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REGISTERED NUMBER: 11548481 (England and Wales)














Unaudited Financial Statements

for the Period

1 October 2022 to 31 December 2023

for

Smart Tax And Accountancy Ltd

Smart Tax And Accountancy Ltd (Registered number: 11548481)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Smart Tax And Accountancy Ltd

Company Information
for the Period 1 October 2022 to 31 December 2023







DIRECTOR: N K Bhal





REGISTERED OFFICE: Parallel House
London Road
Guildford
Surrey
GU1 2AB





REGISTERED NUMBER: 11548481 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Smart Tax And Accountancy Ltd (Registered number: 11548481)

Balance Sheet
31 December 2023

31.12.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,234 9,232

CURRENT ASSETS
Debtors 6 165,863 596,888
Cash at bank 127,181 189,808
293,044 786,696
CREDITORS
Amounts falling due within one
year

7

967,737

697,279
NET CURRENT (LIABILITIES)/ASSETS (674,693 ) 89,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

(662,459

)

98,649

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings (662,469 ) 98,639
SHAREHOLDERS' FUNDS (662,459 ) 98,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





N K Bhal - Director


Smart Tax And Accountancy Ltd (Registered number: 11548481)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 December 2023

1. STATUTORY INFORMATION

Smart Tax And Accountancy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2022 - 5 ) .

Smart Tax And Accountancy Ltd (Registered number: 11548481)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 December 2023

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 9,600 10,688 20,288
Additions - 10,791 10,791
At 31 December 2023 9,600 21,479 31,079
DEPRECIATION
At 1 October 2022 6,000 5,056 11,056
Charge for period 3,600 4,189 7,789
At 31 December 2023 9,600 9,245 18,845
NET BOOK VALUE
At 31 December 2023 - 12,234 12,234
At 30 September 2022 3,600 5,632 9,232

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.9.22
£    £   
Trade debtors 142,317 585,453
Other debtors 23,546 2,649
Prepayments - 8,786
165,863 596,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.9.22
£    £   
Trade creditors 1,268 891
Tax - 4,774
Social security and other taxes 162,093 128,767
VAT 338,299 445,013
Other creditors 444,778 106,897
Directors' current accounts 2,524 2,524
Accrued expenses 18,775 8,413
967,737 697,279

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 30.9.22
value: £    £   
10 Ordinary A 1 10 10

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director N K Bhal.