0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,204 3,204 481 481 2,723 xbrli:pure xbrli:shares iso4217:GBP 14844573 2023-06-01 2024-05-31 14844573 2024-05-31 14844573 2023-05-31 14844573 bus:Director1 2023-06-01 2024-05-31 14844573 core:WithinOneYear 2024-05-31 14844573 core:ShareCapital 2024-05-31 14844573 core:RetainedEarningsAccumulatedLosses 2024-05-31 14844573 bus:Director1 2024-05-31 14844573 bus:SmallEntities 2023-06-01 2024-05-31 14844573 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14844573 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14844573 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14844573 bus:FullAccounts 2023-06-01 2024-05-31 14844573 core:OfficeEquipment 2023-06-01 2024-05-31 14844573 core:OfficeEquipment 2024-05-31
COMPANY REGISTRATION NUMBER: 14844573
SMOOTHMIND LIMITED
Filleted Unaudited Financial Statements
31 May 2024
SMOOTHMIND LIMITED
Statement of Financial Position
31 May 2024
2024
Note
£
Fixed assets
Tangible assets
4
2,723
Current assets
Stocks
189
Debtors
5
33
Cash at bank and in hand
7,396
-------
7,618
Creditors: amounts falling due within one year
6
32,317
--------
Net current liabilities
24,699
--------
Total assets less current liabilities
( 21,976)
--------
Net liabilities
( 21,976)
--------
Capital and reserves
Called up share capital
100
Profit and loss account
( 22,076)
--------
Shareholders deficit
( 21,976)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SMOOTHMIND LIMITED
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 2 September 2024 , and are signed on behalf of the board by:
G Raichura
Director
Company registration number: 14844573
SMOOTHMIND LIMITED
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets
Equipment
£
Cost
At 1 June 2023
Additions
3,204
-------
At 31 May 2024
3,204
-------
Depreciation
At 1 June 2023
Charge for the year
481
-------
At 31 May 2024
481
-------
Carrying amount
At 31 May 2024
2,723
-------
5. Debtors
2024
£
Other debtors
33
----
6. Creditors: amounts falling due within one year
2024
£
Accruals and deferred income
2,034
Director loan accounts
30,283
--------
32,317
--------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
G Raichura
( 30,283)
( 30,283)
----
--------
--------