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REGISTERED NUMBER: 02177927 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

SMARTSHIELD LIMITED

SMARTSHIELD LIMITED (REGISTERED NUMBER: 02177927)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMARTSHIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: J Elliott
D Elliott





SECRETARY: J Elliott





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 02177927 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

SMARTSHIELD LIMITED (REGISTERED NUMBER: 02177927)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 13,690 16,432

CURRENT ASSETS
Debtors 5 17,333 370
Cash at bank 602 52,297
17,935 52,667
CREDITORS
Amounts falling due within one year 6 7,941 6,041
NET CURRENT ASSETS 9,994 46,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,684

63,058

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,682 63,056
SHAREHOLDERS' FUNDS 23,684 63,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:





J Elliott - Director


SMARTSHIELD LIMITED (REGISTERED NUMBER: 02177927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Smartshield 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 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
Revenue 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.
Plant and machinery etc - 33% 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 NIL (2021 - NIL).

SMARTSHIELD LIMITED (REGISTERED NUMBER: 02177927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 76,756 4,791 81,547
DEPRECIATION
At 1 April 2021 60,324 4,791 65,115
Charge for year 2,742 - 2,742
At 31 March 2022 63,066 4,791 67,857
NET BOOK VALUE
At 31 March 2022 13,690 - 13,690
At 31 March 2021 16,432 - 16,432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 17,333 370

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security - 4,262
Other creditors 7,941 1,779
7,941 6,041

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet the directors of the Company owed £15,681, which has been repaid after the year end.. (2021 - £395 in hand balance)

The amount charged during the financial year to the director for the loan account being overdrawn in excess of £10,000 was £Nil. (2021 £1,029)

8. RELATED PARTY DISCLOSURES

In the previous financial year, a loan that has existed from William Claridge Ltd was written off, the director has a material interest in this company. Interest amounted to in the previous year was £308.