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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
Page
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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
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Smart Bedrooms & Closets Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
153,726 
94,368 
Current assets
Inventories
48,764 
33,849 
Debtors
78,318 
106,340 
Cash at bank and in hand
188,515 
37,264 
315,597 
177,453 
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)
Net assets
73,436 
69,667 
Capital and reserves
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
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Smart Bedrooms & Closets Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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.
Going concern
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
46,818 
16,063 
Other debtors
11,000 
69,777 
57,818 
85,840 
Amounts falling due after more than one year
Other debtors
20,500 
20,500 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,008 
26,851 
Obligations under finance leases and hire purchase contracts
17,868 
- 
Trade creditors
217,441 
99,121 
Taxes and social security
16,945 
22,419 
Other creditors
23,531 
- 
282,793 
148,391 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,786 
35,833 
Obligations under finance leases and hire purchase contracts
58,100 
- 
83,886 
35,833 
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).
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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).
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