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Registered Number: 06983072
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2023

for

SMART REAMER DRILLING SYSTEMS LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets
Intangible fixed assets 2 170,339    185,761 
170,339    185,761 
 
Current assets
Debtors 5,721    5,555 
Cash at bank and in hand 122,035    164,632 
127,756    170,187 
Creditors: amount falling due within one year (703)   (9,706)
Net current assets 127,053    160,481 
 
Total assets less current liabilities 297,392    346,242 
Net assets 297,392    346,242 
 

Capital and reserves
Called up share capital 1,186    1,186 
Share premium account 735,124    735,124 
Profit and loss account (438,918)   (390,068)
Shareholders fund 297,392    346,242 
 
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  2. 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
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
Signed on behalf of the board of directors:


----------------------------------
Wajid Rasheed
Director

Date approved: 16 September 2024
1
Statutory Information
SMART REAMER DRILLING SYSTEMS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 06983072, registration address 268 Bath Road, Slough, SL1 4DX, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
2.

Intangible fixed assets

Cost or Valuation Patents, trademarks & licenses   Total
  £   £
At 01 January 2023 308,441    308,441 
Additions  
Disposals  
At 31 December 2023 308,441    308,441 
Amortisation
At 01 January 2023 122,680    122,680 
Charge for year 15,422    15,422 
On disposals  
At 31 December 2023 138,102    138,102 
Net book values
At 31 December 2023 170,339    170,339 
At 31 December 2022 185,761    185,761 

3.

Tangible fixed assets

Cost or Valuation Plant and machinery   Office equipment   Total
  £   £   £
At 01 January 2023 104,910    1,385    106,295 
Additions    
Disposals    
At 31 December 2023 104,910    1,385    106,295 
Depreciation
At 01 January 2023 104,910    1,385    106,295 
Charge for year    
On disposals    
At 31 December 2023 104,910    1,385    106,295 
Net book values
Closing balance as at 31 December 2023    
Opening balance as at 01 January 2023    

4.

Average number of employees

Average number of employees during the year was 1  (2022: 1).
2