Company Registration No. 12918174 (England and Wales)
Smart Home Imp Ltd
Unaudited accounts
for the year ended 31 May 2024
Smart Home Imp Ltd
Unaudited accounts
Contents
Smart Home Imp Ltd
Company Information
for the year ended 31 May 2024
Company Number
12918174 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
PO16 0EN
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Smart Home Imp Ltd
Accountants' report
Accountants' report to the director of Smart Home Imp Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Smart Home Imp Ltd for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Smart Home Imp Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Smart Home Imp Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smart Home Imp Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Smart Home Imp Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Smart Home Imp Ltd. You consider that Smart Home Imp Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Smart Home Imp Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
3 July 2024
Smart Home Imp Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
7,700
8,800
Tangible assets
8,685
11,813
Cash at bank and in hand
11,054
1,724
Creditors: amounts falling due within one year
(33,666)
(19,769)
Net current liabilities
(12,971)
(18,045)
Called up share capital
2
2
Profit and loss account
3,412
2,566
Shareholders' funds
3,414
2,568
For the year ending 31 May 2024 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 3 July 2024 and were signed on its behalf by
J Francis
Director
Company Registration No. 12918174
Smart Home Imp Ltd
Notes to the Accounts
for the year ended 31 May 2024
Smart Home Imp Ltd is a private company, limited by shares, registered in England and Wales, registration number 12918174. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
10% Straight Line
4
Intangible fixed assets
Goodwill
Smart Home Imp Ltd
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
17,266
3,500
20,766
At 31 May 2024
17,266
3,500
20,766
At 1 June 2023
7,553
1,400
8,953
Charge for the year
2,428
700
3,128
At 31 May 2024
9,981
2,100
12,081
At 31 May 2024
7,285
1,400
8,685
At 31 May 2023
9,713
2,100
11,813
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
22,559
7,216
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
-
(91,538)
(91,538)
-
10
Average number of employees
During the year the average number of employees was 4 (2023: 3).