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REGISTERED NUMBER: 05146464 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Smart 4 Homes Limited

Smart 4 Homes Limited (Registered number: 05146464)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Smart 4 Homes Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M R Kounnas
Mrs S J Kounnas
T Kounnas





SECRETARY: Mrs S J Kounnas





REGISTERED OFFICE: Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS





REGISTERED NUMBER: 05146464 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Smart 4 Homes Limited (Registered number: 05146464)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
as restated
Notes £    £   
FIXED ASSETS
Intangible assets 5 - 3,000
Tangible assets 6 43,210 8,627
Investment property 7 229,030 229,030
272,240 240,657

CURRENT ASSETS
Debtors 8 8,534 12,598
Cash at bank 51,438 2,557
59,972 15,155
CREDITORS
Amounts falling due within one year 9 (102,392 ) (250,758 )
NET CURRENT LIABILITIES (42,420 ) (235,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,820

5,054

CREDITORS
Amounts falling due after more than one
year

10

(209,341

)

-
NET ASSETS 20,479 5,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,379 4,954
SHAREHOLDERS' FUNDS 20,479 5,054

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.

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 Statement of Income and Retained Earnings has not been delivered.

Smart 4 Homes Limited (Registered number: 05146464)

Statement of Financial Position - continued
31 July 2024



The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





M R Kounnas - Director


Smart 4 Homes Limited (Registered number: 05146464)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Smart 4 Homes 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 financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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 represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

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.

Franchise fees are being amortised over their estimated useful life of between three and five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 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 4 Homes Limited (Registered number: 05146464)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 32,500
AMORTISATION
At 1 August 2023 29,500
Charge for year 3,000
At 31 July 2024 32,500
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 3,000

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 5,682 7,000 1,807 14,489
Additions 3,364 49,148 296 52,808
Disposals - (7,000 ) - (7,000 )
At 31 July 2024 9,046 49,148 2,103 60,297
DEPRECIATION
At 1 August 2023 2,193 2,545 1,124 5,862
Charge for year 1,045 12,287 438 13,770
Eliminated on disposal - (2,545 ) - (2,545 )
At 31 July 2024 3,238 12,287 1,562 17,087
NET BOOK VALUE
At 31 July 2024 5,808 36,861 541 43,210
At 31 July 2023 3,489 4,455 683 8,627

Smart 4 Homes Limited (Registered number: 05146464)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
Additions 49,148
At 31 July 2024 49,148
DEPRECIATION
Charge for year 12,287
At 31 July 2024 12,287
NET BOOK VALUE
At 31 July 2024 36,861

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 229,030
NET BOOK VALUE
At 31 July 2024 229,030
At 31 July 2023 229,030

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
as restated
£    £   
Trade debtors 4,475 11,927
Prepayments and accrued income 4,059 671
8,534 12,598

Smart 4 Homes Limited (Registered number: 05146464)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
as restated
£    £   
Hire purchase contracts and finance leases (see note 11)
6,356

-
Trade creditors 350 171
Tax 3,169 -
Social security and other taxes 2,640 776
VAT 17,467 4,139
Other creditors - 260
Directors' current accounts 62,866 242,056
Accruals and deferred income 9,544 3,356
102,392 250,758

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
as restated
£    £   
Bank loans more 5 yrs non-inst 171,281 -
Hire purchase contracts and finance leases (see note 11)
38,060

-
209,341 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 171,281 -

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
31.7.24 31.7.23 31.7.24 31.7.23
as restated as restated
£    £    £    £   
Net obligations repayable:
Within one year 3,304 - 3,052 -
Between one and five years 19,543 - 18,517 -
22,847 - 21,569 -

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Smart 4 Homes Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Smart 4 Homes Limited for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Smart 4 Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smart 4 Homes Limited and state those matters that we have agreed to state to the Board of Directors of Smart 4 Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smart 4 Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Smart 4 Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Smart 4 Homes Limited. You consider that Smart 4 Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Smart 4 Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


9 October 2024