Registered number
10541024
SMARTIDEAS GROUP LIMITED
Filleted Accounts
31 December 2023
SMARTIDEAS GROUP LIMITED
Registered number: 10541024
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 - 100,200
Current assets
Debtors 4 25 12,717
Cash at bank and in hand 9,577 12,161
9,602 24,878
Creditors: amounts falling due within one year 5 (4,411) (103,848)
Net current assets/(liabilities) 5,191 (78,970)
Total assets less current liabilities 5,191 21,230
Creditors: amounts falling due after more than one year 6 (330) -
Net assets 4,861 21,230
Capital and reserves
Called up share capital 100 100
Share premium 300 300
Profit and loss account 4,461 20,830
Shareholders' funds 4,861 21,230
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Saadi Al Syed Hussain
Director
Approved by the board on 9 August 2024
SMARTIDEAS GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 100,200
Revaluation (100,200)
At 31 December 2023 -
4 Debtors 2023 2022
£ £
Smartmed Technologies Ltd - 12,692
Other debtors 25 25
25 12,717
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 100,530
Taxation and social security costs 3,781 3,318
Other creditors 630 -
4,411 103,848
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 330 -
7 Other information
SMARTIDEAS GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Plumbers Row
Unit 4
Upper ground
London
E1 1EQ
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