Smile Solution Limited,Ltd - AccountsLtd - Accounts

SMILE SOLUTION LIMITED - Company Information

2017-04-01 06897582 2018-03-31 06897582 2017-04-01 2018-03-31 06897582 2017-03-31 06897582 2016-04-01 2017-03-31 06897582 uk-core:WithinOneYear 2017-03-31 06897582 uk-core:WithinOneYear 2018-03-31 06897582 uk-core:AfterOneYear 2017-03-31 06897582 uk-core:AfterOneYear 2018-03-31 06897582 uk-core:ShareCapital 2018-03-31 06897582 uk-core:ShareCapital 2017-03-31 06897582 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 06897582 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 06897582 uk-bus:Director1 2017-04-01 2018-03-31 06897582 uk-core:NetGoodwill 2017-04-01 2018-03-31 06897582 uk-core:Goodwill 2017-03-31 06897582 uk-core:Goodwill 2018-03-31 06897582 uk-core:Goodwill 2017-04-01 2018-03-31 06897582 uk-core:CostValuation 2017-03-31 06897582 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2017-03-31 06897582 uk-core:AdditionsToInvestments 2018-03-31 06897582 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2018-03-31 06897582 uk-core:DisposalsRepaymentsInvestments 2018-03-31 06897582 uk-core:DisposalsRepaymentsInvestments uk-core:Non-currentFinancialInstruments 2018-03-31 06897582 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2018-03-31 06897582 uk-core:CostValuation 2018-03-31 06897582 uk-core:Non-currentFinancialInstruments 2018-03-31 06897582 uk-core:Non-currentFinancialInstruments 2017-03-31 06897582 uk-core:WithinOneYear 2018-03-31 06897582 uk-core:WithinOneYear 2017-03-31 06897582 uk-core:AfterOneYear uk-core:Secured 2018-03-31 06897582 uk-core:AfterOneYear uk-core:Secured 2017-03-31 iso4217:GBP 06897582 uk-bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 06897582 uk-bus:FRS102 2017-04-01 2018-03-31 06897582 uk-bus:FullAccounts 2017-04-01 2018-03-31 06897582 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31

Smile Solution Limited

Registered Number:06897582

For the year ended 31 March 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2018

Smile Solution Limited

Contents Page

Statement of Financial Position

2 to 6

Notes to the Financial Statements

As at 31 March 2018

Smile Solution Limited

Statement of Financial Position

Registered Number :

06897582

2017

2018

Notes

Fixed assets

Intangible assets

55,640

62,595

Property, plant and equipment

97,379

96,443

Financial assets

772,352

750,740

903,759

931,390

Current assets

Inventories

61,878

77,942

Trade and other receivables

3,500

6,636

Cash and cash equivalents

6,923

91,501

65,378

Trade and other payables: amounts falling due within one

year

(306,411)

(357,877)

(241,033)

(266,376)

Net current liabilities

Total assets less current liabilities

637,383

690,357

Trade and other payables: amounts falling due after more

than one year

(628,627)

(595,970)

41,413

Net assets

61,730

Capital and reserves

Called up share capital

Retained earnings

41,410

61,727

41,413

61,730

Shareholders' funds

For the year ended 31 March 2018 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 2018 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 applicable to companies subject to the small companies regime.

J McGill Director

These financial statements were approved and authorised for issue by the Board on 09 July 2018 and were signed by:

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For the year ended 31 March 2018

Smile Solution Limited

Statement of Financial Position Continued

The notes form part of these financial statements

2 of 6

For the year ended 31 March 2018

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:Plant&Machinery 25% reducing balance.

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 2018

Smile Solution Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2017

1,041,698

At 31 March 2018

1,041,698

Amortisation

At 01 April 2017

979,103

6,955

Charge for year

At 31 March 2018

986,058

Net book value

At 31 March 2018

55,640

At 31 March 2017

62,595

3. Property, plant and equipment

Plant and

machinery

Cost or

valuation

At 01 April 2017

257,753

33,395

Additions

At 31 March 2018

291,148

Provision for depreciation and impairment

At 01 April 2017

161,310

Charge for year

32,459

At 31 March 2018

193,769

At 31 March 2018

Net book value

97,379

At 31 March 2017

96,443

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For the year ended 31 March 2018

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 2017

772,352

462,883

309,469

Cost

10,000

Additions

Disposals/Repayments

(31,612)

At 31 March 2018

319,469

431,271

750,740

At 31 March 2018

Net book value

319,469

431,271

750,740

At 01 April 2017

772,352

309,469

462,883

5. Inventories

2017

2018

Stocks

77,942

61,878

6. Trade and other receivables

2017

2018

Other debtors

6,636

3,500

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

2017

2018

Bank loans and overdraft

66,808

93,989

Trade creditors

212,889

127,486

Taxation and social security

58,808

63,862

Other creditors

19,372

21,074

357,877

306,411

5 of 6

For the year ended 31 March 2018

Smile Solution Limited

Notes to the Financial Statements Continued

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

2017

2018

Bank loans and overdraft

558,660

602,434

Other creditors

37,310

26,193

595,970

628,627

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