Company Registration No. 12492563 (England and Wales)
Smart City Contractors Ltd
Unaudited accounts
for the year ended 31 March 2024
Smart City Contractors Ltd
Unaudited accounts
Contents
Smart City Contractors Ltd
Company Information
for the year ended 31 March 2024
Company Number
12492563 (England and Wales)
Registered Office
Unit 9 & 10 The Boat House
Wharf Street
Brighouse
HD6 1PP
Smart City Contractors Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
27,092
50,047
Cash at bank and in hand
155,558
144,737
Creditors: amounts falling due within one year
(257,933)
(450,762)
Net current assets
59,038
47,590
Total assets less current liabilities
86,130
97,795
Provisions for liabilities
Deferred tax
(5,148)
(9,509)
Called up share capital
100
100
Profit and loss account
80,882
88,186
Shareholders' funds
80,982
88,286
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 May 2024 and were signed on its behalf by
Mark Hulin
Director
Company Registration No. 12492563
Smart City Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2024
Smart City Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 12492563. The registered office is Unit 9 & 10 The Boat House, Wharf Street, Brighouse, HD6 1PP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Computer equipment
33.3% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Smart City Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
66,667
25,638
92,305
At 31 March 2024
66,667
25,638
92,305
At 1 April 2023
27,736
14,522
42,258
Charge for the year
17,045
5,910
22,955
At 31 March 2024
44,781
20,432
65,213
At 31 March 2024
21,886
5,206
27,092
At 31 March 2023
38,931
11,116
50,047
Amounts falling due within one year
Accrued income and prepayments
154,334
266,162
Other debtors
7,056
22,374
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,503
35,020
Taxes and social security
1,121
4,015
Other creditors
245,609
390,923
Smart City Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 3 (2023: 11).