Smile Solution Limited

Notes to the Financial Statements

Statutory Information

Smile Solution Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 06897582.

Registered address:

6 The Parade

Bristol

BS11 9TS

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 5 years.

Property, plant and equipment

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:

Inventories

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.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

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For the year ended 31 March 2017

Smile Solution Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2016

1,041,698

At 31 March 2017

1,041,698

Amortisation

At 01 April 2016

972,148

6,955

Charge for year

At 31 March 2017

979,103

Net book value

At 31 March 2017

62,595

At 31 March 2016

69,550

3. Property, plant and equipment

Plant and

machinery

Cost or

valuation

At 01 April 2016

189,095

68,658

Additions

At 31 March 2017

257,753

Provision for depreciation and impairment

At 01 April 2016

129,163

Charge for year

32,147

At 31 March 2017

161,310

At 31 March 2017

Net book value

96,443

At 31 March 2016

59,932

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For the year ended 31 March 2017

Smile Solution Limited

Notes to the Financial Statements Continued

4. Investments held as fixed assets

Loans to group and participating interests

Shares in group

and

participating

interests

Total

At 01 April 2016

725,318

415,849

309,469

Cost

47,034

Additions

At 31 March 2017

309,469

462,883

772,352

At 31 March 2017

Net book value

309,469

462,883

772,352

At 01 April 2016

725,318

309,469

415,849

5. Trade and other receivables

2016

2017

Other debtors

3,500

16,186

6. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft

93,989

90,276

Trade creditors

127,486

130,142

Taxation and social security

63,862

41,569

Other creditors

21,074

10,968

306,411

272,955

7. Trade and other payables: amounts falling due after more than one year

2016

2017

Bank loans and overdraft

602,434

672,043

Other creditors

26,193

628,627

672,043

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