Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity2022-04-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13540883 2022-04-01 2023-03-31 13540883 2021-07-30 2022-03-31 13540883 2023-03-31 13540883 2022-03-31 13540883 c:Director1 2022-04-01 2023-03-31 13540883 c:RegisteredOffice 2022-04-01 2023-03-31 13540883 d:OfficeEquipment 2022-04-01 2023-03-31 13540883 d:OfficeEquipment 2023-03-31 13540883 d:OfficeEquipment 2022-03-31 13540883 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13540883 d:CurrentFinancialInstruments 2023-03-31 13540883 d:CurrentFinancialInstruments 2022-03-31 13540883 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13540883 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13540883 d:ShareCapital 2023-03-31 13540883 d:ShareCapital 2022-03-31 13540883 d:RetainedEarningsAccumulatedLosses 2023-03-31 13540883 d:RetainedEarningsAccumulatedLosses 2022-03-31 13540883 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13540883 c:OrdinaryShareClass1 2023-03-31 13540883 c:OrdinaryShareClass1 2022-03-31 13540883 c:FRS102 2022-04-01 2023-03-31 13540883 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13540883 c:FullAccounts 2022-04-01 2023-03-31 13540883 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13540883










SMITHLINE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
SMITHLINE LIMITED
 

COMPANY INFORMATION


Director
M Rechsteiner 




Registered number
13540883



Registered office
65b Hemingford Road

London

N1 1BY




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
SMITHLINE LIMITED
 

CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5


 
SMITHLINE LIMITED
REGISTERED NUMBER: 13540883

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
2,039
1,558

  
2,039
1,558

Current assets
  

Debtors: amounts falling due within one year
 5 
66,971
49,651

Cash at bank and in hand
  
187,405
115,388

  
254,376
165,039

Creditors: amounts falling due within one year
 6 
(65,386)
(44,902)

Net current assets
  
 
 
188,990
 
 
120,137

Total assets less current liabilities
  
191,029
121,695

  

Net assets
  
191,029
121,695


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
190,929
121,595

  
191,029
121,695


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 October 2023.




M Rechsteiner
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
SMITHLINE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Smithline Limited is a private limited company, limited by shares, domiciled in England with registration
number 13540883. The registered office is 69b Hemingford Road, London, United Kingdom, N1 1BY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 
SMITHLINE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
SMITHLINE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
2,077


Additions
1,333



At 31 March 2023

3,410



Depreciation


At 1 April 2022
519


Charge for the year on owned assets
852



At 31 March 2023

1,371



Net book value



At 31 March 2023
2,039



At 31 March 2022
1,558


5.


Debtors

2023
2022
£
£


Other debtors
69
651

Prepayments and accrued income
66,902
49,000

66,971
49,651



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
180
-

Other taxation and social security
37,168
28,074

Other creditors
17,588
9,458

Accruals and deferred income
10,450
7,370

65,386
44,902


Page 4

 
SMITHLINE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 5