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REGISTERED NUMBER: 09148838 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SMART SPACE DESIGN & DEVELOPMENT LTD

SMART SPACE DESIGN & DEVELOPMENT LTD (REGISTERED NUMBER: 09148838)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SMART SPACE DESIGN & DEVELOPMENT LTD

COMPANY INFORMATION
for the Year Ended 31 JULY 2024







DIRECTORS: P Jankovic
R Shephard





REGISTERED OFFICE: 11 Castle Hill
Maidenhead
Berkshire
SL6 4AA





REGISTERED NUMBER: 09148838 (England and Wales)





ACCOUNTANTS: Knight & Company Ltd
11 Castle Hill
Maidenhead
Berkshire
SL6 4AA

SMART SPACE DESIGN & DEVELOPMENT LTD (REGISTERED NUMBER: 09148838)

ABRIDGED BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,610 61,599

CURRENT ASSETS
Stocks 40,579 24,411
Debtors 47,182 20,594
Cash at bank 17,954 17,183
105,715 62,188
CREDITORS
Amounts falling due within one year 105,692 79,068
NET CURRENT ASSETS/(LIABILITIES) 23 (16,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,633

44,719

CREDITORS
Amounts falling due after more than one
year

(52,675

)

(32,914

)

PROVISIONS FOR LIABILITIES (20,903 ) (11,704 )
NET ASSETS 10,055 101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,955 1
SHAREHOLDERS' FUNDS 10,055 101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SMART SPACE DESIGN & DEVELOPMENT LTD (REGISTERED NUMBER: 09148838)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:




P Jankovic - Director



R Shephard - Director


SMART SPACE DESIGN & DEVELOPMENT LTD (REGISTERED NUMBER: 09148838)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024

1. STATUTORY INFORMATION

Smart Space Design & Development 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

SMART SPACE DESIGN & DEVELOPMENT LTD (REGISTERED NUMBER: 09148838)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 149,399
Additions 64,983
Disposals (37,006 )
At 31 July 2024 177,376
DEPRECIATION
At 1 August 2023 87,800
Charge for year 22,859
Eliminated on disposal (16,893 )
At 31 July 2024 93,766
NET BOOK VALUE
At 31 July 2024 83,610
At 31 July 2023 61,599

5. RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £17,274 (2023 - £2,130) due to the directors by the company.