Your Smiles Limited,Ltd - Accounts

Your Smiles Limited,Ltd - Accounts

YOUR SMILES LIMITED - Company Information

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2015-09-01 true false Private Limited Company 06985988 2016-08-31 06985988 2015-09-01 2016-08-31 06985988 2015-08-31 06985988 2014-09-01 2015-08-31 06985988 uk-bus:Director1 2015-09-01 2016-08-31 06985988 uk-gaap:PlantMachinery 2015-09-01 2016-08-31 06985988 uk-bus:OrdinaryShareClass1 2016-08-31 iso4217:GBP
Your Smiles Limited
For the year ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06985988
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Contents Page
Your Smiles Limited
For the year ended 31 August 2016
1
Accountant's Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Your Smiles Limited
Accountant's Report
For the year ended 31 August 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 August 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Daniel Consultancy
54-60 Morritt House
Station Approach
South Ruislip
Ruislip
HA4 6SA
22 November 2016
Dated:
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4
Abbreviated Balance Sheet
Your Smiles Limited
As at 31 August 2016
06985988
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
70
93
70
93
Current assets
Debtors
12,707
17,851
Cash at bank and in hand
2,205
12,153
20,056
24,860
Creditors: amounts falling due within one year
(34,313)
(37,263)
(9,453)
(17,207)
Net current liabilities
Total assets less current liabilities
(17,137)
(9,360)
(12)
-
Provisions for liabilities
(17,149)
Net liabilities
(9,360)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(17,249)
(9,460)
(17,149)
(9,360)
Shareholders funds
For the 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 responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 22 November 2016
Miss C.A Alqadi Brown Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Your Smiles Limited
For the year ended 31 August 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
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 and Machinery
25% Reducing balance
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Notes to the Abbreviated Financial Statements
Your Smiles Limited
For the year ended 31 August 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
526
At 01 September 2015
At 31 August 2016
526
Depreciation
433
At 01 September 2015
23
Charge for year
456
At 31 August 2016
Net book values
At 31 August 2016
70
93
At 31 August 2015
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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