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REGISTERED NUMBER: 11799879 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SMARTZ BOOKKEEPING & ACCOUNTS LTD

SMARTZ BOOKKEEPING & ACCOUNTS LTD (REGISTERED NUMBER: 11799879)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMARTZ BOOKKEEPING & ACCOUNTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: S Martinez





REGISTERED OFFICE: 108 Buckingham Road
Bicester
Oxfordshire
OX26 4EQ





REGISTERED NUMBER: 11799879 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

SMARTZ BOOKKEEPING & ACCOUNTS LTD (REGISTERED NUMBER: 11799879)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 201 288

CURRENT ASSETS
Debtors 5 9,907 11,210
Cash at bank 3,836 3,599
13,743 14,809
CREDITORS
Amounts falling due within one year 6 7,725 7,073
NET CURRENT ASSETS 6,018 7,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,219

8,024

CREDITORS
Amounts falling due after more than one year 7 (5,590 ) (7,498 )

PROVISIONS FOR LIABILITIES 8 - (55 )
NET ASSETS 629 471

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 619 461
SHAREHOLDERS' FUNDS 629 471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SMARTZ BOOKKEEPING & ACCOUNTS LTD (REGISTERED NUMBER: 11799879)

BALANCE SHEET - continued
31 JANUARY 2023


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 27 October 2023 and were signed by:





S Martinez - Director


SMARTZ BOOKKEEPING & ACCOUNTS LTD (REGISTERED NUMBER: 11799879)

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

1. STATUTORY INFORMATION

Smartz Bookkeeping & Accounts 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

SMARTZ BOOKKEEPING & ACCOUNTS LTD (REGISTERED NUMBER: 11799879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 185 612 797
DEPRECIATION
At 1 February 2022 81 428 509
Charge for year 26 61 87
At 31 January 2023 107 489 596
NET BOOK VALUE
At 31 January 2023 78 123 201
At 31 January 2022 104 184 288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,951 2,676
Directors' current accounts 4,956 8,534
9,907 11,210

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,000 2,000
Tax 4,501 3,842
Social security and other taxes 263 270
Accruals 961 961
7,725 7,073

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 5,590 7,498

SMARTZ BOOKKEEPING & ACCOUNTS LTD (REGISTERED NUMBER: 11799879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 55

Deferred
tax
£   
Balance at 1 February 2022 55
Credit to Income Statement during year (55 )
Balance at 31 January 2023 -

9. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
10 Share capital 1 £1 10 10

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
S Martinez
Balance outstanding at start of year 8,534 1,913
Amounts advanced 20,324 34,980
Amounts repaid (23,902 ) (28,359 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,956 8,534