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REGISTERED NUMBER: 10379538 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Smart City Group Limited

Smart City Group Limited (Registered number: 10379538)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Smart City Group Limited

Company Information
for the year ended 30 September 2024







DIRECTOR: S Savoskin





REGISTERED OFFICE: 227 Shepherds Bush Road
London
W6 7AS





REGISTERED NUMBER: 10379538 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Smart City Group Limited (Registered number: 10379538)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 170 170
Tangible assets 5 3,100 3,875
3,270 4,045

CURRENT ASSETS
Debtors 6 19,765 20,248
Cash at bank 16,347 23,075
36,112 43,323
CREDITORS
Amounts falling due within one year 7 15,358 21,002
NET CURRENT ASSETS 20,754 22,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,024

26,366

CREDITORS
Amounts falling due after more than one
year

8

(5,293

)

(12,336

)

PROVISIONS FOR LIABILITIES 9 (589 ) (736 )
NET ASSETS 18,142 13,294

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,042 13,194
SHAREHOLDERS' FUNDS 18,142 13,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Smart City Group Limited (Registered number: 10379538)

Statement of Financial Position - continued
30 September 2024


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 11 October 2024 and were signed by:





S Savoskin - Director


Smart City Group Limited (Registered number: 10379538)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Smart City Group Limited 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 represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Smart City Group Limited (Registered number: 10379538)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 170
NET BOOK VALUE
At 30 September 2024 170
At 30 September 2023 170

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 1,893 7,304 9,197
DEPRECIATION
At 1 October 2023 1,361 3,961 5,322
Charge for year 106 669 775
At 30 September 2024 1,467 4,630 6,097
NET BOOK VALUE
At 30 September 2024 426 2,674 3,100
At 30 September 2023 532 3,343 3,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 19,765 20,248

Smart City Group Limited (Registered number: 10379538)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 7,454 7,454
Taxation and social security 5,744 8,062
Other creditors 2,160 5,486
15,358 21,002

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 5,293 12,336

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 5,293 12,336

9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 589 736

Deferred
tax
£   
Balance at 1 October 2023 736
Provided during year (147 )
Balance at 30 September 2024 589

10. ULTIMATE CONTROLLING PARTY

The controlling party is S Savoskin.

During the period ended 30 September 2024, the director, controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.