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REGISTERED NUMBER: 12109728 (England and Wales)


















































Financial Statements

for the Year Ended 31 December 2021

for

SB Smart Solutions Ltd

SB Smart Solutions Ltd (Registered number: 12109728)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SB Smart Solutions Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTOR: S R Bates





REGISTERED OFFICE: 45 Strawberry Fields
Easterton
Devizes
Wiltshire
SN10 4BB





REGISTERED NUMBER: 12109728 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

SB Smart Solutions Ltd (Registered number: 12109728)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,549 33,016
Tangible assets 5 177 354
30,726 33,370

CURRENT ASSETS
Debtors 6 9,590 7,182
Cash at bank 197 4,889
9,787 12,071
CREDITORS
Amounts falling due within one year 7 36,733 54,950
NET CURRENT LIABILITIES (26,946 ) (42,879 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,780

(9,509

)

CREDITORS
Amounts falling due after more than one
year

8

40,000

17,476
NET LIABILITIES (36,220 ) (26,985 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (36,320 ) (27,085 )
SHAREHOLDERS' FUNDS (36,220 ) (26,985 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

SB Smart Solutions Ltd (Registered number: 12109728)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 3 September 2022 and were signed by:





S R Bates - Director


SB Smart Solutions Ltd (Registered number: 12109728)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

SB Smart Solutions 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Franchise fee are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

SB Smart Solutions Ltd (Registered number: 12109728)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 37,950
AMORTISATION
At 1 January 2021 4,934
Charge for year 2,467
At 31 December 2021 7,401
NET BOOK VALUE
At 31 December 2021 30,549
At 31 December 2020 33,016

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 708
DEPRECIATION
At 1 January 2021 354
Charge for year 177
At 31 December 2021 531
NET BOOK VALUE
At 31 December 2021 177
At 31 December 2020 354

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 1,002 -
Other debtors 8,588 7,182
9,590 7,182

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors - 30
Other creditors 36,733 54,920
36,733 54,950

SB Smart Solutions Ltd (Registered number: 12109728)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Other creditors 40,000 17,476