Smile Care (Holdings) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08612662 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Smile Care (Holdings) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr J S Dhariwal

REGISTERED OFFICE:

24 High Street

Slough

SL1 1EQ

REGISTERED NUMBER:

08612662 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

-

20,933

Investments

5

205,054

205,054

205,054

225,987

CURRENT ASSETS

Debtors

6

1,599,048

426,942

Cash at bank

27,301

1,878

1,626,349

428,820

CREDITORS

Amounts falling due within one year

7

1,038,691

615,393

NET CURRENT ASSETS/(LIABILITIES)

587,658

(186,573

)

TOTAL ASSETS LESS CURRENT LIABILITIES

792,712

39,414

CREDITORS

Amounts falling due after more than one year

8

751,439

20,278

NET ASSETS

41,273

19,136

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

41,173

19,036

SHAREHOLDERS' FUNDS

41,273

19,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

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

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

The financial statements were approved by the director on 12 December 2018 and were signed by:

Dr J S Dhariwal - Director

1.	STATUTORY INFORMATION

Smile Care (Holdings) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

As at the year end, the balance sheet showed net liabilities. The company continues to trade with the support of

Dr J S Dhariwal, the director, and that of the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2017

32,074

1,217

33,291

Disposals

(32,074

)

(1,217

)

(33,291

)

At 31 March 2018

-

-

-

DEPRECIATION

At 1 April 2017

11,547

811

12,358

Charge for year

-

355

355

Eliminated on disposal

(11,547

)

(1,166

)

(12,713

)

At 31 March 2018

-

-

-

NET BOOK VALUE

At 31 March 2018

-

-

-

At 31 March 2017

20,527

406

20,933

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2017

32,074

Disposals

(32,074

)

At 31 March 2018

-

DEPRECIATION

At 1 April 2017

11,547

Eliminated on disposal

(11,547

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

20,527

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

and 31 March 2018

205,054

NET BOOK VALUE

At 31 March 2018

205,054

At 31 March 2017

205,054

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Amounts owed by group undertakings

1,414,033

324,760

Other debtors

85,783

2,783

Related party loans

99,232

99,174

Deferred tax asset

Accelerated capital allowances

-

120

Prepayments and accrued income

-

105

1,599,048

426,942

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

45,770

-

Hire purchase contracts

-

4,005

Trade creditors

26,862

5,059

Amounts owed to group undertakings

776,354

573,273

Social security and other taxes

8,258

9,652

Other creditors

17,381

18,942

Directors' current accounts

159,604

-

Accruals and deferred income

4,462

4,462

1,038,691

615,393

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans - 1-2 years

45,770

-

Bank loans - 2-5 years

137,310

-

Bank loans more 5 yr by instal

568,359

-

Hire purchase contracts

-

20,278

751,439

20,278

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

568,359

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Hire purchase contracts

-

24,283

The liabilities included as Hire Purchase are secured against the assets as shown in the Tangible Fixed Assets

note.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

51

Ordinary

£1

51

51

49

Ordinary B

£1

49

49

100

100

11.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had financial commitments in the form of operating leases, with future

payments expected to be £25,200 (2017 £33,600).

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Smile Care Twyford Limited

Smile Care Holdings Limited owns 50% of the ordinary shares in Smile Care Twyford Limited

The totals held at the balance sheet date are:

31.3.18

31.3.17

£

£

Owing to Smile Care Twyford Limited

18,773

18,773

The loan is interest free, unsecured and repayable upon demand.