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Registered Number: 10026596
England and Wales

 

 

 

SML FUTURE SYSTEMS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
  2023   2022
    £ £   £ £
Fixed assets   (118)     850 
Current assets 6,979      19,203   
Creditors: amount falling due within one year (6,861)     (18,484)  
Net current assets   118      719 
Total assets less current liabilities       1,569 
Net assets       1,569 
 

         
Capital and reserves       1,569 
 
NOTES TO THE ACCOUNTS

General Information
SML Future Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 10026596, registration address 85 Great Portland Street, First Floor, London, W1W 7LT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 33.33%
2.

Tangible fixed assets

Cost or valuation Plant and machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2022 1,265    510    5,160    6,935 
Additions      
Disposals      
At 28 February 2023 1,265    510    5,160    6,935 
Depreciation
At 01 March 2022 1,265    340    4,479    6,084 
Charge for year   170    799    969 
On disposals      
At 28 February 2023 1,265    510    5,278    7,053 
Net book values
Closing balance as at 28 February 2023     (118)   (118)
Opening balance as at 01 March 2022 (1)   170    681    850 


3.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 10 November 2023 and were signed on its behalf by:


--------------------------------
Christopher Mark Saunders
Director
1