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REGISTERED NUMBER: 04637478















S.M.A.R.T REPAIRS & SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022






S.M.A.R.T REPAIRS & SERVICES LIMITED (REGISTERED NUMBER: 04637478)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.M.A.R.T REPAIRS & SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTOR: P Bicknell





SECRETARY: Mrs G Bicknell





REGISTERED OFFICE: 152 Halesowen Road
Cradley Heath
West Midlands
B64 5LP





REGISTERED NUMBER: 04637478





ACCOUNTANTS: Ashtons Accountants
152 Halesowen Road
Cradley Heath
West Midlands
B64 5LP

S.M.A.R.T REPAIRS & SERVICES LIMITED (REGISTERED NUMBER: 04637478)

BALANCE SHEET
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 3,387 4,516
3,388 4,517

CURRENT ASSETS
Debtors 6 5,352 4,208
Cash at bank 12,518 7,008
17,870 11,216
CREDITORS
Amounts falling due within one year 7 9,143 6,107
NET CURRENT ASSETS 8,727 5,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,115

9,626

CREDITORS
Amounts falling due after more than one
year

8

3,254

4,161
NET ASSETS 8,861 5,465

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,761 5,365
SHAREHOLDERS' FUNDS 8,861 5,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

S.M.A.R.T REPAIRS & SERVICES LIMITED (REGISTERED NUMBER: 04637478)

BALANCE SHEET - continued
31ST MARCH 2022


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 7th September 2022 and were signed by:





P Bicknell - Director


S.M.A.R.T REPAIRS & SERVICES LIMITED (REGISTERED NUMBER: 04637478)

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

1. STATUTORY INFORMATION

S.m.a.r.t Repairs & Services Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 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 (2021 - 1 ) .

S.M.A.R.T REPAIRS & SERVICES LIMITED (REGISTERED NUMBER: 04637478)

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st April 2021
and 31st March 2022 12,995
AMORTISATION
At 1st April 2021
and 31st March 2022 12,994
NET BOOK VALUE
At 31st March 2022 1
At 31st March 2021 1

5. TANGIBLE FIXED ASSETS
Motor Computer
Tools vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2021
and 31st March 2022 3,630 10,700 1,998 16,328
DEPRECIATION
At 1st April 2021 3,629 6,186 1,997 11,812
Charge for year - 1,129 - 1,129
At 31st March 2022 3,629 7,315 1,997 12,941
NET BOOK VALUE
At 31st March 2022 1 3,385 1 3,387
At 31st March 2021 1 4,514 1 4,516

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,352 3,828
Other debtors - 380
5,352 4,208

S.M.A.R.T REPAIRS & SERVICES LIMITED (REGISTERED NUMBER: 04637478)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 996 839
Trade creditors 1,456 925
Taxation 4,328 2,541
VAT 1,326 760
Directors' current accounts 52 52
Accrued expenses 985 990
9,143 6,107

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 3,254 4,161