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REGISTERED NUMBER: 08408276 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Smart Soho Ltd

Smart Soho Ltd (Registered number: 08408276)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smart Soho Ltd

Company Information
for the year ended 29 February 2024







DIRECTORS: M L Laking
S McHarrie





REGISTERED OFFICE: 55 Greek Street
London
W1D 3DT





REGISTERED NUMBER: 08408276 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Smart Soho Ltd (Registered number: 08408276)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,533 21,015

CURRENT ASSETS
Stocks 105,000 108,000
Debtors 5 273,415 325,139
Cash at bank and in hand 26,560 26,040
404,975 459,179
CREDITORS
Amounts falling due within one year 6 278,280 440,691
NET CURRENT ASSETS 126,695 18,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,228

39,503

CREDITORS
Amounts falling due after more than one
year

7

(140,329

)

-

PROVISIONS FOR LIABILITIES (3,522 ) -
NET ASSETS 1,377 39,503

Smart Soho Ltd (Registered number: 08408276)

Balance Sheet - continued
29 February 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,277 39,403
1,377 39,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:




M L Laking - Director



S McHarrie - Director


Smart Soho Ltd (Registered number: 08408276)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Smart Soho 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.

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.
Office equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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.


Smart Soho Ltd (Registered number: 08408276)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


2. ACCOUNTING POLICIES - continued
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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 March 2023 47,999
Additions 3,695
At 29 February 2024 51,694
DEPRECIATION
At 1 March 2023 26,984
Charge for year 6,177
At 29 February 2024 33,161
NET BOOK VALUE
At 29 February 2024 18,533
At 28 February 2023 21,015

Smart Soho Ltd (Registered number: 08408276)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,681 137,647
Other debtors 156,734 187,492
273,415 325,139

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,944 172,724
Trade creditors 44,351 64,544
Taxation and social security 177,551 187,092
Other creditors 21,434 16,331
278,280 440,691

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 140,329 -

8. RELATED PARTY DISCLOSURES

Included within debtors are directors' current accounts in the sum of £118,101 (2023: 130,813). The accounts are unsecured and accrues interest at HM Revenue & Customs official rate.