Company Registration No. 08642907 (England and Wales)
SMILE SAVERS 32 LIMITED
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
SMILE SAVERS 32 LIMITED
COMPANY INFORMATION
Director
Ms G K Dhutti
Secretary
Ms G K Dhutti
Company number
08642907
Registered office
8 Ashby Way
Sipson
West Drayton
Middlesex
United Kingdom
UB7 0JW
Accountants
TaxInc Associates
Lakeside House
1 Furzeground Way
Stockley Park
Uxbridge
Middlesex
UB11 1BD
Business address
8 Ashby Way
Sipson
West Drayton
Middlesex
United Kingdom
UB7 0JW
SMILE SAVERS 32 LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
SMILE SAVERS 32 LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2016
- 1 -
The director presents her report and financial statements for the year ended 31 August 2016.
Principal activities
The principal activity of the company continued to be that of dental practice activities.
Director
The following director has held office since 1 September 2015:
Ms G K Dhutti
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Ms G K Dhutti
Director
3 November 2016
SMILE SAVERS 32 LIMITED
FTA ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SMILE SAVERS 32 LIMITED FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Smile Savers 32 Limited for the year ended 31 August 2016 set out on pages 3 to 7 from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Smile Savers 32 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Smile Savers 32 Limited and state those matters that we have agreed to state to the Board of Directors of Smile Savers 32 Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smile Savers 32 Limited and its Board of Directors as a body, for our work or for this report
It is your duty to ensure that Smile Savers 32 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Smile Savers 32 Limited. You consider that Smile Savers 32 Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Smile Savers 32 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
TaxInc Associates
3 November 2016
FTA Accountants
Lakeside House
1 Furzeground Way
Stockley Park
Uxbridge
Middlesex
UB11 1BD
SMILE SAVERS 32 LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
2016
2015
Notes
£
£
Turnover
141,131
36,244
Cost of sales
(90,498)
(24,132)
Gross profit
50,633
12,112
Administrative expenses
(11,765)
(7,112)
Profit on ordinary activities before taxation
2
38,868
5,000
Tax on profit on ordinary activities
3
(7,784)
(949)
Profit for the year
8
31,084
4,051
SMILE SAVERS 32 LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 4 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
5
390
253
Current assets
Cash at bank and in hand
47,975
5,673
Creditors: amounts falling due within one year
6
(40,601)
2,754
Net current assets
7,374
8,427
Total assets less current liabilities
7,764
8,680
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
8
7,763
8,679
Shareholder's funds
7,764
8,680
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board for issue on 3 November 2016
Ms G K Dhutti
Director
Company Registration No. 08642907
SMILE SAVERS 32 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% R.B.
2
Operating profit
2016
2015
£
£
Operating profit is stated after charging:
Depreciation of tangible assets
188
124
Director's remuneration
8,064
4,716
3
Taxation
2016
2015
£
£
Domestic current year tax
U.K. corporation tax
7,784
949
Total current tax
7,784
949
4
Dividends
2016
2015
£
£
Ordinary interim paid
32,000
-
SMILE SAVERS 32 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 6 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2015
377
Additions
325
At 31 August 2016
702
Depreciation
At 1 September 2015
124
Charge for the year
188
At 31 August 2016
312
Net book value
At 31 August 2016
390
At 31 August 2015
253
6
Creditors: amounts falling due within one year
2016
2015
£
£
Taxation and social security
17,676
(4,126)
Other creditors
22,925
1,372
40,601
(2,754)
7
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary Shares of £1 each
1
1
SMILE SAVERS 32 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 7 -
8
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 September 2015
8,679
Profit for the year
31,084
Dividends paid
(32,000)
Balance at 31 August 2016
7,763
2016-08-31
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