Smiley Tooth Bedford Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10217238 (England and Wales)

Financial Statements

for the Year Ended 31st March 2018

for

SMILEY TOOTH BEDFORD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr H N Mistry

REGISTERED OFFICE:

15 Grove Place

Bedford

MK40 3JJ

REGISTERED NUMBER:

10217238 (England and Wales)

ACCOUNTANTS:

John Wildman Chartered Accountants

15 Grove Place

Bedford

MK40 3JJ

FIXED ASSETS

Intangible assets

4

235,197

261,330

Tangible assets

5

60,662

61,268

295,859

322,598

CURRENT ASSETS

Cash at bank and in hand

16,359

12,594

CREDITORS

Amounts falling due within one year

6

102,044

109,611

NET CURRENT LIABILITIES

(85,685

)

(97,017

)

TOTAL ASSETS LESS CURRENT LIABILITIES

210,174

225,581

CREDITORS

Amounts falling due after more than one year

7

231,947

240,957

NET LIABILITIES

(21,773

)

(15,376

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(22,773

)

(16,376

)

(21,773

)

(15,376

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 14th December 2018 and were signed by:

Dr H N Mistry - Director

1.	STATUTORY INFORMATION

Smiley Tooth Bedford Limited 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.

These Financial statements are prepared on the going concern basis as it is the intention of the

directors to continue supporting the company for the foreseeable future.

Turnover

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

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Practice equipment

-

20% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2017

and 31st March 2018

261,330

AMORTISATION

Amortisation for year

26,133

At 31st March 2018

26,133

NET BOOK VALUE

At 31st March 2018

235,197

At 31st March 2017

261,330

5.	TANGIBLE FIXED ASSETS

Practice

equipment

£

COST

At 1st April 2017

61,268

Additions

12,946

At 31st March 2018

74,214

DEPRECIATION

Charge for year

13,552

At 31st March 2018

13,552

NET BOOK VALUE

At 31st March 2018

60,662

At 31st March 2017

61,268

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

17,180

17,180

Trade creditors

16,517

15,556

PAYE & NI

4,354

(43

)

Loan from Smiley Tooth Ltd

61,240

51,240

Directors' loan accounts

2,253

25,178

Accrued expenses

500

500

102,044

109,611

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loan

231,947

240,957