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REGISTERED NUMBER: 05999412 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

SMART DESK SYSTEMS LIMITED

SMART DESK SYSTEMS LIMITED (REGISTERED NUMBER: 05999412)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


SMART DESK SYSTEMS LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: T J Wells





REGISTERED OFFICE: 2nd Floor Partnership House
Carlise Place
London
SW1P 1BX





REGISTERED NUMBER: 05999412 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Smart Desk Systems Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Smart Desk Systems Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Smart Desk Systems Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smart Desk Systems Limited and state those matters that we have agreed to state to the director of Smart Desk Systems Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smart Desk Systems Limited and its director for our work or for this report.

It is your duty to ensure that Smart Desk Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Smart Desk Systems Limited. You consider that Smart Desk Systems Limited 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 financial statements of Smart Desk Systems Limited. 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 financial statements.






Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA


9 August 2024

SMART DESK SYSTEMS LIMITED (REGISTERED NUMBER: 05999412)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 399,756 352,864
Cash at bank 72,853 60,466
472,609 413,330
CREDITORS
Amounts falling due within one year 7 30,522 38,818
NET CURRENT ASSETS 442,087 374,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,087

374,512

CAPITAL AND RESERVES
Called up share capital 581,000 581,000
Retained earnings (138,913 ) (206,488 )
SHAREHOLDERS' FUNDS 442,087 374,512

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 August 2024 and were signed by:





T Wells - Director


SMART DESK SYSTEMS LIMITED (REGISTERED NUMBER: 05999412)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Smart Desk Systems Limited 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.

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.

TURNOVER
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

RESEARCH AND DEVELOPMENT
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation the expenditure is deferred and is amortised over the period during which the company is expected to benefit.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SMART DESK SYSTEMS LIMITED (REGISTERED NUMBER: 05999412)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 158,867
AMORTISATION
At 1 January 2023
and 31 December 2023 158,867
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 19,575
DEPRECIATION
At 1 January 2023
and 31 December 2023 19,575
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,988 16,511
Amounts owed by group undertakings 388,536 336,305
Other debtors 1,232 48
399,756 352,864

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,107 12,789
Taxation and social security 18,615 13,881
Other creditors 10,800 12,148
30,522 38,818

SMART DESK SYSTEMS LIMITED (REGISTERED NUMBER: 05999412)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. OTHER FINANCIAL COMMITMENTS

Financial commitments, guarantees and contingencies which are not included in the balance sheet total £3,415.92 (2022 - £3,985.24) relating to an operating lease.

9. RELATED PARTY DISCLOSURES

During the period the company loaned TGL Services (UK) Limited, its immediate parent undertaking, £52,231 (2022: amounts loaned £106,786). At the balance sheet date the amount owed by TGL Services (UK) Limited was £388,536 (2022): £336,305). The loan is interest free and repayable upon demand.