Company Registration No. 07745878 (England and Wales)
Smart Bedrooms & Closets Ltd
Unaudited accounts
for the year ended 30 November 2023
Smart Bedrooms & Closets Ltd
Unaudited accounts
Contents
Smart Bedrooms & Closets Ltd
Company Information
for the year ended 30 November 2023
Director
Pardeep Kumar Chopra
Company Number
07745878 (England and Wales)
Registered Office
UNIT 13
CHESTERFIELD WAY
HAYES
UB3 3NW
Accountants
ABMO Accountants
37 Taplow Road
Taplow
South Bucks
SL6 0JN
Smart Bedrooms & Closets Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
153,726
94,368
Cash at bank and in hand
188,515
37,264
Creditors: amounts falling due within one year
(282,793)
(148,391)
Net current assets
32,804
29,062
Total assets less current liabilities
186,530
123,430
Creditors: amounts falling due after more than one year
(83,886)
(35,833)
Provisions for liabilities
Deferred tax
(29,208)
(17,930)
Called up share capital
1
1
Profit and loss account
73,435
69,666
Shareholders' funds
73,436
69,667
For the year ending 30 November 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 28 August 2024 and were signed on its behalf by
Pardeep Kumar Chopra
Director
Company Registration No. 07745878
Smart Bedrooms & Closets Ltd
Notes to the Accounts
for the year ended 30 November 2023
Smart Bedrooms & Closets Ltd is a private company, limited by shares, registered in England and Wales, registration number 07745878. The registered office is UNIT 13, CHESTERFIELD WAY, HAYES, UB3 3NW.
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:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The financial statements have been prepared using the going concern basis of accounting. The Directors further confirm that the company has adequate resources to continue in operational existence for the foreseeable future.
Smart Bedrooms & Closets Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
149,565
98,750
34,636
503
283,454
Additions
-
78,883
-
-
78,883
At 30 November 2023
149,565
177,633
34,636
503
362,337
At 1 December 2022
95,978
70,240
22,464
404
189,086
Charge for the year
8,038
9,646
1,826
15
19,525
At 30 November 2023
104,016
79,886
24,290
419
208,611
At 30 November 2023
45,549
97,747
10,346
84
153,726
At 30 November 2022
53,587
28,510
12,172
99
94,368
Amounts falling due within one year
Trade debtors
46,818
16,063
Other debtors
11,000
69,777
Amounts falling due after more than one year
Other debtors
20,500
20,500
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
17,868
-
Trade creditors
217,441
99,121
Taxes and social security
16,945
22,419
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
58,100
-
8
Transactions with related parties
The prior year Director loan of £58,778 including interest of £1,153 was repaid in full within 9 months of the balance sheet date.
At the year end Director Loan account is Nil (2022- £58,778 debtor).
Smart Bedrooms & Closets Ltd
Notes to the Accounts
for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 15 (2022: 13).