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REGISTERED NUMBER: 06837634 (England and Wales)

















SMART AUDIO VISUAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






SMART AUDIO VISUAL SERVICES LIMITED (REGISTERED NUMBER: 06837634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


SMART AUDIO VISUAL SERVICES LIMITED (REGISTERED NUMBER: 06837634)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,058 11,145
15,058 11,145

CURRENT ASSETS
Debtors 6 33,712 67,628
Cash at bank 30,341 35,073
64,053 102,701
CREDITORS
Amounts falling due within one year 7 38,289 62,802
NET CURRENT ASSETS 25,764 39,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,822

51,044

CREDITORS
Amounts falling due after more than one year 8 38,493 43,135

PROVISIONS FOR LIABILITIES 1,538 1,318

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 691 6,491
SHAREHOLDERS' FUNDS 791 6,591
40,822 51,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





D L Chapman - Director


SMART AUDIO VISUAL SERVICES LIMITED (REGISTERED NUMBER: 06837634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Smart Audio Visual Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06837634

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Herts
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of one years.

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.

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

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


SMART AUDIO VISUAL SERVICES LIMITED (REGISTERED NUMBER: 06837634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 800
AMORTISATION
At 1 May 2022
and 30 April 2023 800
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

SMART AUDIO VISUAL SERVICES LIMITED (REGISTERED NUMBER: 06837634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 May 2022 41,568 6,500 48,068
Additions 4,910 3,700 8,610
Disposals - (6,500 ) (6,500 )
At 30 April 2023 46,478 3,700 50,178
DEPRECIATION
At 1 May 2022 31,821 5,102 36,923
Charge for year 2,836 463 3,299
Eliminated on disposal - (5,102 ) (5,102 )
At 30 April 2023 34,657 463 35,120
NET BOOK VALUE
At 30 April 2023 11,821 3,237 15,058
At 30 April 2022 9,747 1,398 11,145

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,389 27,534
Other debtors 30,323 40,094
33,712 67,628

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,631 4,211
Trade creditors 1,288 9,329
Taxation and social security 26,154 21,825
Other creditors 6,216 27,437
38,289 62,802

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 38,493 43,135

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,768 20,647

SMART AUDIO VISUAL SERVICES LIMITED (REGISTERED NUMBER: 06837634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
D L Chapman
Balance outstanding at start of year (392 ) 2,464
Amounts advanced 39,177 10,144
Amounts repaid (24,000 ) (13,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,785 (392 )

P A Arnold
Balance outstanding at start of year (1,605 ) 2,518
Amounts advanced 38,787 8,877
Amounts repaid (24,000 ) (13,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,182 (1,605 )