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Registered number: 14744993
Smaot Ltd
Unaudited Financial Statements
For the Period 21 March 2023 to 31 March 2024
Light Work Accounting Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14744993
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 11,400
Tangible Assets 5 36,247
47,647
CURRENT ASSETS
Cash at bank and in hand 3,789
3,789
Creditors: Amounts Falling Due Within One Year 6 (35,117 )
NET CURRENT ASSETS (LIABILITIES) (31,328 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,319
NET ASSETS 16,319
CAPITAL AND RESERVES
Called up share capital 7 2
Profit and Loss Account 16,317
SHAREHOLDERS' FUNDS 16,319
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs. L Froukhians
Director
13/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Smaot Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14744993 . The registered office is 7 Goslings Turning, Bursledon, SO31 8LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Intangible Assets
Goodwill
£
Cost
As at 21 March 2023 -
Additions 12,000
As at 31 March 2024 12,000
Amortisation
As at 21 March 2023 -
Provided during the period 600
As at 31 March 2024 600
Net Book Value
As at 31 March 2024 11,400
As at 21 March 2023 -
Page 2
Page 3
5. Tangible Assets
Motor Vehicles
£
Cost
As at 21 March 2023 -
Additions 48,329
As at 31 March 2024 48,329
Depreciation
As at 21 March 2023 -
Provided during the period 12,082
As at 31 March 2024 12,082
Net Book Value
As at 31 March 2024 36,247
As at 21 March 2023 -
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other loans 3,400
Other creditors 31,238
Taxation and social security 479
35,117
7. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 2
Page 3