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REGISTERED NUMBER: 11955724 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

SMART TRANSPORT HUB LTD

SMART TRANSPORT HUB LTD (REGISTERED NUMBER: 11955724)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SMART TRANSPORT HUB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr C C Constantinides





REGISTERED OFFICE: Solar House
2nd Floor
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 11955724 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

SMART TRANSPORT HUB LTD (REGISTERED NUMBER: 11955724)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 403,928 336,493

CURRENT ASSETS
Debtors 5 490,061 162,130
Cash at bank 190,537 257,298
680,598 419,428
CREDITORS
Amounts falling due within one year 6 558,342 271,357
NET CURRENT ASSETS 122,256 148,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,184

484,564

CREDITORS
Amounts falling due after more than one year 7 155,432 145,966
NET ASSETS 370,752 338,598

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 370,652 338,498
SHAREHOLDERS' FUNDS 370,752 338,598

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2024 and were signed by:





Mr C C Constantinides - Director


SMART TRANSPORT HUB LTD (REGISTERED NUMBER: 11955724)

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

1. STATUTORY INFORMATION

Smart Transport Hub 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.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 9 ) .

SMART TRANSPORT HUB LTD (REGISTERED NUMBER: 11955724)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 27,612 154,117 259,005 440,734
Additions 6,621 102,324 74,799 183,744
At 31 July 2023 34,233 256,441 333,804 624,478
DEPRECIATION
At 1 August 2022 6,903 38,529 58,809 104,241
Charge for year 6,832 54,478 54,999 116,309
At 31 July 2023 13,735 93,007 113,808 220,550
NET BOOK VALUE
At 31 July 2023 20,498 163,434 219,996 403,928
At 31 July 2022 20,709 115,588 200,196 336,493

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,954 67,197
Amounts owed by group undertakings 61,494 -
Other debtors 418,613 94,933
490,061 162,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,471 5,472
Hire purchase contracts 28,310 15,003
Trade creditors 234,979 59,907
Amounts owed to group undertakings 153,447 104,031
Taxation and social security 95,179 78,682
Other creditors 40,956 8,262
558,342 271,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,567 41,038
Hire purchase contracts 119,865 104,928
155,432 145,966

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,244 19,151

SMART TRANSPORT HUB LTD (REGISTERED NUMBER: 11955724)

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

8. ULTIMATE CONTROLLING PARTY

During the period under review, the company was not under the control of any one individual.