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Company Registration No. 10691069 (England and Wales)
Smart Cash Limited Unaudited accounts for the year ended 31 March 2023
Smart Cash Limited Unaudited accounts Contents
Page
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Smart Cash Limited Company Information for the year ended 31 March 2023
Director
Mr. Rafaqat Hayat Bibi
Company Number
10691069 (England and Wales)
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Smart Cash Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,864 
30,551 
Current assets
Debtors
1,672,090 
1,528,953 
Cash at bank and in hand
1,024,115 
3,058,754 
2,696,205 
4,587,707 
Creditors: amounts falling due within one year
(1,676,251)
(3,755,858)
Net current assets
1,019,954 
831,849 
Net assets
1,039,818 
862,400 
Capital and reserves
Share premium
100 
100 
Profit and loss account
1,039,718 
862,300 
Shareholders' funds
1,039,818 
862,400 
For the year ending 31 March 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 27 March 2024 and were signed on its behalf by
Mr. Rafaqat Hayat Bibi Director Company Registration No. 10691069
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Smart Cash Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Smart Cash Limited is a private company, limited by shares, registered in England and Wales, registration number 10691069.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
53,437 
At 31 March 2023
53,437 
Depreciation
At 1 April 2022
22,886 
Charge for the year
10,687 
At 31 March 2023
33,573 
Net book value
At 31 March 2023
19,864 
At 31 March 2022
30,551 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
1,672,090 
1,528,953 
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Smart Cash Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
997,703 
2,390,875 
Taxes and social security
44,647 
80,224 
Other creditors
632,577 
1,283,376 
Accruals
1,324 
1,383 
1,676,251 
3,755,858 
7
Average number of employees
During the year the average number of employees was 8 (2022: 857).
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