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Company Registration No. 07439269 (England and Wales)
Smart-Telecom Ltd Unaudited accounts for the year ended 31 May 2023
Smart-Telecom Ltd Unaudited accounts Contents
Page
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Smart-Telecom Ltd Company Information for the year ended 31 May 2023
Director
Mohammed Niraz Buhari
Company Number
07439269 (England and Wales)
Registered Office
ASHLEY COURT 32 MAIN STREET ASHLEY MARKET HARBOROUGH LEICESTERSHIRE LE16 8HF UNITED KINGDOM
Accountants
Master Accounting Limited The Stables, Ashley Court 32 Main Street, Ashley Market Harborough Leicestershire LE16 8HF
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Smart-Telecom Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,004 
10,004 
Current assets
Debtors
82,954 
59,854 
Cash at bank and in hand
2,967 
461 
85,921 
60,315 
Creditors: amounts falling due within one year
(113,594)
(78,703)
Net current liabilities
(27,673)
(18,388)
Total assets less current liabilities
(17,669)
(8,384)
Creditors: amounts falling due after more than one year
(37,763)
(42,703)
Net liabilities
(55,432)
(51,087)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(55,434)
(51,089)
Shareholders' funds
(55,432)
(51,087)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2024 and were signed on its behalf by
Mohammed Niraz Buhari Director Company Registration No. 07439269
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Smart-Telecom Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Smart-Telecom Ltd is a private company, limited by shares, registered in England and Wales, registration number 07439269. The registered office is ASHLEY COURT 32 MAIN STREET, ASHLEY, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 8HF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% - Straight line
Fixtures & fittings
20% - Straight line
Computer equipment
33% - Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
10,004 
At 31 May 2023
10,004 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
10,004 
At 31 May 2022
10,004 
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Smart-Telecom Ltd Notes to the Accounts for the year ended 31 May 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
6,970 
7,000 
23,401 
37,371 
At 31 May 2023
6,970 
7,000 
23,401 
37,371 
Depreciation
At 1 June 2022
6,970 
7,000 
23,401 
37,371 
At 31 May 2023
6,970 
7,000 
23,401 
37,371 
Net book value
At 31 May 2023
- 
- 
- 
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
82,954 
59,854 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,940 
4,708 
VAT
- 
1,721 
Trade creditors
10,000 
10,000 
Other creditors
80,141 
44,241 
Loans from directors
18,033 
18,033 
Accruals
480 
- 
113,594 
78,703 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
37,763 
42,703 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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